Norwegian Cruise Line Holdings Ltd.
NCLHNorwegian Cruise Line Holdings Ltd.'s three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: the price moved −18.1% in a year while annual EPS moved −51.3% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a downtrend (6 weeks in). Underneath, the last four quarters read improving, and 410% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Norwegian Cruise Line Holdings Ltd. trades at $20.1, in a downtrend and 6 weeks into that stage. That is −0.9% against its own 200-day average. It sits at 41% of a 52-week range of $16 to $27. On relative strength it has been ahead of the S&P 500 on a trailing-13-week view for 1 straight week.
Today the stock is in a downtrend — week 6 of stage 4. At $20.1 it trades −0.9% versus its 200-day average and sits at 41% of its 52-week range ($16–$27).
Against the market, two honest reads. Cumulative: over the last 10.1 years the stock moved −52% while the S&P 500 moved +263% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of $1 of annual profit: how many dollars the market pays for each dollar the company earns in a year.
Norwegian Cruise Line Holdings Ltd. trades at 12.7× P/E, against too little history to rank. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 12.7× is against too little history to rank. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −51.3% against a −18.1% price move — the price outran earnings, pushing the multiple UP its own range.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Norwegian Cruise Line Holdings Ltd. reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 12 quarters across 2 curves, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +3.7% | +26.6% | — | — |
| Profit | −53.8% | — | — | — |
| EPS | −51.3% | — | — | — |
| Stock price | −18.1% | +3.8% | −4.2% | −7.4% |
4-Factor Sector Score
39.8/100 — rank 11 of 14 in Travel Services · 58% evidence confidence
Norwegian Cruise Line Holdings Ltd. scores 39.8 out of 100 against the 14 companies it is compared with in Travel Services, ranking 11. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
The four contributions add to the total exactly: 14.2 + 9.5 + 11.2 + 4.9 = 39.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Norwegian Cruise Line Holdings Ltd. reported $2.3 B of revenue in the Mar 26 quarter, +9.4% year on year. That is the 4th straight quarter of year-on-year growth. Over 4 years it has compounded at 97.2% a year. The last full year, FY25, came in at $9.8 B. The last four reported quarters add to $10.0 B.
FY25 revenue came in at $9.8 B (+3.7% on the year), capping 4 years at 97.2% compound. The latest quarter (Mar 26) printed $2.3 B, +9.4% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +6.6% growth against the decade's 97.2% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +6.5% over the last 4 quarters against +6.0%/yr over the last 8 — stabilising; TTM profit −33.3% vs +26.5%/yr — rolling over.
Operating margin Operating margin is what is left of every $100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Norwegian Cruise Line Holdings Ltd.'s operating margin is 9.9% in the Mar 26 quarter, +0.5 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 5 fiscal years the operating margin has ranged −392.3% to 15.9%. The current quarter sits inside that band.
The latest quarter's operating margin is 9.9%, +0.5 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged −392.3%–15.9%, and FY25's 15.9% is the top of that band — a record year.
Why the margin moved: operating margin went +0.5 pp year on year while gross margin went +2.3 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Norwegian Cruise Line Holdings Ltd. earned $0.1 B of net profit in the Mar 26 quarter. Full-year FY25 profit was $0.4 B. That is 4.3% of the quarter's revenue. The same quarter a year earlier lost $0.04 B. 2 of the last 12 reported quarters were loss-making.
Mar 26 profit was $0.1 B, null year on year. On the full year, FY25 printed $0.4 B (−53.8%).
Pace comparison, last four quarters: profit −62.6% vs revenue +6.6%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 410% of Norwegian Cruise Line Holdings Ltd.'s reported profit arrived as operating cash — the cash follows the profit. In FY25 that was $2.1 B of operating cash against $0.4 B of profit. After $3.3 B of capital spending, $−1.2 B was left as free cash.
FY25: operating cash of $2.1 B against reported profit of $0.4 B, leaving free cash of $−1.2 B after $3.3 B of capital spending. Across the last 3 fiscal years the conversion rate is 410% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why: conversion is measured cleanly, but the working-capital day-counts behind it sit below what we hold — the move is shown without inventing its driver.
