MLKN

MillerKnoll, Inc.

Consumer Cyclical · $1.4B market cap

Verdict

Share price

$20.24

close of Oct 3, 2026

Fair value

$17.01

Sticker Price

Payback Price

$6.80

buy price

Overpriced

MLKN is Overpriced: at $20.24 it trades 19% above its fair value of $17.01. Its buy price (Payback Price) is $6.80, 66% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth2.1% a year✗
Equity per share growth12.8% a year✓
Sales growth5.5% a year✗
Free cash flow growth3.0% a year✗
Return on invested capital5.6%✗

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Superinvestors

3 of the investors we track hold MLKN. In Q2 2026, 1 added, 2 trimmed and 1 sold out. Who we track

Insider activity

Since Jul 14, 2026: no open-market purchases and 78 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

Stutz Jeffrey M

Interim CEO · 2026-08-01

Tax withholding

$118K

Stutz Jeffrey M

Interim CEO · 2026-08-01

Tax withholding

$53K

Stutz Jeffrey M

Interim CEO · 2026-08-01

Tax withholding

$21K

Stutz Jeffrey M

Interim CEO · 2026-08-01

Award

2,148 shares

Stutz Jeffrey M

Interim CEO · 2026-08-01

Award

5,355 shares

Show all 78 other filings

Stutz Jeffrey M

Interim CEO · 2026-08-01

Tax withholding

$45K

Stutz Jeffrey M

Interim CEO · 2026-08-01

Award

4,592 shares

Stutz Jeffrey M

Interim CEO · 2026-08-01

Option exercise

10,783 shares

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-08-01

Tax withholding

$76K

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-08-01

Tax withholding

$34K

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-08-01

Tax withholding

$14K

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-08-01

Award

1,378 shares

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-08-01

Option exercise

6,917 shares

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-08-01

Award

3,435 shares

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-08-01

Tax withholding

$29K

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-08-01

Award

2,946 shares

Propst Debbie F

President Global Retail · 2026-08-01

Tax withholding

$125K

Propst Debbie F

President Global Retail · 2026-08-01

Tax withholding

$56K

Propst Debbie F

President Global Retail · 2026-08-01

Tax withholding

$22K

Propst Debbie F

President Global Retail · 2026-08-01

Award

2,148 shares

Propst Debbie F

President Global Retail · 2026-08-01

Award

5,355 shares

Propst Debbie F

President Global Retail · 2026-08-01

Option exercise

10,783 shares

Propst Debbie F

President Global Retail · 2026-08-01

Tax withholding

$48K

Propst Debbie F

President Global Retail · 2026-08-01

Award

4,592 shares

Michael John P

President North America Contra · 2026-08-01

Tax withholding

$117K

Michael John P

President North America Contra · 2026-08-01

Tax withholding

$52K

Michael John P

President North America Contra · 2026-08-01

Tax withholding

$21K

Michael John P

President North America Contra · 2026-08-01

Award

2,148 shares

Michael John P

President North America Contra · 2026-08-01

Option exercise

10,783 shares

Michael John P

President North America Contra · 2026-08-01

Award

5,355 shares

Michael John P

President North America Contra · 2026-08-01

Tax withholding

$45K

Michael John P

President North America Contra · 2026-08-01

Award

4,592 shares

Watson Bruce Benedict

Chief Creative Officer · 2026-08-01

Tax withholding

$89K

Watson Bruce Benedict

Chief Creative Officer · 2026-08-01

Tax withholding

$40K

Watson Bruce Benedict

Chief Creative Officer · 2026-08-01

Tax withholding

$16K

Watson Bruce Benedict

Chief Creative Officer · 2026-08-01

Award

1,621 shares

Watson Bruce Benedict

Chief Creative Officer · 2026-08-01

Option exercise

8,138 shares

Watson Bruce Benedict

Chief Creative Officer · 2026-08-01

Award

4,041 shares

Watson Bruce Benedict

Chief Creative Officer · 2026-08-01

Tax withholding

$34K

Watson Bruce Benedict

Chief Creative Officer · 2026-08-01

Award

3,466 shares

Veltman Kevin J.

