Norwegian Cruise Line Holdings (NCLH) EV to EBITDA (2013 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly EV to EBITDA came in at 26.08 in Q2 2026, up 24.5% year-over-year from 20.95 in Q2 2025, and down 27.68% quarter-over-quarter from 36.06 in Q1 2026.
Analysis
Norwegian Cruise Line Holdings (NCLH) EV to EBITDA (2013 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has disclosed EV to EBITDA across 14 years of filings, most recently posting 26.08 for Q2 2026.
- In Q2 2026, EV to EBITDA rose 24.5% year-over-year to 26.08; the TTM figure through Jun 2026 stood at 6.18 (up 6.62% YoY), while the FY2025 annual figure was 6.38, down 16.0% from the prior year.
- EV to EBITDA came in at 26.08 for Q2 2026 at Norwegian Cruise Line Holdings, down from 36.06 in the prior quarter.
- In the past five years, EV to EBITDA ranged from a high of 466.91 in Q1 2023 to a low of 19.37 in Q3 2022.
- Average EV to EBITDA over 5 years is 46.72, with a median of 24.26 recorded in 2024.
- Year-over-year, EV to EBITDA soared 4672.49% in 2023 and sank 91.74% in 2024.
- Over 5 years, EV to EBITDA stood at 14.99 in 2022, then jumped by 536.05% to 65.35 in 2023, then decreased by 20.72% to 51.82 in 2024, then advanced by 2.9% to 53.32 in 2025, then tumbled by 51.09% to 26.08 in 2026.
- Per Business Quant data, the three most recent EV to EBITDA figures were 26.08 in Q2 2026, 36.06 in Q1 2026, and 53.32 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.08 |
| Mar 31, 2026 | 36.06 |
| Dec 31, 2025 | 53.32 |
| Sep 30, 2025 | 14.74 |
| Jun 30, 2025 | 20.95 |
| Mar 31, 2025 | 40.92 |
| Dec 31, 2024 | 51.82 |
| Sep 30, 2024 | 12.57 |
| Jun 30, 2024 | 22.45 |
| Mar 31, 2024 | 38.55 |
| Dec 31, 2023 | 65.35 |
| Sep 30, 2023 | 12.09 |
| Jun 30, 2023 | 30.66 |
| Mar 31, 2023 | 466.91 |
| Dec 31, 2022 | -14.99 |
| Sep 30, 2022 | -19.37 |
| Jun 30, 2022 | -6.95 |
| Mar 31, 2022 | -10.21 |
| Dec 31, 2021 | -10.05 |
| Sep 30, 2021 | -11.53 |