Norwegian Cruise Line price to free cash flow NCLH
Market value divided by free cash flow over the last twelve months, since 2015.
- Today, Oct 23, 2026
- n/m
- not a meaningful number
- Last meaningful
- 9.1×
- May 2025
- 10-year median
- 32.1×
- 10-year range
- 8.2× to 85.5×
- Peer median
- 15.1×
Norwegian Cruise Line's price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.
It was last meaningful in May 2025, at 9.1×.
On the days it had one over the last ten years, its median was 32.1×, from 8.2× in Apr 2025 to 85.5× in May 2017.
Price to free cash flow over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2025 | 9.1× | 8.2× | 42.3× |
| 2024 | 38.5× | 38.5× | 41.3× |
| 2023 | n/m a value too high to mean anything | ||
| 2022 | n/m a value too high to mean anything | ||
| 2021 | n/m a value too high to mean anything | ||
| 2020 | 12.6× | 9.7× | 42.8× |
| 2019 | 12.4× | 9.1× | 35.9× |
| 2018 | 27.2× | 26.5× | 67.9× |
| 2017 | 59.4× | 42.2× | 85.5× |
| 2016 | 29.2× | 23.1× | 32.4× |
| 2015 | 34.4× | 32.4× | 41.9× |
Against its peers
Companies in Travel Services nearest Norwegian Cruise Line's size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| NCLHNorwegian Cruise Line | n/m |
| KEXKirby | 14.8× |
| MATXMatson | n/m |
| GATXGatx | n/m |
| FTDRFrontdoor | 15.1× |
| GXOGXO Logistics | 30.9× |
| INSWInternational Seaways | 8.7× |
| TDWTidewater | 16.9× |
| ABMABM Industries | 10.1× |
| ROLRollins | 27.1× |
| LPGDorian LPG | n/m |
| Peer median | 15.1× |
What the price to free cash flow tells you
Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.
Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.
More on Norwegian Cruise Line
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.