MillerKnoll (FRA:MHR) ROCE %: 6.32% (As of May. 2026)

What is MillerKnoll ROCE %?

MillerKnoll FRA:MHR +6.47% 64 ROCE % is 6.32% as of May. 2026. GuruFocus rates FRA:MHR with a GF Score™ of 64/100 and a GF Value™ of €17.57 (Modestly Undervalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. MillerKnoll's annualized ROCE % for the quarter that ended in May. 2026 was 6.32%.

MillerKnoll (FRA:MHR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

MillerKnoll ROCE % Related Terms

MillerKnoll ROCE % Historical Data

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The historical data trend for MillerKnoll's ROCE % 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 ROCE % Chart

MillerKnoll Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

May24

May25

May26

ROCE %

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1.16

3.43

5.10

1.63

5.97

MillerKnoll Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
ROCE %	Get a 7-Day Free Trial															6.31	5.67	6.16	5.43	6.32

64GF Score

MillerKnoll Inc FRA:MHR

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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MillerKnoll ROCE % Calculation

MillerKnoll's annualized ROCE % for the fiscal year that ended in May. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2026 )		(A: May. 2025 )		(A: May. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2026 )		(A: May. 2025 )		(A: May. 2026 )
	=	169.745	/	( ( (3503.827 - 624.271)	+	(3423.572 - 617.262) )	/ 2 )
	=	169.745	/	( (2879.556	+	2806.31)	/ 2 )
	=	169.745	/	2842.933
	=	5.97 %

MillerKnoll's ROCE % of for the quarter that ended in May. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2026 )		(Q: Feb. 2026 )		(Q: May. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2026 )		(Q: Feb. 2026 )		(Q: May. 2026 )
	=	175.992	/	( ( (3343.054 - 577.057)	+	(3423.572 - 617.262) )	/ 2 )
	=	175.992	/	( ( 2765.997	+	2806.31 )	/ 2 )
	=	175.992	/	2786.1535
	=	6.32 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 6.32% mean?

MillerKnoll (FRA:MHR) has a ROCE % of 6.32% as of May. 2026.

Is MillerKnoll's ROCE % too high?

MillerKnoll's current ROCE % is 6.32%. The Furnishings, Fixtures & Appliances industry median ROCE % is 5.73. MillerKnoll's value of 6.32% is 10.3% above this industry median. 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 ROCE % compare to MBC and LEG?

MillerKnoll's ROCE % of 6.32% can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median ROCE % is 5.73. MillerKnoll's value of 6.32% is 10.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Furnishings, Fixtures & Appliances company?

The median ROCE % among Furnishings, Fixtures & Appliances companies is 5.73, based on 430 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MillerKnoll's current ROCE % of 6.32% is 10.3% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Furnishings, Fixtures & Appliances industry, the median ROCE % is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MillerKnoll's current ROCE % is 6.32%. 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 €17.57, compared to a current price of €14.80 — trading 15.8% below its estimated fair value. The current ROCE % is 6.32% and 10.3% above the Furnishings, Fixtures & Appliances industry median of 5.73. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For MillerKnoll (FRA:MHR), the current ROCE % is 6.32% 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 €14.80 is trading 15.8% below its estimated GF Value™ of €17.57. GuruFocus considers MillerKnoll to be Modestly Undervalued.

Key valuation signals for FRA:MHR:

ROCE %: 6.32%
GF Value™: €17.57 vs. price of €14.80 (15.8% below fair value)
GF Score™: 64/100 with 3 warning signs
Industry Position: 10.3% above the Furnishings, Fixtures & Appliances median

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

Industry Consumer Cyclical Furnishings, Fixtures & Appliances

Comparable Companies MBC LEG AMWD LZB XMAX ETD TILE HBB FLXS LOVE SZSE:000333 SZSE:000651 SHSE:600690 SHSE:603268 SN TPE:2059 SGI TSE:9843 MHK MIL:DLG

Other Exchanges MLKN:USA

Address 855 East Main Avenue, P.O. Box 302, Zeeland, MI, USA, 49464

Website https://www.millerknoll.com

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

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

€14.80

Price

€17.57

GF Value

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