Carnival PLC (CCL) - Net Assets

Latest as of February 2026: GBX13.01 Billion GBX ≈ $1.58 Million USD

Based on the latest financial reports, Carnival PLC (CCL) has net assets worth GBX13.01 Billion GBX (≈ $1.58 Million USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX51.42 Billion ≈ $6.26 Million USD) and total liabilities (GBX38.41 Billion ≈ $4.67 Million 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 CCL intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX13.01 Billion
% of Total Assets	25.3%
Annual Growth Rate	11.02%
5-Year Change	1.05%
10-Year Change	-45.69%
Growth Volatility	37.01

Carnival PLC - Net Assets Trend (1986–2025)

This chart illustrates how Carnival PLC's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Carnival PLC to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Carnival PLC (1986–2025)

The table below shows the annual net assets of Carnival PLC from 1986 to 2025. For live valuation and market cap data, see Carnival PLC stock valuation.

Year	Net Assets	Change
2025-11-30	GBX12.27 Billion ≈ $1.49 Million	+32.66%
2024-11-30	GBX9.25 Billion ≈ $1.13 Million	+34.42%
2023-11-30	GBX6.88 Billion ≈ $837.34K	-2.58%
2022-11-30	GBX7.06 Billion ≈ $859.48K	-41.84%
2021-11-30	GBX12.14 Billion ≈ $1.48 Million	-40.91%
2020-11-30	GBX20.55 Billion ≈ $2.50 Million	-18.96%
2019-11-30	GBX25.36 Billion ≈ $3.09 Million	+3.77%
2018-11-30	GBX24.44 Billion ≈ $2.97 Million	+0.94%
2017-11-30	GBX24.22 Billion ≈ $2.95 Million	+7.16%
2016-11-30	GBX22.60 Billion ≈ $2.75 Million	-4.94%
2015-11-30	GBX23.77 Billion ≈ $2.89 Million	-2.13%
2014-11-30	GBX24.29 Billion ≈ $2.96 Million	-1.09%
2013-11-30	GBX24.56 Billion ≈ $2.99 Million	+2.62%
2012-11-30	GBX23.93 Billion ≈ $2.91 Million	+0.41%
2011-11-30	GBX23.83 Billion ≈ $2.90 Million	+3.48%
2010-11-30	GBX23.03 Billion ≈ $2.80 Million	+4.52%
2009-11-30	GBX22.04 Billion ≈ $2.68 Million	+15.38%
2008-11-30	GBX19.10 Billion ≈ $2.32 Million	-4.33%
2007-11-30	GBX19.96 Billion ≈ $2.43 Million	+9.63%
2006-11-30	GBX18.21 Billion ≈ $2.22 Million	+7.29%
2005-11-30	GBX16.97 Billion ≈ $2.07 Million	+7.69%
2004-11-30	GBX15.76 Billion ≈ $1.92 Million	+14.26%
2003-11-30	GBX13.79 Billion ≈ $1.68 Million	+85.94%
2002-11-30	GBX7.42 Billion ≈ $902.54K	+12.55%
2001-11-30	GBX6.59 Billion ≈ $801.91K	+12.27%
2000-11-30	GBX5.87 Billion ≈ $714.28K	-1.02%
1999-11-30	GBX5.93 Billion ≈ $721.66K	+34.25%
1998-11-30	GBX4.42 Billion ≈ $537.56K	+22.55%
1997-11-30	GBX3.61 Billion ≈ $438.64K	+18.95%
1996-11-30	GBX3.03 Billion ≈ $368.77K	+29.26%
1995-11-30	GBX2.34 Billion ≈ $285.30K	+21.56%
1994-11-30	GBX1.93 Billion ≈ $234.70K	+18.54%
1993-11-30	GBX1.63 Billion ≈ $197.98K	+17.50%
1992-11-30	GBX1.38 Billion ≈ $168.49K	+18.25%
1991-11-30	GBX1.17 Billion ≈ $142.49K	+13.03%
1990-11-30	GBX1.04 Billion ≈ $126.06K	+16.00%
1989-11-30	GBX893.20 Million ≈ $108.68K	+18.73%
1988-11-30	GBX752.30 Million ≈ $91.53K	+18.38%
1987-11-30	GBX635.50 Million ≈ $77.32K	+205.82%
1986-11-30	GBX207.80 Million ≈ $25.28K	--

Equity Component Analysis

This analysis shows how different components contribute to Carnival 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 grown by 2409.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (November 2025)

Component	Amount	Percentage
Retained Earnings	GBX4.81 Billion	39.22%
Common Stock	GBX373.68 Million	3.04%
Other Comprehensive Income	GBX-1.81 Billion	-14.73%
Other Components	GBX8.89 Billion	72.47%
Total Equity	GBX12.27 Billion	100.00%

Carnival PLC Competitors by Market Cap

The table below lists competitors of Carnival PLC ranked by their market capitalization.

