Viking Holdings Ltd
Research Viking Holdings Ltd (VIK) on Bullrun: valuation model: 8.6% overvalued, market cap USD 35.59B, P/E 26.8. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerVIK
- ExchangeNYSE
- CountryBermuda
- SectorConsumer Cyclical
- IndustryTravel Services
- CurrencyUSD
- Valuation signal8.6% overvalued
- Market capUSD 35.59B
- P/E26.8
- Financial periodQ2 2026
- RevenueUSD 2.19B
- Net incomeUSD 587.44M
- Free cash flow-USD 346.72M
- Gross margin45.5%
Valuation Snapshot
Bullrun's latest valuation model marks Viking Holdings Ltd as 8.6% overvalued; latest market cap is USD 35.59B; P/E is 26.8.
Peer valuation comparison
Latest P/E is 26.78x versus a Consumer Cyclical sector median of 17.69x (51.4% above).
Latest P/E is 26.78x versus a Bermuda median of 8.92x (200.3% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 6.50B | USD 1.15B | USD 1.53B | 43.3% | 2.57 | USD 3.65B | USD 5.74B | USD 1.09B |
| FY2024 | USD 5.33B | USD 152.33M | USD 1.16B | 41.6% | 0.36 | USD 2.34B | USD 5.57B | -USD 222.73M |
| FY2023 | USD 4.71B | -USD 1.85B | USD 695.00M | 39.5% | -2.27 | USD 1.37B | USD 5.55B | -USD 5.27B |
| FY2022 | USD 3.18B | USD 414.72M | -USD 583.71M | 32.2% | -0.69 | USD 1.25B | USD 5.45B | -USD 3.50B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 35.59B | 26.8 | n/a | n/a |
| 2025 | 2025-12-31 | USD 31.83B | 27.8 | n/a | n/a |
| 2024 | 2024-12-31 | USD 19.51B | 107.5 | n/a | n/a |
About Viking Holdings Ltd
Viking Holdings Ltd focused on providing passenger cruises in North America, the United Kingdom, and internationally. It operates through the River and Ocean segments. 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 for English-speaking passengers. The Ocean segment provides ocean cruises for English-speaking passengers.
ETFs that hold Viking Holdings Ltd
Viking Holdings Ltd is one of the ten largest holdings of 3 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| iShares Ageing Population UCITS ETF USD (Acc) | 0.56% | 0.40% |
| US Global Investors Travel UCITS ETF | 3.50% | 0.69% |
| First Trust Ipox Europe Equity Opportunities UCITS ETF | 4.23% | 0.65% |
Related stock research
Other Consumer Cyclical stocks
Frequently asked questions
Is Viking Holdings Ltd overvalued or undervalued?
Bullrun's valuation model currently marks Viking Holdings Ltd as 8.6% overvalued.
What is Viking Holdings Ltd's market cap?
Viking Holdings Ltd's market capitalization is USD 35.59B.
What is Viking Holdings Ltd's P/E ratio?
Viking Holdings Ltd's price-to-earnings (P/E) ratio is 26.8.
What does Viking Holdings Ltd do?
Viking Holdings Ltd focused on providing passenger cruises in North America, the United Kingdom, and internationally. It operates through the River and Ocean segments. 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 for English-speaking passengers. The Ocean segment provides ocean cruises for English-speaking passengers.