Norwegian Cruise Line Holdings (NCLH) EV to EBITDA (2013 - 2026)
Norwegian Cruise Line Holdings' (NCLH) EV to EBITDA came in at 3.44 for Q2 2026, down 1.9% from 3.51 a year earlier but up 14.1% from the prior quarter.
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Analysis
Norwegian Cruise Line Holdings (NCLH) EV to EBITDA (2013 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EV to EBITDA at Norwegian Cruise Line Holdings was 3.24, up 0.2% year-over-year; for FY2025, it was 3.65, down 19.9% from FY2024.
- In prior years, Norwegian Cruise Line Holdings' EV to EBITDA was 4.56 in FY2024 (+1.8%) and 4.48 in FY2023.
- Quarterly EV to EBITDA has run from a low of 3.02 in Q1 2026 to a high of 12.64 in Q2 2023 over five years.
- On a year-over-year basis, EV to EBITDA has declined in each of the last three quarters, with an average decline of 6.8% over the last eight quarters.
- The strongest year-over-year quarter for EV to EBITDA in the past five years was Q3 2025, with growth of 13.2%; the weakest was Q2 2024, with a decline of 71.8%.
- According to Business Quant data, EV to EBITDA for the three prior quarters was 3.02 (Q1 2026), 3.65 (Q4 2025) and 4.21 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 94.30 Bn | 92.35 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 73.03 Bn | 69.51 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 69.73 Bn | 67.31 Bn | 2.29 Bn |
| 4 | Viking Holdings | 35.48 Bn | 20.60 Bn | 996.62 Mn |
| 5 | Carnival | 33.80 Bn | 27.01 Bn | - |
| 6 | Intercontinental Hotels | 26.86 Bn | 22.41 Bn | - |
| 7 | Trip.com | 25.10 Bn | -20.45 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 15.28 Bn | 12.76 Bn | 388.00 Mn |
| 9 | H World | 13.25 Bn | 4.18 Bn | - |
| 10 | Norwegian Cruise Line Holdings | 6.80 Bn | 6.02 Bn | 1.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.44 |
| Mar 31, 2026 | 3.02 |
| Dec 31, 2025 | 3.65 |
| Sep 30, 2025 | 4.21 |
| Jun 30, 2025 | 3.51 |
| Mar 31, 2025 | 3.39 |
| Dec 31, 2024 | 4.56 |
| Sep 30, 2024 | 3.72 |
| Jun 30, 2024 | 3.56 |
| Mar 31, 2024 | 4.09 |
| Dec 31, 2023 | 4.48 |
| Sep 30, 2023 | 4.55 |
| Jun 30, 2023 | 12.64 |
| Dec 31, 2019 | 6.68 |
| Sep 30, 2019 | 5.84 |
| Jun 30, 2019 | 6.04 |
| Mar 31, 2019 | 6.36 |
| Dec 31, 2018 | 5.07 |
| Sep 30, 2018 | 7.14 |
| Jun 30, 2018 | 6.17 |
API Access
Norwegian Cruise Line Holdings EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "NCLH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();