Norwegian Cruise Line Holdings Ltd. NCLH

14.61 0.42 2.96% as of 25 Sep
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

Against its own ten years

Low 0.0× High 32.9×
Ten-year median 9.8×
Current reading's percentile 29

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)

The full definition of EV/EBITDA →

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