MillerKnoll Future Growth
Future criteria checks 3/6
MillerKnoll is forecast to grow earnings and revenue by 23.7% and 4.2% per annum respectively. EPS is expected to grow by 23.3% per annum. Return on equity is forecast to be 11.4% in 3 years.
Key information
23.7%
Earnings growth rate
23.29%
EPS growth rate
| Commercial Services earnings growth | 13.8% |
| Revenue growth rate | 4.2% |
| Future return on equity | 11.40% |
| Analyst coverage | Low |
| Last updated | 17 Sep 2026 |
Recent future growth updates
Recent updates
Seeking Alpha • Sep 15
MillerKnoll: $210M More In Sales And $26M Less In EBITDA In Two Years
Summary MillerKnoll is rated Hold, as current valuation at $20.80 aligns with my base case and does not offer material upside. FY27 guidance implies modest margin improvement, with EPS growth driven mainly by tax and financing, not core operations. Global Retail and International segments underperformed FY26 targets, and FY27 guidance does not assume a meaningful recovery. I am monitoring Global Retail margin (targeting 4%+), International order stabilization, and backlog trends for potential upgrades. Read the full article on Seeking Alpha
Narrative Update • Jul 03
MLKN: Retail Expansion And Cost Discipline Will Drive Future Share Price Upside
Analysts have lifted their price target on MillerKnoll stock from $32 to $35, citing updated assumptions around the discount rate, revenue growth, profit margins, and future P/E, which they view as better aligned with the company’s current outlook. What's in the News MillerKnoll reported fiscal Q4 2026 results with adjusted EPS of $0.55 on revenue of $1b, ahead of analyst estimates, and returned to net profit after prior losses, supported by North American contract, global retail, and Middle East sales performance.Narrative Update • Jun 19
MLKN: Retail Expansion And Leadership Transition Will Support Future Share Price Upside
Analysts have kept their $32 price target on MillerKnoll unchanged, citing small adjustments in the discount rate, revenue growth, profit margin, and future P/E assumptions as the basis for maintaining their view. What’s in the News for MillerKnoll Furniture industry coverage highlights MillerKnoll’s focus on digital tools, e-commerce, and multifunctional furniture, with the company cited as benefiting from expanding retail operations, improving contract demand, strong brand positioning, and plans to significantly grow its store footprint (source: “2 Furniture Stocks Showing Resilience Amid Industry Headwinds”).Analysis Article • Jun 16
MillerKnoll (MLKN) Stock Could Be 50.9% Undervalued After Design Days Refresh
MillerKnoll (MLKN) is back in the spotlight after using Fulton Market Design Days 2026 to showcase an extensive lineup of new and refreshed products, along with fresh creative leadership at Herman Miller. See our latest analysis for MillerKnoll. For investors watching MillerKnoll, the recent design launches and leadership appointments come after a period where the share price return has been mixed, with a 30 day gain of 8.64% and a 90 day decline of 12.48%, while the 3 year total shareholder...Narrative Update • Jun 04
MLKN: Leadership Transition And Capital Returns Will Support Future Upside Potential
Analysts have kept their MillerKnoll fair value estimate steady at $32.00, citing only very small tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Leadership change: President and CEO Andi Owen plans to retire on 30 June 2026 following a mutual agreement with the Board.Narrative Update • May 20
MLKN: Design Partnerships And Share Retirements Will Support Future Upside Potential
Analysts have modestly raised their price target for MillerKnoll to $32.00, reflecting updated assumptions around discount rate, revenue growth, profit margin and forward P/E that remain broadly in line with previous views. What's in the News MillerKnoll presented "High-Touch," a design history exhibition in New York that reexamines minimalist interiors through the work of Joe D'Urso and Ward Bennett.Narrative Update • Apr 23
MLKN: Share Repurchases And Execution Discipline Will Support Future Upside Potential
Analysts have adjusted their MillerKnoll price target to $32.00, maintaining a neutral fair value view while highlighting a constructive long term outlook following recent bullish research coverage. Analyst Commentary Bullish Takeaways Bullish analysts view the recent initiation as support for the current $32.00 fair value, suggesting the stock is reasonably aligned with their assessment of the company’s long term potential.Narrative Update • Apr 08
