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MLKN (MillerKnoll) Cyclically Adjusted PB Ratio : 1.03 (As of May. 30, 2025)


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What is MillerKnoll Cyclically Adjusted PB Ratio?

As of today (2025-05-30), MillerKnoll's current share price is $16.87. MillerKnoll's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 was $16.33. MillerKnoll's Cyclically Adjusted PB Ratio for today is 1.03.

The historical rank and industry rank for MillerKnoll's Cyclically Adjusted PB Ratio or its related term are showing as below:

MLKN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 4.58   Max: 9.12
Current: 1.05

During the past years, MillerKnoll's highest Cyclically Adjusted PB Ratio was 9.12. The lowest was 0.96. And the median was 4.58.

MLKN's Cyclically Adjusted PB Ratio is ranked better than
57.73% of 317 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.24 vs MLKN: 1.05

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

MillerKnoll's adjusted book value per share data for the three months ended in Feb. 2025 was $18.514. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $16.33 for the trailing ten years ended in Feb. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


MillerKnoll Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MillerKnoll's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MillerKnoll Cyclically Adjusted PB Ratio Chart

MillerKnoll Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.76 4.91 2.52 0.99 1.80

MillerKnoll Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.05 1.80 1.88 1.58 1.32

Competitive Comparison of MillerKnoll's Cyclically Adjusted PB Ratio

For the Furnishings, Fixtures & Appliances subindustry, MillerKnoll's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MillerKnoll's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, MillerKnoll's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where MillerKnoll's Cyclically Adjusted PB Ratio falls into.


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MillerKnoll Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

MillerKnoll's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.87/16.33
=1.03

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MillerKnoll's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 is calculated as:

For example, MillerKnoll's adjusted Book Value per Share data for the three months ended in Feb. 2025 was:

Adj_Book=Book Value per Share/CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=18.514/134.6241*134.6241
=18.514

Current CPI (Feb. 2025) = 134.6241.

MillerKnoll Quarterly Data

Book Value per Share CPI Adj_Book
201505 7.032 100.333 9.435
201508 7.536 100.548 10.090
201511 7.921 100.135 10.649
201602 8.215 100.040 11.055
201605 8.759 101.355 11.634
201608 9.140 101.617 12.109
201611 9.488 101.829 12.544
201702 9.718 102.779 12.729
201705 9.838 103.256 12.827
201708 10.180 103.587 13.230
201711 10.569 104.072 13.672
201802 11.010 105.052 14.109
201805 11.220 106.148 14.230
201808 11.348 106.383 14.360
201811 11.633 106.338 14.727
201902 12.152 106.649 15.340
201905 12.233 108.048 15.242
201908 12.617 108.245 15.692
201911 14.297 108.519 17.736
202002 14.235 109.139 17.559
202005 10.937 108.175 13.611
202008 12.672 109.662 15.556
202011 13.537 109.793 16.599
202102 14.408 110.968 17.479
202105 14.578 113.576 17.280
202108 19.471 115.421 22.711
202111 18.965 117.269 21.772
202202 19.207 119.703 21.601
202205 18.821 123.323 20.546
202208 18.196 124.958 19.604
202211 18.971 125.607 20.333
202302 18.960 126.928 20.110
202305 18.925 128.314 19.856
202308 19.116 129.538 19.867
202311 19.440 129.548 20.202
202402 19.389 130.930 19.936
202405 19.681 132.509 19.995
202408 19.220 132.816 19.482
202411 19.154 133.110 19.372
202502 18.514 134.624 18.514

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


MillerKnoll  (NAS:MLKN) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


MillerKnoll Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of MillerKnoll's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


MillerKnoll Business Description

Traded in Other Exchanges
Address
855 East Main Avenue, P.O. Box 302, Zeeland, MI, USA, 49464
MillerKnoll Inc, formerly Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe. The Company has three reportable segments: Americas Contract , International Contract & Specialty International & Specialty and Global Retail. The company's products are sold through a variety of sources, including owned and independent contract furniture dealers, direct customer sales, owned and independent retailers, direct-mail catalogs, and the company's online stores. The independent retailer division generates the majority of the firm's overall sales.
Executives
Jeffrey M Stutz officer: TreasVPInvst Relatn 855 EAST MAIN, ZEELAND MI 49464
Mike C. Smith director STITCH FIX, INC., ONE MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Michael A Volkema director
Michael R Smith director 18 LOVETON CIRCLE, SPARKS MD 21152
Lisa A Kro director 3700 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402
Megan Lyon other: Chief Strategy Officer 855 EAST MAIN, ZEELAND MI 49464
Andi Owen officer: President & CEO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Richard Scott other: Chief Mfg and Ops Officer 855 EAST MAIN, ZEELAND MI 49464
Bruce Benedict Watson other: Executive Creative Director 855 EAST MAIN, ZEELAND MI 49464
Kartik Shethia other: President - Intl Contract 855 EAST MAIN AVE, ZEELAND MI 49464
Jeffrey L. Kurburski other: VP Information Tech 855 EAST MAIN, ZEELAND MI 49464
Christopher M Baldwin other: Group President, MillerKnoll C/O KNOLL INC, 1235 WATER STREET, EAST GREENVILLE PA 18041
Jennifer K. Nicol other: Chief People Officer 855 EAST MAIN AVE, ZEELAND MI 49464
John P Michael officer: President, N America Contract 855 EAST MAIN, ZEELAND MI 49464
Debbie F Propst officer: President - HM Consumer 855 EAST MAIN, ZEELAND MI 49464