Router verdict: the visible cash user is investment — the next section checks what the spending is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Norwegian Cruise Line Holdings Ltd. does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran $7.0 B over the last 3 years. Averaged over those years that is 23.7% of FY25 revenue a year.
Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.
On the investment side: capital spending of $7.0 B over the last 3 fiscal years.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on equity Return on equity (ROE) is the profit the business earns on its shareholders’ money. With the full capital-employed split not in our numbers, ROE is the cleanest long ladder we can draw here.
Norwegian Cruise Line Holdings Ltd. earns a ROE of 19% in FY25. That is up from a trough of −3,243% in FY22. Return on invested capital clears the cost of that capital by +0.3 percentage points, so growth here adds value rather than only size. The wiring behind it is 4.3% net margin on 0.44× asset turns.
FY25 ROE is 19%, recovered from a FY22 trough of −3,243% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY25): 4.3% net margin × 0.44× asset turns × 10.20× balance-sheet leverage ≈ 19.3% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 8.3% − 8.0% = a +0.3 pp spread. The 8.0% is an estimate of this company's own cost of capital — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
Dividend
Norwegian Cruise Line Holdings Ltd. pays no dividend. Across the last 12 reported quarters it has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings rather than distribute them, which makes the cash-flow and reinvestment sections the place that cash shows up.
Norwegian Cruise Line Holdings Ltd. does not currently pay a dividend. Across the last 12 reported quarters the company has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings instead of distributing them.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Norwegian Cruise Line Holdings Ltd. carries total debt of $15.0 B against shareholder equity of $2.6 B as of Jun 26, a debt-to-equity of 5.85. On the annual view that ratio went from 5.12 in FY21 to 6.61 in FY25. Read the returns elsewhere on this page with that leverage in mind.
Jun 26: total debt of $15.0 B against shareholder equity of $2.6 B — a debt-to-equity of 5.85. On the annual view, debt-to-equity went from 5.12 (FY21) to 6.61 (FY25). Read the returns on this page with that leverage in mind.
Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.
17.9% of Norwegian Cruise Line Holdings Ltd.'s tradable float is currently sold short — a large bloc is positioned against it. At typical trading volumes those positions would take about 4.8 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.
The latest reading: 17.9% of the float is sold short, and at typical trading volumes it would take about 4.8 days to buy those positions back. A large bloc is positioned against it. This is a single point-in-time reading — we do not yet hold its history, so we show no trend chart.
Why it sits there: who is doing the shorting, and why, does not travel with the number — the level is shown without inventing its story.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Norwegian Cruise Line Holdings Ltd.: the Z-score reads 0.35. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits inside the distress zone. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
🚨 Why it matters: a Z-score of 0.35 is inside the distress zone — the balance sheet is a real risk, not a detail.
