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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/S ratio

Alert me on P/S ratio

As of 16 October 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a P/S ratio of 0.7×. Over the past ten years it has ranged from 0.3× (March 2020) to 463× (July 2021); the current reading is higher than 3% of that period. That is below the Travel Services industry median of 2.7× and in line with the Consumer Cyclical sector median of 0.7×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 1.0× (13.77%)
FY2024 1.2× 29.91%
FY2023 0.9× (11.52%)
FY2022 1.0× (91.21%)
FY2021 11.7× 131.11%
FY2020 5.1× 160.53%
FY2019 1.9× 24.43%
FY2018 1.6× (32.78%)
FY2017 2.3× 16.49%
FY2016 2.0× (34.76%)

Quarterly newest first

Period P/S ratio Change
Jun 2026 1.0× 12.12%
Mar 2026 0.9× (16.43%)
Dec 2025 1.0× (11.11%)
Sep 2025 1.1× 20.98%
42 more quarters

Against its own ten years

Low 0.3× High 463×
Ten-year median 1.9×
Current reading's percentile 4

P/S ratio against peers

Company P/S ratio
NCLH Norwegian Cruise Line Holdings Ltd. 0.7×
TNL Travel + Leisure Co. compare 1.0×
CCL Carnival Corporation compare 1.3×
EXPE Expedia Group, Inc. compare 2.2×
TCOM Trip.com Group Limited Sponsored ADR compare 2.6×
LIND Lindblad Expeditions compare 2.7×
PRSU Pursuit Attractions and Hospitality, Inc. compare 3.2×
MMYT MakeMyTrip Limited compare 4.3×
VIK Viking Holdings Ltd. compare 5.3×
Travel Services industry median 2.7×
Consumer Cyclical sector median 0.7×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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