MillerKnoll Inc (MLKN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of MillerKnoll Inc $10.02, price $20.04, upside -50.0%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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MillerKnoll Inc
MLKN · USStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $12.03 – $41.27 · fair‑value band $5.32 – $16.81 · the $20.04 price screens above the $10.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
MillerKnoll, Inc. researches, designs, manufactures, sells, and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Global Retail segments.
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MillerKnoll, Inc. researches, designs, manufactures, sells, and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Global Retail segments. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions. It offers its products under the MillerKnoll, Herman Miller, Knoll, Maharam, Geiger, Design Within Reach, DWR, HAY, NaughtOne, Colebrook Bosson Saunders, Holly Hunt, Vladimir Kagan, Muuto, FilzFelt, Edelman, Spinneybeck, DatesWeiser, the Herman Miller "Circled Symbolic M" logo, Aeron, Mirra, Embody, Setu, Sayl, Cosm, Caper, Eames, KnollExtra, Knoll Luxe, KnollStudio, KnollTextiles, Remix, Dividends, Generation by Knoll, Regeneration by Knoll, MultiGeneration by Knoll, Barcelona, and Womb brand names. The company offers its products through independent contract furniture dealers, direct contract sales, owned and independent retailers, direct-mail catalogs, and e-commerce platforms. Its products are used in institutional, health/science, industrial and educational settings, and residential and other environments. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.
Stock analysis
MillerKnoll Inc (MLKN) currently trades at $20.04, while our model-based Fair Value estimate is $10.02, implying the stock looks roughly 100.0% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $39.26 per share, and 7 of the 15 models we run sit above the $20.04 price.
Bear case: the Dividend Discount group reads lowest at $8.52, and 8 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: $5.32 (bear) to $16.81 (bull), the price of $20.04 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
MillerKnoll Inc reported revenue of $3.7B in FY2025 versus $2.5B in FY2021, a compound +10.5%/yr. Reported net income was −$36.9M in FY2025.
Key figures
Market cap $1.4B · P/E ratio 133.6 · P/S ratio 0.30 · EPS (TTM) $0.1500 · Dividend yield 3.7% · Net margin −1.0% · Return on equity 1.1% · Return on assets (EBIT) 5.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 18% below its 52-week high and 49% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at −50%, MLKN screens richer than that median.
Fair Value models
All 15 models by family
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Set up alert →Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 46
Revenue & earnings trend
Growth Forecast
MLKN screens 100% overvalued. Compare with Midea Group →
Compare MillerKnoll Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Furnishings, Fixtures & Appliances · 316 stocks
Valuation Multiplesvs Furnishings, Fixtures & Appliances median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Midea Group 000333 | ¥82.54 | ¥129.42 | +57% |
| Gree Electric Appliances, Inc 000651 | ¥38.18 | ¥97.62 | +156% |
| Haier Smart Home Co 600690 | ¥20.20 | ¥45.72 | +126% |
| King Slide Works Co 2059 | 12,390 TWD | 4,427 TWD | −64% |
| SharkNinja, Inc SN | $169.01 | $100.78 | −40% |
| Somnigroup International Inc SGI | $64.73 | $31.80 | −51% |
| De'Longhi S.p.A DLG | €39.52 | €40.10 | +1% |
| Mohawk Industries, Inc MHK | $121.23 | $119.26 | −2% |
| Hisense Home Appliances Group 000921 | ¥26.70 | ¥50.62 | +90% |
| Alliance Laundry Holdings ALH | $21.59 | $10.76 | −50% |
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