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- Harvey Norman Holdings
Harvey Norman Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for Harvey Norman Holdings and similar public comparables like Valvoline, JD Sports Fashion, Macy's, Boyd Group Services and more.
Harvey Norman Holdings Overview
About Harvey Norman Holdings
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.
Founded
1987
HQ

Employees
9.4K
Website
Sectors
Financials (LTM)
EV
$6B
Harvey Norman Holdings Financials
Harvey Norman Holdings reported last 12-month revenue of $3B and EBITDA of $732M.
In the same LTM period, Harvey Norman Holdings generated $1B in gross profit, $732M in EBITDA, and $317M in net income.
Revenue (LTM)
Harvey Norman Holdings P&L
In the most recent fiscal year, Harvey Norman Holdings reported revenue of $3B and EBITDA of $733M.
Harvey Norman Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 39% | XXX | 50% | XXX | XXX | XXX |
| EBITDA | $732M | XXX | $733M | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 25% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $317M | XXX | $357M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $453M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Harvey Norman Holdings Stock Performance
Harvey Norman Holdings has current market cap of $5B, and enterprise value of $6B.
Market Cap Evolution
Harvey Norman Holdings' stock price is $3.92.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $5B | -0.4% | XXX | XXX | XXX | $0.29 |
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Start Free TrialHarvey Norman Holdings Valuation Multiples
Harvey Norman Holdings trades at 2.0x EV/Revenue multiple, and 8.6x EV/EBITDA.
EV / Revenue (LTM)
Harvey Norman Holdings Financial Valuation Multiples
As of April 5, 2026, Harvey Norman Holdings has market cap of $5B and EV of $6B.
Equity research analysts estimate Harvey Norman Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Harvey Norman Holdings has a P/E ratio of 15.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 8.6x | XXX | 8.6x | XXX | XXX | XXX |
| EV/EBIT | 11.7x | XXX | 13.1x | XXX | XXX | XXX |
| EV/Gross Profit | 5.1x | XXX | 4.4x | XXX | XXX | XXX |
| P/E | 15.4x | XXX | 13.7x | XXX | XXX | XXX |
| EV/FCF | 21.2x | XXX | 17.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Harvey Norman Holdings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Harvey Norman Holdings Margins & Growth Rates
Harvey Norman Holdings' revenue in the last 12 month grew by 4%.
Harvey Norman Holdings' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Harvey Norman Holdings' rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Harvey Norman Holdings' rule of X is 42% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Harvey Norman Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 42% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 11% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 40% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Harvey Norman Holdings Public Comps
See public comps and valuation multiples for other Specialty Stores comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Valvoline | XXX | XXX | XXX | XXX | XXX | XXX |
| JD Sports Fashion | XXX | XXX | XXX | XXX | XXX | XXX |
| Macy's | XXX | XXX | XXX | XXX | XXX | XXX |
| Boyd Group Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Shimamura | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Harvey Norman Holdings M&A Activity
Harvey Norman Holdings acquired XXX companies to date.
Last acquisition by Harvey Norman Holdings was on XXXXXXXX, XXXXX. Harvey Norman Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Harvey Norman Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHarvey Norman Holdings Investment Activity
Harvey Norman Holdings invested in XXX companies to date.
Harvey Norman Holdings made its latest investment on XXXXXXXX, XXXXX. Harvey Norman Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Harvey Norman Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Harvey Norman Holdings
| When was Harvey Norman Holdings founded? | Harvey Norman Holdings was founded in 1987. |
| Where is Harvey Norman Holdings headquartered? | Harvey Norman Holdings is headquartered in Australia. |
| How many employees does Harvey Norman Holdings have? | As of today, Harvey Norman Holdings has over 9K employees. |
| Who is the CEO of Harvey Norman Holdings? | Harvey Norman Holdings' CEO is Kay Lesley Page. |
| Is Harvey Norman Holdings publicly listed? | Yes, Harvey Norman Holdings is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Harvey Norman Holdings? | Harvey Norman Holdings trades under HVN ticker. |
| When did Harvey Norman Holdings go public? | Harvey Norman Holdings went public in 1987. |
| Who are competitors of Harvey Norman Holdings? | Harvey Norman Holdings main competitors are Valvoline, JD Sports Fashion, Macy's, Boyd Group Services. |
| What is the current market cap of Harvey Norman Holdings? | Harvey Norman Holdings' current market cap is $5B. |
| What is the current revenue of Harvey Norman Holdings? | Harvey Norman Holdings' last 12 months revenue is $3B. |
| What is the current revenue growth of Harvey Norman Holdings? | Harvey Norman Holdings revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Harvey Norman Holdings? | Current revenue multiple of Harvey Norman Holdings is 2.0x. |
| Is Harvey Norman Holdings profitable? | Yes, Harvey Norman Holdings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Harvey Norman Holdings? | Harvey Norman Holdings' last 12 months EBITDA is $732M. |
| What is Harvey Norman Holdings' EBITDA margin? | Harvey Norman Holdings' last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of Harvey Norman Holdings? | Current EBITDA multiple of Harvey Norman Holdings is 8.6x. |
| What is the current FCF of Harvey Norman Holdings? | Harvey Norman Holdings' last 12 months FCF is $298M. |
| What is Harvey Norman Holdings' FCF margin? | Harvey Norman Holdings' last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Harvey Norman Holdings? | Current FCF multiple of Harvey Norman Holdings is 21.2x. |
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