Norwegian Cruise Line Holdings (FRA:1NC) ROCE %: 6.35% (As of Mar. 2026)


FRA:1NC Norwegian Cruise Line Holdings Ltd FRA:1NC
76 GF Score
Price €16.83
GF Value €17.43
Valuation Fairly Valued
! 7 Warning Signs
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What is Norwegian Cruise Line Holdings ROCE %?

Norwegian Cruise Line Holdings FRA:1NC 76 ROCE % is 6.35% as of Mar. 2026. GuruFocus rates FRA:1NC with a GF Score™ of 76/100 and a GF Value™ of €17.43 (Fairly Valued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Norwegian Cruise Line Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.35%.

Norwegian Cruise Line Holdings  (FRA:1NC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Norwegian Cruise Line Holdings ROCE % Related Terms

Norwegian Cruise Line Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Norwegian Cruise Line Holdings's ROCE % can be seen below:

* 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 ROCE % Chart

Norwegian Cruise Line Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.02 -10.70 6.51 11.22 8.39

Norwegian Cruise Line Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.72 6.79 18.86 4.15 6.35
FRA:1NC
76GF Score
Norwegian Cruise Line Holdings Ltd FRA:1NC
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Cruise Line Holdings ROCE % Calculation

Norwegian Cruise Line Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1180.422/( ( (19071.17 - 5520.726) + (19250.356 - 4656.501) )/ 2 )
=1180.422/( (13550.444+14593.855)/ 2 )
=1180.422/14072.1495
=8.39 %

Norwegian Cruise Line Holdings's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=946.816/( ( (19250.356 - 4656.501) + (20582.548 - 5378.016) )/ 2 )
=946.816/( ( 14593.855 + 15204.532 )/ 2 )
=946.816/14899.1935
=6.35 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 6.35% mean?
Norwegian Cruise Line Holdings (FRA:1NC) has a ROCE % of 6.35% as of Mar. 2026.
Is Norwegian Cruise Line Holdings' ROCE % too high?
Norwegian Cruise Line Holdings' current ROCE % is 6.35%. The Travel & Leisure industry median ROCE % is 6.15. Norwegian Cruise Line Holdings' value of 6.35% is 3.3% above this industry median. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' ROCE % compare to MMYT and GBTG?
Norwegian Cruise Line Holdings' ROCE % of 6.35% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.15. Norwegian Cruise Line Holdings' value of 6.35% is 3.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Travel & Leisure company?
The median ROCE % among Travel & Leisure companies is 6.15, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norwegian Cruise Line Holdings's current ROCE % of 6.35% is 3.3% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Travel & Leisure industry, the median ROCE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Cruise Line Holdings's current ROCE % is 6.35%. 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 (FRA:1NC) is currently considered Fairly Valued. The stock's GF Value™ is €17.43, compared to a current price of €16.83 — trading 3.5% below its estimated fair value. The current ROCE % is 6.35% and 3.3% above the Travel & Leisure industry median of 6.15. Norwegian Cruise Line Holdings' overall GF Score™ is 76/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (FRA:1NC), the current ROCE % is 6.35% 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 (FRA:1NC) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Cruise Line Holdings stock appears to be undervalued. The current stock price of €16.83 is trading 3.5% below its estimated GF Value™ of €17.43. GuruFocus considers Norwegian Cruise Line Holdings to be Fairly Valued.

Key valuation signals for FRA:1NC:

  • ROCE %: 6.35%
  • GF Value™: €17.43 vs. price of €16.83 (3.5% below fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 3.3% above the Travel & Leisure median

No single metric tells the full story. See the FRA:1NC 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.
76GF Score

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

€16.83
Price
€17.43
GF Value