CarnivalMEX:CCL 76 3-Year ROIIC % is 159.32 as of Nov. 2025, which is 1896% above its 10-year median of 7.98. 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 790 Travel & Leisure companies, Carnival ranks better than 91.9% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Carnival's 3-Year ROIIC % for the quarter that ended in Nov. 2025 was 159.32%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Carnival's 3-Year ROIIC % or its related term are showing as below:
MEX:CCL's 3-Year ROIIC % is ranked better than 91.9% of 790
companies
in the Travel & Leisure industry
Industry Median: 4.36
vs MEX:CCL: 159.32
Carnival (MEX:CCL) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Carnival 3-Year ROIIC % Related Terms
Carnival 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Carnival's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Travel Services subindustry, Carnival's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Carnival's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Carnival (MEX:CCL) has a 3-Year ROIIC % of 159.32 as of Nov. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Carnival and its competitors. This is 1896% above median its historical median of 7.98. According to the industry distribution chart, Carnival ranks #64 out of 790 companies in the Travel & Leisure industry, placing it in the top 8.1%.
Is Carnival's 3-Year ROIIC % too high?
Carnival's current 3-Year ROIIC % of 159.32 is 1896% above median its 10-year median of 7.98. The Travel & Leisure industry median 3-Year ROIIC % is 4.36. Carnival's value of 159.32 is 3554.1% above this industry median. Based on the distribution chart, Carnival ranks #64 out of 790 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 76/100, reflecting its overall financial health beyond just this single metric.
How does Carnival's 3-Year ROIIC % compare to CCL and VIK?
According to the Travel & Leisure industry distribution chart, Carnival ranks #64 out of 790 companies for 3-Year ROIIC %. This places Carnival in the top 8% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.36. Carnival's value of 159.32 is 3554.1% above this benchmark. While the company's 10-year median is 7.98 vs. the industry median of 4.36, 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 3-Year ROIIC % for a Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 4.36, based on 790 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carnival's current 3-Year ROIIC % of 159.32 is 3554.1% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Carnival and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnival's current 3-Year ROIIC % is 159.32, which is 1896% above median its own 10-year median of 7.98. 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 3-Year ROIIC % of 159.32. 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 3-Year ROIIC % is 159.32, which is 1896% above median its 10-year median of 7.98 and 3554.1% above the Travel & Leisure industry median of 4.36. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Carnival (MEX:CCL), the current 3-Year ROIIC % is 159.32 as of Nov. 2025. 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:
3-Year ROIIC %: 159.32 (1896% above median its 10-year median of 7.98)
GF Value™: MXN352.19 vs. price of MXN438.26 (24.4% above fair value)
Industry Position: 3554.1% above the Travel & Leisure median (#64 of 790)
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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