The safety line in one sentence: the Z-score reads 0.35.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Lindblad Expeditions Holdings, Inc.LIND | 60.7/100Mixed-positive evidence61% evidence | BREAKING OUT | 20.8/35 Revenue 19.1% · PAT — · OPM change 1.6 pp 62% evidence | 10.3/25 ROCE 3.1% · OPM 7.5% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 19.6/20 RS sector 58.9% · RS bench 71.8% · 1Y 175.8%11 of 12 weeks ahead 100% evidence |
| Exact sum: 20.8 + 10.3 + 10 + 19.6 = 60.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Pursuit Attractions and Hospitality, Inc.PRSU | 60.3/100Mixed-positive evidence75% evidence | LEADER | 29.2/35 Revenue 27.3% · PAT 100% · OPM change 39.7 pp 83% evidence | 6.3/25 ROCE -2.8% · OPM -43.5% 76% evidence | 9.3/20 P/E 37× · PEG 1.27 65% evidence | 15.5/20 RS sector 8.8% · RS bench 17.6% · 1Y 47.3%12 of 12 weeks ahead 70% evidence |
| Exact sum: 29.2 + 6.3 + 9.3 + 15.5 = 60.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Booking Holdings Inc.BKNG | 59.6/100Mixed-positive evidence81% evidence | TURNING | 22.5/35 Revenue 14.9% · PAT 13.2% · OPM change 0.7 pp 83% evidence | 19.2/25 ROCE 13.6% · OPM 23% 76% evidence | 11.6/20 P/E 22.2× · PEG 1.22 65% evidence | 6.3/20 RS sector -15.7% · RS bench -9.3% · 1Y -10.2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 22.5 + 19.2 + 11.6 + 6.3 = 59.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Expedia Group, Inc.EXPE | 58.9/100Mixed-positive evidence74% evidence | TURNING | 23.6/35 Revenue 10% · PAT 27.8% · OPM change 9.6 pp 62% evidence | 12.7/25 ROCE 3.4% · OPM 7.3% 76% evidence | 5.7/20 P/E 20.3× · PEG 3.27 65% evidence | 16.9/20 RS sector 6.5% · RS bench 14.9% · 1Y 59.8%4 of 12 weeks ahead 100% evidence |
| Exact sum: 23.6 + 12.7 + 5.7 + 16.9 = 58.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Royal Caribbean Cruises Ltd.RCL | 53.1/100Thin evidence · provisional58% evidence | TURNING | 18.2/35 Revenue — · PAT — · OPM change 2.5 pp 45% evidence | 15.8/25 ROCE 4.3% · OPM 26.1% 76% evidence | 11.0/20 P/E 19.6× · PEG — 15% evidence | 8.1/20 RS sector -8.2% · RS bench -1.1% · 1Y 8.1%4 of 12 weeks ahead 100% evidence |
| Exact sum: 18.2 + 15.8 + 11 + 8.1 = 53.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 6Viking Holdings LtdVIK | 52.9/100Mixed-positive evidence64% evidence | BREAKING OUT | 21.1/35 Revenue 20.8% · PAT 100% · OPM change 2.1 pp 62% evidence | 7.2/25 ROCE 0.2% · OPM 1.1% 76% evidence | 9.9/20 P/E 27.3× · PEG — 15% evidence | 14.7/20 RS sector 18.7% · RS bench 28.4% · 1Y 90%11 of 12 weeks ahead 100% evidence |
| Exact sum: 21.1 + 7.2 + 9.9 + 14.7 = 52.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Travel + Leisure Co.TNL | 49.4/100Thin evidence · provisional58% evidence | TURNING | 17.2/35 Revenue — · PAT — · OPM change -0.2 pp 45% evidence | 15.1/25 ROCE 3.1% · OPM 16.5% 76% evidence | 10.4/20 P/E 20.9× · PEG — 15% evidence | 6.7/20 RS sector -5.9% · RS bench 1.7% · 1Y 32.6%3 of 12 weeks ahead 100% evidence |
| Exact sum: 17.2 + 15.1 + 10.4 + 6.7 = 49.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 8Airbnb, Inc.ABNB | 48.7/100Mixed-negative evidence81% evidence | TURNING | 17.2/35 Revenue 12.6% · PAT -0.8% · OPM change 1.5 pp 83% evidence | 9.9/25 ROCE 0.9% · OPM 3.2% 76% evidence | 14.6/20 P/E 31.1× · PEG 0.6 65% evidence | 7.0/20 RS sector -5.2% · RS bench 2.4% · 1Y 23.9%1 of 12 weeks ahead 100% evidence |
| Exact sum: 17.2 + 9.9 + 14.6 + 7 = 48.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Carnival Corporation Ltd.CCL | 42.8/100Mixed-negative evidence85% evidence | TURNING | 13.4/35 Revenue 5.2% · PAT 21.4% · OPM change -2 pp 95% evidence | 9.7/25 ROCE 2.2% · OPM 12.8% 76% evidence | 15.5/20 P/E 12.6× · PEG 0.63 65% evidence | 4.2/20 RS sector -13.7% · RS bench -6.9% · 1Y 4.3%4 of 12 weeks ahead 100% evidence |
