Norwegian Cruise Line price to book ratio NCLH

Market value divided by the book value of the company's net assets, since 2013.

Today, Oct 23, 2026: 2.7×
10-year median: 2.6×
Against its 10-year history: 53rd; percentile: 0 is its lowest day, 100 its highest
10-year range: 0.3× to 99.8×
Peer median: 2.3×

Norwegian Cruise Line's price to book ratio is 2.7× as of Oct 23, 2026.

That is above its ten-year median of 2.6×, close to the middle of its last ten years.

Over that time it ranged from 0.3× in Apr 2020 to 99.8× in Mar 2023.

The median for 10 travel stocks of a similar size is 2.3×.

Price to book ratio over time

median 2.6×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	2.7×	2.5×	5.1×
2025	4.7×	3.8×	11.0×
2024	10.0×	10.0×	29.6×
2023	19.4×	12.8×	99.8×
2022	12.9×	2.5×	18.8×
2021	2.7×	1.5×	3.3×
2020	1.7×	0.3×	2.0×
2019	2.0×	1.5×	2.1×
2018	1.5×	1.5×	2.5×
2017	2.2×	2.2×	2.8×
2016	2.1×	1.9×	3.3×
2015	3.4×	3.1×	4.1×
2014	3.4×	2.3×	3.4×
2013	2.8×	2.5×	2.9×

Against its peers

Companies in Travel Services nearest Norwegian Cruise Line's size, closest first, today.

Company	Price to book ratio
NCLHNorwegian Cruise Line	2.7×
KEXKirby	2.0×
MATXMatson	2.5×
GATXGatx	2.1×
FTDRFrontdoor	20.5×
GXOGXO Logistics	1.9×
INSWInternational Seaways	2.4×
TDWTidewater	3.1×
ABMABM Industries	1.8×
ROLRollins	11.7×
LPGDorian LPG	1.9×
Peer median	2.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Norwegian Cruise Line

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.