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Norwegian Cruise Line HoldingsNCLH -4.40%77 Equity-to-Asset is 0.11 as of Jun. 2026, which is 39% below its 10-year median of 0.18. GuruFocus rates NCLH with a GF Score™ of 77/100 and a GF Value™ of $21.56 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 856 Travel & Leisure companies, Norwegian Cruise Line Holdings ranks worse than 87.97% on this metric.
Norwegian Cruise Line Holdings (NYSE:NCLH) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Norwegian Cruise Line Holdings Equity-to-Asset Related Terms
Norwegian Cruise Line Holdings Equity-to-Asset Historical Data
* 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 Equity-to-Asset Chart
NCLH vs MMYT, GBTG, TNL: Equity-to-Asset Comparison
For the Travel Services subindustry, Norwegian Cruise Line Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Norwegian Cruise Line Holdings's Equity-to-Asset falls into.
Norwegian Cruise Line Holdings Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
* 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 Equity-to-Asset of 0.11 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Norwegian Cruise Line Holdings and its competitors. This is 39% below median its historical median of 0.18. According to the industry distribution chart, Norwegian Cruise Line Holdings ranks #753 out of 856 companies in the Travel & Leisure industry, placing it in the top 88%.
Is Norwegian Cruise Line Holdings' Equity-to-Asset too high?
Norwegian Cruise Line Holdings' current Equity-to-Asset of 0.11 is 39% below median its 10-year median of 0.18. The Travel & Leisure industry median Equity-to-Asset is 0.51. Norwegian Cruise Line Holdings' value of 0.11 is 78.4% below this industry median. Based on the distribution chart, Norwegian Cruise Line Holdings ranks #753 out of 856 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' Equity-to-Asset compare to MMYT and GBTG?
According to the Travel & Leisure industry distribution chart, Norwegian Cruise Line Holdings ranks #753 out of 856 companies for Equity-to-Asset. This places Norwegian Cruise Line Holdings in the lower half of its industry. The industry median Equity-to-Asset is 0.51. Norwegian Cruise Line Holdings' value of 0.11 is 78.4% below this benchmark. While the company's 10-year median is 0.18 vs. the industry median of 0.51, 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 Equity-to-Asset for a Travel & Leisure company?
The median Equity-to-Asset among Travel & Leisure companies is 0.51, based on 856 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Cruise Line Holdings's current Equity-to-Asset of 0.11 is 78.4% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Norwegian Cruise Line Holdings and its competitors. For the Travel & Leisure industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Cruise Line Holdings's current Equity-to-Asset is 0.11, which is 39% below median its own 10-year median of 0.18. 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 $21.56, compared to a current price of $15.43 — trading 28.4% below its estimated fair value. The current Equity-to-Asset is 0.11, which is 39% below median its 10-year median of 0.18 and 78.4% below the Travel & Leisure industry median of 0.51. Norwegian Cruise Line Holdings' overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (NCLH), the current Equity-to-Asset is 0.11 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 $15.43 is trading 28.4% below its estimated GF Value™ of $21.56.
GuruFocus considers Norwegian Cruise Line Holdings to be Modestly Undervalued.
Key valuation signals for NCLH:
Equity-to-Asset: 0.11 (39% below median its 10-year median of 0.18)
GF Value™: $21.56 vs. price of $15.43 (28.4% below fair value)
Industry Position: 78.4% below the Travel & Leisure median (#753 of 856)
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.
77GF Score
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