Norwegian Cruise Line Holdings Ltd. (NCLH) Stock Analysis

Company Overview

Norwegian Cruise Line Holdings Ltd. (NCLH) is capitalised at $7.16B on the latest close. The company sits in the Consumer Cyclical sector, in the Travel Services industry. The company reports 44,500 employees.

The 52-week range on file runs from $13.63 to $25.13. NCLH last closed at $15.59 on October 21, 2026. That is −$0.06 (−0.38%) against the previous close. The latest close sits 14.38% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $9.83B. Against the prior fiscal year total of $9.48B, that is a change of +3.67%. The same year closed with net income of $423.25M. That is −53.50% against the prior fiscal year. The reported profit margin is 7.49%. Earnings per share on a trailing basis come to 1.62.

Across the 4 fiscal years on file, revenue moves from $4.84B in 2022 to $9.83B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 9.62 times earnings. That is 47.6% below the Travel Services median of 18.36. The forward P/E on file is 10.39. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.31. The price-to-sales ratio is 0.7. On price-to-sales that is 0.3 times the Travel Services median of 2.18. The medians here are taken across 18 Travel Services companies that report the metric.

Over the trailing twelve months the total return is −34.82%. Across 10 years the annualized return works out at −8.52%. Beta against the wider market is reported at 1.96. Daily returns over the trailing 10 years annualize to a volatility of 62.17%.

Growth & Income

The record shows no dividend for NCLH.

Across the complete calendar years on file, 2023 returned +63.73% and 2020 returned −56.46%. Of the 9 complete calendar years on file, 4 finished higher. So far in 2026 the total return is −30.15%.