MILLERKNOLL INC (MLKN) Fundamental Analysis & Valuation

NASDAQ:MLKN • US6005441000

19.71 USD
-0.26 (-1.3%)
At close: Mar 6, 2026
19.71 USD
0 (0%)
After Hours: 3/6/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This MLKN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, MLKN scores 4 out of 10 in our fundamental rating. MLKN was compared to 81 industry peers in the Commercial Services & Supplies industry. There are concerns on the financial health of MLKN while its profitability can be described as average. MLKN has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. MLKN Profitability Analysis

1.1 Basic Checks

  • In the past year MLKN was profitable.
  • MLKN had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: MLKN reported negative net income in multiple years.
  • MLKN had a positive operating cash flow in 4 of the past 5 years.
MLKN Yearly Net Income VS EBIT VS OCF VS FCFMLKN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -0.64%, MLKN is in line with its industry, outperforming 45.68% of the companies in the same industry.
  • MLKN's Return On Equity of -1.95% is in line compared to the rest of the industry. MLKN outperforms 46.91% of its industry peers.
  • The Return On Invested Capital of MLKN (5.77%) is better than 62.96% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MLKN is significantly below the industry average of 10.53%.
  • The last Return On Invested Capital (5.77%) for MLKN is above the 3 year average (5.11%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.64%
ROE -1.95%
ROIC 5.77%
ROA(3y)0.7%
ROA(5y)1.96%
ROE(3y)2%
ROE(5y)4.84%
ROIC(3y)5.11%
ROIC(5y)5.74%
MLKN Yearly ROA, ROE, ROICMLKN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20 25

1.3 Margins

  • Looking at the Operating Margin, with a value of 5.91%, MLKN is in line with its industry, outperforming 55.56% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MLKN has declined.
  • With a decent Gross Margin value of 38.67%, MLKN is doing good in the industry, outperforming 62.96% of the companies in the same industry.
  • MLKN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 5.91%
PM (TTM) N/A
GM 38.67%
OM growth 3Y74.09%
OM growth 5Y-7.31%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.18%
GM growth 5Y1.14%
MLKN Yearly Profit, Operating, Gross MarginsMLKN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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3

2. MLKN Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MLKN is destroying value.
  • MLKN has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for MLKN has been increased compared to 5 years ago.
  • The debt/assets ratio for MLKN is higher compared to a year ago.
MLKN Yearly Shares OutstandingMLKN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
MLKN Yearly Total Debt VS Total AssetsMLKN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • An Altman-Z score of 1.82 indicates that MLKN is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 1.82, MLKN perfoms like the industry average, outperforming 49.38% of the companies in the same industry.
  • MLKN has a debt to FCF ratio of 16.18. This is a negative value and a sign of low solvency as MLKN would need 16.18 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 16.18, MLKN perfoms like the industry average, outperforming 51.85% of the companies in the same industry.
  • A Debt/Equity ratio of 1.02 is on the high side and indicates that MLKN has dependencies on debt financing.
  • The Debt to Equity ratio of MLKN (1.02) is worse than 64.20% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF 16.18
Altman-Z 1.82
ROIC/WACC0.7
WACC8.22%
MLKN Yearly LT Debt VS Equity VS FCFMLKN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 1.67 indicates that MLKN should not have too much problems paying its short term obligations.
  • The Current ratio of MLKN (1.67) is better than 60.49% of its industry peers.
  • A Quick Ratio of 0.95 indicates that MLKN may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.95, MLKN is doing worse than 69.14% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.67
Quick Ratio 0.95
MLKN Yearly Current Assets VS Current LiabilitesMLKN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MLKN Growth Analysis

