Harvey Norman Holdings (ASX:HVN) EBITDA Margin %: 27.25% (As of Dec. 2025) — Near Median


ASX:HVN Harvey Norman Holdings Ltd ASX:HVN
78 GF Score
Price A$4.88
GF Value A$5.49
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Harvey Norman Holdings EBITDA Margin %?

Harvey Norman Holdings ASX:HVN +0.41% 78 EBITDA Margin % is 27.25% as of Dec. 2025, which is 6% above its 10-year median of 25.59. GuruFocus rates ASX:HVN with a GF Score™ of 78/100 and a GF Value™ of A$5.49 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Harvey Norman Holdings ranks better than 92.11% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Harvey Norman Holdings's EBITDA for the six months ended in Dec. 2025 was A$588 Mil. Harvey Norman Holdings's Revenue for the six months ended in Dec. 2025 was A$2,160 Mil. Therefore, Harvey Norman Holdings's EBITDA margin for the quarter that ended in Dec. 2025 was 27.25%.


Harvey Norman Holdings  (ASX:HVN) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Harvey Norman Holdings EBITDA Margin % Related Terms


Harvey Norman Holdings EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Harvey Norman Holdings's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Harvey Norman Holdings EBITDA Margin % Chart

Harvey Norman Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.14 33.66 27.12 21.35 25.78

Harvey Norman Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.64 22.01 26.59 25.06 27.25

ASX:HVN vs CASY, WSM, ULTA: EBITDA Margin % Comparison

For the Specialty Retail subindustry, Harvey Norman Holdings's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Harvey Norman Holdings EBITDA Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Harvey Norman Holdings's EBITDA Margin % falls into.


ASX:HVN
78GF Score
Harvey Norman Holdings Ltd ASX:HVN
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Harvey Norman Holdings EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Harvey Norman Holdings's EBITDA Margin % for the fiscal year that ended in Jun. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Jun. 2025 )/Revenue (A: Jun. 2025 )
=1062.569/4121.467
=25.78 %

Harvey Norman Holdings's EBITDA Margin % for the quarter that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=588.489/2159.881
=27.25 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 27.25% mean?
Harvey Norman Holdings (ASX:HVN) has a EBITDA Margin % of 27.25% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Harvey Norman Holdings and its competitors. This is near median its historical median of 25.59. Over the past decade, Harvey Norman Holdings' EBITDA Margin % has ranged from 21.27 to 34.14. According to the industry distribution chart, Harvey Norman Holdings ranks #89 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 7.9%.
Is Harvey Norman Holdings' EBITDA Margin % too high?
Harvey Norman Holdings' current EBITDA Margin % of 27.25% is near median its 10-year median of 25.59. Over the past 10 years, this metric has ranged from a low of 21.27 to a high of 34.14. The Retail - Cyclical industry median EBITDA Margin % is 7.48. Harvey Norman Holdings' value of 27.25% is 264.3% above this industry median. Based on the distribution chart, Harvey Norman Holdings ranks #89 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Harvey Norman Holdings has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harvey Norman Holdings' EBITDA Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Harvey Norman Holdings ranks #89 out of 1128 companies for EBITDA Margin %. This places Harvey Norman Holdings in the top 8% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 7.48. Harvey Norman Holdings' value of 27.25% is 264.3% above this benchmark. Historically, Harvey Norman Holdings' own EBITDA Margin % has ranged from 21.27 to 34.14 over the past decade. While the company's 10-year median is 25.59 vs. the industry median of 7.48, Harvey Norman Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Retail - Cyclical company?
The median EBITDA Margin % among Retail - Cyclical companies is 7.48, based on 1,128 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harvey Norman Holdings's current EBITDA Margin % of 27.25% is 264.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Harvey Norman Holdings and its competitors. For the Retail - Cyclical industry, the median EBITDA Margin % is 7.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvey Norman Holdings's current EBITDA Margin % is 27.25%, which is near median its own 10-year median of 25.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harvey Norman Holdings stock overvalued right now?
Based on GuruFocus' analysis, Harvey Norman Holdings (ASX:HVN) is currently considered Modestly Undervalued. The stock's GF Value™ is A$5.49, compared to a current price of A$4.88 — trading 11.1% below its estimated fair value. The current EBITDA Margin % is 27.25%, which is near median its 10-year median of 25.59 and 264.3% above the Retail - Cyclical industry median of 7.48. Harvey Norman Holdings' overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Harvey Norman Holdings (ASX:HVN), the current EBITDA Margin % is 27.25% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Harvey Norman Holdings (ASX:HVN) Overvalued in 2026?

Based on GuruFocus' analysis, Harvey Norman Holdings stock appears to be undervalued. The current stock price of A$4.88 is trading 11.1% below its estimated GF Value™ of A$5.49. GuruFocus considers Harvey Norman Holdings to be Modestly Undervalued.

Key valuation signals for ASX:HVN:

  • EBITDA Margin %: 27.25% (near median its 10-year median of 25.59)
  • GF Value™: A$5.49 vs. price of A$4.88 (11.1% below fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 264.3% above the Retail - Cyclical median (#89 of 1128)

No single metric tells the full story. See the ASX:HVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harvey Norman Holdings Business Description

Address A1 Richmond Road, Homebush West, Sydney, NSW, AUS, 2140
Harvey Norman Holdings Limited is the franchisor of Harvey Norman, a leading Australia-based retailer that sells goods from the electrical, computer, furniture, entertainment, and bedding sectors. The majority of earnings are generated in Australia, with the international divisions gradually growing in significance.
78GF Score

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EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$4.88
Price
A$5.49
GF Value