NCLH
StockNorwegian Cruise Line Holdings Ltd.
One email when a drop — in price or in valuation — is historically rare for NCLH. Otherwise we stay quiet.
This is the kind of decline worth waking up for.
Norwegian Cruise Line Holdings Ltd. is 73% off its high — among the deepest declines in its recorded history.
And it's not just the price: Norwegian Cruise Line Holdings Ltd.'s P/S Severity Score is 8.3 — historically low valuation vs its own history.
Historic
Current Drawdown
-73.0%
Days in Drawdown
3932
Avg Max Drawdown
4.4%
Avg Length
24
Drawdown Severity Score™
15.4
NCLH - Price & High Water Mark
NCLH - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of August 21, 2026 · updated daily
Where today's valuation sits within NCLH's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
Norwegian Cruise Line Holdings Ltd. has been cheaper on this measure only about 4% of the time in 14 years of daily history.
Price to Sales history
EV to EBITDA
Norwegian Cruise Line Holdings Ltd. has been cheaper on this measure only about 3% of the time in 14 years of daily history.
EV to EBITDA history · log scale
Norwegian Cruise Line Holdings Ltd. (NCLH) Analysis: Current Drawdown Insights
Norwegian Cruise Line Holdings Ltd. is currently in a drawdown that is unusual by its own historical standards. As of 2026-08-21, the stock is trading at $17.24, which represents a 73.0% decline from its all-time high of $63.76. This drawdown has persisted for 3932 days.
Based on its full tracked price history, Norwegian Cruise Line Holdings Ltd. typically experiences drawdowns averaging 4.4% in depth, with an average duration of 24 days. Norwegian Cruise Line Holdings Ltd. has gone through 38 total drawdown events in its tracked history. The largest drawdown on record for Norwegian Cruise Line Holdings Ltd. was 19.7%, beginning in 2014. The longest drawdown duration on record was 228 days.
The Drawdown Severity Score™ for Norwegian Cruise Line Holdings Ltd. currently stands at 15.40. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score above 12.0 indicates a historic, once-in-a-decade event: declines of this magnitude are extraordinarily rare in this asset's tracked history and can also signal fundamental changes worth investigating.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Norwegian Cruise Line Holdings Ltd.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 38 tracked pullbacks (38 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2015-11-15 | Ongoing | 3932 days | -73.0% | $63.76 | $17.24 | n/a |
| 2015-10-28 | 2015-11-02 | 6 days | -1.8% | $63.63 | $62.47 | $63.76 |
| 2015-08-03 | 2015-10-26 | 85 days | -12.2% | $62.42 | $54.79 | $63.23 |
| 2015-07-23 | 2015-07-31 | 9 days | -3.0% | $59.89 | $58.12 | $62.42 |
| 2015-07-15 | 2015-07-21 | 7 days | -0.8% | $59.22 | $58.74 | $59.29 |
| 2015-05-20 | 2015-07-10 | 52 days | -5.1% | $57.30 | $54.37 | $57.65 |
| 2015-04-10 | 2015-05-15 | 36 days | -11.7% | $54.81 | $48.37 | $55.36 |
| 2015-04-02 | 2015-04-08 | 7 days | -2.4% | $54.48 | $53.15 | $54.76 |
| 2015-03-30 | 2015-03-31 | 2 days | -1.0% | $53.82 | $53.28 | $54.01 |
| 2015-03-23 | 2015-03-27 | 5 days | -4.7% | $53.69 | $51.15 | $53.82 |
