MillerKnoll Inc. Common Stock (MLKN)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn good returns on capital and are priced with a margin of safety. MillerKnoll is not a wonderful business by that standard: FairStock’s calculated ROE is 6.98% and ROCE is 3.33%, and debt-to-equity is 1.28. Those are not the numbers of a wide-moat compounder. The company does have a global contract furniture franchise, with revenue of $3.8B in FY2026 (period ended 2026-05-30) and net income of $91.5M, or diluted EPS of $1.32. That followed a FY2025 loss of $36.9M and diluted EPS of -$0.54, so the Lynch category of TURNAROUND fits: it returned to profit after a loss within the last three years. Recent quarters show modest but uneven progress. In fiscal Q1 2027 (quarter ended 2026-08-29), revenue was $923.4M, net income $26.6M, diluted EPS $0.38. In fiscal Q1 2026 (quarter ended 2025-08-30), revenue was $955.7M, net income $20.2M, diluted EPS $0.29. So revenue was lower, but profit improved—a sign of cost control or mix, not robust top-line growth. At $21.46 on 2026-10-13, the FairStock P/E is 16.26, P/B is 1.09, and the Graham Number is $24.18, offering only an 11.25% margin of safety. FCF yield is 5.3%, dividend yield 3.63%, and Piotroski F-Score is 7/9. But Altman Z-Score of 1.01 suggests balance-sheet risk. PEG of 0.12 looks cheap only if profit growth persists. I would want to see ROCE rise, debt fall, and revenue stabilize before calling this a durable value opportunity.

In plain English: MillerKnoll designs and sells office and home furniture around the world. After losing money in fiscal 2025, it returned to profit in fiscal 2026, with about $3.8 billion of revenue and $91.5 million of net income; it also carries significant debt. At the 2026-10-13 close of $21.46, the shares look roughly fair to modestly cheap compared with the company’s earnings and net assets, but not without risk.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-08-29) · fiscal Q3 2026 10-Q (period ended 2026-02-28) · fiscal Q2 2026 10-Q (period ended 2025-11-29) · fiscal Q1 2026 10-Q (period ended 2025-08-30) · FY2026 10-K (period ended 2026-05-30) · FY2025 10-K (period ended 2025-05-31) · FY2024 10-K (period ended 2024-06-01)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer