Is Carnival Corp. overvalued or undervalued?

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