CarnivalFRA:3B5 -2.51%75 Market Cap is €34,392 Mil as of Jun. 26, 2026. 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 870 Travel & Leisure companies, Carnival ranks better than 99.2% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Carnival's share price for the quarter that ended in May. 2026 was €24.23. Carnival's Shares Outstanding (EOP) for the quarter that ended in May. 2026 was 1,518 Mil. Therefore, Carnival's market cap for the quarter that ended in May. 2026 was €36,785 Mil.
Carnival's quarterly market cap
increased
from Nov. 2025 (€29,316 Mil) to Feb. 2026 (€36,762 Mil) and
increased
from Feb. 2026 (€36,762 Mil) to May. 2026 (€36,785 Mil).
Carnival's annual market cap
increased
from Nov. 2023 (€17,562 Mil) to Nov. 2024 (€31,627 Mil) but then
declined
from Nov. 2024 (€31,627 Mil) to Nov. 2025 (€29,316 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Carnival's Enterprise Value for Today is €55,480 Mil.
Carnival (FRA:3B5) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Carnival Market Cap Related Terms
Carnival Market Cap Historical Data
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The historical data trend for Carnival's Market Cap 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.
For the Travel Services subindustry, Carnival's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Market Cap distribution charts can be found below:
* The bar in red indicates where Carnival's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Carnival's Market Cap 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 Market Cap of €34,392 Mil as of Jun. 26, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Carnival and its competitors. According to the industry distribution chart, Carnival ranks #7 out of 870 companies in the Travel & Leisure industry, placing it in the top 0.8%.
Is Carnival's Market Cap too high?
Carnival's current Market Cap is €34,392 Mil. Based on the distribution chart, Carnival ranks #7 out of 870 companies in the Travel & Leisure industry, which is in the top quartile — a strong position 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 Market Cap compare to VIK and TCOM?
According to the Travel & Leisure industry distribution chart, Carnival ranks #7 out of 870 companies for Market Cap. This places Carnival in the top 1% of its industry — outperforming the majority of peers. The industry median Market Cap is 111.64. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Travel & Leisure company?
The median Market Cap among Travel & Leisure companies is 111.64, based on 870 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Carnival and its competitors. For the Travel & Leisure industry, the median Market Cap is 111.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnival's current Market Cap is €34,392 Mil. 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 Market Cap is €34,392 Mil. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Carnival (FRA:3B5), the current Market Cap is €34,392 Mil as of Jun. 26, 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:
Market Cap: €34,392 Mil
GF Value™: €20.88 vs. price of €24.90 (19.3% above fair value)
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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