Which Is a Better Investment, Lindblad Expeditions Holdings, Inc. or Norwegian Cruise Line Holdings Ltd. Stock?

By Jenna Brashear
September 15, 2026
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Sifting through countless of stocks in the Hotels, Restaurants & Leisure industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings or Inc. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings and Inc. compare based on key financial metrics to determine which better meets your investment needs.

About Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings and Inc.

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It offers itineraries to destinations, such as Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, and Alaska; and inter-island itinerary in Hawaii. The company also provides features, amenities, and activities, including various accommodations, dining venues, bars and lounges, spas, casino and retail shopping areas, and entertainment choices; shore excursions at each port of call, and air transportation and hotel packages for stays before or after a voyage. It offers its products and services under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company was founded in 1966 and is based in Miami, Florida.

Lindblad Expeditions Holdings, Inc. provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segments. The Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet’s wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California’s Sea of Cortez and Panama, and foster engagement activities. The Land Experiences segment comprises natural habitats, which provides various expedition itineraries in more than 45 countries across seven continents, with eco-conscious expeditions and nature-focused, and small-group tours including polar bear tours and bear adventure; and DuVine provides intimate group cycling and adventure tours around the world with local cycling experts as guides in local cultural, cuisine, and accommodations. This segment also offers off the beaten path, including small group travel, led by local, and experienced guides with focus on wildlife, hiking national parks, and culture; and classic journey, a curated active small-group and private custom journeys centered around cinematic walks led by expert local guides over 50 countries across the world. In addition, it collaborates with National Geographic on expedition planning and to enhance the guest experience by having National Geographic experts, including photographers, writers, marine biologists, naturalists, field researchers and film crews; and partnered with World Wildlife Fund to offer conservation travel. Lindblad Expeditions Holdings, Inc. was founded in 1979 and is headquartered in New York, New York.

Latest Hotels, Restaurants & Leisure and Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings, Inc. Stock News

As of September 15, 2026, Norwegian Cruise Line Holdings Ltd. had a $6.6 billion market capitalization, compared to the Hotels, Restaurants & Leisure median of $2.3 million. Norwegian Cruise Line Holdings Ltd.’s stock is down 36% in 2026, down 7.2% in the previous five trading days and down 46.42% in the past year.

Currently, Norwegian Cruise Line Holdings Ltd.’s price-earnings ratio is 9.0. Norwegian Cruise Line Holdings Ltd.’s trailing 12-month revenue is $10.2 billion with a 7.5% net profit margin. Year-over-year quarterly sales growth most recently was 4.9%. Analysts expect adjusted earnings to reach $1.537 per share for the current fiscal year. Norwegian Cruise Line Holdings Ltd. does not currently pay a dividend.

As of September 15, 2026, Lindblad Expeditions Holdings, Inc. had a $1.7 billion market cap, putting it in the 52nd percentile of all stocks. Lindblad Expeditions Holdings, Inc.’s stock is up 80.9% in 2026, down 1.7% in the previous five trading days and up 94.41% in the past year.

Currently, Lindblad Expeditions Holdings, Inc. does not have a price-earnings ratio. Lindblad Expeditions Holdings, Inc.’s trailing 12-month revenue is $830.6 million with a -2.1% net profit margin. Year-over-year quarterly sales growth most recently was 18.6%. Analysts expect adjusted earnings to reach $0.184 per share for the current fiscal year. Lindblad Expeditions Holdings, Inc. does not currently pay a dividend.

How We Compare Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings and Inc. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings and Inc.’s stock grades to see how they measure up against one another.

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Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings and Inc. Stock Value Grades

Company Ticker Value
Norwegian Cruise Line Holdings Ltd. NCLH B
Lindblad Expeditions Holdings, Inc. LIND D

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Norwegian Cruise Line Holdings Ltd. has a Value Score of 70, which is Value. Lindblad Expeditions Holdings, Inc. has a Value Score of 36, which is Expensive.

The Value Stock Winner: Norwegian Cruise Line Holdings Ltd.

As you can clearly see from the Value Grade breakdown above, Norwegian Cruise Line Holdings Ltd. is considered to have better value than Lindblad Expeditions Holdings, Inc.. For investors who focus solely on a company’s valuation, Norwegian Cruise Line Holdings Ltd. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings and Inc. Growth Grades

Company Ticker Growth
Norwegian Cruise Line Holdings Ltd. NCLH D
Lindblad Expeditions Holdings, Inc. LIND D

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Norwegian Cruise Line Holdings Ltd. has a Growth Score of 31, which is Weak. Lindblad Expeditions Holdings, Inc. has a Growth Score of 40, which is Weak.

The Growth Stock Winner: No Clear Winner

Neither Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings or Inc. has a high enough Growth Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings or Inc. is the better investment when it comes to sustainable growth.

Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings and Inc.’s Quality Grades

Company Ticker Quality
Norwegian Cruise Line Holdings Ltd. NCLH C
Lindblad Expeditions Holdings, Inc. LIND C

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Norwegian Cruise Line Holdings Ltd. has a Quality Score of 43, which is Average. Lindblad Expeditions Holdings, Inc. has a Quality Score of 48, which is Average.

The Quality Stock Winner: No Clear Winner

Neither Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings or Inc. has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings or Inc. is the better investment when it comes to quality.

Don’t Forget Your Free Special Report on How A+ Grades Can Help You Make Investment Decisions

Other Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings and Inc. Grades

In addition to Growth, Quality and Value, A+ Investor also provides grades for Momentum and Estimate Revisions.

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Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings and Inc. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings or Inc. Stock?

Overall, Norwegian Cruise Line Holdings Ltd. stock has a Value Score of 70, Growth Score of 31 and Quality Score of 43.

Lindblad Expeditions Holdings, Inc. stock has a Value Score of 36, Growth Score of 40 and Quality Score of 48.

Comparing Norwegian Cruise Line Holdings Ltd., Lindblad Expeditions Holdings and Inc.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

Learn More About A+ Investor

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.



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