AUD7.23
0.69% day before yesterday
Australia, Sep 12, 08:10 am CET
ISIN
AU000000HVN7
Symbol
HVN

Harvey Norman Target price 2025 - Analyst rating & recommendation

Harvey Norman Classifications & Recommendation:

Buy
73%
Hold
20%
Sell
7%

Harvey Norman Price Target

Target Price AUD7.19
Price AUD7.23
Deviation
Number of Estimates 12
12 Analysts have issued a price target Harvey Norman 2026 . The average Harvey Norman target price is AUD7.19. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 15 analysts: 11 Analysts recommend Harvey Norman to buy, 3 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Harvey Norman stock has an average upside potential 2026 of . Most analysts recommend the Harvey Norman stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2032

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Jun '25 2026
Estimates
Revenue Billion AUD 4.28 4.42
5.14% 3.37%
EBITDA Margin 22.20% 23.06%
3.16% 3.88%
Net Margin 12.10% 10.46%
39.78% 13.59%

13 Analysts have issued a sales forecast Harvey Norman 2026 . The average Harvey Norman sales estimate is

AUD4.4b
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. This is
3.37% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
AUD4.9b 14.38%
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, the lowest is
AUD3.6b 15.48%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 AUD4.3b 5.14%
2026
AUD4.4b 3.37%
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2027
AUD5.1b 15.62%
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2028
AUD5.2b 2.29%
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2029
AUD5.3b 2.08%
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2030
AUD5.5b 3.50%
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2031
AUD5.7b 3.58%
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2032
AUD5.3b 7.23%
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14 Analysts have issued an Harvey Norman EBITDA forecast 2026. The average Harvey Norman EBITDA estimate is

AUD1.0b
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. This is
7.37% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
AUD1.2b 21.47%
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, the lowest is
AUD939m 1.11%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2025 AUD950m 8.47%
2026
AUD1.0b 7.37%
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2027
AUD1.1b 5.39%
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2028
AUD1.2b 13.58%
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2029
AUD1.2b 4.59%
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2030
AUD1.2b 3.78%
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2031
AUD1.2b 3.31%
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2032
AUD1.3b 3.20%
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EBITDA Margin

2025 22.20% 3.16%
2026
23.06% 3.88%
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2027
21.02% 8.85%
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2028
23.34% 11.04%
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2029
21.81% 6.56%
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2030
21.87% 0.28%
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2031
21.81% 0.27%
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2032
24.27% 11.28%
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13 Harvey Norman Analysts have issued a net profit forecast 2026. The average Harvey Norman net profit estimate is

AUD463m
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. This is
10.66% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
AUD563m 8.60%
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, the lowest is
AUD415m 19.85%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 AUD518m 46.98%
2026
AUD463m 10.66%
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2027
AUD498m 7.66%
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2028
AUD561m 12.65%
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2029
AUD541m 3.54%
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2030
AUD554m 2.33%
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2031
AUD563m 1.55%
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2032
AUD586m 4.25%
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Net Margin

2025 12.10% 39.78%
2026
10.46% 13.59%
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2027
9.74% 6.88%
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2028
10.73% 10.16%
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2029
10.14% 5.50%
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2030
10.02% 1.18%
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2031
9.82% 2.00%
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2032
11.04% 12.42%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2032

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Jun '25 2026
Estimates
Earnings Per Share AUD 0.42 0.37
50.00% 11.90%
P/E 19.47
EV/Sales 2.51

13 Analysts have issued a Harvey Norman forecast for earnings per share. The average Harvey Norman EPS is

AUD0.37
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. This is
11.90% lower
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than earnings per share in the financial year 2025. The highest EPS forecast is
AUD0.45 7.14%
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, the lowest is
AUD0.33 21.43%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 AUD0.42 50.00%
2026
AUD0.37 11.90%
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2027
AUD0.40 8.11%
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2028
AUD0.45 12.50%
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2029
AUD0.43 4.44%
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2030
AUD0.44 2.33%
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2031
AUD0.45 2.27%
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2032
AUD0.47 4.44%
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P/E ratio

Current 17.21 9.34%
2026
19.47 13.10%
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2027
18.08 7.14%
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2028
16.05 11.23%
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2029
16.64 3.68%
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2030
16.26 2.28%
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2031
16.01 1.54%
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2032
15.36 4.06%
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Based on analysts' sales estimates for 2026, the Harvey Norman stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.59 35.60%
2026
2.51 3.25%
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2027
2.17 13.51%
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2028
2.12 2.24%
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2029
2.08 2.04%
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2030
2.01 3.38%
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2031
1.94 3.46%
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2032
2.09 7.79%
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P/S ratio

Current 2.12 49.54%
2026
2.05 3.26%
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2027
1.77 13.51%
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2028
1.73 2.24%
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2029
1.70 2.04%
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2030
1.64 3.39%
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2031
1.58 3.46%
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2032
1.71 7.79%
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Current Harvey Norman Upgrades & Downgrades

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Analyst Rating Action Date
BELL POTTER SECURITIES
Locked
Locked
Locked Jul 09 2025
JEFFERIES
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Locked Jun 17 2025
MACQUARIE RESEARCH
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Locked Mar 18 2025
BELL POTTER SECURITIES
Locked
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Locked Mar 02 2025
JEFFERIES
Locked
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Locked Feb 27 2025
Analyst Rating Date
Locked
BELL POTTER SECURITIES:
Locked
Locked
Jul 09 2025
Locked
JEFFERIES:
Locked
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Jun 17 2025
Locked
MACQUARIE RESEARCH:
Locked
Locked
Mar 18 2025
Locked
BELL POTTER SECURITIES:
Locked
Locked
Mar 02 2025
Locked
JEFFERIES:
Locked
Locked
Feb 27 2025

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