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What is Norwegian Cruise Line Holdings EV-to-EBITDA?
Norwegian Cruise Line HoldingsNCLH -2.93%75 EV-to-EBITDA is 8.43 as of Aug. 06, 2026, which is 14% below its 10-year median of 9.83. GuruFocus rates NCLH with a GF Score™ of 75/100 and a GF Value™ of $21.58 (Fairly Valued). The stock has 7 warning signs investors should review. Among 698 Travel & Leisure companies, Norwegian Cruise Line Holdings ranks better than 58.02% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Norwegian Cruise Line Holdings's enterprise value is $23,865 Mil.
Norwegian Cruise Line Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $2,831 Mil. Therefore, Norwegian Cruise Line Holdings's EV-to-EBITDA for today is 8.43.
The historical rank and industry rank for Norwegian Cruise Line Holdings's EV-to-EBITDA or its related term are showing as below:
NCLH'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -75.1 Med: 9.83 Max: 8341.96
Current: 8.43
During the past 13 years, the highest EV-to-EBITDA of Norwegian Cruise Line Holdings was 8341.96. The lowest was -75.10. And the median was 9.83.
NCLH's EV-to-EBITDA is ranked better than 58.02% of 698
companies
in the Travel & Leisure industry
Industry Median: 9.835
vs NCLH: 8.43
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
Norwegian Cruise Line Holdings (NYSE:NCLH) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Norwegian Cruise Line Holdings's PE Ratio (TTM) for today is calculated as:
Norwegian Cruise Line Holdings's share price for today is $19.705.
Norwegian Cruise Line Holdings's Earnings per Share (Diluted) 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 $1.600.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* 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.
For the Travel Services subindustry, Norwegian Cruise Line Holdings's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Norwegian Cruise Line Holdings's EV-to-EBITDA falls into.
Norwegian Cruise Line Holdings's current Enterprise Value is $23,865 Mil.
Norwegian Cruise Line Holdings's EBITDA 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 $2,831 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 (NCLH) has a EV-to-EBITDA of 8.43 as of Aug. 06, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Norwegian Cruise Line Holdings. This is 14% below median its historical median of 9.83. According to the industry distribution chart, Norwegian Cruise Line Holdings ranks #293 out of 698 companies in the Travel & Leisure industry, placing it in the top 42%.
Is Norwegian Cruise Line Holdings' EV-to-EBITDA too high?
Norwegian Cruise Line Holdings' current EV-to-EBITDA of 8.43 is 14% below median its 10-year median of 9.83. The Travel & Leisure industry median EV-to-EBITDA is 9.84. Norwegian Cruise Line Holdings' value of 8.43 is 14.3% below this industry median. Based on the distribution chart, Norwegian Cruise Line Holdings ranks #293 out of 698 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 Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' EV-to-EBITDA compare to GBTG and MMYT?
According to the Travel & Leisure industry distribution chart, Norwegian Cruise Line Holdings ranks #293 out of 698 companies for EV-to-EBITDA. This puts Norwegian Cruise Line Holdings in the upper half of its industry. The industry median EV-to-EBITDA is 9.84. Norwegian Cruise Line Holdings' value of 8.43 is 14.3% below this benchmark. While the company's 10-year median is 9.83 vs. the industry median of 9.84, Norwegian Cruise Line Holdings has consistently been below 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-EBITDA for a Travel & Leisure company?
The median EV-to-EBITDA among Travel & Leisure companies is 9.84, based on 698 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA 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-EBITDA of 8.43 is 14.3% below 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Norwegian Cruise Line Holdings. For the Travel & Leisure industry, the median EV-to-EBITDA is 9.84 — 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-EBITDA is 8.43, which is 14% below median its own 10-year median of 9.83. 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 $21.58, compared to a current price of $19.71 — trading 8.7% below its estimated fair value. The current EV-to-EBITDA is 8.43, which is 14% below median its 10-year median of 9.83 and 14.3% below the Travel & Leisure industry median of 9.84. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (NCLH), the current EV-to-EBITDA is 8.43 as of Aug. 06, 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 $19.71 is trading 8.7% below its estimated GF Value™ of $21.58.
GuruFocus considers Norwegian Cruise Line Holdings to be Fairly Valued.
Key valuation signals for NCLH:
EV-to-EBITDA: 8.43 (14% below median its 10-year median of 9.83)
GF Value™: $21.58 vs. price of $19.71 (8.7% below fair value)
Industry Position: 14.3% below the Travel & Leisure median (#293 of 698)
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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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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