HNORF (Harvey Norman Holdings) Moat Score: 6/10 (As of Jun. 27, 2026)


HNORF Harvey Norman Holdings Ltd HNORF
54 GF Score
Price $3.72
GF Value $4.19
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Harvey Norman Holdings Moat Score?

Harvey Norman Holdings HNORF 54 Moat Score is 6 as of Jun. 27, 2026. GuruFocus rates HNORF with a GF Score™ of 54/100 and a GF Value™ of $4.19 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,122 Retail - Cyclical companies, Harvey Norman Holdings ranks better than 97.86% on this metric.

Harvey Norman Holdings has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Harvey Norman Holdings has Narrow Moat: Harvey Norman Holdings Ltd has a strong narrow moat due to its robust brand and extensive distribution network in Australia. It benefits from economies of scale and customer loyalty. However, it faces intense competition and lacks significant regulatory barriers or intellectual property to elevate it to a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Harvey Norman Holdings might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Harvey Norman Holdings  (OTCPK:HNORF) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Harvey Norman Holdings Moat Score Related Terms

HNORF vs CASY, WSM, ULTA: Moat Score Comparison

For the Specialty Retail subindustry, Harvey Norman Holdings's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Retail - Cyclical Industry

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

* The bar in red indicates where Harvey Norman Holdings's Moat Score falls into.


HNORF
54GF Score
Harvey Norman Holdings Ltd HNORF
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Harvey Norman Holdings (HNORF) has a Moat Score of 6 as of Jun. 27, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Harvey Norman Holdings ranks #24 out of 1122 companies in the Retail - Cyclical industry, placing it in the top 2.1%.
Is Harvey Norman Holdings' Moat Score too high?
Harvey Norman Holdings' current Moat Score is 6. Based on the distribution chart, Harvey Norman Holdings ranks #24 out of 1122 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 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harvey Norman Holdings' Moat Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Harvey Norman Holdings ranks #24 out of 1122 companies for Moat Score. This places Harvey Norman Holdings in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Retail - Cyclical company?
A good Moat Score depends on the Retail - Cyclical industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Harvey Norman Holdings's current Moat Score is 6. 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 $4.19, compared to a current price of $3.72 — trading 11.2% below its estimated fair value. The current Moat Score is 6. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Harvey Norman Holdings (HNORF), the current Moat Score is 6 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 undervalued. The current stock price of $3.72 is trading 11.2% below its estimated GF Value™ of $4.19. GuruFocus considers Harvey Norman Holdings to be Modestly Overvalued.

Key valuation signals for HNORF:

  • Moat Score: 6
  • GF Value™: $4.19 vs. price of $3.72 (11.2% below fair value)
  • GF Score™: 54/100 with 5 warning signs

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 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.
54GF Score

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

$3.72
Price
$4.19
GF Value