Price to Earnings (P/E)
since 2005
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Carnival Corp. & plc pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Return on Equity (ROE) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Calculation
Carnival Corp. & plc, P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 26, 2024 | = | ÷ | = | ÷ | |||||||
| Jan 27, 2023 | = | ÷ | = | ÷ | |||||||
| Jan 27, 2022 | = | ÷ | = | ÷ | |||||||
| Jan 26, 2021 | = | ÷ | = | ÷ | |||||||
| Jan 28, 2020 | = | ÷ | = | ÷ | |||||||
| Jan 28, 2019 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2018 | = | ÷ | = | ÷ | |||||||
| Jan 30, 2017 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2016 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2015 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2014 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2013 | = | ÷ | = | ÷ | |||||||
| Jan 30, 2012 | = | ÷ | = | ÷ | |||||||
| Jan 31, 2011 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2010 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2009 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 9, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Carnival Corp. & plc Annual Report.
The financial data over the examined periods displays notable fluctuations in share price, earnings per share (EPS), and price-to-earnings (P/E) ratio, indicating varying market conditions and company performance.
- Share Price Trends
- The share price initially shows a downward trend from $52.24 in early 2006 to a low of $18.60 in early 2009, reflecting a significant decline during that period. Subsequently, the price experiences recovery and growth, peaking at $71.94 in early 2018. After this peak, a gradual decline is observed, reaching $46.50 by early 2020. The period from 2020 onward shows a sharp drop to $18.72, with values remaining relatively depressed through to early 2024, fluctuating between $11.02 and $19.11 before slightly increasing to $15.83.
- Earnings Per Share (EPS) Patterns
- EPS displays moderate growth and fluctuations until early 2020, beginning at $2.65 in 2006 and reaching a high of $4.39 in early 2019. Notable is the decline in EPS after 2014 to a low of $1.33 in early 2014, followed by a strong recovery to pre-2014 levels and beyond by 2018-2019. However, the company experiences a severe downturn in profitability starting in 2020, with EPS turning sharply negative and bottoming out at -$9.17 in early 2021. Although partial improvement is seen in subsequent years, EPS remains negative through early 2024, approaching near breakeven at -$0.06.
- Price-to-Earnings (P/E) Ratio Observations
- P/E ratios show significant variation over the years, beginning at 19.7 in 2006 and decreasing to a low of 6.69 in early 2009. This corresponds with declines in share price and EPS during that period, likely linked to broader economic conditions. Afterward, P/E rises sharply, peaking at around 29.63 in early 2014, indicating increasing market valuation relative to earnings despite some EPS decline during that time. By early 2020, the P/E ratio has decreased to 11.04, coinciding with declining share prices and earnings. For the final periods between 2021 and 2024, the P/E data is unavailable, likely due to negative EPS values, which typically render P/E ratios non-interpretable.
Overall, the data points to a cycle of economic and operational challenges impacting the company, especially evident in the distinct drops in share price and EPS during recessions or crisis periods, notably around 2009 and post-2020. The sharp negative EPS after 2019 and sustained low share prices indicate significant financial distress during recent years. Earlier periods show recovery phases with improved earnings and share price appreciation, suggesting resilience amidst fluctuating market conditions.
Comparison to Competitors
Carnival Corp. & plc, P/E, long-term trends, comparison to competitors
| Carnival Corp. & plc | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|---|
| Jan 26, 2024 | |||||||
| Jan 27, 2023 | |||||||
| Jan 27, 2022 | |||||||
| Jan 26, 2021 | |||||||
| Jan 28, 2020 | |||||||
| Jan 28, 2019 | |||||||
| Jan 29, 2018 | |||||||
| Jan 30, 2017 | |||||||
| Jan 29, 2016 | |||||||
| Jan 29, 2015 | |||||||
| Jan 29, 2014 | |||||||
| Jan 29, 2013 | |||||||
| Jan 30, 2012 | |||||||
| Jan 31, 2011 | |||||||
| Jan 29, 2010 | |||||||
| Jan 29, 2009 | |||||||
| Jan 29, 2008 | |||||||
| Feb 12, 2007 | |||||||
| Feb 9, 2006 |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
Comparison to Sector (Consumer Services)
Carnival Corp. & plc, P/E, long-term trends, comparison to sector (consumer services)
| Carnival Corp. & plc | Consumer Services | |
|---|---|---|
| Jan 26, 2024 | ||
| Jan 27, 2023 | ||
| Jan 27, 2022 | ||
| Jan 26, 2021 | ||
| Jan 28, 2020 | ||
| Jan 28, 2019 | ||
| Jan 29, 2018 | ||
| Jan 30, 2017 | ||
| Jan 29, 2016 | ||
| Jan 29, 2015 | ||
| Jan 29, 2014 | ||
| Jan 29, 2013 | ||
| Jan 30, 2012 | ||
| Jan 31, 2011 | ||
| Jan 29, 2010 | ||
| Jan 29, 2009 | ||
| Jan 29, 2008 | ||
| Feb 12, 2007 | ||
| Feb 9, 2006 |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
Comparison to Industry (Consumer Discretionary)
Carnival Corp. & plc, P/E, long-term trends, comparison to industry (consumer discretionary)
| Carnival Corp. & plc | Consumer Discretionary | |
|---|---|---|
| Jan 26, 2024 | ||
| Jan 27, 2023 | ||
| Jan 27, 2022 | ||
| Jan 26, 2021 | ||
| Jan 28, 2020 | ||
| Jan 28, 2019 | ||
| Jan 29, 2018 | ||
| Jan 30, 2017 | ||
| Jan 29, 2016 | ||
| Jan 29, 2015 | ||
| Jan 29, 2014 | ||
| Jan 29, 2013 | ||
| Jan 30, 2012 | ||
| Jan 31, 2011 | ||
| Jan 29, 2010 | ||
| Jan 29, 2009 | ||
| Jan 29, 2008 | ||
| Feb 12, 2007 | ||
| Feb 9, 2006 |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).