Last 48 quarters of trend data · Consumer Cyclical · Online Travel & Cruises
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.91 | 3.43 | 10.99 | 20.33 | 186.00 | 7.16 | 75.78 | — | 13.13 | 5.40 | 14.68 | 129.84 | — | 6.06 | 28.64 | — | — | — | — | — | — |
| — | -52.2% | -85.5% | — | +1316.9% | +32.7% | +416.3% | — | — | -10.9% | -48.8% | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.81 | 0.57 | 0.93 | 0.93 | 1.14 | 1.04 | 0.89 | 0.98 | 1.58 | 0.94 | 1.02 | 1.03 | 1.07 | 0.83 | 1.14 | 0.78 | 0.85 | 0.74 | 0.98 | 4.38 | 4.17 |
| — | -44.9% | +3.7% | -4.9% | -27.7% | +10.4% | -12.1% | -4.5% | +47.3% | +13.2% | -10.6% | +31.9% | +26.4% | +12.4% | +15.9% | -82.2% | -79.6% | -95.4% | -99.8% | -99.4% | -97.9% | |
| P/B Ratio | 3.73 | 2.14 | 3.81 | 3.59 | 4.64 | 5.57 | 5.74 | 5.90 | 9.35 | 9.30 | 13.92 | 24.91 | 28.34 | 19.22 | 659.46 | — | 75.20 | 11.96 | 5.17 | 6.06 | 3.34 |
| — | -61.5% | -33.6% | -39.3% | -50.4% | -40.1% | -58.8% | -76.3% | -67.0% | -51.6% | -97.9% | — | -62.3% | +60.7% | +12660.7% | — | +2151.6% | +248.8% | +76.7% | +192.0% | +94.6% | |
| P/FCF | — | — | 13.72 | — | 119.47 | — | 5.90 | — | 21.39 | — | 7.31 | 4.11 | — | — | 8.46 | 5.35 | 15.88 | — | 11.52 | — | — |
| — | — | +132.4% | — | +458.6% | — | -19.2% | — | — | — | -13.6% | -23.1% | — | — | -26.6% | — | — | — | — | — | — | |
| EV / EBITDA | 8.48 | 5.77 | 9.36 | 11.51 | 10.99 | 6.70 | 8.50 | 12.28 | 14.22 | 6.35 | 9.62 | 11.98 | 15.51 | 7.23 | 11.75 | 20.46 | — | 259.29 | — | — | — |
| — | -13.8% | +10.1% | -6.2% | -22.7% | +5.4% | -11.6% | +2.5% | -8.3% | -12.1% | -18.1% | -41.4% | — | -97.2% | — | — | — | — | — | — | — | |
| EV / EBIT | 14.20 | 8.23 | 15.50 | 30.80 | 35.03 | 8.98 | 29.41 | 31.42 | 23.17 | 8.99 | 16.37 | 23.48 | 62.26 | 10.10 | 21.64 | 2568.76 | — | — | — | — | — |
| — | -8.3% | -47.3% | -2.0% | +51.2% | -0.1% | +79.6% | +33.8% | -62.8% | -11.0% | -24.3% | -99.1% | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.0% | 43.4% | 39.9% | 40.9% | 41.0% | 47.1% | 42.1% | 38.7% | 38.0% | 45.2% | 38.7% | 36.7% | 33.5% | 41.5% | 37.3% | 29.7% | 19.7% | 23.3% | 9.6% | -40.9% | -47.2% |
| — | -7.8% | -5.3% | +5.6% | +7.9% | +4.2% | +8.9% | +5.5% | +13.6% | +8.7% | +3.8% | +23.4% | +69.6% | +78.2% | +288.5% | +172.7% | +141.8% | +112.4% | +100.2% | +99.4% | +97.7% | |
| Operating Margin | 16.2% | 21.2% | 13.8% | 10.0% | 8.3% | 25.5% | 16.8% | 9.4% | 10.2% | 24.6% | 14.4% | 10.0% | 6.3% | 20.6% | 12.4% | 0.6% | -18.5% | -11.5% | -33.4% | -132.0% | -140.9% |
| — | -16.9% | -18.3% | +5.8% | -18.3% | +3.6% | +16.9% | -5.2% | +62.7% | +19.3% | +16.5% | +1594.2% | +133.8% | +280.0% | +137.0% | +100.4% | +86.9% | +97.5% | +99.8% | +99.3% | +97.5% | |
| Net Margin | 4.3% | 16.7% | 8.4% | 4.5% | 0.6% | 14.3% | 1.2% | -1.9% | 12.1% | 16.9% | 6.9% | 0.8% | -5.4% | 13.6% | 3.9% | -8.7% | -31.8% | -18.3% | -42.9% | -188.3% | -322.7% |
| — | +16.9% | +607.5% | +337.1% | -94.7% | -15.7% | -82.7% | -339.2% | +325.1% | +24.1% | +76.4% | +109.1% | +83.1% | +174.6% | +109.1% | +95.4% | +90.2% | +96.7% | +99.7% | +99.6% | +95.8% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.3% | 17.2% | 8.9% | 4.5% | 0.6% | 22.3% | 2.0% | -2.8% | 19.9% | 51.9% | 31.0% | 5.2% | -28.8% | 152.4% | 565.8% | — | -206.0% | -45.4% | -42.3% | -49.9% | -59.2% |
