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Carnival (MEX:CCL) E10 : MXN-15.46 (As of Nov. 2024)


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What is Carnival E10?

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's adjusted earnings per share data for the three months ended in Nov. 2024 was MXN4.688. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN-15.46 for the trailing ten years ended in Nov. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Carnival was 10.00% per year. The lowest was -57.30% per year. And the median was -1.25% per year.

As of today (2025-03-19), Carnival's current stock price is MXN367.96. Carnival's E10 for the quarter that ended in Nov. 2024 was MXN-15.46. Carnival's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Carnival was 343.00. The lowest was 3.04. And the median was 22.12.


Carnival E10 Historical Data

The historical data trend for Carnival's E10 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.

* Premium members only.

Carnival E10 Chart

Carnival Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 4.33 -9.97 -11.10 -15.46

Carnival Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.10 -12.21 -12.14 -13.60 -15.46

Competitive Comparison of Carnival's E10

For the Travel Services subindustry, Carnival's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Carnival's Shiller PE Ratio falls into.



Carnival E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Carnival's adjusted earnings per share data for the three months ended in Nov. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Nov. 2024 (Change)*Current CPI (Nov. 2024)
=4.688/134.6000*134.6000
=4.688

Current CPI (Nov. 2024) = 134.6000.

Carnival Quarterly Data

per share eps CPI Adj_EPS
201502 0.896 99.500 1.212
201505 4.457 100.100 5.993
201508 26.101 100.300 35.027
201511 5.810 100.300 7.797
201602 3.252 100.100 4.373
201605 14.730 100.800 19.669
201608 36.379 101.200 48.386
201611 16.979 101.800 22.450
201702 9.599 102.400 12.617
201705 9.701 103.500 12.616
201708 32.551 104.000 42.129
201711 14.161 104.700 18.205
201802 10.174 104.900 13.055
201805 15.600 105.900 19.828
201808 46.305 106.500 58.523
201811 14.411 106.900 18.145
201902 9.247 106.800 11.654
201905 12.774 107.900 15.935
201908 51.774 108.300 64.347
201911 11.921 108.500 14.789
202002 -22.492 108.600 -27.877
202005 -134.572 108.600 -166.790
202008 -80.737 108.800 -99.882
202011 -43.725 109.100 -53.945
202102 -37.683 109.400 -46.363
202105 -36.472 111.000 -44.226
202108 -50.185 112.100 -60.258
202111 -49.771 114.100 -58.713
202202 -33.869 115.400 -39.504
202205 -31.685 119.700 -35.629
202208 -13.056 121.800 -14.428
202211 -24.595 124.800 -26.526
202302 -10.090 126.000 -10.779
202305 -5.680 129.100 -5.922
202308 13.336 129.400 13.872
202311 -0.695 130.000 -0.720
202402 -2.900 130.800 -2.984
202405 1.190 132.700 1.207
202408 24.854 133.400 25.078
202411 4.688 134.600 4.688

Add all the adjusted EPS together and divide 10 will get our e10.


Carnival  (MEX:CCL) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

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.

During the past 13 years, the highest Shiller P/E Ratio of Carnival was 343.00. The lowest was 3.04. And the median was 22.12.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Carnival E10 Related Terms

Thank you for viewing the detailed overview of Carnival's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Carnival Business Description

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.