MillerKnoll, Inc. (MLKN) P/E Ratio History
UndervaluedTrading at 15.4x vs 5Y avg 36.9x · 25th percentile · Below historical baseline · Data 1991–2026
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P/E Ratio Analysis
As of July 8, 2026, MillerKnoll, Inc. (MLKN) trades at a price-to-earnings ratio of 15.4x, with a stock price of $20.38 and trailing twelve-month earnings per share of $1.32.
The current P/E is 58% below its 5-year average of 36.9x. Over the past five years, MLKN's P/E has ranged from a low of 9.6x to a high of 143.9x, placing the current valuation at the 25th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 21.2x, MLKN trades at a 27% discount to its sector peers. The sector includes 309 companies with P/E ratios ranging from 0.1x to 184.9x.
Relative to the broader market, MLKN trades at a notable discount to the S&P 500 median P/E of 25.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MLKN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MLKN Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
MLKN P/E vs Peers
Commercial and Institutional Furnishings peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 15.8 | - | +50% | |
| $2B | 36.3 | 14.39 | -61% | |
| $436M | 8.5Lowest | 0.20Best | -19% | |
| $372M | 19.6 | - | +86%Best | |
| $2B | 15.8 | 11.02 | +5% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
MLKN Historical P/E Data (1991–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | May 30 2026 | $16.18 | $1.32 | 12.3x | -61% |
| FY2026 Q3 | Feb 28 2026 | $20.14 | $0.14 | 143.9x | +360% |
| FY2025 Q3 | Mar 01 2025 | $21.50 | $0.42 | 50.8x | +63% |
| FY2025 Q2 | Nov 30 2024 | $25.14 | $0.91 | 27.5x | -12% |
| FY2025 Q1 | Aug 31 2024 | $29.45 | $0.87 | 33.7x | +8% |
| FY2024 Q4 | Jun 01 2024 | $27.58 | $1.11 | 24.8x | -21% |
| FY2024 Q3 | Mar 02 2024 | $29.68 | $0.97 | 30.6x | -2% |
| FY2024 Q2 | Dec 02 2023 | $26.66 | $0.67 | 39.6x | +27% |
| FY2024 Q1 | Sep 02 2023 | $19.37 | $0.43 | 44.6x | +43% |
| FY2023 Q4 | May 31 2023 | $13.55 | $0.55 | 24.5x | -22% |
| FY2023 Q3 | Mar 04 2023 | $25.16 | $0.89 | 28.4x | -9% |
| FY2023 Q2 | Dec 03 2022 | $20.27 | $1.04 | 19.5x | -38% |
| FY2023 Q1 | Sep 03 2022 | $26.27 | $0.81 | 32.5x | +4% |
| FY2022 Q1 | Aug 28 2021 | $43.48 | $0.79 | 55.0x | +76% |
| FY2021 Q4 | May 31 2021 | $47.80 | $2.96 | 16.1x | -48% |
| FY2021 Q1 | Aug 29 2020 | $24.65 | $0.24 | 102.7x | +228% |
| FY2020 Q3 | Feb 29 2020 | $34.24 | $3.55 | 9.6x | -69% |
| FY2020 Q2 | Nov 30 2019 | $47.78 | $3.57 | 13.4x | -57% |
| FY2020 Q1 | Aug 31 2019 | $42.28 | $2.91 | 14.5x | -54% |
| FY2019 Q4 | May 31 2019 | $35.49 | $2.70 | 13.1x | -58% |
