US · USD
NCLH
Norwegian Cruise Line Holdings Ltd
- Day's range
- $14.84 – $15.34
- Day's volume
- $383M
- 52-week range
- $14.12 – $25.02
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See how NCLH weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountNCLH in numbers
- Market cap
- $6.9B
- P/E
- 9.08
- P/B
- 2.69
- Dividend yield (12m)
- 0.00%
NCLH trades at 9.08 times its earnings of the last 12 months.
NCLH price history
NCLH risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -18.47% | -1.44% | -22.86% |
| Volatility (annualized) | 45.27% | 48.18% | 56.69% |
| Largest drawdown | -40.86% | -48.29% | -49.18% |
| Positive months | 5/12 | 16/36 | 27/60 |
How much did investing in NCLH return?
$1,000.00 invested on 11/01/2021 would be worth $771.40 today.
- Value today in NCLH
- $771.40
- Return over the period
- -22.86%
- Return per year
- -5.13%
- In the S&P 500
- $1,708.29
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
NCLH fundamentals
Valuation
- P/E9.08
- P/B2.69
- EV/EBITDA2.55
- EV/EBIT4.51
- EV/Revenue0.68
- P/EBIT4.51
- P/S0.68
- P/OCF3.28
- P/FCF-5.83
- Earnings yield22.17%
- PEG ratio—
- Earnings per share$1.66
- Book value per share$5.60
Debt
- Net debt—
- Net debt/EBITDA—
- Net debt/Equity—
- Debt/Equity—
- Current ratio0.20
- Quick ratio0.17
- Cash ratio0.03
Efficiency
- Gross margin42.46%
- EBITDA margin26.69%
- Operating margin15.09%
- Net margin7.49%
- Asset turnover0.42
Profitability
- ROE29.57%
- ROA3.17%
- ROIC58.61%
- Payout0.00%
Growth
- Revenue CAGR (5 years)236.42%
- Earnings CAGR (5 years)—
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is NCLH's fair price?
Two classic value formulas, with today's numbers. The current price is $15.05.
- Graham's fair price
- $14.45
- 3.97% below the price
√(22.50 × $1.66 × $5.60)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to NCLH: it paid no distributions in the last five years.
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
NCLH's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 24.03 | 12.44 | 51.32 | -2.28 | -1.92 | -2.00 | 13.39 | 9.67 |
| P/B | 4.60 | 7.94 | 28.36 | 75.29 | 3.56 | 1.84 | 1.91 | 1.55 |
| EV/EBITDA | 3.73 | 4.64 | 4.70 | — | — | — | 9.97 | 5.17 |
| Earnings per share | $0.93 | $2.07 | $0.39 | -$5.38 | -$10.80 | -$12.71 | $4.36 | $4.39 |
| Book value per share | $4.85 | $3.24 | $0.71 | $0.16 | $5.83 | $13.79 | $30.56 | $27.39 |
| ROE | 19.15% | 63.86% | 55.25% | -3,309.33% | -185.25% | -92.15% | 14.28% | 16.01% |
| ROIC | 69.73% | 102.84% | 309.47% | -2,255.58% | -104.92% | -133.69% | 9.61% | 20.14% |
| Gross margin | 42.62% | 39.99% | 36.04% | 11.91% | -148.16% | -32.28% | 43.31% | — |
| EBITDA margin | 27.71% | 25.73% | 21.22% | -15.31% | -276.82% | -214.43% | 28.24% | 29.50% |
| Net margin | 4.31% | 9.60% | 1.94% | -46.86% | -695.48% | -313.50% | 14.39% | 15.77% |
| Net debt/EBITDA | — | — | — | — | — | — | 3.15 | — |
NCLH's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $9.8B | $9.5B | $8.5B | $4.8B | $648M | $1.3B |
| Cost of revenue | -$5.6B | -$5.7B | -$5.5B | -$4.3B | -$1.6B | -$1.7B |
| Gross profit | $4.2B | $3.8B | $3.1B | $576.7M | -$960.1M | -$413.2M |
| EBITDA | $2.7B | $2.4B | $1.8B | -$741.7M | -$1.8B | -$2.7B |
| EBIT | $1.6B | $1.5B | $930.9M | -$1.6B | -$2.6B | -$3.5B |
| Financial result | -$1.1B | -$693M | -$767.7M | -$724.9M | -$1.9B | -$515.9M |
| Income before tax | $428.7M | $772.9M | $163.2M | -$2.3B | -$4.5B | -$4B |
| Income tax | -$5.5M | $137.4M | $3M | $6.8M | -$5.3M | -$12.5M |
| Net income | $423.2M | $910.3M | $166.2M | -$2.3B | -$4.5B | -$4B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does NCLH pay dividends?
NCLH has no distributions on record.
About Norwegian Cruise Line Holdings
- Sector
- Transportation and utilities
Questions about NCLH
How much is NCLH today?
NCLH is at $15.05 (-2.97% on the day), last traded on 10/07/2026.
What are the P/E and P/B of NCLH?
NCLH trades at a P/E of 9.08 and a P/B of 2.69.
How much did NCLH return in 12 months?
NCLH returned -18.47% in 12 months, with annualized volatility of 45.27% and a largest drawdown of -40.86%.