109.55 USD (+34.8%)
22 analysts
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Viking Holdings is a luxury cruise line operating a fleet of ships focused on cultural destinations and premium experiences, with a business model centered on the high-net-worth customer.
Key points
from its scores- ✓Good share-price trend9.3
- ✓Strong growth8.1
- ✓High-quality business7.2
- ✕Little or no dividend1.5
- ✕Unfavourable risk and backdrop3.9
AI analysis
bottom line, main risk, context and newsHold or buy on pullbacks, given the strong growth and quality of the business, but watch the valuation premium and the sector's sensitivity to a potential cooling of discretionary consumption.
Viking Holdings presents a solid financial profile with revenue growth of 16.5% and an operating margin of 29.39%, supported by an exceptional ROE of 139.62%. The valuation, with a P/E of 27.0, is partially justified by a PEG of 0.57, although the EV/EBITDA of 20.17 suggests a premium that the market is already discounting.
The main risk is the business's sensitivity to an economic slowdown that reduces spending on luxury travel, along with exposure to fuel price volatility and potential geopolitical disruptions in key shipping routes.
Context and risks
Viking Holdings is domiciled in Bermuda, a jurisdiction with moderate governance risk. Although the company operates in the luxury cruise sector with a solid business model, exposure to a less predictable regulatory and fiscal environment justifies a slight risk adjustment.
Is Viking Holdings stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 65% above the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 27.0 | 17.8 | +51% |
| EV / EBITDA | 20.2 | 11.2 | +80% |
| Price / book | 22.3 | 2.9 | +678% |
| Price / sales | 5.2 | 1.3 | +315% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.5 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 109.55 USD, +34.8% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 7.2 (sector 5.7), Growth 8.1 (sector 5.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 27.0
- Forward P/E
- 18.5
- EV / EBITDA
- 20.2
- Price / book
- 22.3
- Price / sales
- 5.2
- PEG
- 0.57
- Market cap
- 36.3B USD
- Enterprise value
- 38.5B USD
Profitability
- ROE
- 139.6%
- ROA
- 8.1%
- ROIC (approx.)
- 26.2%
- Gross margin
- 44.3%
- Operating margin
- 29.4%
- Net margin
- 19.3%
- Free cash flow
- 405.8M USD
- FCF yield
- 1.1%
- Cash conversion
- 21%
Solvency
- Total debt
- 6.2B USD
- Net debt
- 2.2B USD
- Cash
- 4.0B USD
- EBITDA
- 1.9B USD
- Net debt / EBITDA
- 1.15
- Debt / equity
- 374.76
- Current ratio
- 0.81
- Quick ratio
- 0.68
Growth
- Revenue growth
- +16.5%
- Earnings growth
- +32.3%
- EPS (TTM)
- 3.01 USD
- EPS (forward)
- 4.38 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.47
- Analyst consensus
- Strong buy (22)
- Target price
- 109.55 USD
- 52-week range
- 56.37 – 110.09
Recent news
All VIK news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Viking Holdings
Is Viking Holdings stock cheap or expensive?
On P/E and EV / EBITDA, it trades 65% above the Consumer Cyclical median on average. Valuation score: 5.5 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 109.55 USD, +34.8% versus the price. This is not investment advice.
What score does Viking Holdings get on MeridIAn Screener?
It scores 6.2 out of 10, rank 853 of 2,130 (better than 60% of the companies analysed). Its strongest category is Momentum (9.3) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Viking Holdings's P/E ratio?
Its P/E is 27.0: the share price equals 27.0 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 18.5.
How much is Viking Holdings worth on the stock market?
Its market capitalisation is 36.3B USD and its enterprise value, debt included, is 38.5B USD.
How much debt does Viking Holdings have?
Its net debt (debt minus cash) is 2.2B USD. That is 1.15 times its EBITDA; the Consumer Cyclical median is 1.91.
Does Viking Holdings pay a dividend?
It pays no dividend, or almost none.
How has Viking Holdings stock performed over the last year?
It has risen 39.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 56.37 and 110.09 USD. Past performance does not guarantee future results.
What do analysts think of Viking Holdings?
22 analysts cover it; their average recommendation is “Strong buy” and their average target is 109.55 USD (+34.8% versus the price). It is an estimate, not market data.