MLKN: Buybacks And Higher Assumed Future P/E Will Drive Upside Potential
Analysts have maintained their $32 price target for MillerKnoll, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E as the main factors supporting their current view. Analyst Commentary Bullish Takeaways Bullish analysts view the initiation with a positive rating as consistent with the current $32 target, suggesting that the updated discount rate and future P/E assumptions are viewed as reasonable for MillerKnoll’s risk profile.Narrative Update • Mar 25
MLKN: Bullish Initiation And Ongoing Buybacks Will Support Higher Future P E Multiple
Analysts maintained their fair value estimate for MillerKnoll at $32.00. The updated price target reflects small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, supported by fresh bullish initiation commentary from recent Street research.Narrative Update • Mar 10
MLKN: Bullish Initiation And Completed Buybacks Will Support Higher Future P E Multiple
Analysts have reaffirmed a $32.00 price target for MillerKnoll, supported by recent bullish research that highlights a constructive long term setup based on steady assumptions for revenue growth, profit margins, and future P/E. Analyst Commentary Recent research takes a constructive view on MillerKnoll, with the $32.00 price target framed around what analysts see as a balanced mix of execution, growth potential, and valuation support.Narrative Update • Feb 23
MLKN: Bullish Coverage And Buybacks Will Support Higher Future P E Multiple
Analysts have raised their price target on MillerKnoll to $32.00 per share, citing updated expectations for revenue growth, profit margins, and a higher future P/E multiple following recent bullish Street research coverage. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent initiation with a positive view as a signal that MillerKnoll's business model and brand portfolio are seen as supportive of the higher P/E multiple now being used in valuation work.Narrative Update • Feb 09
MLKN: Share Repurchase Progress Will Support Future Upside Potential
Analysts have maintained their fair value estimate for MillerKnoll at $32.0. They cited updated assumptions involving a slightly lower discount rate and marginal adjustments to long-term revenue growth, profit margin, and future P/E inputs that, taken together, leave their overall price target effectively unchanged. What's in the News MillerKnoll repurchased 316,562 shares between August 31, 2025 and November 29, 2025 for US$5 million, representing 0.46% of the company.Analysis Article • Jan 27
MillerKnoll (NASDAQ:MLKN) Has Announced A Dividend Of $0.1875
The board of MillerKnoll, Inc. ( NASDAQ:MLKN ) has announced that it will pay a dividend of $0.1875 per share on the...Narrative Update • Jan 25
MLKN: Saudi Expansion And Ongoing Buybacks Will Support Future Upside
Analysts have made only a modest adjustment to their price target for MillerKnoll, keeping it broadly aligned with earlier fair value estimates around $32.00, supported by largely unchanged assumptions on growth, margins and expected future P/E multiples. What's in the News MillerKnoll reported that between August 31, 2025 and November 29, 2025 it repurchased 316,562 shares, representing 0.46% of shares, for US$5 million under its existing buyback program.Narrative Update • Jan 10
MLKN: Saudi Expansion And New CFO Will Support Future Upside
Analysts have kept their fair value estimate for MillerKnoll steady at $32.00. The maintained target is mainly tied to unchanged views on revenue growth, profit margins, and future P/E expectations.Analysis Article • Jan 09
MillerKnoll (NASDAQ:MLKN) Will Be Hoping To Turn Its Returns On Capital Around
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Narrative Update • Dec 24
MLKN: Saudi Expansion And New CFO Will Support Long-Term Upside
Narrative Update on MillerKnoll Analysts have modestly raised their price expectations for MillerKnoll, citing improved revenue growth forecasts, higher projected profit margins, and a lower future price to earnings multiple. Taken together, these factors support a valuation closer to fair value around $32.00 per share.Analysis Article • Dec 20
The Market Lifts MillerKnoll, Inc. (NASDAQ:MLKN) Shares 30% But It Can Do More
MillerKnoll, Inc. ( NASDAQ:MLKN ) shareholders are no doubt pleased to see that the share price has bounced 30% in the...Narrative Update • Dec 10
