Norwegian Cruise Line Holdings Ltd. (NCLH) Stock Analysis

Company Overview

Norwegian Cruise Line Holdings Ltd. (NCLH) is capitalised at $7.15B 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 $14.53 to $27.18. NCLH last closed at $15.57 on September 4, 2026. That is −$0.02 (−0.13%) against the previous close. The latest close sits 7.16% 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%. That is 0.7 percentage points above the Travel Services median of 6.77%. Earnings per share on a trailing basis come to 1.65.

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 9.44 times earnings. That is 49.6% below the Travel Services median of 18.73. The forward P/E on file is 9.2. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.3. The price-to-sales ratio is 0.7. On price-to-sales that is 62.86% below the Travel Services median of 1.9. The medians here are taken across 20 Travel Services companies that report the metric.

Over the trailing twelve months the price has returned −39.16%. Across 10 years the annualized return works out at −7.94%. Beta against the wider market is reported at 1.88. Daily returns over the trailing 10 years annualize to a volatility of 62.09%.

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 price is −30.24%.