NCLH Norwegian Cruise Line Holdings PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NYSE: NCLH
- PE Ratio
As at Nov 5, 2025, the NCLH stock has a price-to-earnings ratio of 12.49. This is based on the current EPS of $1.49 and the stock price of $18.61 per share. The current PE ratio is comparable to the past four-quarter average.
NCLH PE ratio history
The mean historical PE ratio of Norwegian Cruise Line Holdings over the last ten years is 17.51. The current 12.49 price-to-earnings ratio is 29% less than the historical average. In the past ten years, NCLH's PE ratio reached its highest point in the Dec 2023 quarter at 51.38, with a price of $20.04 and an EPS of $0.39. The Mar 2025 quarter saw the lowest point at 9.72, with a price of $18.96 and an EPS of $1.95.
Norwegian Cruise Line Holdings PE ratio by year
Maximum annual increase: 36.26% in 2019
Maximum annual decrease: -76.04% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 12.31 | -76.04% | $25.73 | $2.09 |
| 2023 | 51.38 | N/A | $20.04 | $0.39 |
| 2022 | N/A | N/A | $12.24 | -$5.41 |
| 2021 | N/A | N/A | $20.74 | -$12.33 |
| 2020 | N/A | N/A | $25.43 | -$15.75 |
| 2019 | 13.49 | 36.26% | $58.41 | $4.33 |
| 2018 | 9.9 | -38.09% | $42.39 | $4.28 |
| 2017 | 15.99 | 4.92% | $53.25 | $3.33 |
| 2016 | 15.24 | -50.85% | $42.53 | $2.79 |
| 2015 | 31.01 | 8.77% | $58.6 | $1.89 |
| 2014 | 28.51 | -59.81% | $46.76 | $1.64 |
| 2013 | 70.94 | N/A | $35.47 | $0.5 |
| 2012 | N/A | N/A | N/A | $0.95 |
| 2011 | N/A | N/A | N/A | $0.71 |
| 2010 | N/A | N/A | N/A | $0.13 |
Norwegian Cruise Line Holdings PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2025 | 16.53 | 33.63% | $24.63 | $1.49 |
| Jun 2025 | 12.37 | 27.26% | $20.28 | $1.64 |
| Mar 2025 | 9.72 | -21.04% | $18.96 | $1.95 |
| Dec 2024 | 12.31 | -24.98% | $25.73 | $2.09 |
| Sep 2024 | 16.41 | -14.4% | $20.51 | $1.25 |
| Jun 2024 | 19.17 | -26.72% | $18.79 | $0.98 |
| Mar 2024 | 26.16 | -49.09% | $20.93 | $0.8 |
| Dec 2023 | 51.38 | N/A | $20.04 | $0.39 |
| Sep 2023 | N/A | N/A | $16.48 | -$0.52 |
| Jun 2023 | N/A | N/A | $21.77 | -$2.03 |
| Mar 2023 | N/A | N/A | $13.45 | -$3.45 |
| Dec 2022 | N/A | N/A | $12.24 | -$5.41 |
| Sep 2022 | N/A | N/A | $11.36 | -$8.37 |
| Jun 2022 | N/A | N/A | $11.12 | -$9.96 |
| Mar 2022 | N/A | N/A | $21.88 | -$10.68 |
NCLH Price vs fair value
NCLH average PE ratio chart
Currently, NCLH's PE ratio is lower than the 3, 5 and 10-year averages.
PE comparison
Norwegian Cruise Line Holdings's P/E of 12.49 is below the Consumer Cyclical sector and the industry average. Looking at its Consumer Cyclical sector average of 19.04, Norwegian Cruise Line Holdings's P/E is 34% lower.
NCLH PE vs peers
When compared to its peer stocks RCL and CCL, NCLH's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NCLH Norwegian Cruise Line Holdings Ltd | 12.49 | $8.47B |
| CCL Carnival Corp | 13.38 | $36.48B |
| RCL Royal Caribbean Group | 17.1 | $69.99B |
Frequently asked questions
What is Norwegian Cruise Line Holdings's PE ratio?
As of Nov 5, 2025, NCLH stock has a price to earnings ratio of 12.49.
What is the 3-year average PE ratio for Norwegian Cruise Line Holdings (NCLH)?
The 3-year average PE ratio for NCLH stock is 20.51.
What is the 5-year average PE ratio for Norwegian Cruise Line Holdings (NCLH)?
The 5-year average PE ratio for NCLH stock is 20.51.
What is the highest PE ratio for NCLH?
Over the last ten years, the quarterly PE ratio reached a historic high of 51.38 in the Dec 2023 quarter.
How does the current PE ratio for NCLH compare to its historical average?
NCLH's current price to earnings ratio is 29% below its 10-year historical average.
How is NCLH's PE ratio calculated (Norwegian Cruise Line Holdings PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Nov 5, 2025), Norwegian Cruise Line Holdings's stock price is $18.61. The earnings per share for the trailing twelve months (TTM) ending Sep 2025 is $1.49. Therefore, Norwegian Cruise Line Holdings's price to earnings ratio for today is 12.49. PE RATIO(12.49) = STOCK PRICE($18.61) / TTM EPS($1.49)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.