MillerKnollFRA:MHR +2.99%65 Gross Margin % is 39.39% as of May. 2026, which is 6% above its 10-year median of 37.30. GuruFocus rates FRA:MHR with a GF Score™ of 65/100 and a GF Value™ of €19.28 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 415 Furnishings, Fixtures & Appliances companies, MillerKnoll ranks better than 71.57% on this metric.
The historical rank and industry rank for MillerKnoll's Gross Margin % or its related term are showing as below:
FRA:MHR'
s Gross Margin % Range Over the Past 10 Years
Min: 34.28 Med: 37.3 Max: 39.12
Current: 38.75
During the past 13 years, the highestGross Margin % of MillerKnoll was 39.12%. The lowest was 34.28%. And the median was 37.30%.
FRA:MHR's Gross Margin % is ranked better than 71.57% of 415
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 29.11
vs FRA:MHR: 38.75
MillerKnoll had a gross margin of 39.39% for the quarter that ended in May. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for MillerKnoll was 1.40% per year.
MillerKnoll (FRA:MHR) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
MillerKnoll had a gross margin of 39.39% for the quarter that ended in May. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
MillerKnoll Gross Margin % Related Terms
MillerKnoll Gross Margin % Historical Data
* Premium members only.
The historical data trend for MillerKnoll's Gross Margin % 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.
FRA:MHR vs MBC, LEG, LZB: Gross Margin % Comparison
For the Furnishings, Fixtures & Appliances subindustry, MillerKnoll's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, MillerKnoll's Gross Margin % distribution charts can be found below:
* The bar in red indicates where MillerKnoll's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
MillerKnoll (FRA:MHR) has a Gross Margin % of 39.39% as of May. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on MillerKnoll and its competitors. This is near median its historical median of 37.30. Over the past decade, MillerKnoll's Gross Margin % has ranged from 34.28 to 39.12. According to the industry distribution chart, MillerKnoll ranks #118 out of 415 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 28.4%.
Is MillerKnoll's Gross Margin % too high?
MillerKnoll's current Gross Margin % of 39.39% is near median its 10-year median of 37.30. Over the past 10 years, this metric has ranged from a low of 34.28 to a high of 39.12. The Furnishings, Fixtures & Appliances industry median Gross Margin % is 29.11. MillerKnoll's value of 39.39% is 35.3% above this industry median. Based on the distribution chart, MillerKnoll ranks #118 out of 415 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, MillerKnoll has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MillerKnoll's Gross Margin % compare to MBC and LEG?
According to the Furnishings, Fixtures & Appliances industry distribution chart, MillerKnoll ranks #118 out of 415 companies for Gross Margin %. This puts MillerKnoll in the upper half of its industry. The industry median Gross Margin % is 29.11. MillerKnoll's value of 39.39% is 35.3% above this benchmark. Historically, MillerKnoll's own Gross Margin % has ranged from 34.28 to 39.12 over the past decade. While the company's 10-year median is 37.30 vs. the industry median of 29.11, MillerKnoll has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Furnishings, Fixtures & Appliances company?
The median Gross Margin % among Furnishings, Fixtures & Appliances companies is 29.11, based on 415 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MillerKnoll's current Gross Margin % of 39.39% is 35.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on MillerKnoll and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Gross Margin % is 29.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MillerKnoll's current Gross Margin % is 39.39%, which is near median its own 10-year median of 37.30. 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 €19.28, compared to a current price of €17.20 — trading 10.8% below its estimated fair value. The current Gross Margin % is 39.39%, which is near median its 10-year median of 37.30 and 35.3% above the Furnishings, Fixtures & Appliances industry median of 29.11. MillerKnoll's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For MillerKnoll (FRA:MHR), the current Gross Margin % is 39.39% 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 €17.20 is trading 10.8% below its estimated GF Value™ of €19.28.
GuruFocus considers MillerKnoll to be Modestly Undervalued.
Key valuation signals for FRA:MHR:
Gross Margin %: 39.39% (near median its 10-year median of 37.30)
GF Value™: €19.28 vs. price of €17.20 (10.8% below fair value)
Industry Position: 35.3% above the Furnishings, Fixtures & Appliances median (#118 of 415)
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 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.
65GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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