MillerKnoll (FRA:MHR) E10: €1.26 (As of May. 2026)


FRA:MHR MillerKnoll Inc FRA:MHR
67 GF Score
Price €16.70
GF Value €19.42
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is MillerKnoll E10?

MillerKnoll FRA:MHR +12.84% 67 E10 is €1.26 as of May. 2026. GuruFocus rates FRA:MHR with a GF Score™ of 67/100 and a GF Value™ of €19.42 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

MillerKnoll's adjusted earnings per share data for the three months ended in May. 2026 was €0.291. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.26 for the trailing ten years ended in May. 2026.

During the past 12 months, MillerKnoll's average E10 Growth Rate was -6.90% per year. During the past 3 years, the average E10 Growth Rate was -2.80% per year. During the past 5 years, the average E10 Growth Rate was -1.90% per year. During the past 10 years, the average E10 Growth Rate was 1.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of MillerKnoll was 25.10% per year. The lowest was -8.20% per year. And the median was 2.95% per year.

As of today (2026-06-28), MillerKnoll's current stock price is €16.70. MillerKnoll's E10 for the quarter that ended in May. 2026 was €1.26. MillerKnoll's Shiller PE Ratio of today is 13.25.

During the past 13 years, the highest Shiller PE Ratio of MillerKnoll was 29.76. The lowest was 8.84. And the median was 20.37.


MillerKnoll  (FRA:MHR) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

MillerKnoll's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=16.70/1.26
=13.25

* 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.

During the past 13 years, the highest Shiller P/E Ratio of MillerKnoll was 29.76. The lowest was 8.84. And the median was 20.37.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


MillerKnoll E10 Related Terms


MillerKnoll E10 Historical Data

* Premium members only.

The historical data trend for MillerKnoll's E10 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.

MillerKnoll E10 Chart

MillerKnoll Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.54 1.57 1.65 1.39 1.26

MillerKnoll Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
E10 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 1.39 1.31 1.29 1.28 1.26

FRA:MHR vs MBC, LEG, AMWD: E10 Comparison

For the Furnishings, Fixtures & Appliances subindustry, MillerKnoll's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where MillerKnoll's Shiller PE Ratio falls into.


FRA:MHR
67GF Score
MillerKnoll Inc FRA:MHR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MillerKnoll E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, MillerKnoll's adjusted earnings per share data for the three months ended in May. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0.291/335.1230*335.1230
=0.291

Current CPI (May. 2026) = 335.1230.

MillerKnoll Quarterly Data

per share eps CPI Adj_EPS
201608 0.535 240.849 0.744
201611 0.491 241.353 0.682
201702 0.347 243.603 0.477
201705 0.498 244.733 0.682
201708 0.466 245.519 0.636
201711 0.469 246.669 0.637
201802 0.397 248.991 0.534
201805 0.448 251.588 0.597
201808 0.520 252.146 0.691
201811 0.581 252.038 0.773
201902 0.581 252.776 0.770
201905 0.697 256.092 0.912
201908 0.728 256.558 0.951
201911 1.195 257.208 1.557
202002 0.587 258.678 0.760
202005 -2.705 256.394 -3.536
202008 1.048 259.918 1.351
202011 0.736 260.229 0.948
202102 0.579 263.014 0.738
202105 0.099 269.195 0.123
202108 -0.782 273.567 -0.958
202111 -0.018 277.948 -0.022
202202 0.167 283.716 0.197
202205 0.265 292.296 0.304
202208 0.336 296.171 0.380
202211 0.206 297.711 0.232
202302 0.009 300.840 0.010
202305 -0.001 304.127 -0.001
202308 0.202 307.026 0.220
202311 0.416 307.051 0.454
202402 0.278 310.326 0.300
202405 0.129 314.069 0.138
202408 -0.018 314.796 -0.019
202411 0.462 315.493 0.491
202502 -0.182 319.082 -0.191
202505 -0.745 321.465 -0.777
202508 0.249 323.976 0.258
202511 0.303 324.122 0.313
202602 0.288 326.785 0.295
202605 0.291 335.123 0.291

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €1.26 mean?
MillerKnoll (FRA:MHR) has a E10 of €1.26 as of May. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on MillerKnoll and its competitors.
Is MillerKnoll's E10 too high?
MillerKnoll's current E10 is €1.26. Overall, MillerKnoll has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MillerKnoll's E10 compare to MBC and LEG?
MillerKnoll's E10 of €1.26 can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Furnishings, Fixtures & Appliances company?
A good E10 depends on the Furnishings, Fixtures & Appliances industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on MillerKnoll and its competitors. MillerKnoll's current E10 is €1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MillerKnoll stock overvalued right now?
Based on GuruFocus' analysis, MillerKnoll (FRA:MHR) is currently considered Modestly Undervalued. The stock's GF Value™ is €19.42, compared to a current price of €16.70 — trading 14% below its estimated fair value. The current E10 is €1.26. MillerKnoll's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For MillerKnoll (FRA:MHR), the current E10 is €1.26 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MillerKnoll (FRA:MHR) Overvalued in 2026?

Based on GuruFocus' analysis, MillerKnoll stock appears to be undervalued. The current stock price of €16.70 is trading 14% below its estimated GF Value™ of €19.42. GuruFocus considers MillerKnoll to be Modestly Undervalued.

Key valuation signals for FRA:MHR:

  • E10: €1.26
  • GF Value™: €19.42 vs. price of €16.70 (14% below fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the FRA:MHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MillerKnoll Business Description

Other Exchanges MLKN:USA
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, 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.
67GF Score

Get the complete analysis for FRA:MHR

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€16.70
Price
€19.42
GF Value