Question 1

What is Carnival Corporation's P/S ratio?

Accepted Answer

Carnival Corporation (CCL) P/S ratio is 1.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Carnival Corporation?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Carnival Corporation specifically, the relevant sector benchmark is the current sector median of 1.8×.

Question 5

Is Carnival Corporation's P/S ratio high or low?

Accepted Answer

Carnival Corporation's P/S ratio of 1.3× is below its own 5-year average of 4.0× and below the sector median of 1.8×. That places the current reading at the 49th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Carnival Corporation's historical P/S ratio range?

Accepted Answer

In the available daily series, Carnival Corporation (CCL) P/S ratio has ranged from a low of 0.7× in 2020 to a high of 245.5× in 2021. The 5-year average is 4.0× and the 5-year median is 1.2×.

Question 7

What was Carnival Corporation's P/S ratio in 2025?

Accepted Answer

Carnival Corporation (CCL) P/S ratio at the end of 2025 was 1.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Carnival Corporation's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$34B	$26.6B	1.3×	-0.0×	Nov 30, 2025
2024	$33.1B	$25B	1.3×	+0.4×	Nov 30, 2024
2023	$19B	$21.6B	0.9×	-0.1×	Nov 30, 2023
2022	$12.5B	$12.2B	1.0×	-9.5×	Nov 30, 2022
2021	$20B	$1.91B	10.5×	+7.7×	Nov 30, 2021
2020	$15.5B	$5.59B	2.8×	+1.3×	Nov 30, 2020
2019	$30.9B	$20.8B	1.5×	-0.7×	Nov 30, 2019
2018	$42.1B	$18.9B	2.2×	-0.5×	Nov 30, 2018
2017	$47.3B	$17.5B	2.7×	+0.4×	Nov 30, 2017
2016	$37.4B	$16.4B	2.3×	-0.2×	Nov 30, 2016
2015	$39.1B	$15.7B	2.5×	+0.4×	Nov 30, 2015
2014	$32.9B	$15.9B	2.1×	+0.3×	Nov 30, 2014
2013	$28B	$15.5B	1.8×	-0.1×	Nov 30, 2013
2012	$30B	$15.4B	2.0×	+0.3×	Nov 30, 2012
2011	$25.8B	$15.8B	1.6×	-0.6×	Nov 30, 2011
2010	$32.6B	$14.7B	2.2×	+0.3×	Nov 30, 2010
2009	$25.2B	$13.2B	1.9×	+0.9×	Nov 30, 2009
2008	$15.4B	$14.6B	1.1×	-1.7×	Nov 30, 2008
2007	$35.8B	$13B	2.7×	-0.6×	Nov 30, 2007
2006	$39.2B	$11.8B	3.3×	-0.6×	Nov 30, 2006
2005	$43.8B	$11.1B	4.0×	-0.4×	Nov 30, 2005
2004	$42.5B	$9.73B	4.4×	+0.6×	Nov 30, 2004
2003	$25.4B	$6.72B	3.8×	-0.0×	Nov 30, 2003
2002	$16.6B	$4.37B	3.8×	—	Nov 30, 2002


Wynn Resorts (WYNN)	1.4×
D.R. Horton (DHI)	1.4×
Lululemon Athletica (LULU)	1.3×
Toll Brothers (TOL)	1.2×
Li Auto (LI)	1.2×
Ball (BALL)	1.2×
Weyco Group (WEYS)	1.1×
NIO (NIO)	1.1×
Amcor (AMCR)	0.9×
Norwegian Cruise Line (NCLH)	0.9×
XPeng (XPEV)	0.8×
Smurfit Westrock (SW)	0.7×
V.F. (VFC)	0.7×
Lennar (LEN)	0.7×
Genuine Parts (GPC)	0.6×
KB Home (KBH)	0.6×
Mohawk Industries (MHK)	0.5×
LKQ (LKQ)	0.5×
MGM Resorts (MGM)	0.5×
Polaris (PII)	0.4×
General Motors (GM)	0.4×
ChargePoint Holdings (CHPT)	0.4×
Leggett & Platt (LEG)	0.3×
Best Buy Co. (BBY)	0.3×
Ford Motor (F)	0.2×

P/S Ratio for Carnival Corporation (CCL) 2002-2026

P/S Ratio daily chart for Carnival Corporation (CCL)

Historical P/S Ratio for Carnival Corporation (CCL) from 2002 to 2025

About P/S Ratio at Carnival Corporation (CCL)

Carnival Corporation P/S Ratio by Year

Carnival Corporation P/S Ratio 2025: 1.3×

Carnival Corporation P/S Ratio 2024: 1.3×

Carnival Corporation P/S Ratio 2023: 0.9×

Carnival Corporation P/S Ratio 2022: 1.0×

Carnival Corporation P/S Ratio 2021: 10.5×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Carnival Corporation (CCL) Key Financials