Carnival (CCL) Price to Book (2009 - 2026)
Carnival's (CCL) quarterly Price to Book came in at 2.96 in Q2 2026, up 9.27% on a YoY basis from 2.71 in Q2 2025, and down 1.19% quarter-over-quarter from 3.0 in Q1 2026.
Analysis
Carnival (CCL) Price to Book (2009 - 2026) Analysis & Trends
Carnival (CCL) has reported Price to Book for 18 consecutive years, with 2.96 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Book rose 9.27% year-over-year to 2.96; the trailing twelve-month figure through May 2026 stood at 2.96 (up 9.27% YoY), and the FY2025 full-year result was 2.6, down 18.9% from the prior year.
- Price to Book fell to 2.96 in Q2 2026 per CCL's latest filing, from 3.0 in the prior quarter.
- Across five years, Price to Book topped out at 3.2 in Q4 2024 and bottomed at 1.26 in Q3 2022.
- Historically, Price to Book has averaged 2.42 across 5 years, with a median of 2.51 in 2024.
- The sharpest annual moves came in 2022 and 2023: Price to Book slipped 21.16% in 2022, then jumped 102.54% in 2023.
- Over 5 years, Price to Book stood at 1.57 in 2022, then jumped by 56.53% to 2.45 in 2023, then surged by 30.64% to 3.2 in 2024, then slipped by 18.9% to 2.6 in 2025, then gained by 14.05% to 2.96 in 2026.
- According to Business Quant data, Price to Book over the past three periods registered 2.96, 3.0, and 2.6 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 2.96 |
| Feb 28, 2026 | 3.00 |
| Nov 30, 2025 | 2.60 |
| Aug 31, 2025 | 3.12 |
| May 31, 2025 | 2.71 |
| Feb 28, 2025 | 3.04 |
| Nov 30, 2024 | 3.20 |
| Aug 31, 2024 | 2.22 |
| May 31, 2024 | 2.48 |
| Feb 29, 2024 | 2.66 |
| Nov 30, 2023 | 2.45 |
| Aug 31, 2023 | 2.54 |
| May 31, 2023 | 2.14 |
| Feb 28, 2023 | 1.92 |
| Nov 30, 2022 | 1.57 |
| Aug 31, 2022 | 1.26 |
| May 31, 2022 | 1.67 |
| Feb 28, 2022 | 1.95 |
| Nov 30, 2021 | 1.43 |
| Aug 31, 2021 | 1.59 |