NCLH
Norwegian Cruise Line Holdings
PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NYSE: NCLH
- PE Ratio
As at Jun 3, 2026, the NCLH stock has a price-to-earnings ratio of 14.52. This is based on the current EPS of $1.25 and the stock price of $18.15 per share. A decrease of 14% has been recorded in the PE ratio compared to the average of 16.9 of the past four quarters.
NCLH PE ratio history
The mean historical PE ratio of Norwegian Cruise Line Holdings over the last ten years is 16.86. The current 14.52 price-to-earnings ratio is 14% 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: 92.85% in 2025
Maximum annual decrease: -76.04% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 23.74 | 92.85% | $22.32 | $0.94 |
| 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 |
Norwegian Cruise Line Holdings PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 14.96 | -36.98% | $18.7 | $1.25 |
| Dec 2025 | 23.74 | 43.62% | $22.32 | $0.94 |
| 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 |
NCLH Price vs fair value
NCLH average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
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 14.52 is below the Consumer Cyclical sector and the industry average. Looking at its Consumer Cyclical sector average of 20.17, Norwegian Cruise Line Holdings's P/E is 28% lower.
NCLH PE vs peers
When compared to its peer RCL, NCLH's PE ratio is lower, but it is higher than CCL's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CCL Carnival Corp | 11.73 | $39.36B |
| NCLH Norwegian Cruise Line Holdings Ltd | 15.19 | $8.72B |
| RCL Royal Caribbean Group | 17.42 | $77.25B |
Frequently asked questions
What is Norwegian Cruise Line Holdings's PE ratio?
As of Jun 3, 2026, NCLH stock has a price to earnings ratio of 14.52.
What is the 3-year average PE ratio for Norwegian Cruise Line Holdings (NCLH)?
The 3-year average PE ratio for NCLH stock is 20.28.
What is the 5-year average PE ratio for Norwegian Cruise Line Holdings (NCLH)?
The 5-year average PE ratio for NCLH stock is 20.28.
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 14% 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 (Jun 3, 2026), Norwegian Cruise Line Holdings's stock price is $18.15. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $1.25. Therefore, Norwegian Cruise Line Holdings's price to earnings ratio for today is 14.52. PE RATIO(14.52) = STOCK PRICE($18.15) / TTM EPS($1.25)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.