CCL (Carnival) Shares Buyback Ratio %: -4.57 (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CCL Carnival Corporation Ltd CCL
78 GF Score
Price $25.71
GF Value $24.27
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Carnival Shares Buyback Ratio %?

Carnival CCL -0.10% 78 Shares Buyback Ratio % is -4.57 as of Aug. 24, 2026. GuruFocus rates CCL with a GF Score™ of 78/100 and a GF Value™ of $24.27 (Fairly Valued). The stock has 5 warning signs investors should review.

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

GuruFocus calculates shares buyback ratio using previous shares outstanding minus the current shares outstanding, and then divides by previous shares outstanding. Carnival's current shares buyback ratio was -4.57%.

Carnival Shares Buyback Ratio % Related Terms

Carnival Shares Buyback Ratio % Historical Data

* Premium members only.

The historical data trend for Carnival's Shares Buyback Ratio % 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 Shares Buyback Ratio % Chart

Carnival Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Shares Buyback Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.53 -10.83 -0.40 -3.48 -0.39

Carnival Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Shares Buyback Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.08 -0.03 -0.06 -5.48 0.95
CCL
78GF Score
Carnival Corporation Ltd CCL
Shares Buyback Ratio % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carnival Shares Buyback Ratio % Calculation

Carnival's Shares Buyback Ratio for the fiscal year that ended in Nov. 2025 is calculated as

Shares Buyback Ratio=(Shares Outstanding (EOP) (A: Nov. 2024 ) - Shares Outstanding (EOP) (A: Nov. 2025 )) / Shares Outstanding (EOP) (A: Nov. 2024 )
=(1308.000 - 1313.149) / 1308.000
=-0.39%

Carnival's Shares Buyback Ratio for the quarter that ended in May. 2026 is calculated as

Shares Buyback Ratio=(Shares Outstanding (EOP) (A: Feb. 2026 ) - Shares Outstanding (EOP) (A: May. 2026 )) / Shares Outstanding (EOP) (A: Feb. 2026 )
=(1385.140 - 1372.000) / 1385.140
=0.95%

* 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.

Frequently Asked Questions Learn more about Shares Buyback Ratio % →
What does a Shares Buyback Ratio % of -4.57 mean?
Carnival (CCL) has a Shares Buyback Ratio % of -4.57 as of Aug. 24, 2026. Share buyback ratio is the percent change of a company's shares outstanding from two periods. View historical data on Carnival and its competitors.
Is Carnival's Shares Buyback Ratio % too high?
Carnival's current Shares Buyback Ratio % is -4.57. Overall, Carnival has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carnival's Shares Buyback Ratio % compare to EXPE and TCOM?
Carnival's Shares Buyback Ratio % of -4.57 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Buyback Ratio % for a Travel & Leisure company?
A good Shares Buyback Ratio % depends on the Travel & Leisure industry context. However, Shares Buyback Ratio % 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 Shares Buyback Ratio % mean?
A high Shares Buyback Ratio % can signal that a stock is expensive relative to its fundamentals. Share buyback ratio is the percent change of a company's shares outstanding from two periods. View historical data on Carnival and its competitors. Carnival's current Shares Buyback Ratio % is -4.57. 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 (CCL) is currently considered Fairly Valued. The stock's GF Value™ is $24.27, compared to a current price of $25.71 — trading 5.9% above its estimated fair value. The current Shares Buyback Ratio % is -4.57. Carnival's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Buyback Ratio % calculated?
Shares Buyback Ratio % is calculated from a company's financial statements. For Carnival (CCL), the current Shares Buyback Ratio % is -4.57 as of Aug. 24, 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 (CCL) Overvalued in 2026?

Based on GuruFocus' analysis, Carnival stock appears to be overvalued. The current stock price of $25.71 is trading 5.9% above its estimated GF Value™ of $24.27. GuruFocus considers Carnival to be Fairly Valued.

Key valuation signals for CCL:

  • Shares Buyback Ratio %: -4.57
  • GF Value™: $24.27 vs. price of $25.71 (5.9% above fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the CCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Carnival Business Description

Address 3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428
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.
78GF Score

Get the complete analysis for CCL

Shares Buyback Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$25.71
Price
$24.27
GF Value