NCLH Norwegian Cruise Line Holdings PE ratio, current and historical analysis
As at Apr 2, 2025, the NCLH stock has a price-to-earnings ratio of 9.33. This is based on the current EPS of $2.09 and the stock price of $19.5 per share. A decrease of 50% has been recorded in the PE ratio compared to the average of 18.5 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 19.76. The current 9.33 price-to-earnings ratio is 53% 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 Dec 2018 quarter saw the lowest point at 9.9, with a price of $42.39 and an EPS of $4.28.
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 |
|---|---|---|---|---|
| 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 |
| Dec 2021 | N/A | N/A | $20.74 | -$12.33 |
| Sep 2021 | N/A | N/A | $26.71 | -$10.59 |
| Jun 2021 | N/A | N/A | $29.41 | -$10.8 |
NCLH average PE ratio chart
Currently, NCLH's PE ratio is lower than the 3, 5 and 10-year averages.
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 | 9.33 | $8.58B |
| CCL Carnival Corp | 12.43 | $27.12B |
| RCL Royal Caribbean Group | 19.28 | $57.07B |
Frequently asked questions
What is Norwegian Cruise Line Holdings's PE ratio?
As of Apr 2, 2025, NCLH stock has a price to earnings ratio of 9.33.
What is the 3-year average PE ratio for Norwegian Cruise Line Holdings (NCLH)?
The 3-year average PE ratio for NCLH stock is 25.09.
What is the 5-year average PE ratio for Norwegian Cruise Line Holdings (NCLH)?
The 5-year average PE ratio for NCLH stock is 25.09.
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 53% below its 10-year historical average.
Why is Norwegian Cruise Line Holdings's PE ratio so low?
NCLH's PE ratio of 9.33 is considered low because the company's stock price is trading at a lower multiple of earnings.
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 (Apr 2, 2025), Norwegian Cruise Line Holdings's stock price is $19.5. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $2.09. Therefore, Norwegian Cruise Line Holdings's price to earnings ratio for today is 9.33. PE RATIO(9.33) = STOCK PRICE($19.5) / TTM EPS($2.09)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.