MLKN: Expanded Saudi Presence Will Drive Long Term Retail Upside
Analysts have trimmed their price target on MillerKnoll from 35 dollars to 32 dollars, citing a slightly higher discount rate and modest pressure on long term profit margins that more than offset marginally stronger revenue growth and future valuation multiples. What's in the News MillerKnoll formally established its legal presence in the Kingdom of Saudi Arabia, enhancing local decision making and service capabilities to support major Vision 2030 and Expo 2030 related projects across workplace, hospitality, education and healthcare markets (Key Developments).Analysis Article • Nov 20
MillerKnoll (NASDAQ:MLKN) Is Due To Pay A Dividend Of $0.1875
The board of MillerKnoll, Inc. ( NASDAQ:MLKN ) has announced that it will pay a dividend on the 15th of January, with...Analysis Article • Oct 28
MillerKnoll (NASDAQ:MLKN) Has Affirmed Its Dividend Of $0.1875
The board of MillerKnoll, Inc. ( NASDAQ:MLKN ) has announced that it will pay a dividend on the 15th of January, with...Narrative Update • Sep 25
Restructuring And Global Retail Expansion Will Build Future Momentum
Despite a sharp improvement in net profit margin and a much lower forward P/E, MillerKnoll’s consensus analyst price target has decreased from $38.00 to $35.00, indicating tempered market expectations despite stronger profitability and valuation. What's in the News Jeff Stutz promoted to Chief Operating Officer; Kevin Veltman appointed interim Chief Financial Officer as a search for a permanent CFO is underway.Analysis Article • Aug 21
MillerKnoll (NASDAQ:MLKN) Has Affirmed Its Dividend Of $0.1875
MillerKnoll, Inc.'s ( NASDAQ:MLKN ) investors are due to receive a payment of $0.1875 per share on 15th of October...Analysis Article • Aug 10
Calculating The Fair Value Of MillerKnoll, Inc. (NASDAQ:MLKN)
NasdaqGS:MLKN 1 Year Share Price vs Fair Value Explore MillerKnoll's Fair Values from the Community and select yours...Analysis Article • Jul 21
Returns On Capital Signal Tricky Times Ahead For MillerKnoll (NASDAQ:MLKN)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...Analysis Article • Jul 03
MillerKnoll, Inc.'s (NASDAQ:MLKN) Price Is Right But Growth Is Lacking After Shares Rocket 28%
MillerKnoll, Inc. ( NASDAQ:MLKN ) shareholders would be excited to see that the share price has had a great month...Analysis Article • Jun 18
Is It Time To Consider Buying MillerKnoll, Inc. (NASDAQ:MLKN)?
While MillerKnoll, Inc. ( NASDAQ:MLKN ) might not have the largest market cap around , it received a lot of attention...Analysis Article • May 29
MillerKnoll (NASDAQ:MLKN) Has Announced A Dividend Of $0.1875
MillerKnoll, Inc.'s ( NASDAQ:MLKN ) investors are due to receive a payment of $0.1875 per share on 15th of July. This...Analysis Article • Apr 25
MillerKnoll (NASDAQ:MLKN) Is Paying Out A Dividend Of $0.1875
The board of MillerKnoll, Inc. ( NASDAQ:MLKN ) has announced that it will pay a dividend on the 15th of July, with...Analysis Article • Apr 12
Getting In Cheap On MillerKnoll, Inc. (NASDAQ:MLKN) Might Be Difficult
With a price-to-earnings (or "P/E") ratio of 37x MillerKnoll, Inc. ( NASDAQ:MLKN ) may be sending very bearish signals...Seeking Alpha • Mar 27
MillerKnoll's Recovery Looks Promising, But I'm Holding The Line
Summary MillerKnoll shows promise with a strong brand lineup and improving cash flow, but faces challenges like thin margins, high debt, and inconsistent retail results. Q3 2025 highlights include a slight EPS beat, strong North American contract business, and notable retail growth, especially among higher-income consumers. Despite some positive signs, the company’s valuation reflects market concerns about revenue stability, profit consistency, and economic exposure, leading to a continued Hold rating. Encouraging signs include improved cash flow, debt reduction, and strategic retail expansion, but consistent execution is needed before upgrading MLKN stock to a Buy. Read the full article on Seeking AlphaAnalysis Article • Mar 16
Does MillerKnoll (NASDAQ:MLKN) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Feb 28
At US$21.33, Is MillerKnoll, Inc. (NASDAQ:MLKN) Worth Looking At Closely?
While MillerKnoll, Inc. ( NASDAQ:MLKN ) might not have the largest market cap around , it received a lot of attention...Analysis Article • Feb 11
Is MillerKnoll, Inc. (NASDAQ:MLKN) Trading At A 28% Discount?
