Harvey Norman HoldingsHNORF 54 EV-to-FCF is 17.16 as of Jun. 27, 2026, which is 13% above its 10-year median of 15.19. GuruFocus rates HNORF with a GF Score™ of 54/100 and a GF Value™ of $3.07 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 776 Retail - Cyclical companies, Harvey Norman Holdings ranks worse than 56.83% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Harvey Norman Holdings's Enterprise Value is $5,639 Mil.
Harvey Norman Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $329 Mil. Therefore, Harvey Norman Holdings's EV-to-FCF for today is 17.16.
The historical rank and industry rank for Harvey Norman Holdings's EV-to-FCF or its related term are showing as below:
HNORF'
s EV-to-FCF Range Over the Past 10 Years
Min: 5.69 Med: 15.19 Max: 22.79
Current: 16.34
During the past 13 years, the highest EV-to-FCF of Harvey Norman Holdings was 22.79. The lowest was 5.69. And the median was 15.19.
HNORF's EV-to-FCF is ranked worse than 56.83% of 776
companies
in the Retail - Cyclical industry
Industry Median: 13.625
vs HNORF: 16.34
EV-to-FCF 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-FCF Explanation
EV-to-FCF 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Harvey Norman Holdings's EV-to-FCF falls into.
Harvey Norman Holdings's current Enterprise Value is $5,639 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Harvey Norman Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $329 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-FCF of 17.16 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Harvey Norman Holdings and its competitors. This is 13% above median its historical median of 15.19. Over the past decade, Harvey Norman Holdings' EV-to-FCF has ranged from 5.69 to 22.79. According to the industry distribution chart, Harvey Norman Holdings ranks #441 out of 776 companies in the Retail - Cyclical industry, placing it in the top 56.8%.
Is Harvey Norman Holdings' EV-to-FCF too high?
Harvey Norman Holdings' current EV-to-FCF of 17.16 is 13% above median its 10-year median of 15.19. Over the past 10 years, this metric has ranged from a low of 5.69 to a high of 22.79. The Retail - Cyclical industry median EV-to-FCF is 13.63. Harvey Norman Holdings' value of 17.16 is 25.9% above this industry median. Based on the distribution chart, Harvey Norman Holdings ranks #441 out of 776 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Harvey Norman Holdings has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harvey Norman Holdings' EV-to-FCF compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Harvey Norman Holdings ranks #441 out of 776 companies for EV-to-FCF. This places Harvey Norman Holdings in the lower half of its industry. The industry median EV-to-FCF is 13.63. Harvey Norman Holdings' value of 17.16 is 25.9% above this benchmark. Historically, Harvey Norman Holdings' own EV-to-FCF has ranged from 5.69 to 22.79 over the past decade. While the company's 10-year median is 15.19 vs. the industry median of 13.63, 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-FCF for a Retail - Cyclical company?
The median EV-to-FCF among Retail - Cyclical companies is 13.63, based on 776 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harvey Norman Holdings's current EV-to-FCF of 17.16 is 25.9% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Harvey Norman Holdings and its competitors. For the Retail - Cyclical industry, the median EV-to-FCF is 13.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvey Norman Holdings's current EV-to-FCF is 17.16, which is 13% above median its own 10-year median of 15.19. 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 (HNORF) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.07, compared to a current price of $3.72 — trading 21.2% above its estimated fair value. The current EV-to-FCF is 17.16, which is 13% above median its 10-year median of 15.19 and 25.9% above the Retail - Cyclical industry median of 13.63. Harvey Norman Holdings' overall GF Score™ is 54/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Harvey Norman Holdings (HNORF), the current EV-to-FCF is 17.16 as of Jun. 27, 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 overvalued.
The current stock price of $3.72 is trading 21.2% above its estimated GF Value™ of $3.07.
GuruFocus considers Harvey Norman Holdings to be Modestly Overvalued.
Key valuation signals for HNORF:
EV-to-FCF: 17.16 (13% above median its 10-year median of 15.19)
GF Value™: $3.07 vs. price of $3.72 (21.2% above fair value)
Industry Position: 25.9% above the Retail - Cyclical median (#441 of 776)
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.
54GF Score
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