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Carnival (LSE:CCL) Cyclically Adjusted Price-to-FCF : (As of Jun. 05, 2025)


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What is Carnival Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Carnival Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Carnival's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Carnival Cyclically Adjusted Price-to-FCF Chart

Carnival Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Cyclically Adjusted Price-to-FCF
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Carnival Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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Competitive Comparison of Carnival's Cyclically Adjusted Price-to-FCF

For the Travel Services subindustry, Carnival's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Carnival's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Carnival's Cyclically Adjusted Price-to-FCF falls into.


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Carnival Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Carnival's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2025 is calculated as:

For example, Carnival's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=0.194/135.6000*135.6000
=0.194

Current CPI (Feb. 2025) = 135.6000.

Carnival Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201505 0.893 100.100 1.210
201508 0.787 100.300 1.064
201511 0.330 100.300 0.446
201602 0.426 100.100 0.577
201605 0.225 100.800 0.303
201608 1.011 101.200 1.355
201611 0.418 101.800 0.557
201702 0.571 102.400 0.756
201705 0.500 103.500 0.655
201708 1.076 104.000 1.403
201711 0.396 104.700 0.513
201802 0.488 104.900 0.631
201805 0.411 105.900 0.526
201808 0.842 106.500 1.072
201811 0.164 106.900 0.208
201902 -1.119 106.800 -1.421
201905 1.303 107.900 1.638
201908 0.973 108.300 1.218
201911 -1.036 108.500 -1.295
202002 -0.463 108.600 -0.578
202005 -3.453 108.600 -4.311
202008 -3.020 108.800 -3.764
202011 -2.782 109.100 -3.458
202102 -2.158 109.400 -2.675
202105 -1.093 111.000 -1.335
202108 -1.179 112.100 -1.426
202111 -0.561 114.100 -0.667
202202 -2.562 115.400 -3.010
202205 -0.344 119.700 -0.390
202208 -0.621 121.800 -0.691
202211 -0.880 124.800 -0.956
202302 -0.451 126.000 -0.485
202305 0.279 129.100 0.293
202308 0.562 129.400 0.589
202311 0.157 130.000 0.164
202402 -0.232 130.800 -0.241
202405 0.448 132.700 0.458
202408 0.347 133.400 0.353
202411 0.179 134.600 0.180
202502 0.194 135.600 0.194

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Carnival  (LSE:CCL) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Carnival Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Carnival's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Carnival Business Description

Industry
Address
Carnival House, 100 Harbour Parade, Southampton, Hampshire, GBR, S015 1ST
Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.