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Norwegian Cruise Line Holdings (BSP:N1CL34) Cyclically Adjusted PB Ratio : 0.85 (As of May. 05, 2024)


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What is Norwegian Cruise Line Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-05), Norwegian Cruise Line Holdings's current share price is R$81.04. Norwegian Cruise Line Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$95.57. Norwegian Cruise Line Holdings's Cyclically Adjusted PB Ratio for today is 0.85.

The historical rank and industry rank for Norwegian Cruise Line Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:N1CL34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 1.27   Max: 4.45
Current: 0.86

During the past years, Norwegian Cruise Line Holdings's highest Cyclically Adjusted PB Ratio was 4.45. The lowest was 0.47. And the median was 1.27.

BSP:N1CL34's Cyclically Adjusted PB Ratio is ranked better than
63.22% of 590 companies
in the Travel & Leisure industry
Industry Median: 1.39 vs BSP:N1CL34: 0.86

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Norwegian Cruise Line Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was R$4.203. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$95.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Norwegian Cruise Line Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Norwegian Cruise Line Holdings's Cyclically Adjusted PB Ratio 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.

* Premium members only.

Norwegian Cruise Line Holdings Cyclically Adjusted PB Ratio Chart

Norwegian Cruise Line Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.30 1.37 1.05 0.61 1.05

Norwegian Cruise Line Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 0.68 1.10 0.84 1.05 1.12

Competitive Comparison of Norwegian Cruise Line Holdings's Cyclically Adjusted PB Ratio

For the Travel Services subindustry, Norwegian Cruise Line Holdings's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Norwegian Cruise Line Holdings's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Norwegian Cruise Line Holdings's Cyclically Adjusted PB Ratio falls into.



Norwegian Cruise Line Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Norwegian Cruise Line Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=81.04/95.57
=0.85

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Norwegian Cruise Line Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=4.203/129.4194*129.4194
=4.203

Current CPI (Mar. 2024) = 129.4194.

Norwegian Cruise Line Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 29.540 100.560 38.018
201409 32.804 100.428 42.274
201412 40.840 99.070 53.351
201503 47.581 99.621 61.813
201506 50.798 100.684 65.296
201509 66.664 100.392 85.940
201512 64.407 99.792 83.529
201603 63.983 100.470 82.419
201606 62.094 101.688 79.028
201609 64.973 101.861 82.551
201612 66.974 101.863 85.092
201703 63.472 102.862 79.859
201706 72.126 103.349 90.320
201709 75.928 104.136 94.363
201712 82.902 104.011 103.154
201803 82.299 105.290 101.160
201806 96.870 106.317 117.920
201809 114.907 106.507 139.627
201812 106.394 105.998 129.903
201903 105.302 107.251 127.068
201906 110.039 108.070 131.778
201909 121.468 108.329 145.116
201912 125.507 108.420 149.816
202003 99.641 108.902 118.414
202006 87.780 108.767 104.447
202009 80.089 109.815 94.387
202012 70.970 109.897 83.577
202103 66.678 111.754 77.218
202106 50.555 114.631 57.077
202109 41.133 115.734 45.997
202112 32.997 117.630 36.304
202203 17.901 121.301 19.099
202206 10.861 125.017 11.243
202209 4.975 125.227 5.142
202212 0.854 125.222 0.883
202303 -1.222 127.348 -1.242
202306 0.174 128.729 0.175
202309 5.093 129.860 5.076
202312 3.464 129.419 3.464
202403 4.203 129.419 4.203

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Norwegian Cruise Line Holdings  (BSP:N1CL34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Norwegian Cruise Line Holdings Cyclically Adjusted PB Ratio Related Terms

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Norwegian Cruise Line Holdings (BSP:N1CL34) Business Description

Traded in Other Exchanges
Address
7665 Corporate Center Drive, Miami, FL, USA, 33126
Norwegian Cruise Line is the world's third-largest cruise company by berths (at more than 66,000), operating 31 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. The company had redeployed its entire fleet as of May 2022. With six passenger vessels on order among its brands through 2028 (representing 16,500 incremental berths), Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.

Norwegian Cruise Line Holdings (BSP:N1CL34) Headlines

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