Is Carnival Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Carnival Corp. has moved from attractive to fair. The company appears to be fairly valued based on its current metrics. Notable ratios include a P/E ratio of 15, an EV to EBITDA of 9.72, and a PEG ratio of 0.05, indicating potential growth relative to its price.
In comparison to peers, Carnival Corp. has a P/E ratio of 16.89 and an EV to EBITDA of 10.55, suggesting it is slightly below the average valuation of its industry. The company's return over the past year stands at 32.23%, significantly outperforming the S&P 500's return of 14.08%, which reinforces the notion that the stock is currently fairly valued.