| — | -22.9% | +342.8% | +259.1% | -96.7% | -57.1% | -93.5% | -154.2% | +169.0% | -65.9% | -94.5% | — | +86.0% | +435.8% | +1438.2% | — | -248.2% | -77.1% | -138.4% | -58.9% | -238.0% | |
| ROA | 2.0% | 2.0% | 0.9% | 0.5% | 0.1% | 1.9% | 0.1% | -0.2% | 1.3% | 2.4% | 0.8% | 0.1% | -0.5% | 1.8% | 0.5% | -0.9% | -2.6% | -1.6% | -2.7% | -5.2% | -8.4% |
| — | +6.9% | +566.5% | +331.7% | -95.0% | -19.6% | -82.9% | -320.8% | +332.9% | +30.4% | +75.8% | +110.2% | +78.6% | +217.6% | +117.5% | +83.3% | +69.4% | +65.8% | +30.6% | +29.4% | -103.4% | |
| ROIC | 7.5% | 2.6% | 1.6% | 1.0% | 0.8% | 3.4% | 2.0% | 1.0% | 1.1% | 3.7% | 1.9% | 1.2% | 0.7% | 3.0% | 1.6% | 0.1% | -1.6% | -1.1% | -2.4% | -3.9% | -3.9% |
| — | -21.5% | -23.1% | +0.8% | -27.0% | -9.8% | +7.7% | -14.4% | +66.9% | +26.2% | +16.6% | +1757.7% | +141.5% | +370.3% | +168.6% | +101.6% | +57.7% | +71.8% | +31.4% | -18.9% | -20.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.61 | 4.79 | 5.84 | 6.23 | 6.61 | 7.00 | 9.30 | 9.88 | 9.19 | 11.81 | 19.39 | 37.97 | 46.74 | 31.63 | 903.85 | — | 198.59 | 34.78 | 14.69 | 9.00 | 5.12 |
| — | -31.5% | -37.1% | -36.9% | -28.1% | -40.7% | -52.1% | -74.0% | -80.3% | -62.7% | -97.9% | — | -76.5% | -9.1% | +6054.3% | — | +3781.4% | +708.2% | +344.6% | +222.5% | +88.7% | |
| Debt / EBITDA | 5.30 | 16.14 | 22.87 | 29.47 | 26.04 | 15.01 | 21.20 | 31.00 | 28.39 | 14.41 | 22.99 | 29.67 | 39.31 | 18.55 | 28.24 | 59.31 | — | 824.16 | — | — | — |
| — | +7.5% | +7.9% | -4.9% | -8.3% | +4.2% | -7.8% | +4.5% | -27.8% | -22.3% | -18.6% | -50.0% | — | -97.7% | — | — | — | — | — | — | — | |
| Current Ratio | 0.21 | 0.22 | 0.20 | 0.21 | 0.21 | 0.19 | 0.18 | 0.19 | 0.17 | 0.20 | 0.24 | 0.24 | 0.22 | 0.30 | 0.32 | 0.29 | 0.37 | 0.46 | 0.62 | 0.77 | 0.89 |
| — | +15.6% | +9.1% | +11.9% | +19.5% | -0.3% | -23.0% | -22.0% | -19.6% | -34.5% | -24.9% | -16.5% | -41.3% | -35.5% | -48.9% | -62.5% | -58.1% | -58.5% | -60.9% | -63.1% | -52.4% | |
| Quick Ratio | 0.18 | 0.19 | 0.17 | 0.18 | 0.18 | 0.17 | 0.16 | 0.16 | 0.15 | 0.17 | 0.22 | 0.22 | 0.19 | 0.27 | 0.29 | 0.26 | 0.34 | 0.43 | 0.59 | 0.74 | 0.85 |
| — | +16.1% | +10.3% | +13.4% | +23.3% | -3.3% | -26.6% | -25.2% | -22.2% | -36.0% | -25.9% | -17.5% | -43.9% | -37.7% | -50.8% | -64.3% | -60.0% | -60.2% | -61.8% | -64.0% | -53.0% | |
| Interest Coverage | 1.19 | 3.84 | 2.32 | 1.16 | 1.03 | 2.32 | 1.18 | 0.81 | 1.61 | 3.75 | 1.92 | 1.08 | 0.45 | 2.95 | 1.49 | 0.01 | -1.72 | -1.01 | -2.53 | -1.99 | -0.65 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying NCLH stock.
Norwegian Cruise Line Holdings Ltd.'s current P/E is 9.9x. The average P/E over the last 4 quarters is 55.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Norwegian Cruise Line Holdings Ltd.'s current operating margin is 16.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Norwegian Cruise Line Holdings Ltd.'s business trajectory between earnings reports.