| FY2019 Q3 | Mar 02 2019 | $36.89 | $2.45 | 15.1x | -52% |
| FY2019 Q2 | Dec 01 2018 | $33.86 | $2.28 | 14.9x | -53% |
| FY2019 Q1 | Sep 01 2018 | $38.30 | $2.17 | 17.6x | -44% |
| FY2018 Q4 | - | $32.75 | $2.12 | 15.4x | -51% |
| FY2018 Q3 | Mar 03 2018 | $36.75 | $2.14 | 17.2x | -45% |
| FY2018 Q2 | Dec 02 2017 | $34.55 | $2.02 | 17.1x | -45% |
| FY2018 Q1 | Sep 02 2017 | $34.00 | $2.00 | 17.0x | -46% |
| FY2017 Q4 | May 31 2017 | $31.55 | $2.05 | 15.4x | -51% |
| FY2017 Q3 | Mar 04 2017 | $30.45 | $2.17 | 14.0x | -55% |
| FY2017 Q2 | Dec 03 2016 | $32.65 | $2.26 | 14.4x | -54% |
| FY2017 Q1 | Sep 03 2016 | $35.94 | $2.30 | 15.6x | -50% |
| FY2016 Q4 | - | $31.66 | $2.26 | 14.0x | -55% |
| FY2016 Q3 | Feb 27 2016 | $26.29 | $1.98 | 13.3x | -58% |
| FY2016 Q2 | Nov 28 2015 | $32.14 | $1.87 | 17.2x | -45% |
| FY2016 Q1 | Aug 29 2015 | $26.99 | $1.76 | 15.3x | -51% |
| FY2015 Q4 | May 31 2015 | $27.70 | $1.62 | 17.1x | -45% |
| FY2015 Q3 | Feb 28 2015 | $30.97 | $1.51 | 20.5x | -34% |
| FY2015 Q2 | Nov 29 2014 | $30.39 | $1.49 | 20.4x | -35% |
| FY2014 Q1 | Aug 31 2013 | $25.47 | $1.20 | 21.2x | -32% |
| FY2013 Q4 | May 31 2013 | $28.11 | $1.16 | 24.2x | -22% |
| FY2013 Q3 | Mar 02 2013 | $24.20 | $0.96 | 25.2x | -19% |
| FY2013 Q2 | Dec 01 2012 | $21.12 | $0.94 | 22.5x | -28% |
| FY2013 Q1 | Sep 01 2012 | $19.56 | $1.21 | 16.2x | -48% |
| FY2012 Q4 | - | $18.48 | $1.29 | 14.3x | -54% |
| FY2012 Q3 | Mar 03 2012 | $20.62 | $1.39 | 14.8x | -53% |
| FY2012 Q2 | Dec 03 2011 | $21.20 | $1.42 | 14.9x | -52% |
| FY2012 Q1 | Sep 03 2011 | $18.33 | $1.27 | 14.4x | -54% |
| FY2011 Q4 | - | $25.10 | $1.07 | 23.5x | -25% |
| FY2011 Q3 | Feb 26 2011 | $26.36 | $0.81 | 32.6x | +4% |
| FY2011 Q2 | Nov 27 2010 | $21.54 | $0.64 | 33.8x | +8% |
| FY2011 Q1 | Aug 28 2010 | $16.93 | $0.55 | 30.9x | -1% |
| FY2010 Q4 | May 31 2010 | $19.23 | $0.47 | 41.1x | +32% |
| FY2010 Q3 | Feb 27 2010 | $18.20 | $0.56 | 32.5x | +4% |
| FY2010 Q2 | Nov 28 2009 | $15.17 | $0.34 | 44.2x | +41% |
| FY2010 Q1 | Aug 29 2009 | $16.13 | $0.77 | 20.9x | -33% |
| FY2009 Q4 | May 31 2009 | $14.23 | $1.23 | 11.5x | -63% |
| FY2009 Q3 | Feb 28 2009 | $10.08 | $1.78 | 5.7x | -82% |
| FY2009 Q2 | Nov 29 2008 | $14.71 | $2.53 | 5.8x | -81% |
| FY2009 Q1 | Aug 30 2008 | $28.14 | $2.60 | 10.8x | -65% |
| FY2008 Q4 | May 31 2008 | $24.80 | $2.54 | 9.8x | -69% |
| FY2008 Q3 | Mar 01 2008 | $29.83 | $2.35 | 12.7x | -59% |
| FY2008 Q2 | Dec 01 2007 | $27.45 | $2.20 | 12.5x | -60% |
| FY2008 Q1 | Sep 01 2007 | $29.02 | $2.09 | 13.9x | -56% |
| FY2007 Q4 | - | $36.00 | $1.98 | 18.2x | -42% |
