Key Takeaways CCL trades at a forward P/E below peers, even as shares surged 35.3% in the past year.CCL sees record 2026-2027 bookings, high prices, strong deposits and expects same-ship yield growth in 2026.CCL faces cost inflation, higher dry-dock and regulatory costs, and Caribbean capacity pressure.Carnival Corporation & plc (CCL) is trading at a discount relative to its peers, with a forward 12-month price-to-earnings (P/E) ratio of just 12.94x. This is below the industry average of 17.18x and the broa ...