What Needs To Be True To Buy Carnival Stock Now?

Carnival Corporation (CCL) stock trades at 11.5 times its earnings over the past twelve months. That valuation sits at about half the S&P 500's 22.7 times. Investors are assigning this multiple to a company that just hit new highs in revenue and net income, according to a September 29 update from management. However, executives also cautioned that day that a booking setback earlier in 2026 has reached into bookings for 2027. So can Carnival keep earning more while it pays its debt down, and can