Key Insights MillerKnoll's estimated fair value is US$30.79 based on 2 Stage Free Cash Flow to Equity MillerKnoll's...Analysis Article • Jan 08
MillerKnoll (NASDAQ:MLKN) Is Reinvesting At Lower Rates Of Return
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 5/31/2028 | 4,176 | 149 | 145 | 305 | 4 |
| 5/31/2027 | 3,996 | 122 | 138 | 291 | 4 |
| 5/30/2026 | 3,842 | 92 | 78 | 200 | N/A |
| 2/28/2026 | 3,799 | 11 | 83 | 206 | N/A |
| 11/29/2025 | 3,749 | -25 | 83 | 207 | N/A |
| 8/30/2025 | 3,764 | -15 | 82 | 198 | N/A |
| 5/31/2025 | 3,670 | -37 | 102 | 209 | N/A |
| 3/1/2025 | 3,597 | 30 | 127 | 217 | N/A |
| 11/30/2024 | 3,593 | 65 | 132 | 215 | N/A |
| 8/31/2024 | 3,572 | 64 | 161 | 243 | N/A |
| 6/1/2024 | 3,628 | 82 | 274 | 352 | N/A |
| 3/2/2024 | 3,696 | 72 | 287 | 366 | N/A |
| 12/2/2023 | 3,809 | 51 | 299 | 382 | N/A |
| 9/2/2023 | 3,926 | 33 | 273 | 359 | N/A |
| 6/3/2023 | 4,087 | 42 | 80 | 163 | N/A |
| 3/4/2023 | 4,231 | 64 | 27 | 116 | N/A |
| 12/3/2022 | 4,276 | 78 | -48 | 40 | N/A |
| 9/3/2022 | 4,235 | 60 | -118 | -25 | N/A |
| 5/28/2022 | 3,946 | -27 | -107 | -12 | N/A |
| 2/26/2022 | 3,467 | -40 | -68 | 14 | N/A |
| 11/27/2021 | 3,028 | -13 | -22 | 60 | N/A |
| 8/28/2021 | 2,628 | 40 | 98 | 165 | N/A |
| 5/29/2021 | 2,465 | 175 | 273 | 332 | N/A |
| 2/27/2021 | 2,319 | -8 | 235 | 290 | N/A |
| 11/28/2020 | 2,394 | -12 | 239 | 294 | N/A |
| 8/29/2020 | 2,443 | 16 | 223 | 283 | N/A |
| 5/30/2020 | 2,487 | -9 | 153 | 222 | N/A |
| 2/29/2020 | 2,682 | 211 | N/A | 278 | N/A |
| 11/30/2019 | 2,635 | 212 | N/A | 267 | N/A |
| 8/31/2019 | 2,614 | 173 | N/A | 238 | N/A |
| 6/1/2019 | 2,567 | 161 | N/A | 216 | N/A |
| 3/2/2019 | 2,514 | 146 | N/A | 186 | N/A |
| 12/1/2018 | 2,474 | 137 | N/A | 177 | N/A |
| 9/1/2018 | 2,426 | 131 | N/A | 181 | N/A |
| 6/2/2018 | 2,381 | 128 | N/A | 167 | N/A |
| 3/3/2018 | 2,340 | 130 | N/A | 191 | N/A |
| 12/2/2017 | 2,287 | 122 | N/A | 189 | N/A |
| 9/2/2017 | 2,260 | 121 | N/A | 191 | N/A |
| 6/3/2017 | 2,278 | 124 | N/A | 202 | N/A |
| 3/4/2017 | 2,284 | 131 | N/A | 207 | N/A |
| 12/3/2016 | 2,295 | 137 | N/A | 232 | N/A |
| 9/3/2016 | 2,298 | 140 | N/A | 207 | N/A |
| 5/28/2016 | 2,265 | 137 | N/A | 210 | N/A |
| 2/27/2016 | 2,233 | 120 | N/A | 184 | N/A |
| 11/28/2015 | 2,213 | 113 | N/A | 160 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MLKN's forecast earnings growth (23.7% per year) is above the savings rate (3.7%).
Earnings vs Market: MLKN's earnings (23.7% per year) are forecast to grow faster than the US market (17.4% per year).
High Growth Earnings: MLKN's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MLKN's revenue (4.2% per year) is forecast to grow slower than the US market (13.6% per year).
High Growth Revenue: MLKN's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MLKN's Return on Equity is forecast to be low in 3 years time (11.4%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/21 17:10 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/05/30 |
| Annual Earnings | 2026/05/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MillerKnoll, Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chen Yang | Berenberg |
| David MacGregor | Longbow Research LLC |
| Beryl Bugatch | Raymond James & Associates |