3.1 Past

  • The earnings per share for MLKN have decreased by -5.42% in the last year.
  • MLKN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.37% yearly.
  • The Revenue has been growing slightly by 4.34% in the past year.
  • MLKN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.10% yearly.
EPS 1Y (TTM)-5.42%
EPS 3Y1.59%
EPS 5Y-5.37%
EPS Q2Q%-21.82%
Revenue 1Y (TTM)4.34%
Revenue growth 3Y-2.39%
Revenue growth 5Y8.1%
Sales Q2Q%-1.57%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.16% on average over the next years. This is quite good.
  • Based on estimates for the next years, MLKN will show a small growth in Revenue. The Revenue will grow by 5.49% on average per year.
EPS Next Y-0.62%
EPS Next 2Y8.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.2%
Revenue Next 2Y5.49%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MLKN Yearly Revenue VS EstimatesMLKN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B 4B
MLKN Yearly EPS VS EstimatesMLKN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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Find the best growth stocksShow best growing peers

6

4. MLKN Valuation Analysis

4.1 Price/Earnings Ratio

  • MLKN is valuated reasonably with a Price/Earnings ratio of 10.27.
  • MLKN's Price/Earnings ratio is rather cheap when compared to the industry. MLKN is cheaper than 88.89% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, MLKN is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.64, which indicates a very decent valuation of MLKN.
  • Based on the Price/Forward Earnings ratio, MLKN is valued cheaply inside the industry as 91.36% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 24.57. MLKN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.27
Fwd PE 8.64
MLKN Price Earnings VS Forward Price EarningsMLKN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 86.42% of the companies in the same industry are more expensive than MLKN, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MLKN indicates a somewhat cheap valuation: MLKN is cheaper than 76.54% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 16.23
EV/EBITDA 6.94
MLKN Per share dataMLKN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.16%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. MLKN Dividend Analysis

5.1 Amount

  • MLKN has a Yearly Dividend Yield of 3.60%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 0.78, MLKN pays a better dividend. On top of this MLKN pays more dividend than 92.59% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, MLKN pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.6%

5.2 History

  • The dividend of MLKN has a limited annual growth rate of 3.87%.
  • MLKN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • MLKN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.87%
Div Incr Years0
Div Non Decr Years4
MLKN Yearly Dividends per shareMLKN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • MLKN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • MLKN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-201.18%
EPS Next 2Y8.16%
EPS Next 3YN/A
MLKN Yearly Income VS Free CF VS DividendMLKN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M

More info and screens

Find the best dividend stocksShow peers with best dividend

MLKN Fundamentals: All Metrics, Ratios and Statistics

MILLERKNOLL INC

NASDAQ:MLKN (3/6/2026, 8:00:02 PM)

After market: 19.71 0 (0%)

