CarnivalFRA:3B5 -2.51%75 OCF Margin % is 39.46% as of May. 2026, which is 68% above its 10-year median of 23.52. 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 844 Travel & Leisure companies, Carnival ranks better than 72.16% on this metric.
The historical rank and industry rank for Carnival's OCF Margin % or its related term are showing as below:
FRA:3B5'
s OCF Margin % Range Over the Past 10 Years
Min: -215.36 Med: 23.52 Max: 31.33
Current: 24.87
During the past 13 years, the highest OCF Margin % of Carnival was 31.33%. The lowest was -215.36%. And the median was 23.52%.
FRA:3B5's OCF Margin % is ranked better than 72.16% of 844
companies
in the Travel & Leisure industry
Industry Median: 14.115
vs FRA:3B5: 24.87
Carnival OCF Margin % Related Terms
Carnival OCF Margin % Historical Data
* Premium members only.
The historical data trend for Carnival's OCF 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.
FRA:3B5 vs VIK, TCOM, EXPE: OCF Margin % Comparison
For the Travel Services subindustry, Carnival's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's OCF Margin % distribution charts can be found below:
* The bar in red indicates where Carnival's OCF 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 (FRA:3B5) has a OCF Margin % of 39.46% as of May. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Carnival and its competitors. This is 68% above median its historical median of 23.52. According to the industry distribution chart, Carnival ranks #235 out of 844 companies in the Travel & Leisure industry, placing it in the top 27.8%.
Is Carnival's OCF Margin % too high?
Carnival's current OCF Margin % of 39.46% is 68% above median its 10-year median of 23.52. The Travel & Leisure industry median OCF Margin % is 14.12. Carnival's value of 39.46% is 179.6% above this industry median. Based on the distribution chart, Carnival ranks #235 out of 844 companies in the Travel & Leisure industry, which is above the industry midpoint. 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 OCF Margin % compare to VIK and TCOM?
According to the Travel & Leisure industry distribution chart, Carnival ranks #235 out of 844 companies for OCF Margin %. This puts Carnival in the upper half of its industry. The industry median OCF Margin % is 14.12. Carnival's value of 39.46% is 179.6% above this benchmark. While the company's 10-year median is 23.52 vs. the industry median of 14.12, 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 OCF Margin % for a Travel & Leisure company?
The median OCF Margin % among Travel & Leisure companies is 14.12, based on 844 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carnival's current OCF Margin % of 39.46% is 179.6% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Carnival and its competitors. For the Travel & Leisure industry, the median OCF Margin % is 14.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnival's current OCF Margin % is 39.46%, which is 68% above median its own 10-year median of 23.52. 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 OCF Margin % is 39.46%, which is 68% above median its 10-year median of 23.52 and 179.6% above the Travel & Leisure industry median of 14.12. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Carnival (FRA:3B5), the current OCF Margin % is 39.46% 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:
OCF Margin %: 39.46% (68% above median its 10-year median of 23.52)
GF Value™: €20.88 vs. price of €24.90 (19.3% above fair value)
Industry Position: 179.6% above the Travel & Leisure median (#235 of 844)
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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