
NCLH
Norwegian Cruise Line Holdings Ltd
- Overview
- Forecast
- Valuation
- Earnings

Line
|

Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
23.860
Open
23.630
VWAP
23.68
Vol
9.16M
Mkt Cap
10.64B
Low
23.320
Amount
216.95M
EV/EBITDA(TTM)
10.07
Total Shares
446.81M
EV
24.45B
EV/OCF(TTM)
12.72
P/S(TTM)
1.26
Norwegian Cruise Line Holdings Ltd. is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. With a combined fleet of 32 ships and over 66,500 berths, it offers itineraries to over 700 destinations worldwide. Its brands offer itineraries to worldwide destinations, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. All its brands offer an assortment of features, amenities and activities, including a variety of accommodations, multiple dining venues, bars and lounges, spa, casino and retail shopping areas and numerous entertainment choices. All brands also offer a selection of shore excursions at each port of call, as well as air transportation and hotel packages for stays before or after a voyage. Norwegian’s ships cater to a variety of travelers with up to 20 dining options. Oceania Cruises offers onboard dining, with multiple open-seating dining venues.
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2025Q3
FY2025Q2
2.35B
+11.37%
0.257
-1.22%
3.06B
+8.89%
1.177
+18.89%
2.56B
+7.74%
0.513
+28.32%
Estimates Revision
The market is revising Downward the revenue expectations for Norwegian Cruise Line Holdings Ltd. (NCLH) for FY2025, with the revenue forecasts being adjusted by -0.78% over the past three months. During the same period, the stock price has changed by 36.58%.
Revenue Estimates for FY2025
Revise Downward

-0.78%
In Past 3 Month
EPS Estimates for FY2025
Revise Downward

-2.4%
In Past 3 Month
Stock Price
Go Up

+36.58%
In Past 3 Month
17 Analyst Rating

-2.14% Downside
Wall Street analysts forecast NCLH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NCLH is 23.31 USD with a low forecast of 18.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Buy
5 Hold
0 Sell
Moderate Buy

