On 12 Nov 2026 our base value for Norwegian Cruise Line Holdings is $12.82 a share, 29.0% below its $18.06 close; 0 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | the free cash flow base is -6.38% of market cap (floor 1%) — the terminal value carries the answer, not the cash flows |
| Exit multiple (P/E) | $12.82 | -29.0% | earnings per share $1.73 valued at 11.96× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $1.73 |
| Year 1 | 0.30% | $1.73 |
| Year 2 | 1.24% | $1.75 |
| Year 3 | 1.86% | $1.78 |
| Year 4 | 2.26% | $1.83 |
| Year 5 | 2.52% | $1.87 |
| Earnings per share in year 5 | $1.87 |
| Exit P/E (the stock's own median P/E) | 11.96× |
| Value in 5 years = earnings × P/E | $22.38 |
| Discounted at 11.79% over 5 years: ÷ 1.7459 | $12.82 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Exit multiple (P/E) | $12.82 |
One method is kept, so the base value is its value: $12.82
Base value $12.82 a share
One-year price simulation: a 10% chance the price is below $9.96 and a 10% chance it is above $33.10 in a year; a 51% chance it is higher than today's $18.06, from 46.61% volatility. The simulation assumes the price drifts up at our discount rate of 11.79% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $15.14 | $23.20 |
| 9 Oct 2026 | $15.57 | $23.20 |
| 16 Oct 2026 | $15.05 | $23.20 |
| 23 Oct 2026 | $15.10 | $23.20 |
| 30 Oct 2026 | $17.57 | $12.48 |
| 6 Nov 2026 | $17.92 | $12.97 |
| 12 Nov 2026 | $18.06 | $12.82 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
Run a full Desk Run on NCLH · Norwegian Cruise Line Holdings company page · Call and put prices