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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. In the quarter to June 2026, revenue grew 4.89%, EPS grew 585.7%, free cash flow fell 62.0% and total debt rose 9.24%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

15.05 0.34 −2.21%
Market cap
$7.1B
P/E
9.0×
Fwd P/E
12.6×
Dividend yield
—
F-score
5/9
Altman Z
0.38
Beneish M
−2.59
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

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

Alert me on P/E ratio

As of 16 October 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a P/E ratio of 9.0×. Over the past ten years it has ranged from 0.0× (December 2023) to 56.2× (March 2024); the current reading is higher than 34% of that period. That is below the Travel Services industry median of 17.3× and below the Consumer Cyclical sector median of 17.3×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 23.7× 91.95%
FY2024 12.4× (74.34%)
FY2023 48.2× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 13.5× 36.83%
FY2018 9.9× (40.13%)
FY2017 16.5× 7.61%
FY2016 15.3× (50.80%)

Quarterly newest first

Period P/E ratio Change
Jun 2026 12.6× (14.83%)
Mar 2026 14.8× (37.50%)
Dec 2025 23.7× 43.64%
Sep 2025 16.5× 33.68%
42 more quarters

Against its own ten years

Low 0.0× High 56.2×
Ten-year median 12.9×
Current reading's percentile 4

P/E ratio against peers

Company P/E ratio
LIND Lindblad Expeditions compare n/m
TCOM Trip.com Group Limited Sponsored ADR compare 7.7×
NCLH Norwegian Cruise Line Holdings Ltd. 9.0×
CCL Carnival Corporation compare 11.2×
TNL Travel + Leisure Co. compare 17.2×
EXPE Expedia Group, Inc. compare 17.3×
VIK Viking Holdings Ltd. compare 27.5×
PRSU Pursuit Attractions and Hospitality, Inc. compare 40.8×
MMYT MakeMyTrip Limited compare 133×
Travel Services industry median 17.3×
Consumer Cyclical sector median 17.3×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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