| 2015-03-06 | 2015-03-16 | 10 days | -2.8% | $51.32 | $49.90 | $51.41 |
| 2015-03-03 | 2015-03-05 | 3 days | -0.9% | $50.82 | $50.36 | $51.32 |
| 2015-02-20 | 2015-02-25 | 6 days | -1.3% | $48.41 | $47.77 | $48.92 |
| 2014-12-30 | 2015-02-19 | 52 days | -10.6% | $48.03 | $42.93 | $48.41 |
| 2014-12-26 | 2014-12-29 | 4 days | -0.4% | $47.66 | $47.48 | $48.03 |
| 2014-12-22 | 2014-12-23 | 2 days | -0.4% | $46.86 | $46.67 | $47.51 |
| 2014-12-08 | 2014-12-17 | 10 days | -3.8% | $45.48 | $43.73 | $45.76 |
| 2014-12-01 | 2014-12-02 | 2 days | -2.8% | $43.89 | $42.66 | $44.14 |
| 2014-11-25 | 2014-11-28 | 4 days | -0.1% | $42.20 | $42.15 | $43.89 |
| 2014-11-20 | 2014-11-21 | 2 days | -0.2% | $41.79 | $41.71 | $41.83 |
| 2014-11-17 | 2014-11-18 | 2 days | -0.7% | $41.59 | $41.31 | $41.77 |
| 2014-11-04 | 2014-11-10 | 7 days | -1.7% | $39.07 | $38.40 | $39.35 |
| 2014-09-03 | 2014-10-30 | 58 days | -16.0% | $36.99 | $31.07 | $38.44 |
| 2014-01-17 | 2014-09-02 | 228 days | -19.7% | $36.91 | $29.65 | $36.99 |
| 2014-01-02 | 2014-01-14 | 13 days | -4.5% | $35.47 | $33.88 | $35.85 |
| 2013-12-26 | 2013-12-27 | 2 days | -0.1% | $35.10 | $35.06 | $35.12 |
| 2013-11-29 | 2013-12-20 | 22 days | -7.9% | $34.36 | $31.65 | $34.52 |
| 2013-11-25 | 2013-11-26 | 2 days | -0.1% | $33.57 | $33.55 | $33.99 |
| 2013-09-20 | 2013-11-21 | 63 days | -10.2% | $33.19 | $29.81 | $33.20 |
| 2013-09-18 | 2013-09-19 | 2 days | -0.4% | $33.18 | $33.06 | $33.19 |
| 2013-08-16 | 2013-09-17 | 33 days | -5.2% | $32.79 | $31.09 | $33.18 |
| 2013-05-28 | 2013-08-13 | 78 days | -12.1% | $32.15 | $28.27 | $32.22 |
| 2013-05-21 | 2013-05-24 | 4 days | -0.7% | $32.03 | $31.80 | $32.15 |
| 2013-05-09 | 2013-05-20 | 12 days | -4.5% | $31.90 | $30.46 | $32.03 |
| 2013-05-07 | 2013-05-08 | 2 days | -0.5% | $31.82 | $31.66 | $31.90 |
| 2013-02-20 | 2013-05-02 | 71 days | -7.3% | $31.19 | $28.90 | $31.36 |
| 2013-02-06 | 2013-02-13 | 8 days | -3.5% | $28.54 | $27.55 | $28.92 |
| 2013-01-29 | 2013-02-04 | 7 days | -5.3% | $27.76 | $26.29 | $28.41 |
| 2013-01-24 | 2013-01-28 | 5 days | -0.5% | $27.49 | $27.35 | $27.76 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
Norwegian Cruise Line Holdings Ltd. (NCLH) is trading at $17.24 as of Aug 21, 2026. It is 73.0% below its high of $63.76. The drawdown has lasted 3,932 days. Severity score: 15.4 (Historic).
NCLH Price History and Drawdown Data
Latest price
$17.24
High-water mark
$63.76
Current drawdown
-73.0%
Days in drawdown
3,932
This NCLH page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Norwegian Cruise Line Holdings Ltd. drawdowns.
What History Says About NCLH
Norwegian Cruise Line Holdings Ltd. has dropped 10%+ from its high 7 times in its tracked history. These events lasted an average of 86 days with an average max drop of -13.2%.
The current drawdown of -73.0% has lasted 3,932 days, which is 45.7x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jan 2014 to Sep 2014 | -19.7% | 228 days |
| Sep 2014 to Oct 2014 | -16.0% | 58 days |
| Aug 2015 to Oct 2015 | -12.2% | 85 days |
| May 2013 to Aug 2013 | -12.1% | 78 days |
| Apr 2015 to May 2015 | -11.7% | 36 days |
| Dec 2014 to Feb 2015 | -10.6% | 52 days |
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