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Norwegian Cruise Line HoldingsNCLH -2.76%75 Earnings Yield (Joel Greenblatt) % is 6.57% as of Jun. 2026, which is 25% above its 10-year median of 5.26. GuruFocus rates NCLH with a GF Score™ of 75/100 and a GF Value™ of $21.55 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 857 Travel & Leisure companies, Norwegian Cruise Line Holdings ranks better than 63.24% on this metric.
Norwegian Cruise Line Holdings's Enterprise Value for the quarter that ended in Jun. 2026 was $24,510 Mil.
Norwegian Cruise Line Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $1,609 Mil. Norwegian Cruise Line Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 6.57%.
The historical rank and industry rank for Norwegian Cruise Line Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NCLH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.19 Med: 5.26 Max: 13.54
Current: 6.83
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Norwegian Cruise Line Holdings was 13.54%. The lowest was -23.19%. And the median was 5.26%.
NCLH's Earnings Yield (Joel Greenblatt) % is ranked better than 63.24% of 857
companies
in the Travel & Leisure industry
Industry Median: 4.8
vs NCLH: 6.83
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Norwegian Cruise Line Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
* 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 Earnings Yield (Joel Greenblatt) % Chart
For the Travel Services subindustry, Norwegian Cruise Line Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Norwegian Cruise Line Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Norwegian Cruise Line Holdings Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Norwegian Cruise Line Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Norwegian Cruise Line Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,609 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.57% mean?
Norwegian Cruise Line Holdings (NCLH) has a Earnings Yield (Joel Greenblatt) % of 6.57% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Norwegian Cruise Line Holdings and its competitors. This is 25% above median its historical median of 5.26. According to the industry distribution chart, Norwegian Cruise Line Holdings ranks #315 out of 857 companies in the Travel & Leisure industry, placing it in the top 36.8%.
Is Norwegian Cruise Line Holdings' Earnings Yield (Joel Greenblatt) % too high?
Norwegian Cruise Line Holdings' current Earnings Yield (Joel Greenblatt) % of 6.57% is 25% above median its 10-year median of 5.26. The Travel & Leisure industry median Earnings Yield (Joel Greenblatt) % is 4.80. Norwegian Cruise Line Holdings' value of 6.57% is 36.9% above this industry median. Based on the distribution chart, Norwegian Cruise Line Holdings ranks #315 out of 857 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' Earnings Yield (Joel Greenblatt) % compare to GBTG and MMYT?
According to the Travel & Leisure industry distribution chart, Norwegian Cruise Line Holdings ranks #315 out of 857 companies for Earnings Yield (Joel Greenblatt) %. This puts Norwegian Cruise Line Holdings in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.80. Norwegian Cruise Line Holdings' value of 6.57% is 36.9% above this benchmark. While the company's 10-year median is 5.26 vs. the industry median of 4.80, Norwegian Cruise Line Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Travel & Leisure company?
The median Earnings Yield (Joel Greenblatt) % among Travel & Leisure companies is 4.80, based on 857 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Cruise Line Holdings's current Earnings Yield (Joel Greenblatt) % of 6.57% is 36.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Norwegian Cruise Line Holdings and its competitors. For the Travel & Leisure industry, the median Earnings Yield (Joel Greenblatt) % is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Cruise Line Holdings's current Earnings Yield (Joel Greenblatt) % is 6.57%, which is 25% above median its own 10-year median of 5.26. 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 (NCLH) is currently considered Modestly Undervalued. The stock's GF Value™ is $21.55, compared to a current price of $19.01 — trading 11.8% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.57%, which is 25% above median its 10-year median of 5.26 and 36.9% above the Travel & Leisure industry median of 4.80. Norwegian Cruise Line Holdings' overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (NCLH), the current Earnings Yield (Joel Greenblatt) % is 6.57% as of Jun. 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 (NCLH) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Cruise Line Holdings stock appears to be undervalued.
The current stock price of $19.01 is trading 11.8% below its estimated GF Value™ of $21.55.
GuruFocus considers Norwegian Cruise Line Holdings to be Modestly Undervalued.
Key valuation signals for NCLH:
Earnings Yield (Joel Greenblatt) %: 6.57% (25% above median its 10-year median of 5.26)
GF Value™: $21.55 vs. price of $19.01 (11.8% below fair value)
Industry Position: 36.9% above the Travel & Leisure median (#315 of 857)
No single metric tells the full story. See the NCLH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
75GF Score
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