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Carnival Corp (NYSE:CCL)
Shiller P/E Ratio
18.86 (As of Today)

As of today, Carnival Corp's current share price is $47.15. Carnival Corp's E10 for the quarter that ended in Aug. 2016 was $2.50. Carnival Corp's Shiller P/E Ratio for today is 18.86.

CCL' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 6.57   Max: 26.2
Current: 18.87


During the past 13 years, Carnival Corp's highest Shiller P/E Ratio was 26.20. The lowest was 6.57. And the median was 15.00.

CCL's Shiller P/E Ratio is ranked higher than
66% of the 174 Companies
in the Global Leisure industry.

( Industry Median: 27.67 vs. CCL: 18.87 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Carnival Corp's adjusted earnings per share data for the three months ended in Aug. 2016 was $1.930. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.50 for the trailing ten years ended in Aug. 2016.


For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Carnival Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Carnival Corp's E10 for the fiscal year that ended in Nov14 is calculated as:

For example, Carnival Corp's adjusted earnings per share data for the three months ended in Aug. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Aug. 2016 (Change)*Current CPI (Aug. 2016)

Current CPI (Aug. 2016) = 240.853.

Carnival Corp Quarterly Data

per share eps 0.1301.600-0.1400.0600.2901.5600.3500.1800.8001.930
CPI 237.900237.852236.151234.722237.805238.316237.336237.111240.236240.853
Adj_EPS 0.1321.620-0.1430.0620.2941.5770.3550.1830.8021.930
per share eps 0.280-0.1800.0201.7100.1200.0500.0501.2000.050-0.030
CPI 226.230227.663229.815230.379230.221232.166232.945233.877233.069234.781
Adj_EPS 0.298-0.1900.0211.7880.1260.0520.0521.2360.052-0.031
per share eps 0.3301.3300.2400.2200.3201.6200.3100.1900.2601.690
CPI 213.856215.834216.330216.741218.178218.312218.803221.309225.964226.545
Adj_EPS 0.3721.4840.2670.2440.3531.7870.3410.2070.2771.797
per share eps 0.5200.3500.4801.6700.4400.3000.4901.6500.4700.330
CPI 201.500203.499207.949207.917210.177211.693216.632219.086212.425212.193
Adj_EPS 0.6220.4140.5561.9350.5040.3410.5451.8140.5330.375

Add all the adjusted EPS together and divide 10 will get our E10.


Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.

Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.

Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Carnival Corp Annual Data

ShillerPE 23.8819.988.7413.0516.4012.6214.6813.7417.4620.82

Carnival Corp Quarterly Data

ShillerPE 15.3514.4917.4617.8918.6819.9720.8219.9219.2419.13
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