# Norwegian Cruise Line Holdings Ltd. share price today (Norwegian Cruise Line Holdings Ltd., NCLH)

> Norwegian Cruise Line Holdings Ltd.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NCLH · Consumer Discretionary · Travel Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/nclh

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## Key numbers

- Price: $17.42 (−22.3% in a year)
- P/E: 9.8×, over 2.8 years
- Revenue (Jun 2026): $2.6 B (+4.9% on a year ago)
- Profit (Jun 2026): $223 M (+642.0% on a year ago)
- Operating margin: 14.0% (−2.8 points on a year ago)
- ROE: 19%, FY25
- ROIC: 7.7%, against a 7.2% cost of capital: +0.5 points
- Profit that came in as cash: 410%, last 3 years

The main question: the share price moved −22.3% in a year while yearly earnings per share moved −51.6%. The difference came from the market paying a higher multiple. ## What is the Norwegian Cruise Line Holdings Ltd. share price today? Norwegian Cruise Line Holdings Ltd.'s share price was $17.42 at the close on 3 November 2026. It has been falling for 19 weeks. That is 6.6% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 11 weeks running. In the last 52 weeks it traded between $14 and $25, and at that close it sat 31% of the way up from that low. Over the last 10 years the share price moved −59% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Norwegian Cruise Line Holdings Ltd. pay? Norwegian Cruise Line Holdings Ltd. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Norwegian Cruise Line Holdings Ltd. on? Norwegian Cruise Line Holdings Ltd. is on one of our US lists: S&P 500 companies. [S&P 500 companies](https://www.sectoralpha.in/sp-500-stocks)