Company	Market Cap
Inbest Prime IV Inmuebles SOCIMI S.A. MC:YINB4	$33.85 Million
Hae In KO:003010	$33.86 Million
Dacome International Ltd TWO:9960	$33.87 Million
Gol Linhas Aéreas Inteligentes S.A NYSE:GOLLQ	$33.88 Million
Urbanfund Corp V:UFC	$33.83 Million
Lite Strategy, Inc. NASDAQ:LITS	$33.83 Million
K Way Information TWO:5201	$33.81 Million
Dynamic Precision Industry TWO:8928	$33.81 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Carnival 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 12,273,000,000, a change of 3,021,000,000 (32.7%).
Net income of 2,760,000,000 contributed positively to equity growth.
Other comprehensive income increased equity by 167,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX2.76 Billion	+22.49%
Other Comprehensive Income	GBX167.00 Million	+1.36%
Other Changes	GBX94.00 Million	+0.77%
Total Change	GBX-	32.65%

Book Value vs Market Value Analysis

This analysis compares Carnival 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: 217.45x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 3978.26x to 217.45x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1986-11-30	GBX0.48	GBX1903.50	x
1987-11-30	GBX1.18	GBX1903.50	x
1988-11-30	GBX1.40	GBX1903.50	x
1989-11-30	GBX1.64	GBX1903.50	x
1990-11-30	GBX1.90	GBX1903.50	x
1991-11-30	GBX2.08	GBX1903.50	x
1992-11-30	GBX2.45	GBX1903.50	x
1993-11-30	GBX2.88	GBX1903.50	x
1994-11-30	GBX3.41	GBX1903.50	x
1995-11-30	GBX4.04	GBX1903.50	x
1996-11-30	GBX5.23	GBX1903.50	x
1997-11-30	GBX6.22	GBX1903.50	x
1998-11-30	GBX7.18	GBX1903.50	x
1999-11-30	GBX9.59	GBX1903.50	x
2000-11-30	GBX9.73	GBX1903.50	x
2001-11-30	GBX11.17	GBX1903.50	x
2002-11-30	GBX12.27	GBX1903.50	x
2003-11-30	GBX18.82	GBX1903.50	x
2004-11-30	GBX19.04	GBX1903.50	x
2005-11-30	GBX20.34	GBX1903.50	x
2006-11-30	GBX22.13	GBX1903.50	x
2007-11-30	GBX24.11	GBX1903.50	x
2008-11-30	GBX23.40	GBX1903.50	x
2009-11-30	GBX27.41	GBX1903.50	x
2010-11-30	GBX28.61	GBX1903.50	x
2011-11-30	GBX30.21	GBX1903.50	x
2012-11-30	GBX30.72	GBX1903.50	x
2013-11-30	GBX31.60	GBX1903.50	x
2014-11-30	GBX31.22	GBX1903.50	x
2015-11-30	GBX30.51	GBX1903.50	x
2016-11-30	GBX30.25	GBX1903.50	x
2017-11-30	GBX33.40	GBX1903.50	x
2018-11-30	GBX34.43	GBX1903.50	x
2019-11-30	GBX36.65	GBX1903.50	x
2020-11-30	GBX26.52	GBX1903.50	x
2021-11-30	GBX10.81	GBX1903.50	x
2022-11-30	GBX5.99	GBX1903.50	x
2023-11-30	GBX5.45	GBX1903.50	x
2024-11-30	GBX6.62	GBX1903.50	x
2025-11-30	GBX8.75	GBX1903.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Carnival 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): 22.49%
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 (22.49%) is above the historical average (8.39%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1986	47.02%	23.22%	0.80x	2.54x	GBX76.92 Million
1987	24.04%	27.09%	0.60x	1.48x	GBX89.25 Million
