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Public Comps and Valuation Multiples
for Cruises

Benchmark revenue and EBITDA valuation multiples for public comps like Lindblad Expeditions, Bonheur, EIH, Norwegian Cruise Line and Viking Cruises.

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Cruises

See analyst estimates and all valuation multiples for Cruises

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Royal Caribbean	$90.4B	5.1x	13.3x
Carnival Corp.	$61.2B	2.3x	8.7x
Carnival plc	$57.8B	2.2x	8.4x
Viking Cruises	$29.1B	4.7x	17.1x
Norwegian Cruise Line	$23.0B	2.3x	8.6x
EIH	$2.7B	8.3x	22.3x
Bonheur	$1.1B	0.9x	3.2x
Lindblad Expeditions	$1.1B	1.5x	9.2x
Havila Kystruten	$408M	2.4x	10.8x
Kiriacoulis Mediterranean	$25.5M	n/a	n/a
Bestone.com	$16.8M	1.0x	n/a