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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Norwegian Cruise Line Holdings's current 3-Year Share Buyback Ratio was -2.60%.
The historical rank and industry rank for Norwegian Cruise Line Holdings's 3-Year Share Buyback Ratio or its related term are showing as below:
NCLH'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -25.5 Med: -0.8 Max: 2.1
Current: -2.6
During the past 13 years, Norwegian Cruise Line Holdings's highest 3-Year Share Buyback Ratio was 2.10%. The lowest was -25.50%. And the median was -0.80%.
NCLH's 3-Year Share Buyback Ratio is ranked worse than 60.39% of 457
companies
in the Travel & Leisure industry
Industry Median: -0.7
vs NCLH: -2.60
Norwegian Cruise Line Holdings (NYSE:NCLH) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Norwegian Cruise Line Holdings 3-Year Share Buyback Ratio Related Terms
NCLH vs MMYT, GBTG, TNL: 3-Year Share Buyback Ratio Comparison
For the Travel Services subindustry, Norwegian Cruise Line Holdings's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Norwegian Cruise Line Holdings's 3-Year Share Buyback Ratio falls into.
Norwegian Cruise Line Holdings 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -2.60 mean?
Norwegian Cruise Line Holdings (NCLH) has a 3-Year Share Buyback Ratio of -2.60 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Norwegian Cruise Line Holdings and its competitors. According to the industry distribution chart, Norwegian Cruise Line Holdings ranks #276 out of 457 companies in the Travel & Leisure industry, placing it in the top 60.4%.
Is Norwegian Cruise Line Holdings' 3-Year Share Buyback Ratio too high?
Norwegian Cruise Line Holdings' current 3-Year Share Buyback Ratio is -2.60. Based on the distribution chart, Norwegian Cruise Line Holdings ranks #276 out of 457 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Norwegian Cruise Line Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Cruise Line Holdings' 3-Year Share Buyback Ratio compare to MMYT and GBTG?
According to the Travel & Leisure industry distribution chart, Norwegian Cruise Line Holdings ranks #276 out of 457 companies for 3-Year Share Buyback Ratio. This places Norwegian Cruise Line Holdings in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Travel & Leisure company?
A good 3-Year Share Buyback Ratio depends on the Travel & Leisure industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Norwegian Cruise Line Holdings and its competitors. Norwegian Cruise Line Holdings's current 3-Year Share Buyback Ratio is -2.60. 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 (NCLH) is currently considered Modestly Undervalued. The stock's GF Value™ is $21.56, compared to a current price of $15.57 — trading 27.8% below its estimated fair value. The current 3-Year Share Buyback Ratio is -2.60. Norwegian Cruise Line Holdings' overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Norwegian Cruise Line Holdings (NCLH), the current 3-Year Share Buyback Ratio is -2.60 as of Jun. 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 (NCLH) Overvalued in 2026?
Based on GuruFocus' analysis, Norwegian Cruise Line Holdings stock appears to be undervalued.
The current stock price of $15.57 is trading 27.8% below its estimated GF Value™ of $21.56.
GuruFocus considers Norwegian Cruise Line Holdings to be Modestly Undervalued.
Key valuation signals for NCLH:
3-Year Share Buyback Ratio: -2.60
GF Value™: $21.56 vs. price of $15.57 (27.8% below fair value)
No single metric tells the full story. See the NCLH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
73GF Score
Get the complete analysis for NCLH
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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