IMPORTANT DISCLAIMER: Blank Capital Research ("BCR") is a technology platform, not a registered investment advisor or broker-dealer. The algorithmically generated signals, scores, and rankings provided on this site ("God Mode" Signals) are for informational and research purposes only and do not constitute financial advice, investment recommendations, or an offer to sell or solicit an offer to buy any securities.
HYPOTHETICAL PERFORMANCE RESULTS: The "timing scores" and "regime signals" displayed are based on quantitative models. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
RISK OF LOSS: Trading in financial markets involves a high degree of risk and may result in the loss of your entire investment. Data provided by third-party sources (Intrinio, Snowflake) is believed to be reliable but is not guaranteed for accuracy or completeness. Past performance is not indicative of future results.
© 2026 Blank Capital Research. All rights reserved. System Version: Aegis V8 (God Mode).
Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#567
Positioning
Market Dominance
Manufacturing
Business Supplies
$1.1B
Andrea R. Owen
MillerKnoll, Inc. manufactures and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Retail segments. Its products are used in institutional, health/science, residential and other environments; transportation terminals; and industrial and educational settings.
Headcount
11.3K
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Dates updated upon official exchange announcement.
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = MLKN ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MLKN MILLERKNOLL, INC. | 61 | 60 | 83 | 49 | 21.8x | 18.5x | 5.4% | 1.8% | 38.6% | 1.9% | 1.8% | 10.9% | 4.7% | 199.0x | $1.1B | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
MILLERKNOLL, INC. (MLKN) receives a "Hold" rating with a composite score of 61.4/100. It ranks #567 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
Sign in to join the discussion.
HQ Base
Zeeland, Michigan
In-line with peers — no strong momentum signal
Trading at a discount to fundamentals — favorable entry valuation
High profitability & efficiency — strong quality floor supports entry
Low volatility — smoother ride and historically better risk-adjusted returns
Moderate investment profile
Mid-range overall rating
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for MLKN.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 60 | 64 | -4NEUTRAL |
| MOMENTUM | 49 | 44 | +5NEUTRAL |
| VALUATION | 83 | 87 | -4NEUTRAL |
| INVESTMENT | 50 | 91 | -41DRAG |
| STABILITY | 69 | 70 | -1NEUTRAL |
| SHORT INT | 61 | 72 | -11DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy 5.4% (sector -1.9%)
GM 39% vs sector 44%, OM 2% vs sector 3%
Capital turnover N/A, R&D intensity 2.3%
Rev growth 11%, 11yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate MILLERKNOLL, INC. (MLKN) as a Hold with a composite score of 61.4/100 at a current price of $21.20. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
MILLERKNOLL, INC. holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 61.4/100 places it at rank #567 in our full universe.
No Moat
Medium
Poor
Undervalued
Value factor score of 83 suggests attractive pricing.
Stable competitive position in a defensive sector.
Leverage of 199% D/E amplifies downside risk.
Vulnerability to macroeconomic shocks and interest rate volatility.
MILLERKNOLL, INC. represents a hold based on multi-factor quantitative performance.
Our model assigns MILLERKNOLL, INC. a Hold rating, with a composite score of 61.4/100 and 3 out of 5 stars. Ranked #567 of 7,333 stocks, MLKN presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
With a quality score of 60/100, MLKN shows adequate but unremarkable business quality. The company reports a return on equity of 5.4% (sector avg: -1.9%), gross margins of 38.6% (sector avg: 44.1%), net margins of 1.8% (sector avg: 1.0%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
MLKN carries a solid value score of 83/100, pointing to an attractively priced stock relative to peers. Key valuation metrics include a P/E ratio of 21.84x, an EV/EBITDA of 18.53x, a P/B ratio of 1.17x. This score suggests reasonable compensation for the risks involved, with potential upside if the market recognizes the stock's underlying worth.
With an investment score of 50/100, MLKN exhibits moderate growth-oriented spending. Key growth metrics include revenue growth of 10.9% vs. a sector average of 6.7% and a return on assets of 1.8% (sector: 0.9%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.
MLKN is currently showing below-average momentum at 49/100, which may indicate weakening institutional interest or negative sentiment shifts. Revenue growth stands at 10.9% year-over-year, while a beta of 1.11 reflects its sensitivity to broader market moves. Investors should note that declining momentum can precede further price weakness, though contrarian opportunities sometimes emerge at these levels.
MLKN shows good financial stability with a score of 69/100. Key stability metrics include a beta of 1.11 and a debt-to-equity ratio of 199.00x (sector avg: 0.2x). This suggests manageable leverage and moderate price volatility, making it appropriate for investors seeking a balance between growth potential and capital preservation.
MLKN carries a short interest score of 61/100, indicating moderate short selling activity. This is a neutral reading — not enough to signal systemic bearishness, but worth monitoring. Specific risk factors include elevated leverage (D/E: 199.00x), small-cap liquidity risk. At $1.1B market cap (small-cap), MILLERKNOLL, INC. offers reasonable institutional liquidity.
MILLERKNOLL, INC. offers an attractive dividend yield of 4.7%, placing it among the higher-yielding stocks in its peer group. A yield this high can provide meaningful income, but investors should verify the payout is sustainable by examining the payout ratio, free cash flow coverage, and any history of dividend cuts.
MILLERKNOLL, INC. is a small-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #567 of 7,333 overall (92nd percentile). Key comparisons include ROE of 5.4% exceeding the -1.9% sector median and operating margins of 1.9% below the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While MLKN currently exhibits a HOLD profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
Upgrade catalyst
Momentum (49) is the limiting factor — improvement here would lift the composite score most.
EV/EBITDA 62% ABOVE SECTOR MEDIAN
ROE 383% BELOW SECTOR MEDIAN
Gross Margin 12% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Y Intercept Hong Kong Ltd increased its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 711.1% in the third quarter, now holding 87,330 shares valued at approximately $1.55 million. Despite this increased institutional interest, MillerKnoll faces cautious analyst ratings, with an average "Reduce" rating due to recent downgrades and weak profitability metrics, including a negative net margin and PE ratio. The company offers a quarterly dividend of $0.1875, translating to a 3.7% yield, but its financial health concerns persist.
MillerKnoll has been named to Fortune's World's Most Admired Companies™ 2026 list for the first time, recognizing its leadership in design innovation, sustainability, and corporate values since its 2021 merger. The company's recent achievements include new flagships and an Archives facility, with future plans to expand retail, accelerate innovation, and advance sustainable design. This inclusion highlights MillerKnoll's dedication to creating a better future through design, as acknowledged by industry executives, directors, and analysts.
MillerKnoll (NASDAQ: MLKN) has appointed Claire Spofford, former CEO of J. Jill, to its Board of Directors. Spofford, a retail executive with over 30 years of experience, brings expertise in omnichannel strategy, brand development, and operational excellence to the company. Her appointment expands MillerKnoll's board to eleven directors and is expected to strengthen the company's growth and innovation initiatives.
MillerKnoll (NASDAQ: MLKN) has appointed Claire Spofford, former CEO of J. Jill, to its Board of Directors, effective January 16, 2026. Spofford brings over 30 years of retail leadership experience, including expertise in omnichannel strategy, brand development, and operational improvement. