Norwegian Cruise Line Holdings Ltd. NCLH
- Market cap
- $6.6B
- P/E
- 8.7×
Follow NCLH
Norwegian Cruise Line Holdings Ltd. (NCLH) P/B ratio
As of 25 September 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 2.6× and above the Consumer Cyclical sector median of 1.6×.
P/B ratio, daily
Annual
| 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
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 3.8× | 7.26% |
| Mar 2026 | 3.5× | (22.48%) |
| Dec 2025 | 4.5× | (10.56%) |
| Sep 2025 | 5.1× | (12.22%) |
| 42 more quarters | Free account |
Against its own ten years
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 | 1.0× |
| PRSU Pursuit Attractions and Hospitality, Inc. compare | 2.2× |
| CCL Carnival Corporation compare | 2.4× |
| NCLH Norwegian Cruise Line Holdings Ltd. | 2.6× |
| GBTG Global Business Travel Group, Inc. compare | 3.0× |
| EXPE Expedia Group, Inc. compare | 12.9× |
| Travel Services industry median | 2.6× |
| Consumer Cyclical sector median | 1.6× |
| Market median | 1.8× |
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))
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
- Price to free cash flow
- EV/EBITDA
- 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