19.71

-0.26 (-1.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)12-17
Earnings (Next)03-25
Inst Owners93.89%
Inst Owner ChangeN/A
Ins Owners1.28%
Ins Owner Change4.69%
Market Cap1.35B
Revenue(TTM)3.75B
Net Income(TTM)-25.40M
Analysts43.33
Price Target32.64 (65.6%)
Short Float %2.42%
Short Ratio2.64
Dividend
Industry RankSector Rank
Dividend Yield 3.6%
Yearly Dividend0.75
Dividend Growth(5Y)3.87%
DP-201.18%
Div Incr Years0
Div Non Decr Years4
Ex-Date02-27
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.08%
Min EPS beat(2)3.66%
Max EPS beat(2)28.5%
EPS beat(4)3
Avg EPS beat(4)16.23%
Min EPS beat(4)-1.96%
Max EPS beat(4)34.71%
EPS beat(8)6
Avg EPS beat(8)9.74%
EPS beat(12)10
Avg EPS beat(12)15.58%
EPS beat(16)14
Avg EPS beat(16)15.66%
Revenue beat(2)1
Avg Revenue beat(2)1.07%
Min Revenue beat(2)-0.71%
Max Revenue beat(2)2.85%
Revenue beat(4)2
Avg Revenue beat(4)-0.29%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)3.2%
Revenue beat(8)2
Avg Revenue beat(8)-2.01%
Revenue beat(12)3
Avg Revenue beat(12)-2.02%
Revenue beat(16)4
Avg Revenue beat(16)-1.88%
PT rev (1m)0%
PT rev (3m)-8.57%
EPS NQ rev (1m)0.75%
EPS NQ rev (3m)10.65%
EPS NY rev (1m)0%
EPS NY rev (3m)4.01%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)2.85%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)1.42%
Valuation
Industry RankSector Rank
PE 10.27
Fwd PE 8.64
P/S 0.36
P/FCF 16.23
P/OCF 6.5
P/B 1.04
P/tB N/A
EV/EBITDA 6.94
EPS(TTM)1.92
EY9.74%
EPS(NY)2.28
Fwd EY11.57%
FCF(TTM)1.21
FCFY6.16%
OCF(TTM)3.03
OCFY15.38%
SpS54.93
BVpS19.04
TBVpS-7.66
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.68
Profitability
Industry RankSector Rank
ROA -0.64%
ROE -1.95%
ROCE 6.76%
ROIC 5.77%
ROICexc 6.1%
ROICexgc 14.85%
OM 5.91%
PM (TTM) N/A
GM 38.67%
FCFM 2.21%
ROA(3y)0.7%
ROA(5y)1.96%
ROE(3y)2%
ROE(5y)4.84%
ROIC(3y)5.11%
ROIC(5y)5.74%
ROICexc(3y)5.46%
ROICexc(5y)6.8%
ROICexgc(3y)14.1%
ROICexgc(5y)15.3%
ROCE(3y)5.99%
ROCE(5y)6.73%
ROICexgc growth 3Y74.29%
ROICexgc growth 5Y-13.91%
ROICexc growth 3Y76.25%
ROICexc growth 5Y-17.97%
OM growth 3Y74.09%
OM growth 5Y-7.31%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.18%
GM growth 5Y1.14%
F-Score5
Asset Turnover0.95
Health
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF 16.18
Debt/EBITDA 3.63
Cap/Depr 87.2%
Cap/Sales 3.31%
Interest Coverage 250
Cash Conversion 56.89%
Profit Quality N/A
Current Ratio 1.67
Quick Ratio 0.95
Altman-Z 1.82
F-Score5
WACC8.22%
ROIC/WACC0.7
Cap/Depr(3y)60.28%
Cap/Depr(5y)59.82%
Cap/Sales(3y)2.38%
Cap/Sales(5y)2.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.42%
EPS 3Y1.59%
EPS 5Y-5.37%
EPS Q2Q%-21.82%
EPS Next Y-0.62%
EPS Next 2Y8.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.34%
Revenue growth 3Y-2.39%
Revenue growth 5Y8.1%
Sales Q2Q%-1.57%
Revenue Next Year6.2%
Revenue Next 2Y5.49%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y19.86%
EBIT growth 3Y69.93%
EBIT growth 5Y0.2%
EBIT Next Year68.12%
EBIT Next 3Y29.93%
EBIT Next 5YN/A
FCF growth 1Y-72.25%
FCF growth 3YN/A
FCF growth 5Y-7.82%
OCF growth 1Y-45.78%
OCF growth 3YN/A
OCF growth 5Y-1.15%

MILLERKNOLL INC / MLKN FAQ

What is the fundamental rating for MLKN stock?

ChartMill assigns a fundamental rating of 4 / 10 to MLKN.


Can you provide the valuation status for MILLERKNOLL INC?

ChartMill assigns a valuation rating of 6 / 10 to MILLERKNOLL INC (MLKN). This can be considered as Fairly Valued.


Can you provide the profitability details for MILLERKNOLL INC?

MILLERKNOLL INC (MLKN) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for MLKN stock?

The Price/Earnings (PE) ratio for MILLERKNOLL INC (MLKN) is 10.27 and the Price/Book (PB) ratio is 1.04.


Can you provide the expected EPS growth for MLKN stock?

The Earnings per Share (EPS) of MILLERKNOLL INC (MLKN) is expected to decline by -0.62% in the next year.