| Exact sum: 13.4 + 9.7 + 15.5 + 4.2 = 42.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 10MakeMyTrip LimitedMMYT | 42.8/100Mixed-negative evidence71% evidence | BREAKING OUT | 15.9/35 Revenue 6.8% · PAT -46.3% · OPM change 3.3 pp 83% evidence | 12.1/25 ROCE 3% · OPM 16% 76% evidence | 8.8/20 P/E 103.6× · PEG — 15% evidence | 6.0/20 RS sector -21% · RS bench -15.5% · 1Y -33.1%5 of 12 weeks ahead 100% evidence |
| Exact sum: 15.9 + 12.1 + 8.8 + 6 = 42.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Norwegian Cruise Line Holdings Ltd.this pageNCLH | 39.8/100Thin evidence · provisional58% evidence | TURNING | 14.2/35 Revenue — · PAT — · OPM change 0.6 pp 45% evidence | 9.5/25 ROCE 2.2% · OPM 10% 76% evidence | 11.2/20 P/E 13.2× · PEG — 15% evidence | 4.9/20 RS sector -20.9% · RS bench -14.9% · 1Y -16.4%1 of 12 weeks ahead 100% evidence |
| Exact sum: 14.2 + 9.5 + 11.2 + 4.9 = 39.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 12Global Business Travel Group, Inc.GBTG | 38.0/100Mixed-negative evidence64% evidence | FADING | 13.0/35 Revenue 20.7% · PAT — · OPM change -8.5 pp 62% evidence | 5.5/25 ROCE 0.1% · OPM 0.4% 76% evidence | 9.3/20 P/E 34.9× · PEG — 15% evidence | 10.2/20 RS sector 2.7% · RS bench 10.6% · 1Y 25.6%11 of 12 weeks ahead 100% evidence |
| Exact sum: 13 + 5.5 + 9.3 + 10.2 = 38 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Tripadvisor, Inc.TRIP | 31.1/100Thin evidence · provisional58% evidence | BREAKING OUT | 10.7/35 Revenue 2% · PAT -64.2% · OPM change -2.7 pp 62% evidence | 5.9/25 ROCE -1.4% · OPM -6.6% 76% evidence | 8.5/20 P/E 106.6× · PEG — 15% evidence | 6.0/20 RS sector -12% · RS bench -5.6% · 1Y -20.3%9 of 12 weeks ahead 70% evidence |
| Exact sum: 10.7 + 5.9 + 8.5 + 6 = 31.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 14NusaTrip IncorporatedNUTR | 37.1/100Thin evidence · provisional26% evidence | 11.7/35 Revenue 0% · PAT — · OPM change -120.2 pp 33% evidence | 5.4/25 ROCE -15% · OPM -162.3% 57% evidence | 10.0/20 P/E — · PEG — 0% evidence | 10.0/20 RS sector — · RS bench — · 1Y 103.2% 0% evidence | |
| Exact sum: 11.7 + 5.4 + 10 + 10 = 37.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Norwegian Cruise Line Holdings Ltd.'s stock price today?
Norwegian Cruise Line Holdings Ltd. trades at $20.1, −18.1% over the past year. The company is valued at $9.0 B. The stock sits at 41% of its 52-week range of $16–$27, −0.9% versus its 200-day average. On the tape, the price is in a downtrend, 6 weeks in. — as of 5 August 2026.
What were Norwegian Cruise Line Holdings Ltd.'s latest quarterly results?
Norwegian Cruise Line Holdings Ltd. reported revenue of $2.3 B and net profit of $0.1 B for the Mar 26 quarter. Earnings per share were $0.23. The operating margin was 9.9%, 0.5 pp higher than a year earlier. — as of 5 August 2026.
What is Norwegian Cruise Line Holdings Ltd.'s revenue?
Norwegian Cruise Line Holdings Ltd. reported revenue of $2.3 B in the Mar 26 quarter, +9.4% year on year. For the full FY25 fiscal year, revenue was $9.8 B (+3.7%). Over the last 4 years revenue compounded at 97.2% a year. — as of 5 August 2026.
What is Norwegian Cruise Line Holdings Ltd.'s profit?
Norwegian Cruise Line Holdings Ltd. earned $0.1 B of net profit in the Mar 26 quarter. Full-year FY25 profit was $0.4 B. The operating margin ran 9.9% in the latest quarter. — as of 5 August 2026.
