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Harvey Norman HoldingsHNORF 76 EV-to-EBIT is 9.70 as of Jul. 19, 2026, which is 6% above its 10-year median of 9.12. GuruFocus rates HNORF with a GF Score™ of 76/100 and a GF Value™ of $4.27. The stock has 5 warning signs investors should review. Among 874 Retail - Cyclical companies, Harvey Norman Holdings ranks better than 68.99% on this metric.
Harvey Norman Holdings (OTCPK:HNORF) EV-to-EBIT Explanation
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Harvey Norman Holdings's Enterprise Value for the quarter that ended in Dec. 2025 was $5,833 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Harvey Norman Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $574 Mil.
* 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.
* 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.
For the Specialty Retail subindustry, Harvey Norman Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Harvey Norman Holdings's EV-to-EBIT falls into.
Harvey Norman Holdings's current Enterprise Value is $5,568 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Harvey Norman Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $574 Mil.
* 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 (HNORF) has a EV-to-EBIT of 9.70 as of Jul. 19, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Harvey Norman Holdings and its competitors. This is near median its historical median of 9.12. Over the past decade, Harvey Norman Holdings' EV-to-EBIT has ranged from 4.94 to 14.90. According to the industry distribution chart, Harvey Norman Holdings ranks #271 out of 874 companies in the Retail - Cyclical industry, placing it in the top 31%.
Is Harvey Norman Holdings' EV-to-EBIT too high?
Harvey Norman Holdings' current EV-to-EBIT of 9.70 is near median its 10-year median of 9.12. Over the past 10 years, this metric has ranged from a low of 4.94 to a high of 14.90. The Retail - Cyclical industry median EV-to-EBIT is 13.49. Harvey Norman Holdings' value of 9.70 is 28.1% below this industry median. Based on the distribution chart, Harvey Norman Holdings ranks #271 out of 874 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Harvey Norman Holdings has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Harvey Norman Holdings' EV-to-EBIT compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Harvey Norman Holdings ranks #271 out of 874 companies for EV-to-EBIT. This puts Harvey Norman Holdings in the upper half of its industry. The industry median EV-to-EBIT is 13.49. Harvey Norman Holdings' value of 9.70 is 28.1% below this benchmark. Historically, Harvey Norman Holdings' own EV-to-EBIT has ranged from 4.94 to 14.90 over the past decade. While the company's 10-year median is 9.12 vs. the industry median of 13.49, Harvey Norman Holdings has consistently been below 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 EV-to-EBIT for a Retail - Cyclical company?
The median EV-to-EBIT among Retail - Cyclical companies is 13.49, based on 874 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harvey Norman Holdings's current EV-to-EBIT of 9.70 is 28.1% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Harvey Norman Holdings and its competitors. For the Retail - Cyclical industry, the median EV-to-EBIT is 13.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvey Norman Holdings's current EV-to-EBIT is 9.70, which is near median its own 10-year median of 9.12. 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?
Harvey Norman Holdings (HNORF) has a current EV-to-EBIT of 9.70. The stock's GF Value™ is $4.27, compared to a current price of $3.72 — trading 12.9% below its estimated fair value. The current EV-to-EBIT is 9.70, which is near median its 10-year median of 9.12 and 28.1% below the Retail - Cyclical industry median of 13.49. Harvey Norman Holdings' overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Harvey Norman Holdings (HNORF), the current EV-to-EBIT is 9.70 as of Jul. 19, 2026. 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 (HNORF) Overvalued in 2026?
Based on GuruFocus' analysis, Harvey Norman Holdings stock appears to be undervalued.
The current stock price of $3.72 is trading 12.9% below its estimated GF Value™ of $4.27.
Key valuation signals for HNORF:
EV-to-EBIT: 9.70 (near median its 10-year median of 9.12)
GF Value™: $4.27 vs. price of $3.72 (12.9% below fair value)
Industry Position: 28.1% below the Retail - Cyclical median (#271 of 874)
No single metric tells the full story. See the HNORF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
76GF Score
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