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Viking Cruises Valuation Multiples
Discover revenue and EBITDA valuation multiples for Viking Cruises and similar public comparables like Carnival Corp., Carnival, Norwegian Cruise Line, EIH and more.
Viking Cruises Overview
About Viking Cruises
Viking Holdings Ltd is a travel company, with a fleet of 92 small ships, which view as floating hotels. It offers travel experiences on all seven continents in all three categories of the cruise industry river, ocean, and expedition cruising. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States to English-speaking passengers. The Ocean segment offers ocean cruises to English-speaking passengers. Other include operating segments that are not individually reportable, consisting of expedition cruises for English-speaking passengers (Expedition), Mississippi River cruises for English-speaking passengers, and Viking China, which includes cruises for Mandarin.
Founded
2010
HQ
Employees
12.0K
Website
Sectors
Financials (LTM)
EV
$40B
Viking Cruises Financials
Viking Cruises reported last 12-month revenue of $6B and EBITDA of $2B.
In the same LTM period, Viking Cruises generated $6B in gross profit, $2B in EBITDA, and $1B in net income.
Revenue (LTM)
Viking Cruises P&L
In the most recent fiscal year, Viking Cruises reported revenue of $7B and EBITDA of $2B.
Viking Cruises expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $6B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 86% | XXX | 43% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 29% | XXX | XXX | XXX |
| EBIT Margin | 25% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Viking Cruises Stock Performance
Viking Cruises has current market cap of $38B, and enterprise value of $40B.
Market Cap Evolution
Viking Cruises' stock price is $85.80.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $40B | $38B | 0.0% | XXX | XXX | XXX | $2.57 |
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Start Free TrialViking Cruises Valuation Multiples
Viking Cruises trades at 6.3x EV/Revenue multiple, and 20.8x EV/EBITDA.
EV / Revenue (LTM)
Viking Cruises Financial Valuation Multiples
As of April 20, 2026, Viking Cruises has market cap of $38B and EV of $40B.
Equity research analysts estimate Viking Cruises' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Viking Cruises has a P/E ratio of 30.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $38B | XXX | $38B | XXX | XXX | XXX |
| EV (current) | $40B | XXX | $40B | XXX | XXX | XXX |
| EV/Revenue | 6.3x | XXX | 6.2x | XXX | XXX | XXX |
| EV/EBITDA | 20.8x | XXX | 21.8x | XXX | XXX | XXX |
| EV/EBIT | 25.5x | XXX | 26.8x | XXX | XXX | XXX |
| EV/Gross Profit | 7.3x | XXX | 14.3x | XXX | XXX | XXX |
| P/E | 30.5x | XXX | 33.3x | XXX | XXX | XXX |
| EV/FCF | 25.7x | XXX | 25.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Viking Cruises Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Viking Cruises Margins & Growth Rates
Viking Cruises' revenue in the last 12 month grew by 19%.
Viking Cruises' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Viking Cruises' rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Viking Cruises' rule of X is 62% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Viking Cruises Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 29% | XXX | XXX | XXX |
| EBITDA Growth | 16% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 62% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 16% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 20% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Viking Cruises Public Comps
See public comps and valuation multiples for other Cruises comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Viking Cruises | XXX | XXX | XXX | XXX | XXX | XXX |
| Carnival Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Carnival | XXX | XXX | XXX | XXX | XXX | XXX |
| Norwegian Cruise Line | XXX | XXX | XXX | XXX | XXX | XXX |
| EIH | XXX | XXX | XXX | XXX | XXX | XXX |
| Lindblad Expeditions | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Viking Cruises M&A Activity
Viking Cruises acquired XXX companies to date.
Last acquisition by Viking Cruises was on XXXXXXXX, XXXXX. Viking Cruises acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Viking Cruises
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialViking Cruises Investment Activity
Viking Cruises invested in XXX companies to date.
Viking Cruises made its latest investment on XXXXXXXX, XXXXX. Viking Cruises invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Viking Cruises
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Viking Cruises
| When was Viking Cruises founded? | Viking Cruises was founded in 2010. |
| Where is Viking Cruises headquartered? | Viking Cruises is headquartered in United States. |
| How many employees does Viking Cruises have? | As of today, Viking Cruises has over 12K employees. |
| Who is the CEO of Viking Cruises? | Viking Cruises' CEO is Torstein Hagen. |
| Is Viking Cruises publicly listed? | Yes, Viking Cruises is a public company listed on NYSE. |
| What is the stock symbol of Viking Cruises? | Viking Cruises trades under VIK ticker. |
| When did Viking Cruises go public? | Viking Cruises went public in 2024. |
| Who are competitors of Viking Cruises? | Viking Cruises main competitors are Carnival Corp., Carnival, Norwegian Cruise Line, EIH. |
| What is the current market cap of Viking Cruises? | Viking Cruises' current market cap is $38B. |
| What is the current revenue of Viking Cruises? | Viking Cruises' last 12 months revenue is $6B. |
| What is the current revenue growth of Viking Cruises? | Viking Cruises revenue growth (NTM/LTM) is 19%. |
| What is the current EV/Revenue multiple of Viking Cruises? | Current revenue multiple of Viking Cruises is 6.3x. |
| Is Viking Cruises profitable? | Yes, Viking Cruises is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Viking Cruises? | Viking Cruises' last 12 months EBITDA is $2B. |
| What is Viking Cruises' EBITDA margin? | Viking Cruises' last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of Viking Cruises? | Current EBITDA multiple of Viking Cruises is 20.8x. |
| What is the current FCF of Viking Cruises? | Viking Cruises' last 12 months FCF is $2B. |
| What is Viking Cruises' FCF margin? | Viking Cruises' last 12 months FCF margin is 24%. |
| What is the current EV/FCF multiple of Viking Cruises? | Current FCF multiple of Viking Cruises is 25.7x. |
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