Is the Carnival share price good value at 3,525p?

Carnival (LON:CCL) is a large cap cruise company with operations in North America, and Europe, Australia & Asia (EAA). The group is a giant in its area, with a market cap of £23.9bn and sales of £15.6bn. Its proven brands allow it to generate a healthy net margin of 16.5%.

Right now the Carnival share price appears to represent solid value, as shown in the group's Value Rank of 64. Let's explore this in more detail.

Digging into Carnival's Value Rank

Looking at Carnival's StockReport, we can see that the group has a:

• Rolling price to book value of 1.20,
• Trailing twelve month price to earnings ratio of 9.33
• Trailing twelve month price to free cashflow of 27.2
• Rolling dividend yield of 4.69%
• Trailing twelve-month price to sales ratio of 1.48

This combination of financial traits suggests that, while Carnival stock is not the cheapest, it is far from expensive at these levels and is worth considering - especially if it is exposed to other positive stock market factors as well.

What does this mean for potential investors?

Some of the best quality stocks in the market have defensible models that can deliver high levels of shareholder returns over the long term. But there are no guarantees and it's important to do your own research. Indeed, we've identified some areas of concern with Carnival that you can find out about here.