MLKN Valuation

MillerKnoll Inc

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15.620

+0.03(0.192%)1D

MLKN Relative Valuation

MLKN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MLKN is overvalued; if below, it's undervalued.

Historical Valuation

MillerKnoll Inc (MLKN) is now in the Undervalued zone, suggesting that its current forward PE ratio of 8.15 is considered Undervalued compared with the five-year average of 13.54. The fair price of MillerKnoll Inc (MLKN) is between 17.26 to 31.70 according to relative valuation methord. Compared to the current price of 15.62 USD , MillerKnoll Inc is Undervalued By 9.5%.

Relative Value

Fair Zone

17.26-31.70

Current Price：15.62

9.5%

Undervalued

8.15

Trailing

Forward

7.67

EV/EBITDA

MillerKnoll Inc. (MLKN) has a current EV/EBITDA of 7.67. The 5-year average EV/EBITDA is 8.91. The thresholds are as follows: Strongly Undervalued below 6.21, Undervalued between 6.21 and 7.56, Fairly Valued between 10.27 and 7.56, Overvalued between 10.27 and 11.62, and Strongly Overvalued above 11.62. The current Forward EV/EBITDA of 7.67 falls within the Historic Trend Line -Fairly Valued range.

11.60

EV/EBIT

MillerKnoll Inc. (MLKN) has a current EV/EBIT of 11.60. The 5-year average EV/EBIT is 13.55. The thresholds are as follows: Strongly Undervalued below 9.94, Undervalued between 9.94 and 11.75, Fairly Valued between 15.36 and 11.75, Overvalued between 15.36 and 17.16, and Strongly Overvalued above 17.16. The current Forward EV/EBIT of 11.60 falls within the Undervalued range.

15.62

MillerKnoll Inc. (MLKN) has a current PS of 15.62. The 5-year average PS is 0.59. The thresholds are as follows: Strongly Undervalued below -1.44, Undervalued between -1.44 and -0.43, Fairly Valued between 1.61 and -0.43, Overvalued between 1.61 and 2.63, and Strongly Overvalued above 2.63. The current Forward PS of 15.62 falls within the Strongly Overvalued range.

4.32

P/OCF

MillerKnoll Inc. (MLKN) has a current P/OCF of 4.32. The 5-year average P/OCF is 9.79. The thresholds are as follows: Strongly Undervalued below -8.82, Undervalued between -8.82 and 0.48, Fairly Valued between 19.10 and 0.48, Overvalued between 19.10 and 28.40, and Strongly Overvalued above 28.40. The current Forward P/OCF of 4.32 falls within the Historic Trend Line -Fairly Valued range.

9.99

P/FCF

MillerKnoll Inc. (MLKN) has a current P/FCF of 9.99. The 5-year average P/FCF is 11.40. The thresholds are as follows: Strongly Undervalued below -62.46, Undervalued between -62.46 and -25.53, Fairly Valued between 48.33 and -25.53, Overvalued between 48.33 and 85.27, and Strongly Overvalued above 85.27. The current Forward P/FCF of 9.99 falls within the Historic Trend Line -Fairly Valued range.

MillerKnoll Inc (MLKN) has a current Price-to-Book (P/B) ratio of 0.82. Compared to its 3-year average P/B ratio of 1.17 , the current P/B ratio is approximately -29.48% higher. Relative to its 5-year average P/B ratio of 1.59, the current P/B ratio is about -48.25% higher. MillerKnoll Inc (MLKN) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 8.88%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 6.40% , the current FCF yield is about -100.00% lower.

0.82

P/B

Median3y

1.17

Median5y

1.59

7.47

FCF Yield

Median3y

8.88

Median5y

6.40

Competitors Valuation Multiple

The average P/S ratio for MLKN's competitors is 16.72, providing a benchmark for relative valuation. MillerKnoll Inc Corp (MLKN) exhibits a P/S ratio of 15.62, which is -6.56% above the industry average. Given its robust revenue growth of 10.93%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of MLKN decreased by 37.32% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -1.77 to -67.87.

The secondary factor is the Revenue Growth, contributed 10.93%to the performance.

Overall, the performance of MLKN in the past 1 year is driven by P/E Change. Which is more unsustainable.

10.93%

861.50M → 955.70M

Revenue Growth

-3783.33%

-0.06 → 2.21

Margin Expansion

3735.08%

-1.77 → -67.87

P/E Change

-37.32%