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Public Comps and Valuation Multiples
for Cruises

Benchmark revenue and EBITDA valuation multiples for public comps like Norwegian Cruise Line, Havila Kystruten, Carnival plc, Lindblad Expeditions 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	$105B	5.9x	15.0x
Carnival Corp.	$68.2B	2.6x	9.4x
Carnival plc	$67.8B	2.5x	9.3x
Viking Cruises	$34.7B	5.4x	19.3x
Norwegian Cruise Line	$25.5B	2.6x	9.4x
EIH	$2.3B	7.1x	19.4x
Bonheur	$1.3B	1.1x	3.6x
Lindblad Expeditions	$1.2B	1.6x	10.1x
Havila Kystruten	$473M	2.6x	10.7x
Bestone.com	$16.7M	1.0x	n/a