MillerKnoll, Inc. (MLKN) Key Metrics
MLKN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.45B
- Enterprise value
- $3.03B
- P/E (TTM)
- 14.9 10-yr median 15.4
- Forward P/E
- 10.1
- PEG ratio
- 0.84
- Price / sales
- 0.4 10-yr median 0.6
- Price / book
- 1.0 10-yr median 1.8
- EV / EBITDA
- 8.7 10-yr median 8.6
- Dividend yield
- 3.56% $0.75 a year
- Beta
- 1.35
MLKN key metrics, FY2017–FY2026
Fiscal year ended May 31, 2026 · U.S. dollarsMLKN valuation Price multiples at each fiscal year-end price.
MLKN returns How much profit the business earns on the capital it uses.
MLKN per-share figures Results divided by the shares outstanding at year-end.
MLKN financial health Debt, liquidity and how easily interest is covered.
MLKN efficiency & capital use Working capital cycle and where the cash goes.
MLKN valuation history
MLKN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MLKN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MLKN cash returned to shareholders
MLKN price vs earnings per share
MLKN key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.12B | $1.16B | $2.04B | $1.03B | $2.21B | $2.84B | $1.36B | $2.11B | $1.98B | $1.91B |
| Enterprise value | $2.76B | $2.78B | $3.57B | $2.68B | $3.95B | $2.95B | $1.67B | $2.22B | $2.04B | $2.01B |
| P/E ratio | 12.3 | — | 24.8 | 24.5 | — | 16.3 | — | 13.1 | 15.4 | 15.4 |
| Price / sales | 0.3 | 0.3 | 0.6 | 0.3 | 0.6 | 1.2 | 0.5 | 0.8 | 0.8 | 0.8 |
| Price / book | 0.8 | 0.9 | 1.5 | 0.7 | 1.5 | 3.3 | 2.1 | 2.9 | 3.0 | 3.3 |
| Price / free cash flow | 14.5 | 11.4 | 7.4 | 12.9 | — | 10.4 | 8.9 | 16.8 | 20.6 | 16.6 |
| Price / operating cash flow | 5.6 | 5.6 | 5.8 | 6.3 | — | 8.5 | 6.1 | 9.7 | 11.9 | 9.5 |
| EV / sales | 0.7 | 0.8 | 1.0 | 0.7 | 1.0 | 1.2 | 0.7 | 0.9 | 0.9 | 0.9 |
| EV / EBITDA | 7.6 | 14.2 | 10.8 | 9.6 | 18.0 | 9.2 | 6.1 | 7.8 | 8.1 | 7.6 |
| EV / free cash flow | 35.5 | 27.4 | 13.0 | 33.6 | — | 10.8 | 10.9 | 17.7 | 21.2 | 17.5 |
| Earnings yield | 8.1% | −3.2% | 4.0% | 4.1% | −1.2% | 6.2% | −0.7% | 7.6% | 6.5% | 6.5% |
| Free cash flow yield | 6.9% | 8.7% | 13.4% | 7.7% | −4.8% | 9.6% | 11.3% | 6.0% | 4.9% | 6.0% |
| Dividend yield | 4.5% | 4.4% | 2.7% | 5.5% | 2.5% | 1.2% | 2.7% | 2.2% | 2.1% | 2.1% |
| Shareholder yield (dividends + buybacks) | 6.0% | 11.7% | 9.5% | 7.1% | 3.2% | 1.2% | 4.6% | 4.4% | 4.5% | 3.3% |
| Share price at fiscal year-end | $16.18 | $16.87 | $27.58 | $13.55 | $30.20 | $47.80 | $23.02 | $35.49 | $32.75 | $31.55 |
| Per share | ||||||||||
| Revenue per share | $55.34 | $53.20 | $49.06 | $53.76 | $53.94 | $41.51 | $42.20 | $43.23 | $39.48 | $37.62 |
| Earnings per share | $1.32 | −$0.53 | $1.11 | $0.55 | −$0.37 | $2.94 | −$0.15 | $2.70 | $2.12 | $2.05 |