| FY2007 Q3 | Mar 03 2007 | $37.19 | $1.86 | 20.0x | -36% |
| FY2007 Q2 | Dec 02 2006 | $35.40 | $1.69 | 20.9x | -33% |
| FY2007 Q1 | Sep 02 2006 | $28.45 | $1.53 | 18.6x | -41% |
| FY2006 Q4 | May 31 2006 | $29.22 | $1.44 | 20.3x | -35% |
| FY2006 Q3 | Mar 04 2006 | $30.61 | $1.38 | 22.2x | -29% |
| FY2006 Q2 | Dec 03 2005 | $30.71 | $1.29 | 23.8x | -24% |
| FY2006 Q1 | Sep 03 2005 | $29.25 | $1.11 | 26.4x | -16% |
| FY2005 Q4 | - | $29.11 | $0.97 | 30.0x | -4% |
| FY2005 Q3 | Feb 26 2005 | $29.01 | $0.93 | 31.2x | -0% |
| FY2005 Q2 | Nov 27 2004 | $25.02 | $0.80 | 31.3x | +0% |
| FY2005 Q1 | Aug 28 2004 | $25.40 | $0.70 | 36.3x | +16% |
| FY2004 Q4 | May 31 2004 | $24.08 | $0.58 | 41.5x | +33% |
| FY2004 Q3 | Feb 28 2004 | $28.04 | $0.29 | 95.8x | +206% |
| FY2004 Q2 | Nov 29 2003 | $26.05 | $0.22 | 117.0x | +274% |
| FY2004 Q1 | Aug 30 2003 | $23.38 | $0.26 | 89.0x | +185% |
| FY2003 Q4 | May 31 2003 | $19.34 | $0.31 | 61.8x | +98% |
| FY2003 Q3 | Mar 01 2003 | $15.63 | $0.09 | 173.7x | +455% |
| FY2002 Q2 | Dec 01 2001 | $21.86 | $0.56 | 38.9x | +24% |
| FY2002 Q1 | Sep 01 2001 | $22.82 | $1.40 | 16.3x | -48% |
| FY2001 Q4 | - | $26.96 | $1.85 | 14.6x | -53% |
| FY2001 Q3 | Mar 03 2001 | $25.94 | $1.88 | 13.8x | -56% |
| FY2001 Q2 | Dec 02 2000 | $24.00 | $1.85 | 13.0x | -59% |
| FY2001 Q1 | Sep 02 2000 | $32.00 | $1.72 | 18.6x | -40% |
| FY2000 Q4 | May 31 2000 | $27.00 | $1.74 | 15.5x | -50% |
| FY2000 Q3 | Mar 04 2000 | $20.69 | $1.71 | 12.1x | -61% |
| FY2000 Q2 | Dec 04 1999 | $23.25 | $1.66 | 14.0x | -55% |
| FY2000 Q1 | Sep 04 1999 | $24.44 | $1.70 | 14.4x | -54% |
| FY1999 Q4 | May 31 1999 | $20.19 | $1.66 | 12.2x | -61% |
| FY1999 Q3 | Feb 27 1999 | $17.00 | $1.62 | 10.5x | -66% |
| FY1999 Q2 | Nov 28 1998 | $22.25 | $1.63 | 13.7x | -56% |
| FY1999 Q1 | Aug 29 1998 | $23.00 | $1.51 | 15.2x | -51% |
| FY1998 Q4 | May 31 1998 | $27.69 | $1.42 | 19.5x | -38% |
| FY1998 Q3 | Feb 28 1998 | $30.63 | $1.27 | 24.1x | -23% |
| FY1998 Q2 | Nov 29 1997 | $25.38 | $1.05 | 24.2x | -23% |
| FY1998 Q1 | Aug 30 1997 | $25.88 | $0.90 | 28.8x | -8% |
| FY1997 Q4 | May 31 1997 | $17.88 | $0.76 | 23.5x | -25% |
| FY1997 Q3 | Mar 01 1997 | $16.44 | $0.65 | 25.3x | -19% |
| FY1997 Q2 | Nov 30 1996 | $11.75 | $0.63 | 18.7x | -40% |
| FY1997 Q1 | Aug 31 1996 | $9.38 | $0.50 | 18.8x | -40% |
| FY1996 Q4 | May 31 1996 | $7.72 | $0.46 | 16.8x | -46% |
| FY1996 Q3 | Mar 02 1996 | $8.05 | $0.18 | 44.7x | +43% |
| FY1996 Q2 | Dec 02 1995 | $7.94 | $0.11 | 72.2x | +131% |
| FY1996 Q1 | Sep 02 1995 | $6.56 | $0.08 | 82.0x | +162% |
| FY1995 Q4 | May 31 1995 | $5.41 | $0.04 | 135.3x | +333% |
| FY1995 Q3 | Mar 04 1995 | $5.63 | $0.25 | 22.5x | -28% |
