MillerKnoll (FRA:MHR) Research & Development: €56 Mil (TTM As of May. 2026)


FRA:MHR MillerKnoll Inc FRA:MHR
64 GF Score
Price €16.70
GF Value €19.42
Valuation Modestly Undervalued
! 3 Warning Signs
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What is MillerKnoll Research & Development?

MillerKnoll FRA:MHR +12.84% 64 Research & Development is €56 Mil as of May. 2026. GuruFocus rates FRA:MHR with a GF Score™ of 64/100 and a GF Value™ of €19.42 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. MillerKnoll's Research & Development for the three months ended in May. 2026 was €0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in May. 2026 was €56 Mil.

MillerKnoll  (FRA:MHR) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

MillerKnoll Research & Development Related Terms

MillerKnoll Research & Development Historical Data

* Premium members only.

The historical data trend for MillerKnoll's Research & Development 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 Research & Development Chart

MillerKnoll Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 102.83 97.24 85.66 83.20 0.00

MillerKnoll Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Research & Development 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 21.47 17.44 20.76 17.43 0.00
FRA:MHR
64GF Score
MillerKnoll Inc FRA:MHR
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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MillerKnoll Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €56 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €56 Mil mean?
MillerKnoll (FRA:MHR) has a Research & Development of €56 Mil as of May. 2026. Research and development expense is the total cost for research and development activities. View historical data on MillerKnoll and its competitors.
Is MillerKnoll's Research & Development too high?
MillerKnoll's current Research & Development is €56 Mil. Overall, MillerKnoll has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MillerKnoll's Research & Development compare to MBC and LEG?
MillerKnoll's Research & Development of €56 Mil 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 Research & Development for a Furnishings, Fixtures & Appliances company?
A good Research & Development depends on the Furnishings, Fixtures & Appliances industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on MillerKnoll and its competitors. MillerKnoll's current Research & Development is €56 Mil. 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 Research & Development is €56 Mil. MillerKnoll's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For MillerKnoll (FRA:MHR), the current Research & Development is €56 Mil 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:

  • Research & Development: €56 Mil
  • GF Value™: €19.42 vs. price of €16.70 (14% below fair value)
  • GF Score™: 64/100 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.
64GF Score

Get the complete analysis for FRA:MHR

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

€16.70
Price
€19.42
GF Value