| Operating cash flow per share | $2.88 | $3.03 | $4.76 | $2.14 | −$0.16 | $5.60 | $3.76 | $3.64 | $2.76 | $3.34 |
| Free cash flow per share | $1.12 | $1.47 | $3.70 | $1.05 | −$1.46 | $4.59 | $2.59 | $2.12 | $1.59 | $1.90 |
| Cash per share | $2.42 | $2.81 | $3.12 | $2.94 | $3.15 | $6.80 | $7.82 | $2.83 | $3.52 | $1.73 |
| Book value per share | $19.33 | $18.50 | $18.73 | $18.84 | $19.51 | $14.31 | $10.91 | $12.11 | $11.02 | $9.70 |
| Tangible book value per share | −$3.67 | −$8.07 | −$7.92 | −$7.67 | −$9.06 | $4.76 | $1.56 | $4.99 | $4.00 | $2.64 |
| Dividends per share | $0.74 | $0.75 | $0.75 | $0.75 | $0.74 | $0.58 | $0.62 | $0.77 | $0.70 | $0.65 |
| Capex per share | $1.76 | $1.56 | $1.06 | $1.10 | $1.29 | $1.01 | $1.17 | $1.53 | $1.17 | $1.44 |
| Debt per share | $25.95 | $26.27 | $23.84 | $24.59 | $26.88 | $8.74 | $13.07 | $4.75 | $4.56 | $3.30 |
| Shares outstanding | 69.4M | 69.0M | 74.0M | 76.0M | 73.2M | 59.4M | 58.9M | 59.4M | 60.3M | 60.6M |
| Change in shares outstanding | +0.6% | −6.7% | −2.7% | +3.9% | +23.2% | +0.8% | −0.8% | −1.5% | −0.4% | +0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.0% | −2.8% | 5.8% | 2.9% | −2.4% | 23.4% | −1.3% | 23.2% | 20.5% | 22.3% |
| Return on invested capital (ROIC) | 5.5% | 6.1% | 6.1% | 3.6% | 5.7% | 19.4% | 17.1% | 22.0% | 19.7% | 21.1% |
| Return on assets (ROA) | 2.3% | −0.9% | 2.0% | 1.0% | −0.8% | 8.5% | −0.5% | 10.5% | 9.2% | 9.8% |
| Return on tangible assets | 3.8% | −1.7% | 4.0% | 1.9% | −1.1% | 11.7% | −0.6% | 14.0% | 12.1% | 14.1% |
| Free cash flow margin | 2.0% | 2.8% | 7.5% | 1.9% | −2.7% | 11.1% | 6.1% | 4.9% | 4.0% | 5.0% |
| Income quality (OCF / net income) | 2.18 | — | 4.28 | 3.87 | — | 1.90 | — | 1.35 | 1.30 | 1.63 |
| Financial health | ||||||||||
| Total debt | $1.80B | $1.81B | $1.76B | $1.87B | $1.97B | $518.8M | $770.1M | $281.9M | $275.0M | $199.9M |
| Cash & short-term investments | $167.7M | $193.7M | $230.4M | $223.5M | $230.3M | $404.1M | $461.0M | $168.0M | $212.5M | $104.8M |
| Net debt | $1.63B | $1.62B | $1.53B | $1.65B | $1.74B | $114.7M | $309.1M | $113.9M | $62.5M | $95.1M |
| Debt / equity | 1.34 | 1.42 | 1.27 | 1.30 | 1.38 | 0.61 | 1.20 | 0.39 | 0.41 | 0.34 |
| Debt / assets | 0.45 | 0.46 | 0.44 | 0.44 | 0.44 | 0.25 | 0.38 | 0.18 | 0.19 | 0.15 |
| Net debt / EBITDA | 4.50 | 8.27 | 4.64 | 5.93 | 7.90 | 0.36 | 1.13 | 0.40 | 0.25 | 0.36 |
| Current ratio | 1.58 | 1.58 | 1.53 | 1.67 | 1.50 | 1.78 | 1.80 | 1.48 | 1.56 | 1.28 |
| Quick ratio | 0.90 | 0.94 | 0.92 | 0.98 | 0.83 | 1.35 | 1.42 | 1.07 | 1.17 | 0.88 |
| Interest coverage | 11.7 | 2.9 | 2.8 | 1.7 | 3.9 | 16.9 | 15.5 | 17.7 | 13.7 | 13.4 |
| Working capital | $416.1M | $404.9M | $371.9M | $473.4M | $440.5M | $390.7M | $409.1M | $215.2M | $231.6M | $106.2M |
