Carnival Corporation & plc (POH1) - Net Assets
Based on the latest financial reports, Carnival Corporation & plc (POH1) has net assets worth €13.05 Billion EUR (≈ $15.26 Billion USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€51.57 Billion ≈ $60.29 Billion USD) and total liabilities (€38.52 Billion ≈ $45.03 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Carnival Corporation & plc (POH1) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €13.05 Billion |
| % of Total Assets | 25.3% |
| Annual Growth Rate | -5.98% |
| 5-Year Change | 1.15% |
| 10-Year Change | -45.64% |
| Growth Volatility | 23.46 |
Carnival Corporation & plc - Net Assets Trend (2014–2025)
This chart illustrates how Carnival Corporation & plc's net assets have evolved over time, based on quarterly financial data. See POH1 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Carnival Corporation & plc (2014–2025)
The table below shows the annual net assets of Carnival Corporation & plc from 2014 to 2025. For live valuation and market cap data, see POH1 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | €12.28 Billion ≈ $14.36 Billion |
+32.77% |
| 2024-11-30 | €9.25 Billion ≈ $10.82 Billion |
+34.44% |
| 2023-11-30 | €6.88 Billion ≈ $8.05 Billion |
-2.58% |
| 2022-11-30 | €7.06 Billion ≈ $8.26 Billion |
-41.83% |
| 2021-11-30 | €12.14 Billion ≈ $14.20 Billion |
-40.92% |
| 2020-11-30 | €20.55 Billion ≈ $24.03 Billion |
-18.96% |
| 2019-11-30 | €25.36 Billion ≈ $29.65 Billion |
+3.77% |
| 2018-11-30 | €24.44 Billion ≈ $28.58 Billion |
+0.94% |
| 2017-11-30 | €24.22 Billion ≈ $28.31 Billion |
+7.16% |
| 2016-11-30 | €22.60 Billion ≈ $26.42 Billion |
-4.94% |
| 2015-11-30 | €23.77 Billion ≈ $27.79 Billion |
-1.79% |
| 2014-11-30 | €24.20 Billion ≈ $28.30 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Carnival Corporation & plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 74.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.82 Billion | 39.21% |
| Other Components | €7.47 Billion | 60.79% |
| Total Equity | €12.28 Billion | 100.00% |
Carnival Corporation & plc Competitors by Market Cap
The table below lists competitors of Carnival Corporation & plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Advanced Technology & Materials Co Ltd
SHE:000969
|
$3.90 Billion |
|
CECEP Wind-Power Corp Co Ltd
SHG:601016
|
$3.90 Billion |
|
K.P.R. Mill Limited
NSE:KPRMILL
|
$3.90 Billion |
|
Shenzhen Goodix Technology Co Ltd Class A
SHG:603160
|
$3.90 Billion |
|
Quálitas Controladora S.A.B. de C.V.
MX:Q
|
$3.90 Billion |
|
Forehope Electronic (Ningbo) Co. Ltd. A
SHG:688362
|
$3.90 Billion |
|
Federated Investors Inc B
NYSE:FHI
|
$3.89 Billion |
|
Parq Arauco
SN:PARAUCO
|
$3.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carnival Corporation & plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,252,000,000 to 12,284,000,000, a change of 3,032,000,000 (32.8%).
- Net income of 2,760,000,000 contributed positively to equity growth.
- Other factors increased equity by 272,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.76 Billion | +22.47% |
| Other Changes | €272.00 Million | +2.21% |
| Total Change | €- | 32.77% |
Book Value vs Market Value Analysis
This analysis compares Carnival Corporation & plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.70x to 2.43x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | €32.55 | €22.74 | x |
| 2018-11-30 | €35.12 | €22.74 | x |
| 2019-11-30 | €35.75 | €22.74 | x |
| 2020-11-30 | €18.47 | €22.74 | x |
| 2021-11-30 | €10.37 | €22.74 | x |
| 2022-11-30 | €46.39 | €22.74 | x |
| 2023-11-30 | €5.43 | €22.74 | x |
| 2024-11-30 | €7.07 | €22.74 | x |
| 2025-11-30 | €9.36 | €22.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carnival Corporation & plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.37%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 4.21x
- Recent ROE (22.47%) is above the historical average (-9.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 5.02% | 7.66% | 0.40x | 1.63x | €-1.20 Billion |
| 2015 | 7.39% | 11.18% | 0.40x | 1.65x | €-620.10 Million |
| 2016 | 12.30% | 16.96% | 0.42x | 1.72x | €519.30 Million |
| 2017 | 10.76% | 14.88% | 0.43x | 1.68x | €184.40 Million |
| 2018 | 12.90% | 16.69% | 0.45x | 1.73x | €707.70 Million |
| 2019 | 11.79% | 14.36% | 0.46x | 1.78x | €453.50 Million |
| 2020 | -49.80% | -182.98% | 0.10x | 2.61x | €-12.29 Billion |
| 2021 | -78.24% | -497.96% | 0.04x | 4.39x | €-10.72 Billion |
| 2022 | -86.25% | -50.07% | 0.24x | 7.32x | €-6.80 Billion |
| 2023 | -1.08% | -0.34% | 0.44x | 7.14x | €-762.20 Million |
| 2024 | 20.71% | 7.66% | 0.51x | 5.30x | €990.80 Million |
| 2025 | 22.47% | 10.37% | 0.52x | 4.21x | €1.53 Billion |
Industry Comparison
This section compares Carnival Corporation & plc's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $27,383,848,764
- Average return on equity (ROE) among peers: -22.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carnival Corporation & plc (POH1) | €13.05 Billion | 5.02% | 2.95x | $3.90 Billion |
| Lastminute.com NV (09B) | $63.06 Million | -15.24% | 5.46x | $143.20 Million |
| Tuniu Corporation (0TUA) | $1.35 Billion | -96.88% | 1.37x | $6.32 Million |
| aovo Touristik AG (A8N) | $755.88K | -102.73% | 4.65x | $2.97 Million |
| Trip.com Group Limited (CLV) | $123.01 Billion | 8.06% | 0.78x | $28.08 Billion |
| TRIP.COM GROUP DL-00125 (CLVB) | $123.01 Billion | 8.06% | 0.78x | $28.46 Billion |
| EDREAMS ODIGEO UNS.ADR/10 (K0I) | $250.25 Million | 18.01% | 3.64x | $348.18 Million |
| MakeMyTrip Limited (MY1) | $862.29 Million | -51.93% | 0.26x | $4.08 Billion |
| Tongcheng Travel Holdings Ltd (TEM) | $-5.33 Billion | 0.00% | 0.00x | $4.16 Billion |
| TUI AG (TUI1) | $3.25 Billion | 31.94% | 3.45x | $4.03 Billion |
About Carnival Corporation & plc
Carnival Corporation Ltd., a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations and islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoach… Read more