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CarnivalMEX:CCL 76 Return-on-Tangible-Asset is 2.01% as of Feb. 2026, which is 59% below its 10-year median of 4.87. GuruFocus rates MEX:CCL with a GF Score™ of 76/100 and a GF Value™ of MXN352.19. The stock has 3 warning signs investors should review. Among 855 Travel & Leisure companies, Carnival ranks better than 71.58% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Carnival's annualizedNet Income for the quarter that ended in Feb. 2026 was MXN17,772 Mil. Carnival's average total tangible assets for the quarter that ended in Feb. 2026 was MXN886,229 Mil. Therefore, Carnival's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 2.01%.
The historical rank and industry rank for Carnival's Return-on-Tangible-Asset or its related term are showing as below:
MEX:CCL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.11 Med: 4.87 Max: 8.42
Current: 6.32
During the past 13 years, Carnival's highest Return-on-Tangible-Asset was 8.42%. The lowest was -22.11%. And the median was 4.87%.
MEX:CCL's Return-on-Tangible-Asset is ranked better than 71.58% of 855
companies
in the Travel & Leisure industry
Industry Median: 2.73
vs MEX:CCL: 6.32
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Carnival Return-on-Tangible-Asset Related Terms
Carnival Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Carnival's Return-on-Tangible-Asset 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.
MEX:CCL vs CCL, VIK, TCOM: Return-on-Tangible-Asset Comparison
For the Travel Services subindustry, Carnival's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Carnival's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.01% mean?
Carnival (MEX:CCL) has a Return-on-Tangible-Asset of 2.01% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Carnival and its competitors. This is 59% below median its historical median of 4.87. According to the industry distribution chart, Carnival ranks #243 out of 855 companies in the Travel & Leisure industry, placing it in the top 28.4%.
Is Carnival's Return-on-Tangible-Asset too high?
Carnival's current Return-on-Tangible-Asset of 2.01% is 59% below median its 10-year median of 4.87. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.73. Carnival's value of 2.01% is 26.4% below this industry median. Based on the distribution chart, Carnival ranks #243 out of 855 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Carnival has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Carnival's Return-on-Tangible-Asset compare to CCL and VIK?
According to the Travel & Leisure industry distribution chart, Carnival ranks #243 out of 855 companies for Return-on-Tangible-Asset. This puts Carnival in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.73. Carnival's value of 2.01% is 26.4% below this benchmark. While the company's 10-year median is 4.87 vs. the industry median of 2.73, 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 Return-on-Tangible-Asset for a Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.73, based on 855 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carnival's current Return-on-Tangible-Asset of 2.01% is 26.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Carnival and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnival's current Return-on-Tangible-Asset is 2.01%, which is 59% below median its own 10-year median of 4.87. 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?
Carnival (MEX:CCL) has a current Return-on-Tangible-Asset of 2.01%. The stock's GF Value™ is MXN352.19, compared to a current price of MXN438.26 — trading 24.4% above its estimated fair value. The current Return-on-Tangible-Asset is 2.01%, which is 59% below median its 10-year median of 4.87 and 26.4% below the Travel & Leisure industry median of 2.73. Carnival's overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Carnival (MEX:CCL), the current Return-on-Tangible-Asset is 2.01% 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 (MEX:CCL) Overvalued in 2026?
Based on GuruFocus' analysis, Carnival stock appears to be overvalued.
The current stock price of MXN438.26 is trading 24.4% above its estimated GF Value™ of MXN352.19.
Key valuation signals for MEX:CCL:
Return-on-Tangible-Asset: 2.01% (59% below median its 10-year median of 4.87)
GF Value™: MXN352.19 vs. price of MXN438.26 (24.4% above fair value)
Industry Position: 26.4% below the Travel & Leisure median (#243 of 855)
No single metric tells the full story. See the MEX: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.
76GF Score
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