## Is Norwegian Cruise Line Holdings Ltd. profitable? Norwegian Cruise Line Holdings Ltd. earned $223 M of net profit in the Jun 2026 quarter, +642.0% on the same quarter a year earlier. Full-year FY25 profit was $423 M. That is 8.4% of the quarter's revenue. The same quarter a year earlier earned $30.0 M. 2 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $423 M (−53.5% on the year before). Why profit moved: revenue changed +4.9% on a year earlier and the margin moved −2.8 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +178.6% and revenue +6.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Norwegian Cruise Line Holdings Ltd. make, and is it growing? Norwegian Cruise Line Holdings Ltd. reported $2.6 B of revenue in the Jun 2026 quarter, +4.9% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown 97.3% a year on average. The last full year, FY25, came in at $9.8 B. The last four reported quarters add to $10.2 B. FY25 revenue was $9.8 B, +3.7% on the year before. Recent pace: the last four quarters grew +6.4% on average, against 97.3% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +6.2%, against +5.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +5.8%, against +34.6% a year (rolling over). ## How much of every $100 of sales does Norwegian Cruise Line Holdings Ltd. keep? Norwegian Cruise Line Holdings Ltd.'s operating margin was 14.0% in the Jun 2026 quarter, 2.8 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −393.9% and 15.9%. The latest quarter is within that range. Across 5 years it has been between −393.9% and 15.9%, and FY25's 15.9% is the highest of them. Why the margin moved: operating margin changed −2.8 percentage points on the year while gross margin changed −2.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Norwegian Cruise Line Holdings Ltd.'s profit turning into cash? Over the last 3 years, 410% of Norwegian Cruise Line Holdings Ltd.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $2.1 B of operating cash against $423 M of profit. After $3.3 B of spending on assets, free cash was −$1.2 B: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Norwegian Cruise Line Holdings Ltd.'s cash go? Norwegian Cruise Line Holdings Ltd. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $7.2 B on assets over the last 3 years. Averaged over those years that is 24.5% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $7.2 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Norwegian Cruise Line Holdings Ltd.'s P/E ratio, and how does it compare with its own history? Norwegian Cruise Line Holdings Ltd.'s P/E is 9.8×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −51.6% while the price moved −22.3%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +8.0% a year; about +85.3% a year came from earnings growth and about −77.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Norwegian Cruise Line Holdings Ltd. business getting better or worse? Norwegian Cruise Line Holdings Ltd.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Norwegian Cruise Line Holdings Ltd. earn on its capital? Norwegian Cruise Line Holdings Ltd. earned a ROE of 19% in FY25. That is up from a low of −3,309% in FY22. Its return on capital used (ROIC) is 0.5 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 4.3% net margin and 0.44× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 4.3% net margin × 0.44× asset turnover × 10.20× leverage (assets divided by equity) ≈ 19.3% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.7% − 7.2% = +0.5 percentage points. The 7.2% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 7.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 9.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Norwegian Cruise Line Holdings Ltd. have too much debt? Norwegian Cruise Line Holdings Ltd. has total debt of $16.0 B against shareholder equity of $2.6 B as of Jun 2026, so its debt is 6.21× its equity. Year by year, that ratio went from 5.41 in FY21 to 7.03 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Norwegian Cruise Line Holdings Ltd. shareholding pattern? 19.6% of Norwegian Cruise Line Holdings Ltd.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 4.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Norwegian Cruise Line Holdings Ltd. from balance-sheet trouble? For Norwegian Cruise Line Holdings Ltd., the Z-score is 0.38. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.38 is inside the danger zone, so the balance sheet is a real risk. ## How does Norwegian Cruise Line Holdings Ltd. rank in its industry? 36.0 out of 100, rank 11 of 14 in Travel Services, with 81% of the evidence available. Norwegian Cruise Line Holdings Ltd. scores 36.0 out of 100 against the 14 companies it is compared with in Travel Services, ranking 11. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 10.7 + 8 + 10.2 + 7.1 = 36. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Norwegian Cruise Line Holdings Ltd. compared with? Norwegian Cruise Line Holdings Ltd. ranks 11 of 14 Travel Services companies on the 4-Factor Sector Score, with 36.0 out of 100. 1. [Booking Holdings Inc.](https://www.sectoralpha.in/us/stocks/bkng) BKNG · quiet · Most evidence points up · 81% evidence 66.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 12.8% · Profit 49.8% · Operating margin change 0.7 points · 83% evidence Capital efficiency 21.9/25 · ROCE 114.3% · Operating margin 34.4% · 76% evidence Valuation 15.5/20 · P/E 19.2× · PEG 0.34 · 65% evidence Relative strength 2.4/20 · Lead over its industry -21.1% · Lead over S&P 500 -18.7% · 1 year -21.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26.6 + 21.9 + 15.5 + 2.4 = 66.4 · What this means: Earnings are strong; relative strength in its sector is -21.1% and the one-year return is -21.2%. 2. [Expedia Group, Inc.](https://www.sectoralpha.in/us/stocks/expe) EXPE · quiet · Evidence leans up · 81% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.0/35 · Revenue 12% · Profit 82.9% · Operating margin change 5 points · 83% evidence Capital efficiency 18.5/25 · ROCE 31.4% · Operating margin 19% · 76% evidence Valuation 6.3/20 · P/E 15.1× · PEG 2.99 · 65% evidence Relative strength 10.3/20 · Lead over its industry 0.9% · Lead over S&P 500 4.1% · 1 year 10.7% · 100% evidence · 6 of 12 weeks ahead Exact sum: 28 + 18.5 + 6.3 + 10.3 = 63.1 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 3. [Royal Caribbean Cruises Ltd.](https://www.sectoralpha.in/us/stocks/rcl) RCL · turning · Evidence leans up · 81% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 8.7% · Profit 22.1% · Operating margin change -2.3 points · 83% evidence Capital efficiency 16.2/25 · ROCE 15.5% · Operating margin 27.1% · 76% evidence Valuation 12.4/20 · P/E 19.4× · PEG 0.91 · 65% evidence Relative strength 15.6/20 · Lead over its industry 1.3% · Lead over S&P 500 4.6% · 1 year 22.