NCLH (Norwegian Cruise Line Holdings) EV-to-EBIT: 14.99 (As of Aug. 05, 2026) — Near Median

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NCLH Norwegian Cruise Line Holdings Ltd NCLH
75 GF Score
Price $20.26
GF Value $21.60
Valuation Fairly Valued
! 7 Warning Signs
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What is Norwegian Cruise Line Holdings EV-to-EBIT?

Norwegian Cruise Line Holdings NCLH +0.92% 75 EV-to-EBIT is 14.99 as of Aug. 05, 2026, which is 0% below its 10-year median of 15.04. GuruFocus rates NCLH with a GF Score™ of 75/100 and a GF Value™ of $21.60 (Fairly Valued). The stock has 7 warning signs investors should review. Among 638 Travel & Leisure companies, Norwegian Cruise Line Holdings ranks worse than 51.25% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Norwegian Cruise Line Holdings's Enterprise Value is $24,118 Mil. Norwegian Cruise Line Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $1,609 Mil. Therefore, Norwegian Cruise Line Holdings's EV-to-EBIT for today is 14.99.

The historical rank and industry rank for Norwegian Cruise Line Holdings's EV-to-EBIT or its related term are showing as below:

NCLH' s EV-to-EBIT Range Over the Past 10 Years
Min: -119.24   Med: 15.04   Max: 48.14
Current: 14.99

During the past 13 years, the highest EV-to-EBIT of Norwegian Cruise Line Holdings was 48.14. The lowest was -119.24. And the median was 15.04.

NCLH's EV-to-EBIT is ranked worse than
51.25% of 638 companies
in the Travel & Leisure industry
Industry Median: 14.66 vs NCLH: 14.99

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. 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 6.56%.


Norwegian Cruise Line Holdings  (NYSE:NCLH) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Norwegian Cruise Line Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=1608.869/24509.53149
=6.56 %

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 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,609 Mil.

* 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 EV-to-EBIT Related Terms


Norwegian Cruise Line Holdings EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Norwegian Cruise Line Holdings's EV-to-EBIT 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 EV-to-EBIT Chart

Norwegian Cruise Line Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.97 -12.09 24.91 15.94 17.77

Norwegian Cruise Line Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT 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 16.36 17.17 17.77 15.92 15.23

NCLH vs GBTG, MMYT, TNL: EV-to-EBIT Comparison

For the Travel Services subindustry, Norwegian Cruise Line Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Norwegian Cruise Line Holdings's EV-to-EBIT falls into.


NCLH
75GF Score
Norwegian Cruise Line Holdings Ltd NCLH
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norwegian Cruise Line Holdings EV-to-EBIT Calculation

Norwegian Cruise Line Holdings's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=24117.535/1608.869
=14.99

Norwegian Cruise Line Holdings's current Enterprise Value is $24,118 Mil.
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.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 14.99 mean?
Norwegian Cruise Line Holdings (NCLH) has a EV-to-EBIT of 14.99 as of Aug. 05, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Norwegian Cruise Line Holdings and its competitors. This is near median its historical median of 15.04. According to the industry distribution chart, Norwegian Cruise Line Holdings ranks #327 out of 638 companies in the Travel & Leisure industry, placing it in the top 51.3%.
Is Norwegian Cruise Line Holdings' EV-to-EBIT too high?
Norwegian Cruise Line Holdings' current EV-to-EBIT of 14.99 is near median its 10-year median of 15.04. The Travel & Leisure industry median EV-to-EBIT is 14.66. Norwegian Cruise Line Holdings' value of 14.99 is 2.3% above this industry median. Based on the distribution chart, Norwegian Cruise Line Holdings ranks #327 out of 638 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' EV-to-EBIT compare to GBTG and MMYT?
According to the Travel & Leisure industry distribution chart, Norwegian Cruise Line Holdings ranks #327 out of 638 companies for EV-to-EBIT. This places Norwegian Cruise Line Holdings in the lower half of its industry. The industry median EV-to-EBIT is 14.66. Norwegian Cruise Line Holdings' value of 14.99 is 2.3% above this benchmark. While the company's 10-year median is 15.04 vs. the industry median of 14.66, 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 EV-to-EBIT for a Travel & Leisure company?
The median EV-to-EBIT among Travel & Leisure companies is 14.66, based on 638 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Cruise Line Holdings's current EV-to-EBIT of 14.99 is 2.3% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Norwegian Cruise Line Holdings and its competitors. For the Travel & Leisure industry, the median EV-to-EBIT is 14.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Cruise Line Holdings's current EV-to-EBIT is 14.99, which is near median its own 10-year median of 15.04. 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 Fairly Valued. The stock's GF Value™ is $21.60, compared to a current price of $20.26 — trading 6.2% below its estimated fair value. The current EV-to-EBIT is 14.99, which is near median its 10-year median of 15.04 and 2.3% above the Travel & Leisure industry median of 14.66. 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 EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (NCLH), the current EV-to-EBIT is 14.99 as of Aug. 05, 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 $20.26 is trading 6.2% below its estimated GF Value™ of $21.60. GuruFocus considers Norwegian Cruise Line Holdings to be Fairly Valued.

Key valuation signals for NCLH:

  • EV-to-EBIT: 14.99 (near median its 10-year median of 15.04)
  • GF Value™: $21.60 vs. price of $20.26 (6.2% below fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 2.3% above the Travel & Leisure median (#327 of 638)

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 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.
75GF Score

Get the complete analysis for NCLH

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.26
Price
$21.60
GF Value