Key facts, as of
As of September 29, 2026, Norwegian Cruise Line (NCLH) trades at $14.80, down 40.2% over the past year. Its 52-week range runs from $13.63 to $25.24; the price is 41.4% below that high. It sits 24.2% below its 200-day average of $19.53, the usual sign of a long-term downtrend. Its 30-day volatility is 31.6% annualized, which we rate high risk. It has a trailing P/E of 9.0.
Cite: Portfolio Terminal, "Norwegian Cruise Line (NCLH) stock analysis", 2026-09-29. https://portfolio-terminal.com/analyse/nclh
Where it trades today
trading 10% of the way up its 52-week range
How the price has moved
What to weigh before acting
What Matters Now
- Demand sensitivity, pricing power, and how exposed the business is to macro slowdowns matter more than headline growth alone.
- NCLH trades at 9.0x earnings versus 20.0x for the sector, which means the rerating case depends on proving the discount is too harsh.
- Recent realized volatility is running around 31.6%, above the sector norm of 26.0%, so position sizing matters more than usual.
- NCLH remains in a bearish short-term trend and sits 41.4% below its high, which raises the bar for any thesis that depends on fast multiple expansion.
Portfolio Use Case
- NCLH is more useful for investors comparing conviction names inside consumer cyclical than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- It is best monitored alongside valuation discipline, because strong narratives in consumer cyclical can stay expensive longer than expected.
What Would Change the View
- A recovery in price alone would not be enough to improve the view; the thesis needs confirmation from improving business or valuation signals.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- There is little income cushion here, so total return depends mainly on price appreciation and execution staying on track.
Methodology
- Price, market cap, beta, yield, and liquidity fields for NCLH come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Consumer Cyclical so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as AMZN, TSLA, HD.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for NCLH. Last refresh: Sep 29, 2026, 10:33 PM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as AMZN, TSLA, HD.
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 25 analysts, with an average price target of $20.20 versus $14.80 today (+36.5%). 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 $10.15B in trailing revenue (4.9% year over year), with a 7.5% net margin, and -$1.68B of free cash flow, against $15.76B 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.
How it sits in consumer cyclical
Discretionary spending sector sensitive to economic cycles, including retail and automotive.
The companies it competes with
NCLH beside the consumer cyclical names it is usually measured against.
AMZNAmazon.com Inc.$246.67$2.66TWhat the chart is saying
In a downtrend, below both moving averages.
downtrend- Price is 13.2% below its 50-day average and 24.2% below its 200-day.
- RSI at 42 is neither stretched nor washed out.
- The nearest ceiling is $17.54 (+18.5%).
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
Is NCLH a good buy right now?
Norwegian Cruise Line trades at 9.0x earnings. This is below market average, potentially undervalued. Current risk level is High based on 31.6% volatility.
Does NCLH pay dividends?
Norwegian Cruise Line does not currently pay a regular dividend. The company may be reinvesting profits for growth.
How volatile is NCLH?
With 30-day annualized volatility of 31.6% and beta of 1.88, NCLH is classified as High risk. Expect larger swings than the broader market during volatile periods.
What is the analyst price target for NCLH?
The average analyst price target for Norwegian Cruise Line (NCLH) is $20.20 based on 25 analyst estimates, about 36.5% above the current price of $14.80. The published range runs from $13.00 to $32.00.
How much revenue does NCLH generate?
Norwegian Cruise Line reported $10.15B in trailing twelve-month revenue. Revenue growth is running at 4.9% year over year. Net margin sits at 7.5%. 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.