The historical rank and industry rank for Norwegian Cruise Line Holdings's Pretax Margin % or its related term are showing as below:
WBO:NCLH'
s Pretax Margin % Range Over the Past 10 Years
Min: -694.66 Med: 6.26 Max: 16.01
Current: 5.76
WBO:NCLH's Pretax Margin % is ranked worse than 51.54% of 842
companies
in the Travel & Leisure industry
Industry Median: 6.155
vs WBO:NCLH: 5.76
Norwegian Cruise Line Holdings (WBO:NCLH) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Norwegian Cruise Line Holdings Pretax Margin % Related Terms
Norwegian Cruise Line Holdings Pretax Margin % 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 Pretax Margin % Chart
WBO:NCLH vs MMYT, GBTG, TNL: Pretax Margin % Comparison
For the Travel Services subindustry, Norwegian Cruise Line Holdings's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Norwegian Cruise Line Holdings's Pretax Margin % falls into.
* 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 (WBO:NCLH) has a Pretax Margin % of 4.62% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Norwegian Cruise Line Holdings and its competitors. This is 26% below median its historical median of 6.26. According to the industry distribution chart, Norwegian Cruise Line Holdings ranks #434 out of 842 companies in the Travel & Leisure industry, placing it in the top 51.5%.
Is Norwegian Cruise Line Holdings' Pretax Margin % too high?
Norwegian Cruise Line Holdings' current Pretax Margin % of 4.62% is 26% below median its 10-year median of 6.26. The Travel & Leisure industry median Pretax Margin % is 6.16. Norwegian Cruise Line Holdings' value of 4.62% is 24.9% below this industry median. Based on the distribution chart, Norwegian Cruise Line Holdings ranks #434 out of 842 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' Pretax Margin % compare to MMYT and GBTG?
According to the Travel & Leisure industry distribution chart, Norwegian Cruise Line Holdings ranks #434 out of 842 companies for Pretax Margin %. This places Norwegian Cruise Line Holdings in the lower half of its industry. The industry median Pretax Margin % is 6.16. Norwegian Cruise Line Holdings' value of 4.62% is 24.9% below this benchmark. While the company's 10-year median is 6.26 vs. the industry median of 6.16, 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 Pretax Margin % for a Travel & Leisure company?
The median Pretax Margin % among Travel & Leisure companies is 6.16, based on 842 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Cruise Line Holdings's current Pretax Margin % of 4.62% is 24.9% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Norwegian Cruise Line Holdings and its competitors. For the Travel & Leisure industry, the median Pretax Margin % is 6.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Cruise Line Holdings's current Pretax Margin % is 4.62%, which is 26% below median its own 10-year median of 6.26. 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 Fairly Valued. The stock's GF Value™ is €19.18, compared to a current price of €17.24 — trading 10.1% below its estimated fair value. The current Pretax Margin % is 4.62%, which is 26% below median its 10-year median of 6.26 and 24.9% below the Travel & Leisure industry median of 6.16. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (WBO:NCLH), the current Pretax Margin % is 4.62% as of Mar. 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 €17.24 is trading 10.1% below its estimated GF Value™ of €19.18.
GuruFocus considers Norwegian Cruise Line Holdings to be Fairly Valued.
Key valuation signals for WBO:NCLH:
Pretax Margin %: 4.62% (26% below median its 10-year median of 6.26)
GF Value™: €19.18 vs. price of €17.24 (10.1% below fair value)
Industry Position: 24.9% below the Travel & Leisure median (#434 of 842)
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
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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