What is Norwegian Cruise Line Holdings Ltd.'s market cap?
Norwegian Cruise Line Holdings Ltd.'s market capitalisation is $9.0 B at a stock price of $20.1. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 5 August 2026.
Does Norwegian Cruise Line Holdings Ltd. pay a dividend?
No — Norwegian Cruise Line Holdings Ltd. has declared no dividend per share in any of its last 12 reported quarters, so there is no payout history and no yield to quote. That is a reading of the filed statements, not an estimate. — as of 5 August 2026.
How is Norwegian Cruise Line Holdings Ltd. performing?
Norwegian Cruise Line Holdings Ltd. is in a downtrend, 6 weeks in. Against the S&P 500 it has been ahead on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 5 August 2026.
Is Norwegian Cruise Line Holdings Ltd. in an uptrend?
No — the price is in a downtrend (week 6 of stage 4), trading −0.9% versus its 200-day average and at 41% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 5 August 2026.
Is Norwegian Cruise Line Holdings Ltd. beating the market?
On recent form, yes — Norwegian Cruise Line Holdings Ltd. has been ahead of the S&P 500 on a trailing-13-week view for 1 straight week, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.1 years the stock moved −52% against the S&P 500's +263% — behind the index over the full window. — as of 5 August 2026.
Will Norwegian Cruise Line Holdings Ltd.'s stock price go up?
This page publishes no price forecast for Norwegian Cruise Line Holdings Ltd. What it measures instead: the stock price is $20.1, the price is in a downtrend 6 weeks in. Direction is not something this site claims to know. — as of 5 August 2026.
Is the market betting against Norwegian Cruise Line Holdings Ltd.?
Yes — short interest is 17.9% of Norwegian Cruise Line Holdings Ltd.'s tradable float, about 4.8 days to cover at typical volumes. A crowded short: a large bloc is positioned against it. With no quarter-by-quarter holder register here, short interest is the cleanest crowd read we hold — as of 5 August 2026.
Does Norwegian Cruise Line Holdings Ltd. have too much debt?
It carries real leverage — Norwegian Cruise Line Holdings Ltd.'s debt-to-equity is 6.21. A year-by-year borrowings ladder is not in our numbers for this stock, so the latest reading is the cleanest hold. Read the returns on this page with that leverage in mind — as of 5 August 2026.
What is Norwegian Cruise Line Holdings Ltd.'s capex?
Norwegian Cruise Line Holdings Ltd. spent $7.0 B on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was $3.3 B. — as of 5 August 2026.
What is Norwegian Cruise Line Holdings Ltd.'s cash flow?
Norwegian Cruise Line Holdings Ltd. generated $2.1 B of operating cash flow in FY25 and $−1.2 B of free cash flow after $3.3 B of capital spending. Reported profit that year was $0.4 B, so operating cash ran ahead of profit. — as of 5 August 2026.
Is Norwegian Cruise Line Holdings Ltd.'s profit real cash?
Yes — over the last 3 fiscal years, 410% of Norwegian Cruise Line Holdings Ltd.'s reported profit arrived as operating cash. In FY25, operating cash was $2.1 B against reported profit of $0.4 B. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 5 August 2026.
How financially safe is Norwegian Cruise Line Holdings Ltd.?
On the balance sheet, the Z-score reads 0.35 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That is inside the danger band — a real balance-sheet risk. — as of 5 August 2026.
Where is Norwegian Cruise Line Holdings Ltd. in its business cycle?
Norwegian Cruise Line Holdings Ltd.'s FY25 operating margin was 15.9%, against a 5-year band of −392.3%–15.9%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 9.9%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 5 August 2026.
What could break the Norwegian Cruise Line Holdings Ltd. story?
The sharpest disagreement: the price moved −18.1% in a year while annual EPS moved −51.3% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 5 August 2026.
Is Norwegian Cruise Line Holdings Ltd. a stock worth studying right now?
This is not investment advice. The machine read: Norwegian Cruise Line Holdings Ltd.'s three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 5 August 2026.