Harvey Norman HoldingsHNORY 72 FCF Margin % is 15.09% as of Dec. 2025, which is 22% above its 10-year median of 12.38. GuruFocus rates HNORY with a GF Score™ of 72/100 and a GF Value™ of $10.78 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,125 Retail - Cyclical companies, Harvey Norman Holdings ranks better than 80.98% on this metric.
* 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 FCF Margin %, along with its competitors' market caps and FCF 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 FCF Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Harvey Norman Holdings's FCF Margin % falls into.
* 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 (HNORY) has a FCF Margin % of 15.09% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Harvey Norman Holdings and its competitors. This is 22% above median its historical median of 12.38. Over the past decade, Harvey Norman Holdings' FCF Margin % has ranged from 8.69 to 28.51. According to the industry distribution chart, Harvey Norman Holdings ranks #214 out of 1125 companies in the Retail - Cyclical industry, placing it in the top 19%.
Is Harvey Norman Holdings' FCF Margin % too high?
Harvey Norman Holdings' current FCF Margin % of 15.09% is 22% above median its 10-year median of 12.38. Over the past 10 years, this metric has ranged from a low of 8.69 to a high of 28.51. The Retail - Cyclical industry median FCF Margin % is 3.02. Harvey Norman Holdings' value of 15.09% is 399.7% above this industry median. Based on the distribution chart, Harvey Norman Holdings ranks #214 out of 1125 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 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harvey Norman Holdings' FCF Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Harvey Norman Holdings ranks #214 out of 1125 companies for FCF Margin %. This places Harvey Norman Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.02. Harvey Norman Holdings' value of 15.09% is 399.7% above this benchmark. Historically, Harvey Norman Holdings' own FCF Margin % has ranged from 8.69 to 28.51 over the past decade. While the company's 10-year median is 12.38 vs. the industry median of 3.02, 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 FCF Margin % for a Retail - Cyclical company?
The median FCF Margin % among Retail - Cyclical companies is 3.02, based on 1,125 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harvey Norman Holdings's current FCF Margin % of 15.09% is 399.7% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Harvey Norman Holdings and its competitors. For the Retail - Cyclical industry, the median FCF Margin % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvey Norman Holdings's current FCF Margin % is 15.09%, which is 22% above median its own 10-year median of 12.38. 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 (HNORY) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.78, compared to a current price of $15.62 — trading 44.9% above its estimated fair value. The current FCF Margin % is 15.09%, which is 22% above median its 10-year median of 12.38 and 399.7% above the Retail - Cyclical industry median of 3.02. Harvey Norman Holdings' overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Harvey Norman Holdings (HNORY), the current FCF Margin % is 15.09% 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 (HNORY) Overvalued in 2026?
Based on GuruFocus' analysis, Harvey Norman Holdings stock appears to be overvalued.
The current stock price of $15.62 is trading 44.9% above its estimated GF Value™ of $10.78.
GuruFocus considers Harvey Norman Holdings to be Significantly Overvalued.
Key valuation signals for HNORY:
FCF Margin %: 15.09% (22% above median its 10-year median of 12.38)
GF Value™: $10.78 vs. price of $15.62 (44.9% above fair value)
Industry Position: 399.7% above the Retail - Cyclical median (#214 of 1125)
No single metric tells the full story. See the HNORY 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.
72GF Score
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