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.1 + 16.2 + 12.4 + 15.6 = 60.3 · What this means: Relative strength against the index is 4.6%, and revenue and profit growth are weak. 4. [Pursuit Attractions and Hospitality, Inc.](https://www.sectoralpha.in/us/stocks/prsu) PRSU · turning · Evidence leans up · 81% evidence 59.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Revenue 26.1% · Profit -85.3% · Operating margin change 0.7 points · 83% evidence Capital efficiency 8.2/25 · ROCE 8.8% · Operating margin 16.6% · 76% evidence Valuation 12.5/20 · P/E 39.8× · PEG 0.77 · 65% evidence Relative strength 19.2/20 · Lead over its industry 20% · Lead over S&P 500 24.2% · 1 year 70.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 19.8 + 8.2 + 12.5 + 19.2 = 59.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Lindblad Expeditions Holdings, Inc.](https://www.sectoralpha.in/us/stocks/lind) LIND · losing its lead · Evidence leans up · 64% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.3/35 · Revenue 18.1% · Profit n/a · Operating margin change 3.4 points · 62% evidence Capital efficiency 8.6/25 · ROCE 12.7% · Operating margin 6% · 76% evidence Valuation 11.5/20 · P/E -39.5× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 35% · Lead over S&P 500 39.7% · 1 year 170.1% · 100% evidence · 9 of 12 weeks ahead Exact sum: 23.3 + 8.6 + 11.5 + 14 = 57.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Travel + Leisure Co.](https://www.sectoralpha.in/us/stocks/tnl) TNL · turning · Evidence leans up · 81% evidence 55.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Revenue 4.5% · Profit -40% · Operating margin change -0.5 points · 83% evidence Capital efficiency 15.9/25 · ROCE 15.3% · Operating margin 19.8% · 76% evidence Valuation 13.9/20 · P/E 20× · PEG 0.7 · 65% evidence Relative strength 11.4/20 · Lead over its industry -1.3% · Lead over S&P 500 1.9% · 1 year 19% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14.7 + 15.9 + 13.9 + 11.4 = 55.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Airbnb, Inc.](https://www.sectoralpha.in/us/stocks/abnb) ABNB · losing its lead · Evidence leans up · 81% evidence 54.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 13.6% · Profit 2.5% · Operating margin change 1.2 points · 83% evidence Capital efficiency 19.4/25 · ROCE 25.7% · Operating margin 21% · 76% evidence Valuation 4.7/20 · P/E 31.6× · PEG 4.83 · 65% evidence Relative strength 13.8/20 · Lead over its industry 7.3% · Lead over S&P 500 11% · 1 year 38.1% · 100% evidence · 10 of 12 weeks ahead Exact sum: 16.1 + 19.4 + 4.7 + 13.8 = 54 · What this means: Relative strength against the index is 11%, and revenue and profit growth are weak. 8. [Viking Holdings Ltd](https://www.sectoralpha.in/us/stocks/vik) VIK · quiet · Evidence leans up · 71% evidence 53.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Revenue 20% · Profit 67.5% · Operating margin change 0.4 points · 83% evidence Capital efficiency 17.6/25 · ROCE 21.1% · Operating margin 29.4% · 76% evidence Valuation 9.5/20 · P/E 34.7× · PEG n/a · 15% evidence Relative strength 5.3/20 · Lead over its industry -2.9% · Lead over S&P 500 0.3% · 1 year 47% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21.5 + 17.6 + 9.5 + 5.3 = 53.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Carnival Corporation Ltd.](https://www.sectoralpha.in/us/stocks/ccl) CCL · turning · Evidence leans up · 85% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 5.2% · Profit 18.7% · Operating margin change -1.5 points · 95% evidence Capital efficiency 11.1/25 · ROCE 11.2% · Operating margin 26.4% · 76% evidence Valuation 15.7/20 · P/E 10.4× · PEG 0.54 · 65% evidence Relative strength 11.9/20 · Lead over its industry -1.9% · Lead over S&P 500 1.3% · 1 year 9.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.4 + 11.1 + 15.7 + 11.9 = 53.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [MakeMyTrip Limited](https://www.sectoralpha.in/us/stocks/mmyt) MMYT · basing · Evidence leans down · 71% evidence 37.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.3/35 · Revenue 7% · Profit -67% · Operating margin change 0.3 points · 83% evidence Capital efficiency 10.7/25 · ROCE 11.1% · Operating margin 15.3% · 76% evidence Valuation 8.7/20 · P/E 147.7× · PEG n/a · 15% evidence Relative strength 3.5/20 · Lead over its industry -24.3% · Lead over S&P 500 -22.3% · 1 year -41.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 14.3 + 10.7 + 8.7 + 3.5 = 37.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. Norwegian Cruise Line Holdings Ltd. this page NCLH · basing · Evidence leans down · 81% evidence 36.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.7/35 · Revenue 6.2% · Profit 5.7% · Operating margin change -2.8 points · 83% evidence Capital efficiency 8.0/25 · ROCE 8.8% · Operating margin 14% · 76% evidence Valuation 10.2/20 · P/E 12.7× · PEG 1.68 · 65% evidence Relative strength 7.1/20 · Lead over its industry -16% · Lead over S&P 500 -13.4% · 1 year -8.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.7 + 8 + 10.2 + 7.1 = 36 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 12. [Tripadvisor, Inc.](https://www.sectoralpha.in/us/stocks/trip) TRIP · basing · Most evidence points down · 71% evidence 24.0 out of 100 Growth Capital Valuation Relative
13. [Global Business Travel Group, Inc.](https://www.sectoralpha.in/us/stocks/gbtg) GBTG · Too little evidence to rank firmly · 44% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. NusaTrip Incorporated NUTR · Too little evidence to rank firmly · 24% evidence 35.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Travel Services](https://www.sectoralpha.in/us/sectors/travel-services), all 14 compared on one page. ## Which companies are close to Norwegian Cruise Line Holdings Ltd. in size? Norwegian Cruise Line Holdings Ltd. is the 8th largest of 14 Travel Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Viking Holdings, Expedia Group, Inc. and Trip.com Group. Just below it: Global Business Travel Group, Inc., Travel + Leisure Co. and MakeMyTrip. ### Travel Services companies close in size