-2.14% Downside
Current: 23.820

Low
18.00
Averages
23.31
High
28.00

-2.14% Downside
Current: 23.820

Low
18.00
Averages
23.31
High
28.00
BofA
Neutral
maintain
$20 -> $27
2025-07-23
New
Reason
BofA
Price Target
$20 -> $27
2025-07-23
New
maintain
Neutral
Reason
BofA raised the firm's price target on Norwegian Cruise Line to $27 from $20 and keeps a Neutral rating on the shares. Cruise line stocks have "meaningfully" outperformed the market and other travel stocks, returning 72% on average since the market trough on April 8, the analyst noted. The firm, which expects positive commentary from cruise lines this earnings season, increased its targets across the group as it rolls valuations to 2026 and increased multiples after the recent re-rating.
TD Cowen
NULL -> Buy
initiated
$31
2025-07-21
Reason
TD Cowen
Price Target
$31
2025-07-21
initiated
NULL -> Buy
Reason
TD Cowen initiated coverage of Norwegian Cruise Line with a Buy rating and $31 price target. The firm views the cruise lines are "underappreciated" share gainers in the travel space. The cruise names offer a strong value proposition which will drive long-term share gains, the analyst tells investors in a research note. TD estimates annual revenue growth of 7% for the industry through 2029. It says Norwegian is a premium cruise line trading at an airline valuation multiple.
Citi
James Hardiman
Buy
maintain
$25 -> $30
2025-07-16
Reason
Citi
James Hardiman
Price Target
$25 -> $30
2025-07-16
maintain
Buy
Reason
Citi analyst James Hardiman raised the firm's price target on Norwegian Cruise Line to $30 from $25 and keeps a Buy rating on the shares. The firm believes "better-than-ever" demand dynamics and "lower-than-historical" supply growth dynamics are setting up a favorable pricing environment for the cruise lines that could last much longer than investors expect. Citi says recent data shows improving trends in May through July.
Barclays
Brandt Montour
Overweight
maintain
$22 -> $25
2025-07-09
Reason
Barclays
Brandt Montour
Price Target
$22 -> $25
2025-07-09
maintain
Overweight
Reason
Barclays analyst Brandt Montour raised the firm's price target on Norwegian Cruise Line to $25 from $22 and keeps an Overweight rating on the shares as part of a Q2 earnings preview for the cruise lines. The firm expects Royal Caribbean to report a "beat and raise" quarter, but says Norwegian Cruise Line is not as likely to do so. Barclays sees an "uneven" second half of the year quarterly cadence across operators, which it believes sets up for "nuanced" Q3 outlooks. The recent sector rally creates a "less-than-ideal tactical setup on the print," the analyst tells investors in a research note.
Jefferies
Buy
maintain
$24 -> $29
2025-07-07
Reason
Jefferies
Price Target
$24 -> $29
2025-07-07
maintain
Buy
Reason
Jefferies raised the firm's price target on Norwegian Cruise Line (NCLH) to $29 from $24 and keeps a Buy rating on the shares. The firm, which is updating its cruise line models ahead of Q2 earnings, notes that its yield estimates are "generally moving higher" given foreign exchange tailwinds and continued resilience in the space following Carnival's (CCL) report.
UBS
Neutral
downgrade
$29 -> $23
2025-06-30
Reason
UBS
Price Target
$29 -> $23
2025-06-30
downgrade
Neutral
Reason
UBS lowered the firm's price target on Norwegian Cruise Line to $23 from $29 and keeps a Neutral rating on the shares. The firm sees company-specific downside risk, with checks showing lower demand from North Americans into Europe, the analyst tells investors in a research note. UBS believes Norwegian may be focusing on ticket price protection and letting occupancy be lower, and is expecting Q3 occupancy to come in lower than the 108.1% last year.
See All Ratings
Valuation Metrics
The current forward P/E ratio for Norwegian Cruise Line Holdings Ltd (NCLH.N) is 11.17, compared to its 5-year average forward P/E of 26.35. For a more detailed relative valuation and DCF analysis to assess Norwegian Cruise Line Holdings Ltd 's fair value, click here.
Forward PE
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A
5Y Average PE
26.35
Current PE
11.17
Overvalued PE
129.92
Undervalued PE
-77.23
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A
5Y Average EV/EBITDA
-5.94
Current EV/EBITDA
9.10
Overvalued EV/EBITDA
39.08
Undervalued EV/EBITDA
-50.96
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A
5Y Average PS
6.25
Current PS
1.03
Overvalued PS
27.31
Undervalued PS
-14.82
Financials
Annual
Quarterly
FY2025Q1
YoY :
-2.91%
2.13B
Total Revenue
FY2025Q1
YoY :
-7.99%
200.94M
Operating Profit
FY2025Q1
YoY :
-332.21%
-40.30M
Net Income after Tax
FY2025Q1
YoY :
-325.00%
-0.09
EPS - Diluted
FY2025Q1
YoY :
-254.29%
-846.00M
Free Cash Flow
FY2025Q1
YoY :
+5.02%
27.84
Gross Profit Margin - %
FY2025Q1
YoY :
+13.90%
-5.90
FCF Margin - %
FY2025Q1
YoY :
-339.24%
-1.89
Net Margin - %
FY2025Q1
N/A
ROIC
Trading Trends
Insider
Insiders areSelling! The selling amount has increased 264.18% over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
3.6M
USD
2
0-12
Months
995.1K
USD
2
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
1
197.1K
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
998.5K
Volume
1
6-9
Months
655.4K
Volume
2
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
5
9.4M
Volume
Months
6-9
6
5.6M
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
8.0K
USD
1
6-9
Months
8.0K
USD
1
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Insider
Insiders areSelling! The selling amount has increased 264.18% over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
3.6M
USD
2
0-12
Months
995.1K
USD
2
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
1
197.1K
USD
Months
0-12
0
0.0
USD
Months
NCLH News & Events
Events Timeline
2025-06-26 (ET)
2025-06-26
10:19:58
JetBlue's Paisly expands cruise portfolio with four cruise line partners

2025-06-24 (ET)
2025-06-24
09:55:01
Early notable gainers among liquid option names on June 24th

2025-06-24
09:21:41
Cruise stocks rise after Carnival beats earnings expectations

Sign Up For More Events
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News
3.0
07-25NASDAQ.COMAMC Entertainment (AMC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
2.0
07-22NASDAQ.COMNorwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know
5.0
07-17PRnewswireOceania Cruises® Set to Delight Gourmands with Debut of New Gérard Bertrand Food and Wine Pairing Experience
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FAQ

What is Norwegian Cruise Line Holdings Ltd (NCLH) stock price today?
The current price of NCLH is 23.82 USD — it has increased 1.36 % in the last trading day.

What is Norwegian Cruise Line Holdings Ltd (NCLH)'s business?

What is the price predicton of NCLH Stock?

What is Norwegian Cruise Line Holdings Ltd (NCLH)'s revenue for the last quarter?

What is Norwegian Cruise Line Holdings Ltd (NCLH)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for Norwegian Cruise Line Holdings Ltd (NCLH)'s fundamentals?

How many employees does Norwegian Cruise Line Holdings Ltd (NCLH). have?