| Invested capital | $2.98B | $2.89B | $2.92B | $3.08B | $3.16B | $964.3M | $952.1M | $833.1M | $727.1M | $682.7M |
| Tangible asset value | −$191.6M | −$497.3M | −$512.1M | −$475.3M | −$555.6M | $359.6M | $142.2M | $316.8M | $271.8M | $184.3M |
| Net current asset value | −$1.46B | −$1.51B | −$1.51B | −$1.56B | −$1.66B | −$243.8M | −$431.2M | −$168.2M | −$138.8M | −$202.1M |
| Graham number | $23.94 | — | $21.66 | $15.32 | — | $30.76 | — | $27.14 | $22.95 | $21.14 |
| Graham net-net per share | −$27.38 | −$27.76 | −$25.58 | −$26.24 | −$29.67 | −$7.72 | −$10.87 | −$6.40 | −$5.41 | −$6.16 |
| Capital allocation | ||||||||||
| Dividends paid | $51.1M | $51.7M | $55.6M | $57.1M | $54.5M | $34.5M | $36.4M | $45.6M | $42.4M | $39.4M |
| Share buybacks (net) | $16.3M | $84.9M | $138.2M | $16.0M | $16.2M | $900,000 | $26.6M | $47.9M | $46.5M | $23.7M |
| Dividend payout ratio | 55.8% | — | 67.6% | 135.6% | — | 19.8% | — | 28.4% | 33.1% | 31.8% |
| Dividends + buybacks / free cash flow | 86.9% | 134.3% | 70.8% | 91.8% | — | 13.0% | 41.2% | 74.3% | 92.7% | 55.0% |
| Capex / revenue | 3.2% | 2.9% | 2.2% | 2.0% | 2.4% | 2.4% | 2.8% | 3.5% | 3.0% | 3.8% |
| Capex / operating cash flow | 61.2% | 51.4% | 22.3% | 51.1% | — | 18.0% | 31.1% | 41.9% | 42.4% | 43.2% |
| Capex / depreciation | 0.82 | 0.77 | 0.51 | 0.72 | 0.50 | 0.69 | 0.87 | 1.26 | 1.06 | 1.48 |
| Stock-based compensation / revenue | 0.7% | 0.9% | 0.6% | 0.5% | 0.8% | 0.4% | 0.1% | 0.3% | 0.3% | 0.4% |
| R&D / revenue | 2.6% | 2.6% | 2.6% | 2.6% | 2.8% | 2.9% | 3.0% | 3.0% | 3.1% | 3.2% |
| SG&A / revenue | 30.7% | 30.9% | 30.6% | 27.6% | 16.3% | 26.1% | 25.9% | 24.9% | 25.9% | — |
| Efficiency | ||||||||||
| Days sales outstanding | 35.8 | 35.2 | 34.9 | 33.2 | 27.8 | 31.1 | 33.2 | 33.5 | 31.1 | 31.9 |
| Days of inventory on hand | 72.6 | 71.1 | 75.7 | 73.8 | 56.4 | 49.5 | 44.2 | 38.6 | 38.1 | 36.2 |
| Days payables outstanding | 42.7 | 41.6 | 42.2 | 42.9 | 37.5 | 37.0 | 35.5 | 38.9 | 38.7 | 40.5 |
| Cash conversion cycle (days) | 65.7 | 64.7 | 68.4 | 64.2 | 46.7 | 43.6 | 41.8 | 33.2 | 30.5 | 27.5 |
| Receivables turnover | 10.21 | 10.37 | 10.46 | 10.98 | 13.11 | 11.72 | 11.01 | 10.89 | 11.73 | 11.46 |
| Payables turnover | 8.55 | 8.77 | 8.65 | 8.51 | 9.72 | 9.86 | 10.28 | 9.38 | 9.43 | 9.01 |
| Inventory turnover | 5.03 | 5.13 | 4.82 | 4.94 | 6.48 | 7.37 | 8.26 | 9.45 | 9.58 | 10.08 |
| Asset turnover | 0.97 | 0.92 | 0.87 | 0.93 | 1.20 | 1.20 | 1.38 | 1.68 | 1.71 | 1.79 |
| Average receivables | $376.4M | $353.8M | $347.0M | $372.2M | $301.0M | $210.3M | $225.9M | $235.8M | $202.9M | $198.8M |
| Average payables | $275.2M | $256.4M | $255.4M | $312.3M | $266.8M | $153.6M | $153.2M | $174.6M | $159.9M | $157.0M |
