Using the industry peer median P/E Multiples multiple (trailing + forward), Carnival Corporation & plc (CCL) has a fair value of $44.56 based on 7 comparable companies in the Leisure industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Carnival Corporation & plcCCL | 36,985 | 13.1x | 12.0x |
| eBay Inc. | 47,814 | 24.8x | 17.6x |
| Yum! Brands, Inc. | 43,469 | 28.3x | 23.3x |
| D.R. Horton, Inc. | 41,865 | 12.8x | 10.1x |
| Chipotle Mexican Grill, Inc. | 41,676 | 28.5x | 28.6x |
| Las Vegas Sands Corp. | 35,193 | 22.6x | 22.8x |
| Copart, Inc. | 32,695 | 21.3x | 23.5x |
| Lennar Corporation | 22,375 | 11.1x | 6.4x |
| Industry Median | 22.6x | 22.8x | |
| (*) Profit after tax | 2,760 | 3,093 | |
| Equity Value | 62,376 | 62,558 | |
| (/) Outstanding shares | 1,402 | 1,402 | |
| Fair Price | $44 | $45 | |
Using the industry peer median EV/EBITDA multiple (trailing + forward), Carnival Corporation & plc (CCL) has a fair value of $51.49 based on 8 comparable companies in the Leisure industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| Carnival Corporation & plcCCL | 36,985 | 9.1x | 8.7x |
| eBay Inc. | 47,814 | 18.7x | 17.1x |
| Yum! Brands, Inc. | 43,469 | 19.6x | 17.6x |
| D.R. Horton, Inc. | 41,865 | 9.3x | 8.6x |
| Chipotle Mexican Grill, Inc. | 41,676 | 21.6x | 19.8x |
| Las Vegas Sands Corp. | 35,193 | 10.6x | 12.2x |
| Copart, Inc. | 32,695 | 14.2x | 15.5x |
| Lennar Corporation | 22,375 | 8.4x | 8.1x |
| Flutter Entertainment plc | 17,604 | 13.6x | 12.2x |
| Industry Median | 13.9x | 13.9x | |
| (*) EBITDA | 6,911 | 7,234 | |
| = Enterprise Value | 96,195 | 100,322 | |
| (-) Net Debt | 26,065 | 26,065 | |
| Equity Value | 70,130 | 74,257 | |
| (/) Outstanding shares | 1,402 | 1,402 | |
| Fair Price | $50 | $53 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), Carnival Corporation & plc (CCL) has a fair value of $59.66 based on 8 comparable companies in the Leisure industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Carnival Corporation & plcCCL | 36,985 | 2.4x | 2.3x |
| eBay Inc. | 47,814 | 4.8x | 4.4x |
| Yum! Brands, Inc. | 43,469 | 6.7x | 6.0x |
| D.R. Horton, Inc. | 41,865 | 1.3x | 1.2x |
| Chipotle Mexican Grill, Inc. | 41,676 | 4.3x | 3.9x |
| Las Vegas Sands Corp. | 35,193 | 3.6x | 4.2x |
| Copart, Inc. | 32,695 | 6.5x | 7.1x |
| Lennar Corporation | 22,375 | 0.7x | 0.7x |
| Flutter Entertainment plc | 17,604 | 1.7x | 1.5x |
| Industry Median | 4.0x | 4.1x | |
| (*) Revenue | 26,622 | 27,866 | |
| = Enterprise Value | 105,682 | 113,726 | |
| (-) Net Debt | 26,065 | 26,065 | |
| Equity Value | 79,617 | 87,661 | |
| (/) Outstanding shares | 1,402 | 1,402 | |
| Fair Price | $57 | $63 | |
Using the PEG framework with analyst consensus forward EPS growth of 13.9%, the company has a fair value of $30.64 based on NTM EPS (FY2026) of $2.21. The current PEG ratio is 0.86.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG works well for steady growers with predictable earnings.
| EPS Growth RateForward | 13.9% |
| Adjusted Growth (clamped 8–25%) | 13.9% |
| Fair P/E | 13.9x |
| NTM EPS (FY2026) | $2.21 |
| Fair Value | $30.64 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $2.02 | — | — |
| FY2026E | $2.21 | +9.2% | 17 |
| FY2027E | $2.60 | +17.9% | 17 |
| FY2028E | $3.02 | +15.9% | 12 |
| FY2029E | $3.46 | +14.8% | 6 |
| FY2030E | $3.87 | +11.7% | 10 |
5Y Forward EPS CAGR: 13.9%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $-9.5B | $-8.46 | — |
| FY2022 | $-6.1B | $-5.16 | — |
| FY2023 | $-74.0M | $-0.06 | — |
| FY2024 | $1.9B | $1.44 | — |
| FY2025 | $2.8B | $2.02 | +40.3% |
4Y Historical EPS CAGR: 40.3%
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.