Key facts, as of
As of November 6, 2026, Norwegian Cruise Line (NCLH) trades at $17.92, down 1.8% over the past year. Its 52-week range runs from $13.63 to $25.13; the price is 28.7% below that high. It is 72.1% below its all-time high of $64.27, reached in November 2015. Over the 10 years to the end of October 2026, with dividends reinvested, it returned −54.8%, against +316.3% for the S&P 500 (SPY). It sits 3.7% below its 200-day average of $18.61. Its 30-day volatility is 62.1% annualized, which we rate very high risk. It has a trailing P/E of 9.9.
Cite: Portfolio Terminal, "Norwegian Cruise Line (NCLH) stock analysis", 2026-11-06. https://portfolio-terminal.com/analyse/nclh
Where it trades today
trading 37% of the way up its 52-week range
How the price has moved
How far it is from its record
Norwegian Cruise Line (NCLH) is 72.1% below its all-time high of $64.27, reached in November 2015. Over the 10 years to the end of October 2026, with dividends reinvested, it returned −54.8%, against +316.3% for the S&P 500 (SPY).
The read, from its own figures
What its numbers say
- NCLH closes above its 50-day average ($15.47) while the 50-day is still under the 200-day ($18.61): a rebound inside a longer decline, not yet an uptrend.
- At $17.92, NCLH is 28.7% below its 1-year high of $25.13, set on January 8, 2026, and 31.5% above its 1-year low of $13.63 (September 23, 2026).
- Over the past month NCLH rose 15.7%, from $15.49 to $17.92.
- NCLH trades at 9.9x its last twelve months of earnings and 12.6x the next twelve months' estimate, so analysts expect earnings 21.5% lower.
- Its P/E is 43.2% below the 17.4x median of the 3 other travel services companies we track (BKNG, RCL, CCL).
- NCLH's 30-day volatility, 62.1% a year, works out to a typical daily move of about 3.9%.
- Yahoo Finance puts its beta at 1.96: over five years of monthly returns, NCLH moved about 1.96% for each 1% move of the S&P 500.
What would change the read
- The rebound holds while it closes above the 50-day average, $15.47 (−13.7%); it becomes an uptrend when the 50-day climbs 20.2% to cross the 200-day at $18.61.
- A close above $25.13 (+40.2%) would be a new 1-year high; below $13.63 (−23.9%), a new 1-year low.
How it is computed
- Prices are Yahoo Finance's daily candles for NCLH, the same ones the chart below draws; the P/E, forward P/E and beta are Yahoo Finance quote fields.
- The averages are simple means of the last 50 and 200 closes; the 1-year high and low are the highest high and lowest low of the last 252 sessions; the 30-day volatility is the standard deviation of the past month's daily returns, annualized with the square root of 252.
- Peers are the other companies Yahoo Finance files under travel services among the assets we track, not a full industry screen; the median counts those with a positive P/E.
- Every sentence here is written by code from those figures, refreshed daily; nobody edits it for NCLH by hand. It describes what the price and the multiples have done, not what they will do, and it is not advice.
Sources
- Yahoo Finance quote and daily historyopen →
The candles, the averages' inputs and the quote fields used for NCLH. Last refresh: Nov 8, 2026, 10:53 PM UTC.
- How Portfolio Terminal computes its figuresopen →
The methodology page behind the analytics and their refresh cadence.
- Industry classification
Yahoo Finance's industry, as stored in our list of tracked assets: Travel Services.
What Norwegian Cruise Line does
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It offers itineraries to destinations, such as Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, and Alaska; and inter-island itinerary in Hawaii. The company also provides features, amenities, and activities, including various accommodations, dining venues, bars and lounges, spas, casino and retail shopping areas, and entertainment choices; shore excursions at each port of call, and air transportation and hotel packages for stays before or after a voyage. It offers its products and…
What analysts expect
NCLH carries a buy consensus from 23 analysts, with an average price target of $19.61 versus $17.92 today (+9.4%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
NCLH generated $10.16B in trailing revenue (0.3% year over year), with a 8.2% net margin, and -$1.05B of free cash flow, against $15.77B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $9.83B | $4.19B | $1.56B | $423.25M | $0.94 | -$1.17B |
| 2024 | $9.48B | $3.79B | $1.47B | $910.26M | $2.09 | $838.87M |
| 2023 | $8.55B | $3.08B | $930.91M | $166.18M | $0.39 | -$744.65M |
| 2022 | $4.84B | $576.67M | -$1.55B | -$2.27B | -$5.41 | -$1.57B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
NCLH is in 13 of the 54 ETFs we track. It weighs most in RSP: 0.20% of the fund, holding #221 of 504.
Famous investors who hold it
NCLH is in the latest 13F of 1 of the 15 famous investors we follow. Seth Klarman (Baupost Group) holds the most of it: 3.01% of the portfolio, position #12 of 23, as of Q2 2026.
How its figures compare with those peers
Companies in the same industry
NCLH beside the other companies Yahoo Finance files under travel services among the assets we track (BKNG, RCL, CCL, largest first).
NCLHyou are here$17.92$8.23B
BKNGBooking Holdings$160.66$119.49B
RCLRoyal Caribbean$327.16$87.51B
CCLCarnival Corporation$29.58$39.77BWhat the chart is saying
Back above its 50-day average, still under the long-term trend.
recovering- Price is 15.8% above its 50-day average and 3.7% below its 200-day.
- RSI at 62 is neither stretched nor washed out.
- The nearest ceiling is $18.67 (+4.2%), the nearest floor $17.65 (-1.5%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
How is NCLH valued right now?
Norwegian Cruise Line trades at 9.9 times its last twelve months of earnings and 12.6 times the next twelve months' estimate (Yahoo Finance, November 6, 2026). On the chart: back above its 50-day average, still under the long-term trend. Price is 15.8% above its 50-day average and 3.7% below its 200-day.
What is the risk level of NCLH?
Based on 30-day volatility of 62.1%, NCLH has VERY HIGH risk. Its beta of 1.96 means it has swung more than the S&P 500 over the last five years.
Does NCLH pay dividends?
Yahoo Finance shows no dividend yield for Norwegian Cruise Line (November 6, 2026).
How far is NCLH from its all-time high?
Norwegian Cruise Line is 72.1% below its all-time high of $64.27, reached in November 2015. Over the 10 years to the end of October 2026, with dividends reinvested, it returned −54.8%, against +316.3% for the S&P 500 (SPY).
Which ETFs hold NCLH?
13 of the 54 popular ETFs we track hold Norwegian Cruise Line. The largest weights: RSP (0.20%), XLY (0.19%), VB (0.09%), SPYG (0.01%) and SPY (0.01%). Measured on each issuer's full holdings file, dated September 30 to October 18, 2026.
How much of VOO is NCLH?
0.01%, as of September 30, 2026: NCLH is holding #494 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.10 in Norwegian Cruise Line.
Which famous investors own NCLH?
Seth Klarman (3.01% of Baupost Group's 13F), according to their latest Form 13F filings with the SEC (Q2 2026). A 13F lists US long positions 45 days after the quarter ends, so it can be out of date.
What is the analyst price target for NCLH?
The average analyst price target for Norwegian Cruise Line (NCLH) is $19.61 based on 23 analyst estimates, about 9.4% above the current price of $17.92. The published range runs from $13.00 to $26.00.
How much revenue does NCLH generate?
Norwegian Cruise Line reported $10.16B in trailing twelve-month revenue. Revenue growth is running at 0.3% year over year. Net margin sits at 8.2%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare NCLH with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.