Stock Analysis
MillerKnoll, Inc. Common StockMLKN
P/E 14.79×· 5Y range 11.62–154.60×· bottom 14% of history
Sector: Consumer Cyclical · Industry: Office Furniture
AnalystsStrong Buy8 analystsP/E 14.8× sits at the 14th percentile of its 4.955509924709103-year history.
Cash covers 13% of debt · Q3 2026.
PMP Verdict
Mixed fundamentals, cheap valuation
Strengths
- Quality90
Risks
- Profitability21
- Growth25
Mixed business trading cheap — priced for skepticism.
Market context
-2.8% today· Z 2.3σ· MillerKnoll fell 3.14% on below-average volume amid a lack of direct negative news catalysts.
Bull Case
- ✓P/E 14.8× at bottom 14% of 5-year history
Why is MLKN moving?
TechnicalMillerKnoll fell 3.14% on below-average volume amid a lack of direct negative news catalysts.
Profile
Strong valuation and earnings quality; profitability, growth and moat lag behind.
How is each axis scored?
- Valuation90/100 · Strong
- P/E vs own history (14th pct)25/25
- FCF yield (8.0%)20/25
- P/S (0.4x)25/25
- EV/EBIT (13.1x)20/25
- Growth25/100 · Weak
- Revenue CAGR (-0.7%)0/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (54.6%)25/25
- Profitability21/100 · Weak
- ROIC (6.3%)5/25
- ROE (7.3%)5/25
- Net margin (2.6%)6/25
- Operating margin (5.2%)5/25
- Financial Health50/100 · Moderate
- Altman Z (1.56)10/25
- Current ratio (1.64)18/25
- Interest coverage (2.5x)10/25
- Net cash / debt (D/A 28%)12/25
- Quality90/100 · Strong
- Piotroski F (6/9)15/25
- Beneish M (-7.42)25/25
- FCF conversion (118%)25/25
- Margin stability (σ 4.2%)25/25
- Moat42/100 · Weak
- ROIC >12% years (4/9 yrs)6/25
- Median gross margin (37.3%)13/25
- FCF-positive years (9/10 yrs)18/25
- Worst-year net margin (worst -1.0%)5/25
Risk Flags
- ⚠Altman Z 1.6 — distress-zone balance sheet
- ⚠3 loss-making years in recent history
- ⚠Interest coverage 2.5× — thin debt cushion
- ⚠Revenue shrinking 0.7%/yr
About MillerKnoll, Inc. Common Stock
MillerKnoll Inc, formerly Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe. Show more
The Company has three reportable segments: Americas Contract, International Contract, and Global Retail. The company's products are sold through a variety of sources, including owned and independent contract furniture dealers, direct customer sales, owned and independent retailers, direct-mail catalogs, and the company's online stores. The independent retailer division generates the majority of the firm's overall sales.
Headquarters: ZEELAND, MI · Employees: 10,544 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
90A+P/E (TTM)14.8xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 11.6x–154.6x · 14th pct
P/FCF12.9xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
FCF Yield8.0%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -5.6%–15.7% · 49th pct · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
P/S (TTM)0.38xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 0.3x–1.2x · 33rd pct
EV/EBIT13.1xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 10.4x–281.5x · 11th pct
EV/Sales0.7xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E9.6xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.09xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield3.43%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio52.3%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Elevated investment: Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
Profitability
21EROIC6.3%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE7.3%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA2.5%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin2.6%D
Grade D: LowNet Income / Revenue
Operating Margin5.2%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin39.5%C
Grade C: AverageGross Profit / Revenue
FCF Margin3.0%D
Grade D: LowFCF / Revenue · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
True FCF Margin2.4%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
Growth
25ERevenue CAGR-0.7%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth54.6%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+3.9%C
Grade C: DilutiveShare count change over 5Y
SBC / Net Income25.3%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.7%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
50CAltman Z-Score1.56D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.64xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio0.78xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage2.5xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment9.8yC
Grade C: AverageYears to repay net debt via FCF · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
Net Debt/EBIT5.7xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity0.97xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.13xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
90A+Piotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-7.42A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion118.0%A
Grade A: StrongFCF / Net Income · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
Margin Stability4.2%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue3.3%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.96xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Michael John P Filed | Michael John P | Option exercise | -10783 | |
Michael John P Filed | Michael John P | Tax withholding | -1995 | |
Michael John P Filed | Michael John P | Grant / award | +4.6K | |
Michael John P Filed | Michael John P | Tax withholding | -933 | |
Michael John P Filed | Michael John P | Grant / award | +2.1K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Michael John P Filed | Michael John P | Tax withholding | -2326 | |
Michael John P Filed | Michael John P | Grant / award | +5.4K | |
Michael John P Filed | Michael John P | Tax withholding | -5214 |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
42D+ROIC >12% Years4/9 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)37.3%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years9/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor-1.0%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$1.42
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$2.60
Cash & short-term investments per share (Finnhub)
Book Value / Share$19.72
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$1.30B
Total debt obligations (short + long term)
Cash & Equiv.$174.60M
Cash and short-term investments
Net Debt$1.13B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$1.34B
Shareholders' equity (book value)
Asset / Liability1.55xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$1.45B
Current Market Capitalization
Beta1.41C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Aug 2026 · Ratio snapshot Oct 17, 2026
Key Insights: MillerKnoll, Inc. Common Stock (MLKN)
MLKN is down 2.81% at the last close — MillerKnoll fell 3.14% on below-average volume amid a lack of direct negative news catalysts.. Piotroski F-Score of 6/9 indicates mixed fundamentals for MillerKnoll, Inc. Common Stock. Altman Z-Score of 1.56 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -7.42 suggests a low likelihood of earnings manipulation. Revenue has been contracting (CAGR ≈ -1%), which weighs on the growth outlook.
