Viking Holdings Ltd

NYSE:VIK Stock Report

Market Cap: US$35.0b

Viking Holdings Valuation

Is VIK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of VIK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: VIK ($78.8) is trading below our estimate of future cash flow value ($99.01)

Significantly Below Future Cash Flow Value: VIK is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VIK?

Key metric: As VIK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VIK. This is calculated by dividing VIK's market cap by their current earnings.
What is VIK's PE Ratio?
PE Ratio37.3x
EarningsUS$937.89m
Market CapUS$34.96b

Price to Earnings Ratio vs Peers

How does VIK's PE Ratio compare to its peers?

The above table shows the PE ratio for VIK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.1x
CCL Carnival Corporation &
16x12.27%US$43.6b
TCOM Trip.com Group
7.9x-17.30%US$35.7b
EXPE Expedia Group
19.3x16.60%US$24.9b
HTHT H World Group
29.1x16.06%US$16.7b
VIK Viking Holdings
37.3x25.46%US$35.0b

Price-To-Earnings vs Peers: VIK is expensive based on its Price-To-Earnings Ratio (37.3x) compared to the peer average (18.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does VIK's PE Ratio compare vs other companies in the US Hospitality Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BYD Boyd Gaming
3.7x-64.14%US$6.65b
INSE Inspired Entertainment
3.9x-16.78%US$224.30m
MHGU Meritage Hospitality Group
4xn/aUS$22.02m
DHCC Diamondhead Casino
0.5xn/aUS$217.79k
No more companies available in this PE range
VIK 37.3xIndustry Avg. 22.2xNo. of Companies14PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VIK is expensive based on its Price-To-Earnings Ratio (37.3x) compared to the US Hospitality industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is VIK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VIK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.3x
Fair PE Ratio36.8x

Price-To-Earnings vs Fair Ratio: VIK is expensive based on its Price-To-Earnings Ratio (37.3x) compared to the estimated Fair Price-To-Earnings Ratio (36.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VIK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$78.80
US$74.06
-6.02%
11.84%US$88.00US$59.00n/a18
Feb ’27US$72.15
US$73.56
+1.95%
11.15%US$85.00US$59.00n/a18
Jan ’27US$71.41
US$72.06
+0.90%
10.69%US$85.00US$59.00n/a18
Dec ’26US$67.28
US$68.47
+1.77%
10.03%US$82.00US$59.00n/a19
Nov ’26US$60.85
US$66.72
+9.65%
10.91%US$82.00US$54.00n/a18
Oct ’26US$60.47
US$66.59
+10.12%
9.99%US$82.00US$57.00n/a17
Sep ’26US$63.62
US$65.76
+3.37%
10.49%US$82.00US$55.00n/a17
Aug ’26US$57.56
US$60.53
+5.16%
14.27%US$82.00US$46.00n/a17
Jul ’26US$54.01
US$53.67
-0.63%
15.77%US$82.00US$45.00n/a18
Jun ’26US$44.64
US$53.11
+18.97%
15.36%US$82.00US$45.00n/a19
May ’26US$40.93
US$51.56
+25.97%
16.39%US$82.00US$44.00n/a18
Apr ’26US$40.49
US$50.94
+25.82%
8.13%US$58.00US$45.00n/a16
Mar ’26US$48.10
US$52.00
+8.11%
6.58%US$58.00US$45.00n/a14
Feb ’26US$50.63
US$51.77
+2.25%
6.66%US$58.00US$45.00US$72.1513
Jan ’26US$44.06
US$51.00
+15.75%
5.94%US$56.00US$45.00US$71.4112
Dec ’25US$46.45
US$50.90
+9.58%
6.12%US$56.00US$45.00US$67.2810
Nov ’25US$39.64
US$39.00
-1.61%
10.02%US$45.00US$29.00US$60.8511
Oct ’25US$34.50
US$38.27
+10.94%
8.42%US$42.00US$29.00US$60.4711
Sep ’25US$33.55
US$37.90
+12.97%
9.25%US$42.00US$29.00US$63.6210
Aug ’25US$35.00
US$36.27
+3.64%
8.57%US$40.00US$29.00US$57.5611
Jul ’25US$33.26
US$35.20
+5.83%
7.05%US$38.00US$29.00US$54.0110
Jun ’25US$31.41
US$34.13
+8.64%
7.67%US$37.00US$29.00US$44.648
US$74.06
Fair Value
6.4% overvalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/22 02:51
End of Day Share Price 2026/02/20 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Viking Holdings Ltd is covered by 21 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brandt MontourBarclays
Xian Siew Hew SamBNP Paribas
Andrew DidoraBofA Global Research