Norwegian Cruise Line Holdings Ltd. NCLH
- Market cap
- $6.6B
- P/E
- 8.7×
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Norwegian Cruise Line Holdings Ltd. (NCLH) EV/EBITDA
As of 25 September 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a EV/EBITDA of 7.8×. Over the past ten years it has ranged from 0.0× (June 2023) to 32.9× (July 2023); the current reading is higher than 29% of that period. That is below the Travel Services industry median of 12.8× and below the Consumer Cyclical sector median of 9.4×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 9.0× | (9.31%) |
| FY2024 | 9.9× | (16.34%) |
| FY2023 | 11.8× | — |
| FY2022 | 0.0× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 10.5× | 18.45% |
| FY2018 | 8.8× | (25.66%) |
| FY2017 | 11.9× | 1.93% |
| FY2016 | 11.7× | (31.27%) |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 8.9× | 5.42% |
| Mar 2026 | 8.4× | (5.85%) |
| Dec 2025 | 9.0× | (7.65%) |
| Sep 2025 | 9.7× | 8.53% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| CCL Carnival Corporation compare | 7.2× |
| EXPE Expedia Group, Inc. compare | 7.7× |
| NCLH Norwegian Cruise Line Holdings Ltd. | 7.8× |
| TCOM Trip.com Group Limited Sponsored ADR compare | 11.0× |
| PRSU Pursuit Attractions and Hospitality, Inc. compare | 12.3× |
| TNL Travel + Leisure Co. compare | 14.2× |
| LIND Lindblad Expeditions compare | 19.7× |
| GBTG Global Business Travel Group, Inc. compare | 20.1× |
| MMYT MakeMyTrip Limited compare | 32.6× |
| Travel Services industry median | 12.8× |
| Consumer Cyclical sector median | 9.4× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on NCLH
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement