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Carnival (Carnival) Cyclically Adjusted PB Ratio : 0.48 (As of Jun. 10, 2024)


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What is Carnival Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Carnival's current share price is $14.89. Carnival's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $31.08. Carnival's Cyclically Adjusted PB Ratio for today is 0.48.

The historical rank and industry rank for Carnival's Cyclically Adjusted PB Ratio or its related term are showing as below:

CUK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.48   Max: 0.94
Current: 0.49

During the past years, Carnival's highest Cyclically Adjusted PB Ratio was 0.94. The lowest was 0.14. And the median was 0.48.

CUK's Cyclically Adjusted PB Ratio is ranked better than
76.3% of 616 companies
in the Travel & Leisure industry
Industry Median: 1.38 vs CUK: 0.49

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Carnival's adjusted book value per share data for the three months ended in Feb. 2024 was $5.271. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $31.08 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carnival Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Carnival's Cyclically Adjusted PB 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.

* Premium members only.

Carnival Cyclically Adjusted PB Ratio Chart

Carnival Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.35 0.38 0.28 0.42

Carnival Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted PB 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 0.31 0.31 0.45 0.42 0.46

Competitive Comparison of Carnival's Cyclically Adjusted PB Ratio

For the Leisure subindustry, Carnival's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Carnival's Cyclically Adjusted PB Ratio falls into.



Carnival Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Carnival's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.89/31.08
=0.48

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Carnival's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=5.271/130.8000*130.8000
=5.271

Current CPI (Feb. 2024) = 130.8000.

Carnival Quarterly Data

Book Value per Share CPI Adj_Book
201405 31.358 99.600 41.181
201408 32.375 99.900 42.389
201411 31.148 99.900 40.782
201502 30.007 99.500 39.446
201505 126.240 100.100 164.957
201508 31.302 100.300 40.821
201511 30.770 100.300 40.127
201602 29.949 100.100 39.134
201605 30.592 100.800 39.697
201608 31.370 101.200 40.545
201611 31.116 101.800 39.980
201702 31.215 102.400 39.872
201705 31.702 103.500 40.064
201708 33.508 104.000 42.143
201711 33.726 104.700 42.133
201802 34.059 104.900 42.468
201805 33.651 105.900 41.563
201808 35.198 106.500 43.229
201811 35.115 106.900 42.966
201902 35.057 106.800 42.935
201905 34.903 107.900 42.311
201908 36.816 108.300 44.465
201911 37.087 108.500 44.709
202002 35.467 108.600 42.717
202005 30.426 108.600 36.646
202008 22.757 108.800 27.359
202011 18.910 109.100 22.671
202102 17.498 109.400 20.921
202105 15.786 111.000 18.602
202108 13.100 112.100 15.285
202111 10.687 114.100 12.251
202202 9.045 115.400 10.252
202205 7.239 119.700 7.910
202208 6.654 121.800 7.146
202211 5.608 124.800 5.878
202302 4.887 126.000 5.073
202305 4.631 129.100 4.692
202308 5.497 129.400 5.556
202311 5.436 130.000 5.469
202402 5.271 130.800 5.271

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Carnival  (NYSE:CUK) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Carnival Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Carnival's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Carnival (Carnival) Business Description

Address
Carnival House, 100 Harbour Parade, Southampton, Hampshire, GBR, S015 1ST
Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. 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; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to COVID-19, a level it has reached again in 2023.
Executives
David Bernstein officer: Sr. Vice President & CFO 3655 NW 87TH AVENUE, MIAMI FL 33178
Randall J Weisenburger director C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019
Bettina Alejandra Deynes officer: Chief Human Resources Officer 92 SW 3RD STREET, UNIT 4812, MIAMI FL 33130
Bessemer Trust Co Of Delaware, N.a. 10 percent owner, other: See Remarks 20 MONTCHANIN ROAD, SUITE 1500, WILMINGTON DE 19807
Sara Mathew director CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
William Richard Burke officer: Chief Maritime Officer 6301 COLLINS AVENUE, APT. 1903, MIAMI BEACH FL 33141
Joshua Ian Weinstein director, officer: President & CEO 3273 COACOOCHEE STREET, MIAMI FL 33133
Sir John Parker director
Arnold W Donald director C/O CARNIVAL CORPORATION, 3655 N.W. 87TH AVENUE, MIAMI FL 33178
Michael Olaf Thamm officer: CEO - Costa Crociere COSTA CROCIERE SPA, PIAZZA PICCAPIETRA, 48, GENOVA L6 16121
Enrique Miguez officer: General Counsel 3600 DURANGO STREET, CORAL GABLES FL 33134
Arnaldo Perez officer: SVP, Gen Counsel & Secretary 3655 NW 87TH AVE, C/O CARNIVAL CORP, MIAMI FL 33178-2428
Peter C. Anderson officer: Chief Ethics & Compliance 1541 BRICKELL AVENUE, UNIT B-2604, MIAMI FL 33129
Richard Glasier director 219 PIASA ST, ALTON IL 62002
Jeffrey J Gearhart director 702 SOUTHWEST 8TH STREET, BENTONVILLE AR 72716-0215