Norwegian Cruise Line Holdings Ltd. (NCLH) P/E Ratio History
Historical price-to-earnings valuation from 2013 to 2026
Loading P/E history...
NCLH Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a price-to-earnings ratio of 19.7x, with a stock price of $17.75 and trailing twelve-month earnings per share of $1.22.
The current P/E is roughly in line with its 5-year average of 19.7x. Over the past five years, NCLH's P/E has ranged from a low of 9.9x to a high of 83.5x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.6x, NCLH is roughly in line with its sector peers. The sector includes 301 companies with P/E ratios ranging from 0.1x to 199.0x.
Relative to the broader market, NCLH trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NCLH DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NCLH P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $34B | 13.6 | -Best | +40% | |
| $78B | 18.4 | -Best | +43% | |
| $27B | 33.5 | -Best | +757%Best | |
| $4B | 54.6 | -Best | +93% | |
| $4B | 18.9 | -Best | -36% | |
| $95B | 37.8 | -Best | +14% | |
| $73B | 52.5 | -Best | -0% | |
| $48B | 9.6Lowest | -Best | +44% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
NCLH Historical P/E Data (2013–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $18.70 | $1.19 | 15.8x | -54% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $22.32 | $0.87 | 25.8x | -26% |
| FY2025 Q3 | $24.63 | $1.33 | 18.6x | -46% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $20.28 | $1.42 | 14.3x | -59% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $18.96 | $1.67 | 11.4x | -67% |
| FY2024 Q4 | $25.73 | $1.80 | 14.3x | -59% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $20.51 | $1.06 | 19.3x | -44% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $18.79 | $0.79 | 23.8x | -31% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $20.93 | $0.66 | 31.7x | -8% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $20.04 | $0.24 | 83.5x | +141% |
| FY2019 Q4 | $58.41 | $4.30 | 13.6x | -61% | |
| FY2019 Q3 | Mon Sep 30 2019 00:00:00 GM | $51.77 | $4.44 | 11.7x | -66% |
Average P/E for displayed period: 34.6x
See NCLH's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs NCLH Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare NCLH vs AMZN
Side-by-side business, growth, and profitability comparison vs Amazon.com, Inc..
Start ComparisonNCLH — Frequently Asked Questions
Quick answers to the most common questions about buying NCLH stock.
Is NCLH stock overvalued or undervalued?
NCLH trades at 19.7x P/E, near its 5-year average of 19.7x. The 80th percentile ranking places valuation within normal historical bounds.
How does NCLH's valuation compare to peers?
Norwegian Cruise Line Holdings Ltd. P/E of 19.7x compares to sector median of 19.6x. The premium reflects expected growth above peers.
What is NCLH's PEG ratio?
NCLH PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2013-2026.