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Friday 6 November 2026 Export NCLH’s income statement to Excel — free account

Norwegian Cruise Line Holdings Ltd.

NCLH Consumer Cyclical Travel Services

Norwegian Cruise Line Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $9.8 billion, up 3.67% from fiscal 2024.

Revenue
+0.29%
EPS
+15.1%
Free cash flow
+85.5%
Total debt
+3.89%

Quarter to September 2026, against a year earlier

17.76 0.84 −4.52%
Market cap
$8.2B
P/E
9.8×
Fwd P/E
11.1×
Dividend yield
—
F-score
5/9
Altman Z
0.38
Beneish M
−2.59
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Norwegian Cruise Line Holdings Ltd. (NCLH) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a P/B ratio of 2.6×. Over the past ten years it has ranged from 0.0× (June 2023) to 628× (July 2023); the current reading is higher than 47% of that period. That is in line with the Travel Services industry median of 2.7× and above the Consumer Cyclical sector median of 1.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 4.5× (42.34%)
FY2024 7.9× (69.60%)
FY2023 25.8× (64.39%)
FY2022 72.6× 2,229.58%
FY2021 3.1× 109.43%
FY2020 1.5× (22.79%)
FY2019 1.9× 21.54%
FY2018 1.6× (27.27%)
FY2017 2.2× 1.78%
FY2016 2.1× (39.02%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.1× (43.25%)
Jun 2026 3.8× 7.26%
Mar 2026 3.5× (22.48%)
Dec 2025 4.5× (10.56%)
43 more quarters

Against its own ten years

Low 0.0× High 628×
Ten-year median 2.7×
Current reading's percentile 50

P/B ratio against peers

Company P/B ratio
LIND Lindblad Expeditions compare n/m
MMYT MakeMyTrip Limited compare n/m
TNL Travel + Leisure Co. compare n/m
TCOM Trip.com Group Limited Sponsored ADR compare 1.1×
PRSU Pursuit Attractions and Hospitality, Inc. compare 2.4×
NCLH Norwegian Cruise Line Holdings Ltd. 2.6×
CCL Carnival Corporation compare 2.8×
EXPE Expedia Group, Inc. compare 11.2×
VIK Viking Holdings Ltd. compare 23.4×
Travel Services industry median 2.7×
Consumer Cyclical sector median 1.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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