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Norwegian Cruise Line Holdings valuation and forecast

Explore the models for Norwegian Cruise Line Holdings, adjust their assumptions and compare your own valuation with the platform's.

Your valuation workspace

What is NCLH worth to you?

Start with the company's financial data. Make the assumptions your own.

7 models available

01 / Assumptions

Follow the forecast

The cash flows behind your value

USD per share
View annual figures
Forecast yearCash flow / share

Negative cash flows are shown in terracotta. Before the terminal value and equity bridge. Residual-income models show excess earnings; dividend models show dividends.

See the range of possibilities

Compare and combine your models

Your weighted value—

Weights start with the platform's included models. Change them to build your own combination. Select a model name to edit its assumptions.

ModelYour value / shareWeight

The platform's price and consistency filters are not reapplied to your scenarios.

Other model types 15 unavailable for NCLH

Justified price-to-book

return on equity is not positive

Revenue-to-maturity model

revenue and margins don't support a positive value

Cash-flow DCF

This model does not apply to this company with the available financial data.

P/B vs return on equity

This model does not apply to this company with the available financial data.

Peer price-to-book

This model does not apply to this company with the available financial data.

Peer P/E

This model does not apply to this company with the available financial data.

Peer price-to-FFO

This model does not apply to this company with the available financial data.

Peer price-to-sales

This model does not apply to this company with the available financial data.

Two-stage dividend discount

This model does not apply to this company with the available financial data.

Growing-dividend model

This model does not apply to this company with the available financial data.

REIT funds from operations

This model does not apply to this company with the available financial data.

Utility earnings

This model does not apply to this company with the available financial data.

Book value / net assets

This model does not apply to this company with the available financial data.

Reported crypto treasury NAV

This model does not apply to this company with the available financial data.

Proved-reserve NAV

This model does not apply to this company with the available financial data.

Model values are estimates under the assumptions shown. They are not share-price forecasts or investment advice.

Valuation models compared

Forward price-to-earnings vs peersNext year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
~$22~$18–$32
Forward price-to-sales vs peersNext year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative.
~$43~$40–$88
Models combinedweighted average of 2 models; primary model counts double
~$29~$22–$43

Different models answer different questions: the cash-flow models ask what the business generates for owners; the peer multiples ask what similar companies in our coverage trade on. Where they disagree, the gap is the story. Projections are estimates based on current data, updated daily. Not investment advice. How each model works.

Analyst recommendations

26 analysts, Oct 2026
Buy935%
Hold1662%
Sell14%

Monthly trend

  1. Oct 202681626
  2. Sep 202691727
  3. Aug 202691727
  4. Jul 2026101627

Counts of recommendations published by analysts covering Norwegian Cruise Line Holdings, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Price history

Loading chart…

Third-party market data · may be delayed

How our value has changed

Our value per share (re-run on each quarter's filings) Share price, month end
$10 $20 $30 201820192020202120222023202420252026
View the data
PeriodOur value per share
FY2017 Q1 (backtest)$2.65
FY2018 Q4 (backtest)$2.18
FY2019 Q1 (backtest)$6.78
FY2019 Q2 (backtest)$31.07
FY2019 Q3 (backtest)$24.44

Our model re-run on each past quarter's filed figures: how the method would have valued Norwegian Cruise Line Holdings at the time (a backtest — our dated public record starts at launch). The grey line is the share price at month end, for comparison.

NCLH valuation questions

How does Fundamentalytics value Norwegian Cruise Line Holdings?
We use the models that fit Norwegian Cruise Line Holdings's business and available financial data: forward price-to-earnings vs peers, forward price-to-sales vs peers. Each model has its own assumptions and data requirements. The calculator explains which models are available and lets you adjust their inputs.

Data: SEC EDGAR filings, retrieved October 30, 2026. Method: how we value companies. Disclosures: research and recommendations disclosure. Back to Norwegian Cruise Line Holdings.

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