CarnivalLSE:CCL -3.77%56 EBITDA Margin % is 20.55% as of Feb. 2026, which is 19% below its 10-year median of 25.43. GuruFocus rates LSE:CCL with a GF Score™ of 56/100 and a GF Value™ of £15.00 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 845 Travel & Leisure companies, Carnival ranks better than 60.36% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Carnival's EBITDA for the
three
months ended in Feb. 2026 was £933 Mil. Carnival's Revenue for the
three
months ended in Feb. 2026 was £4,537 Mil. Therefore, Carnival's EBITDA margin for the quarter that ended in Feb. 2026 was 20.55%.
Carnival (LSE:CCL) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Carnival EBITDA Margin % Related Terms
Carnival EBITDA Margin % Historical Data
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The historical data trend for Carnival's EBITDA Margin % 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.
LSE:CCL vs CCL, VIK, TCOM: EBITDA Margin % Comparison
For the Travel Services subindustry, Carnival's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Carnival's EBITDA Margin % falls into.
* 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 (LSE:CCL) has a EBITDA Margin % of 20.55% as of Feb. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Carnival and its competitors. This is 19% below median its historical median of 25.43. According to the industry distribution chart, Carnival ranks #335 out of 845 companies in the Travel & Leisure industry, placing it in the top 39.6%.
Is Carnival's EBITDA Margin % too high?
Carnival's current EBITDA Margin % of 20.55% is 19% below median its 10-year median of 25.43. The Travel & Leisure industry median EBITDA Margin % is 15.67. Carnival's value of 20.55% is 31.1% above this industry median. Based on the distribution chart, Carnival ranks #335 out of 845 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Carnival has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carnival's EBITDA Margin % compare to CCL and VIK?
According to the Travel & Leisure industry distribution chart, Carnival ranks #335 out of 845 companies for EBITDA Margin %. This puts Carnival in the upper half of its industry. The industry median EBITDA Margin % is 15.67. Carnival's value of 20.55% is 31.1% above this benchmark. While the company's 10-year median is 25.43 vs. the industry median of 15.67, Carnival has consistently been above 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 EBITDA Margin % for a Travel & Leisure company?
The median EBITDA Margin % among Travel & Leisure companies is 15.67, based on 845 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carnival's current EBITDA Margin % of 20.55% is 31.1% above 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Carnival and its competitors. For the Travel & Leisure industry, the median EBITDA Margin % is 15.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnival's current EBITDA Margin % is 20.55%, which is 19% below median its own 10-year median of 25.43. 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 (LSE:CCL) is currently considered Modestly Overvalued. The stock's GF Value™ is £15.00, compared to a current price of £19.04 — trading 26.9% above its estimated fair value. The current EBITDA Margin % is 20.55%, which is 19% below median its 10-year median of 25.43 and 31.1% above the Travel & Leisure industry median of 15.67. Carnival's overall GF Score™ is 56/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Carnival (LSE:CCL), the current EBITDA Margin % is 20.55% as of Feb. 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 (LSE:CCL) Overvalued in 2026?
Based on GuruFocus' analysis, Carnival stock appears to be overvalued.
The current stock price of £19.04 is trading 26.9% above its estimated GF Value™ of £15.00.
GuruFocus considers Carnival to be Modestly Overvalued.
Key valuation signals for LSE:CCL:
EBITDA Margin %: 20.55% (19% below median its 10-year median of 25.43)
GF Value™: £15.00 vs. price of £19.04 (26.9% above fair value)
Industry Position: 31.1% above the Travel & Leisure median (#335 of 845)
No single metric tells the full story. See the LSE:CCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carnival PLC 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.
56GF Score
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