# MillerKnoll Inc. (MLKN) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Industrials / Building Products. Price $22.92, market value $1.6 billion.

## Valuation
- **P/E (trailing): 17.4×** (5-yr avg 19.5×, 3-yr avg 17.7×). MillerKnoll Inc. trades at 17.4× trailing earnings, close to its own five-year average of 19.5×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 9.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.8×**. Enterprise value is 7.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 4.9%** (5-yr avg 6.6%). Free cash flow equals 4.9% of the market value, below its five-year average of 6.6%, so the shares are pricier on cash than usual.
- **Earnings yield: 5.8%**. The inverse of the P/E: 5.8% of the price is earned each year.

## Profitability
- **Gross margin: 38.8%**. MillerKnoll Inc. keeps 38.8% of revenue after the direct cost of what it sells.
- **Operating margin: 5.2%**. 5.2% of revenue is left after running the business.
- **Net margin: 2.4%**. 2.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.8%**. 6.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.4%**. Return on all capital, debt included, is 6.4%.
- **Return on assets: 2.3%**. Each dollar of assets produces 2.3% of profit.

## Growth
- **Revenue growth (1 yr): 4.7%** (3-yr -2.0%/yr, 5-yr 9.3%/yr). Revenue grew 4.7% over the last year, against 9.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 344.4%** (3-yr 33.9%/yr, 5-yr -14.8%/yr). Earnings per share rose 344.4%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -0.8%/yr**. Free cash flow has compounded at -0.8% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.96**. Debt is 0.96 times equity, moderate leverage.
- **Net debt / EBITDA: 3.2×**. It would take 3.2 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 1.58** (quick 1.58). Current assets cover the next year's liabilities 1.58 times.
- **Altman Z-score: 2.08**. A Z-score of 2.08 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.27%** ($0.75 per share, trailing). MillerKnoll Inc. yields 3.27%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 56%** (66% of free cash flow). 56% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 13.6%/yr** (1-yr 0.0%). The dividend has compounded at 13.6% a year over five years, doubling roughly every 5 years at that pace.

## Price and momentum
- **Total return (1 yr): 11.8%** (YTD 28.0%, 3-mo 55.1%). The shares are up 11.8% over twelve months including dividends.
- **From 52-week high: -7.2%** (66.4% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 1.26** (volatility 48%). Beta of 1.26 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MLKN · Page: https://foliofundamentals.com/stocks/mlkn

Not investment advice.