Viking Holdings Ltd.

VIK Consumer Cyclical Travel Services

Viking Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $6.5 billion, up 21.9% from fiscal 2024.

Revenue
+16.5%
EPS
+33.3%
Free cash flow
−75.6%
Total debt
+9.47%

Quarter to June 2026, against a year earlier

86.53 4.64 −5.09%
Market cap
$38.5B
P/E
28.6×
Fwd P/E
27.2×
Dividend yield
—
F-score
8/9
Altman Z
2.05
Beneish M
−3.32
Dividend safety
n/a

Viking Holdings Ltd. (VIK) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Viking Holdings Ltd. (VIK) trades at a EV/EBITDA of 21.1×. Over the past ten years it has ranged from 8.6× (May 2024) to 26.8× (June 2026); the current reading is higher than 85% of that period. That is above the Travel Services industry median of 13.3× and above the Consumer Cyclical sector median of 9.8×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 18.8× 31.54%
FY2024 14.3× 66.76%
FY2023 8.6× 0.00%
FY2022 8.6× —

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 25.3× 33.09%
Mar 2026 19.0× 1.21%
Dec 2025 18.8× 2.73%
Sep 2025 18.3× 4.66%
10 more quarters

Against its own ten years

Low 8.6× High 26.8×
Ten-year median 18.1×
Current reading's percentile 85

EV/EBITDA against peers

Company EV/EBITDA
EXPE Expedia Group, Inc. compare 8.2×
CCL Carnival Corporation compare 8.5×
NCLH Norwegian Cruise Line Holdings Ltd. compare 8.6×
TCOM Trip.com Group Limited Sponsored ADR compare 12.8×
BKNG Booking Holdings Inc. compare 13.3×
RCL Royal Caribbean Cruises Ltd. compare 15.0×
VIK Viking Holdings Ltd. 21.1×
ABNB Airbnb, Inc. compare 29.5×
MMYT MakeMyTrip Limited compare 34.8×
Travel Services industry median 13.3×
Consumer Cyclical sector median 9.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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