Carnival Corporation & plc

LSE:0EV1 Stock Report

Market Cap: US$33.6b

Carnival Corporation & Valuation

Is 0EV1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0EV1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

US$30.89
Fair Value
16.5% undervalued intrinsic discount
23
Number of Analysts

Below Fair Value: 0EV1 ($25.78) is trading below our estimate of fair value ($30.89)

Significantly Below Fair Value: 0EV1 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0EV1?

Key metric: As 0EV1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0EV1. This is calculated by dividing 0EV1's market cap by their current earnings.
What is 0EV1's PE Ratio?
PE Ratio12.8x
EarningsUS$2.64b
Market CapUS$33.59b

Price to Earnings Ratio vs Peers

How does 0EV1's PE Ratio compare to its peers?

The above table shows the PE ratio for 0EV1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.3x
IHG InterContinental Hotels Group
26.6x8.99%UK£15.1b
WTB Whitbread
16.9x13.88%UK£4.2b
TRN Trainline
13x5.35%UK£948.7m
PPH PPHE Hotel Group
36.8x24.16%UK£806.2m
0EV1 Carnival Corporation &
12.8x12.55%US$33.6b

Price-To-Earnings vs Peers: 0EV1 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

How does 0EV1's PE Ratio compare vs other companies in the GB Hospitality Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
0EV1 12.8xIndustry Avg. 16.3xNo. of Companies6PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0EV1 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the UK Hospitality industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is 0EV1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0EV1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.8x
Fair PE Ratio27x

Price-To-Earnings vs Fair Ratio: 0EV1 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (27x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0EV1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$25.78
US$35.76
+38.71%
10.48%US$43.00US$26.00n/a23
Nov ’26US$28.87
US$35.84
+24.15%
10.64%US$43.00US$26.00n/a22
Oct ’26US$28.69
US$35.88
+25.05%
10.52%US$43.00US$26.00n/a21
Sep ’26US$31.93
US$33.59
+5.20%
11.20%US$43.00US$26.00n/a22
Aug ’26US$28.85
US$32.95
+14.22%
9.70%US$38.00US$26.00n/a22
Jul ’26US$28.74
US$30.80
+7.17%
9.77%US$35.00US$24.00n/a22
Jun ’26US$23.22
US$27.73
+19.43%
13.53%US$34.00US$21.00n/a24
May ’26US$18.71
US$27.65
+47.81%
16.91%US$34.00US$14.00n/a24
Apr ’26US$19.16
US$28.47
+48.58%
15.34%US$34.00US$14.00n/a24
Mar ’26US$23.43
US$29.68
+26.68%
13.80%US$35.00US$14.00n/a24
Feb ’26US$27.76
US$29.75
+7.16%
14.33%US$35.00US$14.00n/a23
Jan ’26US$25.02
US$29.23
+16.84%
14.96%US$35.00US$14.00n/a23
Dec ’25US$25.43
US$25.15
-1.12%
14.28%US$29.00US$14.00n/a22
Nov ’25US$21.93
US$24.56
+11.98%
15.45%US$28.21US$14.00US$28.8721
Oct ’25US$18.01
US$23.39
+29.90%
15.29%US$28.00US$14.00US$28.6920
Sep ’25US$16.39
US$22.56
+37.64%
15.59%US$28.00US$13.00US$31.9322
Aug ’25US$15.66
US$22.49
+43.61%
16.34%US$28.00US$13.00US$28.8522
Jul ’25US$17.83
US$22.49
+26.17%
16.80%US$28.00US$13.00US$28.7420
Jun ’25US$15.02
US$21.26
+41.57%
17.15%US$28.00US$13.00US$23.2222
May ’25US$14.48
US$21.48
+48.36%
16.47%US$28.00US$13.00US$18.7122
Apr ’25US$16.52
US$21.72
+31.51%
15.63%US$27.50US$13.00US$19.1621
Mar ’25US$15.92
US$20.97
+31.71%
17.88%US$27.50US$13.00US$23.4321
Feb ’25US$16.61
US$20.90
+25.83%
18.32%US$27.50US$13.00US$27.7620
Jan ’25US$18.69
US$20.78
+11.20%
21.69%US$25.00US$7.00US$25.0219
Dec ’24US$15.56
US$17.88
+14.89%
23.95%US$25.00US$7.00US$25.4321
Nov ’24US$11.25
US$18.07
+60.59%
23.58%US$25.00US$7.00US$21.9321
US$35.76
Fair Value
27.9% undervalued intrinsic discount
23
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/30 12:46
End of Day Share Price 2025/11/28 00:00
Earnings2025/08/31
Annual Earnings2024/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Carnival Corporation & plc is covered by 47 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Felicia Kantor HendrixBarclays
Brandt MontourBarclays