LIND

Lindblad Expeditions Holdings, Inc.

Consumer Cyclical · $1.9B market cap

Verdict

Share price

$34.78

close of Oct 3, 2026

Fair value

$18.21

Sticker Price

Payback Price

—

no buy price

Overpriced

LIND is Overpriced: at $34.78 it trades 91% above its fair value of $18.21. There's no buy price: it has lost money 3 years in a row, so its value rests on sales alone. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Sales-Based (P/S). It still reports accounting losses, but even after paying staff in stock it generated cash in 2 of the last 3 years. Until profits show up, we value it on its sales.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth5.4% a year✗
Equity per share growth-6.2% a year✗
Sales growth12.4% a year✓
Free cash flow growth9.6% a year✗
Return on invested capital5.1%✗

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Superinvestors

2 of the investors we track hold LIND. In Q2 2026, 1 added and 1 trimmed. Who we track

Moves in Q2 2026

Added: Polen Capital Management

Trimmed: John Rogers

Insider activity

Since Sep 1, 2026: no open-market purchases and 2 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

About Lindblad Expeditions Holdings, Inc.

Lindblad Expeditions Holdings, Inc. delivers diverse adventure travel experiences, encompassing both marine expeditions and land-based journeys. Through its primary Lindblad brand, the company orchestrates voyages utilizing a fleet comprising ten proprietary expedition vessels and five ships chartered on a seasonal basis. Furthermore, it manages several distinct travel brands: Natural Habitat specializes in…

Travel Services

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works