| Average inventory | $467.9M | $438.1M | $458.0M | $537.4M | $400.4M | $205.4M | $190.8M | $173.3M | $157.4M | $140.3M |
| Intangibles / total assets | 39.9% | 46.4% | 48.7% | 47.1% | 46.3% | 27.5% | 27.0% | 27.0% | 28.6% | 32.8% |
Computed from MLKN's annual financial statements (latest annual report filed July 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MLKN valuation and financial ratios
At the end of fiscal 2026 (May 31, 2026), MillerKnoll traded at 12.3 times earnings, against a 10-year median of 15.4. Based on the latest twelve months, the trailing P/E is 14.9 and the forward P/E is 10.1. MillerKnoll earned a return on equity of 7.0% and a return on invested capital of 5.5% in fiscal 2026. It ended the year with $1.8 billion of debt and $167.7 million in cash and short-term investments, net debt of $1.6 billion. It returned $67.4 million to shareholders: $51.1 million in dividends and $16.3 million in share buybacks, 87% of free cash flow. The share count rose 14.6% from 60.6M to 69.4M over 9 years.
See the MLKN income statement, the MLKN chart for price history, or the MLKN stock overview for the latest quote and news.
MLKN key metrics FAQ
What is MillerKnoll's P/E ratio?
MillerKnoll's trailing P/E ratio is 14.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.1. At the end of fiscal 2026 it was 12.3, compared with a 10-year median of 15.4.
What is MillerKnoll's EV/EBITDA?
MillerKnoll's enterprise value was 7.6 times EBITDA at the end of fiscal 2026 (enterprise value $2.8 billion, EBITDA $362.7 million); the current EV/EBITDA is 8.7.
What is MillerKnoll's return on equity?
MillerKnoll's return on equity (ROE) was 7.0% in fiscal 2026: net income of $91.5 million on average shareholders' equity of $1.3 billion.
What is MillerKnoll's ROIC?
MillerKnoll's return on invested capital was 5.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does MillerKnoll have?
MillerKnoll had total debt of $1.8 billion at the end of fiscal 2026, a debt-to-equity ratio of 1.34 and $1.6 billion of net debt (4.50 times EBITDA).
What is MillerKnoll's dividend yield?
MillerKnoll's forward dividend yield is 3.56%. MillerKnoll paid $51.1 million in dividends in fiscal 2026 ($0.74 per share), a payout ratio of 55.8%.
Does MillerKnoll buy back its shares?
Yes. MillerKnoll spent $16.3 million on net share repurchases in fiscal 2026 Shares outstanding changed +0.6% over the year, to 69.4M..
What is MillerKnoll's free cash flow yield?
MillerKnoll generated $77.6 million of free cash flow in fiscal 2026, a free cash flow yield of 6.9% on its market value at year-end ($1.1 billion).
What is MillerKnoll's current ratio?
MillerKnoll's current ratio was 1.58 at the end of fiscal 2026: current assets were 1.58 times current liabilities.