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VIKViking Holdings Ltd
$87.48$38.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
VIK logo

Viking Holdings Ltd

VIK
NYSE · Online Travel & Cruises
$87.48
At close - Nov 6, 4:00 PM EST - USD
Market Cap$38.86B
P/E29.1x
52W High$110.09
Volume2.64M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Seasonal Revenue Growth Faces High Leverage Risks

Viking Holdings demonstrates robust top-line momentum with 17.5% year-over-year revenue growth in 2026Q1, supported by a strong $4.6 billion deferred revenue base that signals sustained consumer demand.

GrowthExpanding
ProfitabilityModerate
ValuationExpensive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

VIK price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/11 Beats

EPS beat 8 of last 11 quarters

02

Valuation risk

+58% Peers

P/E is 58% above peer median

03

Market leadership

RS 68 · Avg

Average momentum (RS Rating: 68)

04

Trend Check

N/A

Trend data unavailable

Next CatalystConfirmed earnings · Nov 17
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Operating margins exhibit extreme seasonal sensitivity, peaking at 30.2% in 2025Q3 before contracting to 1.1% in 2026Q1 due to the company's high fixed-cost base.

Analyst Consensus+23.0% target
Buy(15 analysts)
13 Buy1 Hold1 Sell

The Bull Case

Upside Catalysts

Strong order book

Viking Holdings has a healthy order book, reinforcing its strong top and bottom line performance.

Robust future bookings

2026 bookings show 86% of core products sold, with a 7% capacity increase, indicating strong demand.

High repeat guest rate

Viking benefits from a durable moat due to its high percentage of repeat guests and direct bookings.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
VIK+21.05%
S&P 500 (^GSPC)+7.63%
1-Year Return
VIK+52.64%
S&P 500 (^GSPC)+9.69%
3-Year Return
VIK+235.17%
S&P 500 (^GSPC)+72.00%
5-Year Return
VIK+235.17%
S&P 500 (^GSPC)+59.59%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
29.1x
Forward P/EExpansion
27.2x
EV/EBITDA100th %ile
21.1x
FCF YieldCash Flow
2.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
29.1x
146.9x
50th· Fair
EV/EBITDA
21.1x
18.9x
100th· High
Price/FCF
37.2x
24.5x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$32.38-63.0%
Base (Fair)$59.86-31.6%
Bull$68.91-21.2%
$32.38 Bear$59.86 Base$68.91 Bull
Current Market Price: $87.48
Trades at a 46.1% premium to Base DCF ($59.86)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$6.5B+21.9% YoY
Net income FY25
$1.15B+653.3% YoY
Free cash flow FY25
$1.3B+11.9% YoY
Operating margin FY25
23.1%+2.9 pts YoY
ROIC (FY25)37.1%
Avg ROIC 5Y46.7%
ROE (TTM)116%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/11 (73%)
Revenue Beat Rate10/11 (91%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 19, 2026
$1.31+4.0%
vs $1.26
$2.2B+2.4%
vs $2.1B
Q2 2026
May 14, 2026
-$0.11+1.9%
vs -$0.11
$1.1B+4.0%
vs $1.0B
Q2 2026
Mar 3, 2026
$0.67+23.2%
vs $0.54
$1.7B+6.2%
vs $1.6B
Q4 2025
Nov 19, 2025
$1.20+0.0%
vs $1.20
$2.0B+0.3%
vs $2.0B
Historical baseline: 11 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Zacks Investment Research·2d ago
ATAT or VIK: Which Is the Better Value Stock Right Now?

Investors with an interest in Leisure and Recreation Services stocks have likely encountered both Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) and Viking Holdings (VIK). But which of these two stocks offers value investors a better bang for their buck right now?

Newsfile Corp·5d ago
District Intersects up to 198 m of Cumulative Alum Shale in Drill Hole VIK-26-005 at Target A on the Viken Property

Vancouver, British Columbia--(Newsfile Corp. - November 2, 2026) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that drill holes VIK-26-002 to -005 completed at Target A continue to encounter significant intervals of Alum Shales on the Viken Property (Figures 1 to 3) in Jämtland County, central Sweden. Highlights: Drill hole VIK-26-005 intersected a cumulative 198.3 m of Alum Shale within down-hole depths from 24.0 to 274.1 m.

Seeking Alpha·Oct 29, 2026
Parnassus Mid Cap Growth Fund: Q3 2026 Performance Review

The portfolio's outperformance was primarily driven by our holdings in the Health Care sector, which delivered strong returns for the quarter on company-specific catalysts. Information Technology holdings and underweight to the Energy sector detracted from returns. For the year-to-date period, the Fund returned 5.80% (net of fees), outperforming the Russell Midcap Growth Index's 1.01%.

Business Wire·Oct 28, 2026
Viking Takes Delivery of Newest River Ship in Europe

LOS ANGELES--(BUSINESS WIRE)--Viking® (www.viking.com) (NYSE: VIK) today announced it has taken delivery of the Viking Haki, the company's newest Viking Longship®. The 190-guest Viking Haki joins Viking's award-winning fleet of state-of-the-art sister ships and will sail the company's popular itineraries on the Rhine, Main and Danube rivers. “Our river voyages offer an ideal way to explore Europe, bringing guests closer to the history, culture and traditions of the destinations they visit,” sai.

Filtered for Viking Holdings LtdMore Headlines
04

Compare before deciding

Benchmark VIK against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Viking Holdings Ltd (VIK)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VIK logoVIKViking Holdings LtdCurrent
$87.48$38.86B29.1021.89%19.33%116.02%—
CCL logoCCLCarnival Corporation & plc
$29.58$40.51B12.906.4%11.37%23.89%—
RCL logoRCLRoyal Caribbean Cruises Ltd.
$327.16$87.74B19.278.8%23.78%42.69%0.3%
NCLH logoNCLHNorwegian Cruise Line Holdings Ltd.
$17.92$8.23B9.913.67%8.2%32.15%—
ONEW logoONEWOneWater Marine Inc.
$9.58$159.2M-1.335.62%-6.72%-43.62%0.18%
HGV logoHGVHilton Grand Vacations Inc.
$43.95$3.45B8.281.32%6.77%30.23%—

Compare VIK vs Peers

Viking Holdings Ltd (VIK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CCL

Most directly comparable listed peer for VIK.

Scale Benchmark

vs BKNG

Larger-name benchmark to compare VIK against a more recognizable public peer.

Peer Set

Compare Top 5

vs CCL, RCL, NCLH, ONEW

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VIK Frequently Asked Questions

Viking Holdings Ltd (VIK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Viking Holdings Ltd's revenue?

Viking Holdings Ltd (VIK) reported $6.97B in revenue over the trailing twelve months. Revenue was $6.50B in fiscal year 2025. That is 940% more than the $625.1M of fiscal year 2021.

How fast is Viking Holdings Ltd growing?

Viking Holdings Ltd (VIK) grew revenue by 20.0% over the trailing twelve months, compared with the twelve months before.

Is VIK profitable?

Yes. Viking Holdings Ltd (VIK) earned $1.35B in net income over the trailing twelve months (a 19.3% net margin).

Dividend & Returns
What is VIK's return on equity?

Viking Holdings Ltd (VIK) had a return on equity (ROE) of 116.0% over the trailing twelve months. That is well above the market's typical 10-15%.

What is Viking Holdings Ltd's free cash flow?

Viking Holdings Ltd (VIK) generated $1.04B in free cash flow over the trailing twelve months.

What if you invested $1,000 in VIK back in 2021?

Total return calculator · dividends reinvested · 5+ years of data

See returns →