CarnivalFRA:3B5 -2.51%75 Days Payable is 26.71 as of May. 2026, which is 1% below its 10-year median of 27.03. GuruFocus rates FRA:3B5 with a GF Score™ of 75/100 and a GF Value™ of €20.88 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 781 Travel & Leisure companies, Carnival ranks worse than 76.18% on this metric.
Carnival's average Accounts Payable for the
three
months ended in May. 2026 was €1,059 Mil. Carnival's Cost of Goods Sold for the
three
months ended in May. 2026 was €3,617 Mil.
Hence, Carnival's Days Payable for the
three
months ended in May. 2026 was 26.71.
The historical rank and industry rank for Carnival's Days Payable or its related term are showing as below:
FRA:3B5'
s Days Payable Range Over the Past 10 Years
Min: 21.01 Med: 27.03 Max: 55.71
Current: 27.07
During the past 13 years, Carnival's highest Days Payable was 55.71. The lowest was 21.01. And the median was 27.03.
FRA:3B5's Days Payable is ranked worse than 76.18% of 781
companies
in the Travel & Leisure industry
Industry Median: 56.32
vs FRA:3B5: 27.07
Carnival's Days Payable
declined
from May. 2025 (27.93) to May. 2026 (26.71).
It may suggest that Carnivalaccelerated paying its suppliers.
Carnival Days Payable Related Terms
Carnival Days Payable Historical Data
* Premium members only.
The historical data trend for Carnival's Days Payable 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.
FRA:3B5 vs VIK, TCOM, EXPE: Days Payable Comparison
For the Travel Services subindustry, Carnival's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Days Payable distribution charts can be found below:
* The bar in red indicates where Carnival's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Carnival's Days Payable for the fiscal year that ended in Nov. 2025 is calculated as
* 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.
Carnival (FRA:3B5) has a Days Payable of 26.71 as of May. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Carnival and its competitors. This is near median its historical median of 27.03. Over the past decade, Carnival's Days Payable has ranged from 21.01 to 55.71. According to the industry distribution chart, Carnival ranks #595 out of 781 companies in the Travel & Leisure industry, placing it in the top 76.2%.
Is Carnival's Days Payable too high?
Carnival's current Days Payable of 26.71 is near median its 10-year median of 27.03. Over the past 10 years, this metric has ranged from a low of 21.01 to a high of 55.71. The Travel & Leisure industry median Days Payable is 56.32. Carnival's value of 26.71 is 52.6% below this industry median. Based on the distribution chart, Carnival ranks #595 out of 781 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Carnival has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carnival's Days Payable compare to VIK and TCOM?
According to the Travel & Leisure industry distribution chart, Carnival ranks #595 out of 781 companies for Days Payable. This places Carnival in the lower half of its industry. The industry median Days Payable is 56.32. Carnival's value of 26.71 is 52.6% below this benchmark. Historically, Carnival's own Days Payable has ranged from 21.01 to 55.71 over the past decade. While the company's 10-year median is 27.03 vs. the industry median of 56.32, Carnival has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.32, based on 781 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carnival's current Days Payable of 26.71 is 52.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Carnival and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnival's current Days Payable is 26.71, which is near median its own 10-year median of 27.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnival stock overvalued right now?
Based on GuruFocus' analysis, Carnival (FRA:3B5) is currently considered Modestly Overvalued. The stock's GF Value™ is €20.88, compared to a current price of €24.90 — trading 19.3% above its estimated fair value. The current Days Payable is 26.71, which is near median its 10-year median of 27.03 and 52.6% below the Travel & Leisure industry median of 56.32. Carnival's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Carnival (FRA:3B5), the current Days Payable is 26.71 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Carnival (FRA:3B5) Overvalued in 2026?
Based on GuruFocus' analysis, Carnival stock appears to be overvalued.
The current stock price of €24.90 is trading 19.3% above its estimated GF Value™ of €20.88.
GuruFocus considers Carnival to be Modestly Overvalued.
Key valuation signals for FRA:3B5:
Days Payable: 26.71 (near median its 10-year median of 27.03)
GF Value™: €20.88 vs. price of €24.90 (19.3% above fair value)
Industry Position: 52.6% below the Travel & Leisure median (#595 of 781)
No single metric tells the full story. See the FRA:3B5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carnival is the largest global cruise company, with nearly 100 ships in service. 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 recently folded 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 nearly 14 million guests in 2025.
75GF Score
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