Norwegian Cruise Line Holdings Ltd. Ordinary Shares (NCLH) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Norwegian Cruise Line is the world's third-largest publicly traded cruise company by berths (around 75,000). It operates 35 ships across three brands—Norwegian, Oceania, and Regent Seven Seas—offer...
Norwegian Cruise Line Holdings Ltd. Ordinary Shares (NCLH) currently trades at a P/E ratio of 9.08 (historical range: 8.02–27.26, median: 16.49), placing it at the 7th percentile — cheap relative to its history, P/S ratio of 0.68 (range: 0.64–420.64, 1th percentile — cheap relative to its history), EV/EBITDA of 14.80 (range: 14.25–43.47, 7th percentile).
Norwegian Cruise Line Holdings Ltd. Ordinary Shares trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 9.08 | 16.49 | 7th | cheap relative to its history |
| P/S Ratio | 0.68 | 1.13 | 1th | cheap relative to its history |
| EV/EBITDA | 14.80 | 16.56 | 7th | cheap relative to its history |
| FCF Yield | 2.98% | 2.22% | 95th | cheap relative to its history |
Norwegian Cruise Line Holdings Ltd. Ordinary Shares (NCLH) Valuation & P/E History
Norwegian Cruise Line Holdings Ltd. Ordinary Shares (NCLH) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Water Transportation industry currently trading at $15.04 with a market capitalization of $6.9 billion. This page provides historical valuation analysis for NCLH based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 9.08 is below the historical median of 16.49, placing NCLH at the 7th percentile of its valuation range. The P/S ratio of 0.68 compares to a median of 1.13.
NCLH Valuation Metrics & Historical Range
The valuation table above shows Norwegian Cruise Line Holdings Ltd. Ordinary Shares's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether NCLH is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests NCLH is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Norwegian Cruise Line Holdings Ltd. Ordinary Shares.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is NCLH Overvalued or Undervalued?
Norwegian Cruise Line Holdings Ltd. Ordinary Shares trades well below its historical valuation range across most metrics. The overall valuation percentile of 5 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive NCLH is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full NCLH analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.NCLH trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.