Carnival (MEX:CCL) ROCE %: 5.70% (As of Feb. 2026)

What is Carnival ROCE %?

Carnival MEX:CCL 76 ROCE % is 5.70% as of Feb. 2026. GuruFocus rates MEX:CCL with a GF Score™ of 76/100 and a GF Value™ of MXN352.01. The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Carnival's annualized ROCE % for the quarter that ended in Feb. 2026 was 5.70%.

Carnival (MEX:CCL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Carnival ROCE % Related Terms

Carnival ROCE % Historical Data

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The historical data trend for Carnival's ROCE % 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.

Carnival ROCE % Chart

Carnival Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

ROCE %

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-18.61

-10.09

4.80

10.56

10.27

Carnival Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
ROCE %	Get a 7-Day Free Trial															3.33	9.55	22.07	7.27	5.70

76GF Score

Carnival PLC MEX:CCL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Carnival ROCE % Calculation

Carnival's annualized ROCE % for the fiscal year that ended in Nov. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2025 )		(A: Nov. 2024 )		(A: Nov. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2025 )		(A: Nov. 2024 )		(A: Nov. 2025 )
	=	75497.623	/	( ( (999818.208 - 236763.115)	+	(946917.16 - 239848.307) )	/ 2 )
	=	75497.623	/	( (763055.093	+	707068.853)	/ 2 )
	=	75497.623	/	735061.973
	=	10.27 %

Carnival's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	39332.08	/	( ( (946917.16 - 239848.307)	+	(888019.837 - 213881.094) )	/ 2 )
	=	39332.08	/	( ( 707068.853	+	674138.743 )	/ 2 )
	=	39332.08	/	690603.798
	=	5.70 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 5.70% mean?

Carnival (MEX:CCL) has a ROCE % of 5.70% as of Feb. 2026.

Is Carnival's ROCE % too high?

Carnival's current ROCE % is 5.70%. The Travel & Leisure industry median ROCE % is 6.08. Carnival's value of 5.70% is 6.2% below this industry median. Overall, Carnival has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.

How does Carnival's ROCE % compare to CCL and VIK?

Carnival's ROCE % of 5.70% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.08. Carnival's value of 5.70% is 6.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Travel & Leisure company?

The median ROCE % among Travel & Leisure companies is 6.08, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carnival's current ROCE % of 5.70% is 6.2% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Travel & Leisure industry, the median ROCE % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnival's current ROCE % is 5.70%. 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 ROCE % of 5.70%. The stock's GF Value™ is MXN352.01, compared to a current price of MXN438.26 — trading 24.5% above its estimated fair value. The current ROCE % is 5.70% and 6.2% below the Travel & Leisure industry median of 6.08. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Carnival (MEX:CCL), the current ROCE % is 5.70% 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 24.5% above its estimated GF Value™ of MXN352.01.

Key valuation signals for MEX:CCL:

ROCE %: 5.70%
GF Value™: MXN352.01 vs. price of MXN438.26 (24.5% above fair value)
GF Score™: 76/100 with 3 warning signs
Industry Position: 6.2% below the Travel & Leisure median

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 Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies CCL VIK TCOM EXPE NCLH GBTG TNL MMYT LIND PRSU BKNG ABNB RCL STU:POH1 HKSE:00780 BOM:542830 XTER:TUI1 LSE:JET2 XMAD:HBX SAU:1810

Address Carnival House, 100 Harbour Parade, Southampton, Hampshire, GBR, S015 1ST

Website https://www.carnivalplc.com

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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MXN438.26

Price

MXN352.01

GF Value

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