- Takes ~9.8 years to repay net debt from free cash flow.
- MillerKnoll, Inc. Common Stock posted a net loss in 3 of 10 available completed fiscal years (2017–2026).
- At a valuation score of 90/100, MLKN trades near the cheapest end of its own historical range (P/E 14.8).
- The stock currently yields 3.4% in dividends.
See how MLKN ranks on the Capex Tracker — top 50 capital spenders compared.
Earnings
View earnings calendar →Recent Earnings Results
| Date | Time | EPS Est. | EPS Actual | Surprise | Rev Est. | Rev Actual |
|---|---|---|---|---|---|---|
| Sep 22, 2026 | Pre-Mkt | $0.36 | $0.42 | +16.0% | $962.2M | $923.4M |
Recent Market Moves
See all MLKN moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 21.01 | -3.09% | -2.50 |
| Oct 16 | After-hours | 21.07 | -2.81% | -2.29 |
| Oct 15 | Regular | 21.73 | +2.99% | 2.19 |
| Oct 15 | After-hours | 21.68 | +2.75% | 2.02 |
| Oct 14 | Regular | 20.92 | -2.52% | -2.06 |
Frequently Asked Questions about MLKN
What is the current MillerKnoll, Inc. Common Stock (MLKN) stock price?
MLKN is trading at $21.07 at the last market close, down 2.81% on the session. PreMarketPrice tracks MLKN pre-market, intraday and after-hours prices.
Is MLKN stock a buy right now?
PreMarketPrice's quantitative model rates MillerKnoll, Inc. Common Stock's financial health at 50/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is MLKN stock overvalued?
MillerKnoll, Inc. Common Stock trades at a trailing P/E of 14.8 and our valuation score rates it 90/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does MillerKnoll, Inc. Common Stock report earnings?
No confirmed earnings date is currently scheduled for MLKN. The Earnings section lists recent reports and updates as dates are announced.
What sector does MillerKnoll, Inc. Common Stock operate in?
MillerKnoll, Inc. Common Stock operates in the Consumer Cyclical sector, within the Office Furniture industry. The Related Stocks section lists sector peers for comparison.
What does MillerKnoll, Inc. Common Stock do?
MillerKnoll Inc, formerly Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe.
About MillerKnoll, Inc. Common Stock (MLKN) Stock
MillerKnoll, Inc. Common Stock (MLKN) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Office Furniture industry. As of the latest update, MillerKnoll, Inc. Common Stock is trading at $21.07, down 2.81% on the day with a market capitalization of $1.4 billion. The financial health score for MLKN is 50/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for MLKN stock.
MLKN Stock Analysis & Key Metrics
On PreMarketPrice, you can track MillerKnoll, Inc. Common Stock (MLKN) across multiple dimensions:
- Pre-market price & movement: Real-time MLKN stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Earnings calendar: Upcoming and past earnings reports for MLKN, including EPS estimates, actual results, and surprise percentages.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for MLKN with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for MillerKnoll, Inc. Common Stock across multiple reporting periods.
- Financial health score: A composite score of 50/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for MLKN.
- Sector peers: Compare MLKN against 4 other consumer cyclical stocks on key financial metrics.
Is MLKN a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate MillerKnoll, Inc. Common Stock (MLKN) as an investment. The financial health score of 50/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average. Earnings data reveals whether the company is meeting or beating analyst expectations.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.MillerKnoll, Inc. Common Stock (MLKN) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.