ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Norwegian Cruise Line Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was €362 Mil.
Norwegian Cruise Line Holdings's average Total Assets over the quarter that ended in Mar. 2026 was €19,916 Mil. Therefore, Norwegian Cruise Line Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was 1.82%.
The historical rank and industry rank for Norwegian Cruise Line Holdings's ROA % or its related term are showing as below:
HAM:1NC'
s ROA % Range Over the Past 10 Years
Min: -24.28 Med: 3.3 Max: 6.52
Current: 2.55
During the past 13 years, Norwegian Cruise Line Holdings's highest ROA % was 6.52%. The lowest was -24.28%. And the median was 3.30%.
HAM:1NC's ROA % is ranked better than 50.58% of 858
companies
in the Travel & Leisure industry
Industry Median: 2.375
vs HAM:1NC: 2.55
Norwegian Cruise Line Holdings (HAM:1NC) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Norwegian Cruise Line Holdings ROA % Related Terms
Norwegian Cruise Line Holdings ROA % 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.
For the Travel Services subindustry, Norwegian Cruise Line Holdings's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Norwegian Cruise Line Holdings's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Norwegian Cruise Line Holdings (HAM:1NC) has a ROA % of 1.82% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Norwegian Cruise Line Holdings and its competitors. This is 45% below median its historical median of 3.30. According to the industry distribution chart, Norwegian Cruise Line Holdings ranks #424 out of 858 companies in the Travel & Leisure industry, placing it in the top 49.4%.
Is Norwegian Cruise Line Holdings' ROA % too high?
Norwegian Cruise Line Holdings' current ROA % of 1.82% is 45% below median its 10-year median of 3.30. The Travel & Leisure industry median ROA % is 2.38. Norwegian Cruise Line Holdings' value of 1.82% is 23.4% below this industry median. Based on the distribution chart, Norwegian Cruise Line Holdings ranks #424 out of 858 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' ROA % compare to MMYT and GBTG?
According to the Travel & Leisure industry distribution chart, Norwegian Cruise Line Holdings ranks #424 out of 858 companies for ROA %. This puts Norwegian Cruise Line Holdings in the upper half of its industry. The industry median ROA % is 2.38. Norwegian Cruise Line Holdings' value of 1.82% is 23.4% below this benchmark. While the company's 10-year median is 3.30 vs. the industry median of 2.38, 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 ROA % for a Travel & Leisure company?
The median ROA % among Travel & Leisure companies is 2.38, based on 858 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Cruise Line Holdings's current ROA % of 1.82% is 23.4% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Norwegian Cruise Line Holdings and its competitors. For the Travel & Leisure industry, the median ROA % is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Cruise Line Holdings's current ROA % is 1.82%, which is 45% below median its own 10-year median of 3.30. 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 (HAM:1NC) is currently considered Fairly Valued. The stock's GF Value™ is €18.59, compared to a current price of €18.52 — trading 0.4% below its estimated fair value. The current ROA % is 1.82%, which is 45% below median its 10-year median of 3.30 and 23.4% below the Travel & Leisure industry median of 2.38. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (HAM:1NC), the current ROA % is 1.82% 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 (HAM:1NC) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Cruise Line Holdings stock appears to be undervalued.
The current stock price of €18.52 is trading 0.4% below its estimated GF Value™ of €18.59.
GuruFocus considers Norwegian Cruise Line Holdings to be Fairly Valued.
Key valuation signals for HAM:1NC:
ROA %: 1.82% (45% below median its 10-year median of 3.30)
GF Value™: €18.59 vs. price of €18.52 (0.4% below fair value)
Industry Position: 23.4% below the Travel & Leisure median (#424 of 858)
No single metric tells the full story. See the HAM:1NC 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.
77GF Score
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