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Harvey Norman HoldingsHNORF 75 EV-to-OCF is 13.50 as of Jul. 30, 2026, which is 15% above its 10-year median of 11.72. GuruFocus rates HNORF with a GF Score™ of 75/100 and a GF Value™ of $4.35. The stock has 5 warning signs investors should review. Among 1,134 Retail - Cyclical companies, Harvey Norman Holdings ranks worse than 68.25% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Harvey Norman Holdings's Enterprise Value is $5,687 Mil.
Harvey Norman Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $421 Mil. Therefore, Harvey Norman Holdings's EV-to-OCF for today is 13.50.
The historical rank and industry rank for Harvey Norman Holdings's EV-to-OCF or its related term are showing as below:
HNORF'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.18 Med: 11.72 Max: 17
Current: 12.46
During the past 13 years, the highest EV-to-OCF of Harvey Norman Holdings was 17.00. The lowest was 5.18. And the median was 11.72.
HNORF's EV-to-OCF is ranked worse than 68.25% of 1134
companies
in the Retail - Cyclical industry
Industry Median: 7.09
vs HNORF: 12.46
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Harvey Norman Holdings (OTCPK:HNORF) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Harvey Norman Holdings's PE Ratio (TTM) for today is calculated as:
Harvey Norman Holdings's share price for today is $3.72.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Harvey Norman Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.295.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Harvey Norman Holdings's EV-to-OCF falls into.
Harvey Norman Holdings's current Enterprise Value is $5,687 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Harvey Norman Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $421 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-OCF of 13.50 as of Jul. 30, 2026. This is 15% above median its historical median of 11.72. Over the past decade, Harvey Norman Holdings' EV-to-OCF has ranged from 5.18 to 17.00. According to the industry distribution chart, Harvey Norman Holdings ranks #774 out of 1134 companies in the Retail - Cyclical industry, placing it in the top 68.3%.
Is Harvey Norman Holdings' EV-to-OCF too high?
Harvey Norman Holdings' current EV-to-OCF of 13.50 is 15% above median its 10-year median of 11.72. Over the past 10 years, this metric has ranged from a low of 5.18 to a high of 17.00. The Retail - Cyclical industry median EV-to-OCF is 7.09. Harvey Norman Holdings' value of 13.50 is 90.4% above this industry median. Based on the distribution chart, Harvey Norman Holdings ranks #774 out of 1134 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Harvey Norman Holdings has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Harvey Norman Holdings' EV-to-OCF compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Harvey Norman Holdings ranks #774 out of 1134 companies for EV-to-OCF. This places Harvey Norman Holdings in the lower half of its industry. The industry median EV-to-OCF is 7.09. Harvey Norman Holdings' value of 13.50 is 90.4% above this benchmark. Historically, Harvey Norman Holdings' own EV-to-OCF has ranged from 5.18 to 17.00 over the past decade. While the company's 10-year median is 11.72 vs. the industry median of 7.09, 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 EV-to-OCF for a Retail - Cyclical company?
The median EV-to-OCF among Retail - Cyclical companies is 7.09, based on 1,134 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harvey Norman Holdings's current EV-to-OCF of 13.50 is 90.4% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median EV-to-OCF is 7.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvey Norman Holdings's current EV-to-OCF is 13.50, which is 15% above median its own 10-year median of 11.72. 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-OCF of 13.50. The stock's GF Value™ is $4.35, compared to a current price of $3.72 — trading 14.5% below its estimated fair value. The current EV-to-OCF is 13.50, which is 15% above median its 10-year median of 11.72 and 90.4% above the Retail - Cyclical industry median of 7.09. Harvey Norman Holdings' overall GF Score™ is 75/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Harvey Norman Holdings (HNORF), the current EV-to-OCF is 13.50 as of Jul. 30, 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 14.5% below its estimated GF Value™ of $4.35.
Key valuation signals for HNORF:
EV-to-OCF: 13.50 (15% above median its 10-year median of 11.72)
GF Value™: $4.35 vs. price of $3.72 (14.5% below fair value)
Industry Position: 90.4% above the Retail - Cyclical median (#774 of 1134)
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.
75GF Score
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