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

Norwegian Cruise Line Holdings Ltd.

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

17.88 0.12 +0.68%

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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 Segments Valuation Filings

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

Alert me on P/E ratio

As of 5 November 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a P/E ratio of 9.8×. Over the past ten years it has ranged from 0.0× (December 2023) to 56.2× (March 2024); the current reading is higher than 36% of that period. That is below the Travel Services industry median of 19.0× and below the Consumer Cyclical sector median of 18.1×.

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<iframe src="https://stockrow.com/embed/NCLH/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Norwegian Cruise Line Holdings Ltd. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NCLH/metrics/pe-ratio">Norwegian Cruise Line Holdings Ltd. (NCLH) P/E ratio — stockrow.com</a></p>

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%)

Period	P/E ratio	Change
Sep 2026	8.1×	(35.93%)
Jun 2026	12.6×	(14.83%)
Mar 2026	14.8×	(37.50%)
Dec 2025	23.7×	43.64%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 56.2×

Ten-year median 12.9×

Current reading's percentile 8

Company	P/E ratio
TCOM Trip.com Group Limited Sponsored ADR compare	8.2×
NCLH Norwegian Cruise Line Holdings Ltd.	9.8×
CCL Carnival Corporation compare	12.8×
EXPE Expedia Group, Inc. compare	15.6×
TNL Travel + Leisure Co. compare	19.7×
VIK Viking Holdings Ltd. compare	28.6×
PRSU Pursuit Attractions and Hospitality, Inc. compare	39.9×
MMYT MakeMyTrip Limited compare	120×
LIND Lindblad Expeditions compare	728×
Travel Services industry median	19.0×
Consumer Cyclical sector median	18.1×
Market median	17.9×

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 →

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

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on NCLH

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on NCLH

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