1988	26.11%	32.75%	0.57x	1.40x	GBX121.17 Million
1989	21.67%	16.87%	0.52x	2.49x	GBX104.28 Million
1990	19.90%	14.82%	0.52x	2.59x	GBX102.59 Million
1991	7.26%	6.05%	0.53x	2.26x	GBX-32.11 Million
1992	19.97%	18.77%	0.56x	1.91x	GBX138.12 Million
1993	19.56%	20.44%	0.48x	1.98x	GBX155.48 Million
1994	19.79%	21.14%	0.49x	1.90x	GBX188.87 Million
1995	19.24%	22.58%	0.49x	1.75x	GBX216.60 Million
1996	18.68%	25.59%	0.43x	1.68x	GBX263.21 Million
1997	18.48%	27.21%	0.45x	1.51x	GBX305.54 Million
1998	19.51%	27.78%	0.42x	1.68x	GBX407.34 Million
1999	17.32%	29.27%	0.42x	1.40x	GBX433.88 Million
2000	16.44%	25.46%	0.39x	1.67x	GBX377.94 Million
2001	14.05%	20.36%	0.39x	1.75x	GBX266.92 Million
2002	13.70%	23.18%	0.36x	1.66x	GBX274.21 Million
2003	8.61%	17.67%	0.27x	1.78x	GBX-192.30 Million
2004	11.76%	19.06%	0.35x	1.75x	GBX278.00 Million
2005	13.27%	20.31%	0.39x	1.68x	GBX555.80 Million
2006	12.52%	19.25%	0.39x	1.68x	GBX458.00 Million
2007	12.06%	18.48%	0.38x	1.71x	GBX411.70 Million
2008	12.17%	15.55%	0.45x	1.75x	GBX414.20 Million
2009	8.12%	13.30%	0.37x	1.67x	GBX-413.50 Million
2010	8.59%	13.67%	0.39x	1.63x	GBX-325.10 Million
2011	8.02%	12.11%	0.41x	1.62x	GBX-471.20 Million
2012	5.42%	8.44%	0.39x	1.64x	GBX-1.09 Billion
2013	4.30%	6.83%	0.39x	1.63x	GBX-1.40 Billion
2014	5.01%	7.66%	0.40x	1.63x	GBX-1.21 Billion
2015	7.39%	11.18%	0.40x	1.65x	GBX-620.10 Million
2016	12.30%	16.96%	0.42x	1.72x	GBX519.30 Million
2017	10.76%	14.88%	0.43x	1.68x	GBX184.40 Million
2018	12.90%	16.69%	0.45x	1.73x	GBX707.70 Million
2019	11.79%	14.36%	0.46x	1.78x	GBX453.50 Million
2020	-49.80%	-182.98%	0.10x	2.61x	GBX-12.29 Billion
2021	-78.23%	-497.96%	0.04x	4.39x	GBX-10.72 Billion
2022	-86.25%	-50.07%	0.24x	7.32x	GBX-6.80 Billion
2023	-1.08%	-0.34%	0.44x	7.14x	GBX-762.20 Million
2024	20.71%	7.66%	0.52x	5.22x	GBX990.80 Million
2025	22.49%	10.37%	0.52x	4.21x	GBX1.53 Billion

Industry Comparison

This section compares Carnival PLC's net assets metrics with peer companies in the Travel Services industry.

Industry Context

Industry: Travel Services
Average net assets among peers: $130,263,500
Average return on equity (ROE) among peers: -6.48%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Carnival PLC (CCL)	GBX13.01 Billion	47.02%	2.95x	$33.85 Million
Jet2 PLC (JET2)	$9.60 Million	16.93%	1.58x	$30.06 Million
On The Beach Group PLC (OTB)	$117.60 Million	18.28%	1.14x	$3.01 Million
Ten Lifestyle Group PLC (TENG)	$20.95 Million	-39.44%	0.64x	$1.08 Million
Trainline Plc (TRN)	$372.91 Million	-21.70%	0.88x	$10.19 Million

About Carnival PLC

LSE:CCL UK Travel Services

Market Cap

$33.85 Million

GBX278.18 Billion GBX

Market Cap Rank

#23409 Global

#198 in UK

Share Price

GBX1903.50

Change (1 day)

+0.00%

52-Week Range

GBX1528.50 - GBX2438.00

All Time High

GBX4832.46