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The historical rank and industry rank for Norwegian Cruise Line Holdings's PB Ratio or its related term are showing as below:
BSP:N1CL34'
s PB Ratio Range Over the Past 10 Years
Min: 0.29 Med: 2.58 Max: 608.06
Current: 3.67
During the past 13 years, Norwegian Cruise Line Holdings's highest PB Ratio was 608.06. The lowest was 0.29. And the median was 2.58.
BSP:N1CL34's PB Ratio is ranked worse than 82.07% of 792
companies
in the Travel & Leisure industry
Industry Median: 1.49
vs BSP:N1CL34: 3.67
During the past 12 months, Norwegian Cruise Line Holdings's average Book Value Per Share Growth Rate was 65.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 210.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -14.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -27.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Norwegian Cruise Line Holdings was 210.00% per year. The lowest was -82.50% per year. And the median was 6.00% per year.
Back to Basics: PB Ratio
Norwegian Cruise Line Holdings (BSP:N1CL34) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Norwegian Cruise Line Holdings PB Ratio Related Terms
Norwegian Cruise Line Holdings PB Ratio 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.
BSP:N1CL34 vs MMYT, GBTG, TNL: PB Ratio Comparison
For the Travel Services subindustry, Norwegian Cruise Line Holdings's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Norwegian Cruise Line Holdings's PB Ratio falls into.
Norwegian Cruise Line Holdings PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Norwegian Cruise Line Holdings (BSP:N1CL34) has a PB Ratio of 3.67 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Norwegian Cruise Line Holdings and its competitors. This is 42% above median its historical median of 2.58. Over the past decade, Norwegian Cruise Line Holdings' PB Ratio has ranged from 0.29 to 608.06. According to the industry distribution chart, Norwegian Cruise Line Holdings ranks #650 out of 792 companies in the Travel & Leisure industry, placing it in the top 82.1%.
Is Norwegian Cruise Line Holdings' PB Ratio too high?
Norwegian Cruise Line Holdings' current PB Ratio of 3.67 is 42% above median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 608.06. The Travel & Leisure industry median PB Ratio is 1.49. Norwegian Cruise Line Holdings' value of 3.67 is 146.3% above this industry median. Based on the distribution chart, Norwegian Cruise Line Holdings ranks #650 out of 792 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 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' PB Ratio compare to MMYT and GBTG?
According to the Travel & Leisure industry distribution chart, Norwegian Cruise Line Holdings ranks #650 out of 792 companies for PB Ratio. This places Norwegian Cruise Line Holdings in the lower half of its industry. The industry median PB Ratio is 1.49. Norwegian Cruise Line Holdings' value of 3.67 is 146.3% above this benchmark. Historically, Norwegian Cruise Line Holdings' own PB Ratio has ranged from 0.29 to 608.06 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 1.49, 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 PB Ratio for a Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.49, based on 792 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Cruise Line Holdings's current PB Ratio of 3.67 is 146.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Norwegian Cruise Line Holdings and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Cruise Line Holdings's current PB Ratio is 3.67, which is 42% above median its own 10-year median of 2.58. 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 (BSP:N1CL34) is currently considered Fairly Valued. The stock's GF Value™ is R$115.08, compared to a current price of R$101.70 — trading 11.6% below its estimated fair value. The current PB Ratio is 3.67, which is 42% above median its 10-year median of 2.58 and 146.3% above the Travel & Leisure industry median of 1.49. Norwegian Cruise Line Holdings' overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (BSP:N1CL34), the current PB Ratio is 3.67 as of Jul. 15, 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 (BSP:N1CL34) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Cruise Line Holdings stock appears to be undervalued.
The current stock price of R$101.70 is trading 11.6% below its estimated GF Value™ of R$115.08.
GuruFocus considers Norwegian Cruise Line Holdings to be Fairly Valued.
Key valuation signals for BSP:N1CL34:
PB Ratio: 3.67 (42% above median its 10-year median of 2.58)
GF Value™: R$115.08 vs. price of R$101.70 (11.6% below fair value)
Industry Position: 146.3% above the Travel & Leisure median (#650 of 792)
No single metric tells the full story. See the BSP:N1CL34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norwegian Cruise Line Holdings Business Description
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.
67GF Score
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