Norwegian Cruise Line Holdings (WBO:NCLH) Construction In Progress: €0 Mil (As of Mar. 2026)


WBO:NCLH Norwegian Cruise Line Holdings Ltd WBO:NCLH
70 GF Score
Price €18.53
GF Value €19.32
Valuation Fairly Valued
! 7 Warning Signs
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What is Norwegian Cruise Line Holdings Construction In Progress?

Norwegian Cruise Line Holdings WBO:NCLH -2.46% 70 Construction In Progress is €0 Mil as of Mar. 2026. GuruFocus rates WBO:NCLH with a GF Score™ of 70/100 and a GF Value™ of €19.32 (Fairly Valued). The stock has 7 warning signs investors should review.

Norwegian Cruise Line Holdings's quarterly construction in progress increased from Sep. 2025 (€0 Mil) to Dec. 2025 (€1,129 Mil) but then declined from Dec. 2025 (€1,129 Mil) to Mar. 2026 (€0 Mil).

Norwegian Cruise Line Holdings's annual construction in progress increased from Dec. 2023 (€503 Mil) to Dec. 2024 (€1,092 Mil) and increased from Dec. 2024 (€1,092 Mil) to Dec. 2025 (€1,129 Mil).

Norwegian Cruise Line Holdings Construction In Progress Historical Data

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The historical data trend for Norwegian Cruise Line Holdings's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Norwegian Cruise Line Holdings Construction In Progress Chart

Norwegian Cruise Line Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 738.07 822.99 502.68 1,092.24 1,128.50

Norwegian Cruise Line Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 1,128.50 0.00
WBO:NCLH
70GF Score
Norwegian Cruise Line Holdings Ltd WBO:NCLH
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Cruise Line Holdings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €0 Mil mean?
Norwegian Cruise Line Holdings (WBO:NCLH) has a Construction In Progress of €0 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Norwegian Cruise Line Holdings and its competitors.
Is Norwegian Cruise Line Holdings' Construction In Progress too high?
Norwegian Cruise Line Holdings' current Construction In Progress is €0 Mil. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' Construction In Progress compare to MMYT and GBTG?
Norwegian Cruise Line Holdings' Construction In Progress of €0 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Travel & Leisure company?
A good Construction In Progress depends on the Travel & Leisure industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Norwegian Cruise Line Holdings and its competitors. Norwegian Cruise Line Holdings's current Construction In Progress is €0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Cruise Line Holdings stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Cruise Line Holdings (WBO:NCLH) is currently considered Fairly Valued. The stock's GF Value™ is €19.32, compared to a current price of €18.53 — trading 4.1% below its estimated fair value. The current Construction In Progress is €0 Mil. Norwegian Cruise Line Holdings' overall GF Score™ is 70/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (WBO:NCLH), the current Construction In Progress is €0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Norwegian Cruise Line Holdings (WBO:NCLH) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Cruise Line Holdings stock appears to be undervalued. The current stock price of €18.53 is trading 4.1% below its estimated GF Value™ of €19.32. GuruFocus considers Norwegian Cruise Line Holdings to be Fairly Valued.

Key valuation signals for WBO:NCLH:

  • Construction In Progress: €0 Mil
  • GF Value™: €19.32 vs. price of €18.53 (4.1% below fair value)
  • GF Score™: 70/100 with 7 warning signs

No single metric tells the full story. See the WBO:NCLH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Norwegian Cruise Line Holdings Business Description

Address 7665 Corporate Center Drive, Miami, FL, USA, 33126
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—offering both freestyle and luxury cruising. The company redeployed its entire fleet as of May 2022. With 16 passenger vessels on order among its brands through 2037, representing 43,000 incremental berths, Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.
70GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€18.53
Price
€19.32
GF Value