1. [Viking Holdings Ltd](https://www.sectoralpha.in/us/stocks/vik) $38.3 billion
2. [Expedia Group, Inc.](https://www.sectoralpha.in/us/stocks/expe) $34.3 billion
3. [Trip.com Group Limited](https://www.sectoralpha.in/us/stocks/tcom) $26.1 billion
4. Norwegian Cruise Line Holdings Ltd. $8 billion
5. [Global Business Travel Group, Inc.](https://www.sectoralpha.in/us/stocks/gbtg) $5 billion
6. [Travel + Leisure Co.](https://www.sectoralpha.in/us/stocks/tnl) $4.5 billion
7. [MakeMyTrip Limited](https://www.sectoralpha.in/us/stocks/mmyt) $4.3 billion

[All 14 Travel Services companies, largest first](https://www.sectoralpha.in/us/sectors/travel-services#all-companies)

### Companies close in size in other industries

1. [Element Solutions Inc](https://www.sectoralpha.in/us/stocks/esi) $8.3 billion · Specialty Chemicals
2. [Dutch Bros Inc.](https://www.sectoralpha.in/us/stocks/bros) $8.3 billion · Restaurants
3. Norwegian Cruise Line Holdings Ltd. $8.2 billion
4. [KT Corporation](https://www.sectoralpha.in/us/stocks/kt) $8.2 billion · Telecom Services
5. [Simpson Manufacturing Co., Inc.](https://www.sectoralpha.in/us/stocks/ssd) $8.2 billion · Lumber & Wood Production

## What else do people ask about Norwegian Cruise Line Holdings Ltd.? ### What were Norwegian Cruise Line Holdings Ltd. Ltd.'s latest quarterly results? Norwegian Cruise Line Holdings Ltd. reported revenue of $2.6 B and net profit of $223 M for the Jun 2026 quarter. Revenue rose 4.9% and profit rose 642.0% compared with a year earlier. Earnings per share were $0.48 (as of 3 November 2026). ### What is Norwegian Cruise Line Holdings Ltd. Ltd.'s market cap? Norwegian Cruise Line Holdings Ltd.'s market capitalisation is $8.0 B at a stock price of $17.42. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Norwegian Cruise Line Holdings Ltd. Ltd. performing? Norwegian Cruise Line Holdings Ltd.'s share price has been falling for 19 weeks. In its latest quarter, revenue rose 4.9% and profit rose 642.0% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 11 weeks running (as of 3 November 2026). ### Will Norwegian Cruise Line Holdings Ltd. Ltd.'s stock price go up? This page does not forecast Norwegian Cruise Line Holdings Ltd.'s stock price. What it shows instead: the stock price is $17.42, and it has been falling for 19 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does Norwegian Cruise Line Holdings Ltd. Ltd. have too much debt? Yes, Norwegian Cruise Line Holdings Ltd. has a lot of debt: its debt is 5.09× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Norwegian Cruise Line Holdings Ltd. Ltd. in its business cycle? Norwegian Cruise Line Holdings Ltd.'s FY25 operating margin was 15.9%, against a 5-year range of −393.9% to 15.9%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 14.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Norwegian Cruise Line Holdings Ltd. Ltd. story? The main question: the share price moved −22.3% in a year while yearly earnings per share moved −51.6%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Norwegian Cruise Line Holdings Ltd. Ltd. a stock worth studying right now? What the numbers show: Norwegian Cruise Line Holdings Ltd.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- S&P 500 companies: https://www.sectoralpha.in/sp-500-stocks

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