| FY1995 Q2 | Dec 03 1994 | $6.30 | $0.31 | 20.3x | -35% |
| FY1995 Q1 | Sep 03 1994 | $6.00 | $0.40 | 15.0x | -52% |
| FY1994 Q4 | - | $6.13 | $0.40 | 15.3x | -51% |
| FY1994 Q3 | Feb 26 1994 | $8.66 | $0.40 | 21.7x | -31% |
| FY1994 Q2 | Nov 27 1993 | $7.31 | $0.37 | 19.8x | -37% |
| FY1994 Q1 | - | $7.00 | $0.30 | 23.4x | -25% |
| FY1993 Q4 | May 31 1993 | $6.41 | $0.25 | 25.8x | -18% |
| FY1992 Q3 | Feb 29 1992 | $4.88 | $0.21 | 23.0x | -26% |
| FY1992 Q2 | Nov 30 1991 | $3.81 | $0.01 | 317.5x | +915% |
| FY1992 Q1 | Aug 31 1991 | $4.41 | $0.06 | 71.1x | +127% |
| FY1991 Q4 | May 31 1991 | $5.03 | $0.14 | 35.4x | +13% |
| FY1991 Q3 | - | $4.88 | $0.23 | 21.2x | -32% |
| FY1991 Q2 | Nov 30 1990 | $4.59 | $0.50 | 9.2x | -71% |
Average P/E for displayed period: 31.3x
Intrinsic Valuation
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Historical Returns
35+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MLKN — Frequently Asked Questions
Quick answers to the most common questions about buying MLKN stock.
What is MLKN's P/E ratio?
MillerKnoll, Inc. (MLKN) trailing twelve-month P/E ratio is 15.4x, based on TTM diluted EPS of $1.32. The 5-year average P/E is 36.9x and the historical range spans 9.6x to 143.9x.
Is MLKN stock overvalued or undervalued?
MLKN trades at 15.4x P/E, below its 5-year average of 36.9x. At the 25th percentile of its historical range (9.6x–143.9x), the stock is priced at a discount to its own history.
Is MLKN stock expensive?
No, MLKN is not expensive on a historical basis. The current P/E of 15.4x is below the 5-year average of 36.9x and sits at the 25th percentile of its valuation range.
What is MLKN's historical P/E range?
Over the past 5 years, MLKN's P/E ratio has ranged from 9.6x to 143.9x, with a median of 28.4x and an average of 36.9x. The current P/E of 15.4x places the stock at the 25th percentile of this range. Full historical data spans 1991–2026.
How does MLKN's P/E compare to the S&P 500?
MLKN trades at 15.4x P/E versus the S&P 500 median of 25.9x. The 41% discount to the market suggests lower growth expectations or perceived higher risk.
How does MLKN's valuation compare to Consumer Cyclical peers?
MillerKnoll, Inc. P/E of 15.4x compares to the Consumer Cyclical sector median of 21.2x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is MLKN's PEG ratio?
MLKN PEG ratio is N/A, based on a P/E of 15.4x and EPS growth of 349.1%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is MLKN's earnings yield?
MLKN earnings yield is 6.48%, the inverse of its 15.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.