Carnival Corporation Ltd. (CCL) Fair Value 2026

CCL · Travel Services ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.2 /10

32 fundamental signals · 11 models active

Value Trap Risk

SAFE (0/100)

Quick Summary — As of 2026-08-28, Carnival Corporation Ltd. (CCL) trades at $24.76, versus a $23.76 median fair value across its 11 active models — 4.1% below the current price. QOC: 8.2/10. Value Trap Risk: 0/100 (SAFE). 11/13 models active. Within that set, the Bayesian DCF component alone returns $13.19.

Key Facts

Ticker
CCL
Price
$24.76
Quality Score
8.2/10
Value Trap Risk
0/100
Models Active
11/13
Last Updated
Strength: First Chicago suggests +300.3% upside with 54% confidence
Risk: Majority of models suggest overvaluation

Is Carnival Corporation Ltd. (CCL) Undervalued or Overvalued in 2026?

According to CirclFi’s 11-model valuation engine, Carnival Corporation Ltd. (CCL) appears fairly valued as of : the median of 11 independent fair value estimates is $23.76, within 4.1% of the current price of $24.76. Estimates range from $6.60 to $99.11. CCL scores 8.2/10 on fundamental quality and 0/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. CCL’s -4.1% gap is narrower than that market norm, and the Travel Services sector median is -4.6%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Carnival Corporation Ltd. Stock in 2026? →

What Fair Value Does Each Model Give CCL?

11 Intrinsic Value Models vs. Current Price ($24.76)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $13.19 -46.7%
Ensemble · Low Conviction
 $23.76 -4.1%
Scenario · High Conviction
 $99.11 +300.3%
Intrinsic · High Conviction
 $14.85 -40.0%
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What Is CCL's Fair Value Range?

Spread across 11 independent models · $6.60 to $99.11

CirclFi's 11 active models place Carnival Corporation Ltd. (CCL) between $6.60 and $99.11 per share, a spread of 389% of the median. The median of that range — $23.76 — is the fair value CirclFi publishes for CCL, against a current price of $24.76.

Low · Dynamic NAVHigh · First Chicago
$6.60median $23.76$99.11
Where the range comes from
Most bearish modelDynamic NAV$6.60
Most bullish modelFirst Chicago$99.11
Model agreement4 bullish · 5 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for CCL. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on CCL, not a CirclFi price target. How each model works →

What Is Carnival Corporation Ltd. (CCL) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Carnival Corporation Ltd.'s intrinsic value is estimated at a median $23.76, showing conflicting signals at the current price of $24.76. While the median implied return is -4.1%, model disagreement is elevated with a gap of +373.6% between the most bullish and bearish estimates. The most optimistic model, First Chicago, places fair value at $99.11 (+300.3%), while Dynamic NAV — the most conservative — estimates $6.60 (-73.3%). This +373.6% gap reflects genuine analytical uncertainty about Carnival Corporation Ltd.'s intrinsic worth.

What Do the Models Say About CCL?

11 of 13 models are currently active for CCL. Of these, 4 models suggest upside while 7 models suggest overvaluation. Taken together, their median fair value for CCL is $23.76 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $13.19 on its own, implying -46.7% downside from the current price. See which stocks rank higher →

How Does CCL Rank in Travel Services?

Among 19 Travel Services stocks, CCL ranks #6 by Quality of Company score. CirclFi's QOC score of 8.2/10 evaluates 32 fundamental signals. A score of 8.2 places CCL in the top tier.

Carnival Corporation Ltd. operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is CCL a Value Trap?

CirclFi's Value Trap algorithm assigns CCL a score of 0/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

11 of 13 models are active for Carnival Corporation Ltd.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, Carnival Corporation Ltd. earns a quality score of 8.2/10. This robust rating reflects the company's standing across 32 fundamental signals spanning profitability, growth consistency, balance sheet strength, and capital allocation efficiency.

The gap between the most bullish and bearish model spans +373.6% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every CCL valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across CCL's 11 active models, average confidence is 41%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Carnival Corporation Ltd. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Travel Services Stocks Should You Also Analyze?

10 related Travel Services stocks with 13-model coverage

MMYTMakeMyTrip LimitedQOC 8.4RCLRoyal Caribbean Cruises Ltd.QOC 8.2TCOMTrip.com Group LimitedQOC 8.8PRSUPursuit Attractions and Hospitality, Inc.QOC 8.1BKNGBooking Holdings Inc.QOC 9.0TRIPTripadvisor, Inc.QOC 8.0TNLTravel + Leisure Co.QOC 7.7YTRAYatra Online, Inc.QOC 6.1ABNBAirbnb, Inc.QOC 9.5EXPEExpedia Group, Inc.QOC 9.0

Read investment analysis: MMYT · RCL · TCOM · PRSU · BKNG · TRIP · TNL · YTRA · ABNB · EXPE

Which Other Stocks Have a Similar Quality Score to CCL?

7 companies across all industries closest to CCL’s Quality of Company score of 8.2/10.

HFWAHeritage Financial CorporationQOC 8.2AHRAmerican Healthcare REIT, Inc.QOC 8.2PKBKParke Bancorp, Inc.QOC 8.2ATEXAnterix Inc.QOC 8.2HLTHilton Worldwide Holdings Inc.QOC 8.2OXYOccidental Petroleum CorporationQOC 8.2NVDANVIDIA CorporationQOC 10.0

Read investment analysis: HFWA · AHR · PKBK · ATEX · HLT · OXY · NVDA

What Else Do Investors Ask About Carnival Corporation Ltd.’s Valuation?

What is Carnival Corporation Ltd.'s intrinsic value in 2026?

CirclFi puts Carnival Corporation Ltd. (CCL)'s intrinsic value at $23.76 — the median of 11 independent model estimates as of 2026-08-28, ranging from $6.60 to $99.11. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $13.19 on its own. The Quality of Company score is 8.2/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is CCL overvalued or undervalued right now?

At $24.76, 4 of 11 active models suggest CCL may be undervalued, while 7 indicate potential overvaluation. The median of all 11 fair value estimates is $23.76, within 4.1% of the current price of $24.76 — a consensus view that CCL is fairly valued. The assessment depends on which methodology best fits Carnival Corporation Ltd.'s business model in Travel Services.

What does a Quality of Company score of 8.2 mean for CCL?

Carnival Corporation Ltd.'s QOC of 8.2/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on CCL?

CirclFi analyzes CCL with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 11 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on CCL?

Of the 11 models currently active on CCL, First Chicago is the most bullish at $99.11 per share, and Dynamic NAV is the most bearish at $6.60. CirclFi's published fair value for CCL is the median of that range, $23.76, not either extreme. The gap between the two ends equals 389% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is CCL a value trap in 2026?

Carnival Corporation Ltd.'s Value Trap score is 0/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 11-model valuation engine, Carnival Corporation Ltd. (CCL) has a median fair value of $23.76 — within 4.1% of the current price of $24.76 — as of 2026-08-28.” Source: circlfi.com/stock/CCL/ · Methodology
Primary sources for this CCL valuation
  • Financial statements: Carnival Corporation Ltd. 10-K and 10-Q filings on SEC EDGAR (CIK 0000815097) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for CCL as of ; valuations recomputed .

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