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Carnival (XTER:POH1) Cyclically Adjusted Price-to-FCF : (As of Jul. 12, 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
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25
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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 May. 2025 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of May. 2025 (Change)*Current CPI (May. 2025)
=0.976/136.1000*136.1000
=0.976

Current CPI (May. 2025) = 136.1000.

Carnival Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201508 1.102 100.300 1.495
201511 0.467 100.300 0.634
201602 0.549 100.100 0.746
201605 0.289 100.800 0.390
201608 1.182 101.200 1.590
201611 0.482 101.800 0.644
201702 0.671 102.400 0.892
201705 0.585 103.500 0.769
201708 1.181 104.000 1.546
201711 0.446 104.700 0.580
201802 0.552 104.900 0.716
201805 0.469 105.900 0.603
201808 0.938 106.500 1.199
201811 0.186 106.900 0.237
201902 -1.284 106.800 -1.636
201905 1.498 107.900 1.890
201908 1.064 108.300 1.337
201911 -1.208 108.500 -1.515
202002 -0.550 108.600 -0.689
202005 -3.894 108.600 -4.880
202008 -3.354 108.800 -4.196
202011 -3.105 109.100 -3.873
202102 -2.475 109.400 -3.079
202105 -1.266 111.000 -1.552
202108 -1.382 112.100 -1.678
202111 -0.662 114.100 -0.790
202202 -3.054 115.400 -3.602
202205 -0.405 119.700 -0.460
202208 -0.735 121.800 -0.821
202211 -1.012 124.800 -1.104
202302 -0.509 126.000 -0.550
202305 0.321 129.100 0.338
202308 0.655 129.400 0.689
202311 0.181 130.000 0.189
202402 -0.271 130.800 -0.282
202405 0.525 132.700 0.538
202408 0.407 133.400 0.415
202411 0.215 134.600 0.217
202502 0.233 135.600 0.234
202505 0.976 136.100 0.976

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  (XTER:POH1) 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

Traded in Other Exchanges
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.

Carnival Headlines

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