Norwegian Cruise Line Holdings (WBO:NCLH) Moat Score: 6/10 (As of Jul. 14, 2026)

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WBO:NCLH Norwegian Cruise Line Holdings Ltd WBO:NCLH
69 GF Score
Price €17.52
GF Value €19.66
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Norwegian Cruise Line Holdings Moat Score?

Norwegian Cruise Line Holdings WBO:NCLH +1.26% 69 Moat Score is 6 as of Jul. 14, 2026. GuruFocus rates WBO:NCLH with a GF Score™ of 69/100 and a GF Value™ of €19.66 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 877 Travel & Leisure companies, Norwegian Cruise Line Holdings ranks better than 98.18% on this metric.

Norwegian Cruise Line Holdings has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Norwegian Cruise Line Holdings has Narrow Moat: Norwegian Cruise Line has a strong brand and customer loyalty in the cruise industry. Economies of scale and a superior distribution network support its competitive position, but the industry remains competitive and sensitive to economic cycles.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Norwegian Cruise Line Holdings might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Norwegian Cruise Line Holdings  (WBO:NCLH) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Norwegian Cruise Line Holdings Moat Score Related Terms

WBO:NCLH vs MMYT, GBTG, TNL: Moat Score Comparison

For the Travel Services subindustry, Norwegian Cruise Line Holdings's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Travel & Leisure Industry

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

* The bar in red indicates where Norwegian Cruise Line Holdings's Moat Score falls into.


WBO:NCLH
69GF Score
Norwegian Cruise Line Holdings Ltd WBO:NCLH
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Norwegian Cruise Line Holdings (WBO:NCLH) has a Moat Score of 6 as of Jul. 14, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Norwegian Cruise Line Holdings ranks #16 out of 877 companies in the Travel & Leisure industry, placing it in the top 1.8%.
Is Norwegian Cruise Line Holdings' Moat Score too high?
Norwegian Cruise Line Holdings' current Moat Score is 6. Based on the distribution chart, Norwegian Cruise Line Holdings ranks #16 out of 877 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' Moat Score compare to MMYT and GBTG?
According to the Travel & Leisure industry distribution chart, Norwegian Cruise Line Holdings ranks #16 out of 877 companies for Moat Score. This places Norwegian Cruise Line Holdings in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Travel & Leisure company?
A good Moat Score depends on the Travel & Leisure industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Norwegian Cruise Line Holdings's current Moat Score is 6. 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 (WBO:NCLH) is currently considered Modestly Undervalued. The stock's GF Value™ is €19.66, compared to a current price of €17.52 — trading 10.9% below its estimated fair value. The current Moat Score is 6. Norwegian Cruise Line Holdings' overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (WBO:NCLH), the current Moat Score is 6 as of Jul. 14, 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 (WBO:NCLH) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Cruise Line Holdings stock appears to be undervalued. The current stock price of €17.52 is trading 10.9% below its estimated GF Value™ of €19.66. GuruFocus considers Norwegian Cruise Line Holdings to be Modestly Undervalued.

Key valuation signals for WBO:NCLH:

  • Moat Score: 6
  • GF Value™: €19.66 vs. price of €17.52 (10.9% below fair value)
  • GF Score™: 69/100 with 7 warning signs

No single metric tells the full story. See the WBO: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.
69GF Score

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

€17.52
Price
€19.66
GF Value