Is Norwegian Cruise Line Holdings Ltd. overvalued or undervalued?

As of 30 April 2025, the valuation grade for Norwegian Cruise Line Holdings Ltd. has moved from very attractive to attractive. The company appears to be undervalued based on its current metrics. The P/E ratio stands at 10, significantly lower than the industry average, while the EV to EBITDA ratio is 9.29, indicating a favorable valuation compared to peers. Additionally, the PEG ratio is an impressive 0.07, suggesting strong growth potential relative to its price.
In comparison with peers, Carnival Corp. has a P/E ratio of 14.84 and an EV to EBITDA of 9.51, while Hyatt Hotels Corp. shows a P/E of 10.16 and an EV to EBITDA of 13.88. These comparisons highlight that Norwegian Cruise Line is trading at a discount relative to its industry counterparts. Despite a challenging year-to-date return of -27.71% compared to the S&P 500's 2.44%, the underlying valuation metrics suggest that the stock is positioned for potential recovery and growth.