Chief Financial Officer · 2026-08-01

Tax withholding

$13K

Veltman Kevin J.

Chief Financial Officer · 2026-08-01

Tax withholding

$6K

Veltman Kevin J.

Chief Financial Officer · 2026-08-01

Tax withholding

$2K

Veltman Kevin J.

Chief Financial Officer · 2026-08-01

Award

233 shares

Veltman Kevin J.

Chief Financial Officer · 2026-08-01

Award

582 shares

Veltman Kevin J.

Chief Financial Officer · 2026-08-01

Tax withholding

$5K

Veltman Kevin J.

Chief Financial Officer · 2026-08-01

Award

499 shares

Veltman Kevin J.

Chief Financial Officer · 2026-08-01

Option exercise

1,172 shares

Stutz Jeffrey M

Interim CEO · 2026-07-22

Tax withholding

$119K

Stutz Jeffrey M

Interim CEO · 2026-07-22

Tax withholding

$71K

Stutz Jeffrey M

Interim CEO · 2026-07-22

Option exercise

12,015 shares

Stutz Jeffrey M

Interim CEO · 2026-07-22

Option exercise

6,892 shares

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-07-22

Tax withholding

$81K

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-07-22

Option exercise

8,139 shares

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-07-22

Tax withholding

$48K

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-07-22

Option exercise

4,651 shares

Propst Debbie F

President Global Retail · 2026-07-22

Tax withholding

$110K

Propst Debbie F

President Global Retail · 2026-07-22

Tax withholding

$66K

Propst Debbie F

President Global Retail · 2026-07-22

Option exercise

10,421 shares

Propst Debbie F

President Global Retail · 2026-07-22

Option exercise

5,994 shares

Michael John P

President North America Contra · 2026-07-22

Tax withholding

$103K

Michael John P

President North America Contra · 2026-07-22

Tax withholding

$62K

Michael John P

President North America Contra · 2026-07-22

Option exercise

10,421 shares

Michael John P

President North America Contra · 2026-07-22

Option exercise

5,994 shares

Watson Bruce Benedict

Chief Creative Officer · 2026-07-22

Option exercise

5,245 shares

Watson Bruce Benedict

Chief Creative Officer · 2026-07-22

Tax withholding

$91K

Watson Bruce Benedict

Chief Creative Officer · 2026-07-22

Tax withholding

$54K

Watson Bruce Benedict

Chief Creative Officer · 2026-07-22

Option exercise

9,162 shares

Veltman Kevin J.

Chief Financial Officer · 2026-07-22

Tax withholding

$26K

Veltman Kevin J.

Chief Financial Officer · 2026-07-22

Tax withholding

$8K

Veltman Kevin J.

Chief Financial Officer · 2026-07-22

Option exercise

744 shares

Veltman Kevin J.

Chief Financial Officer · 2026-07-22

Option exercise

2,604 shares

Watson Bruce Benedict

Chief Creative Officer · 2026-07-14

Award

33,121 shares

Michael John P

President North America Contra · 2026-07-14

Award

39,746 shares

Veltman Kevin J.

Chief Financial Officer · 2026-07-14

Award

28,617 shares

Propst Debbie F

President Global Retail · 2026-07-14

Award

39,746 shares

Jacqueline Hourigan Rice

Chief Legal Officer and Corpor · 2026-07-14

Award

26,663 shares

Stutz Jeffrey M

Interim CEO · 2026-07-14

Award

77,504 shares

About MillerKnoll, Inc.

MillerKnoll, Inc. is a global entity dedicated to the research, design, manufacturing, and distribution of a comprehensive range of interior furnishings. The company's operations are divided into four primary business segments: Americas Contract, International Contract, Global Retail, and Knoll. Its extensive product portfolio includes prominent office furniture brands such as Aeron, Mirra, Sayl, and Embody…

Furnishings, Fixtures & Appliances

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works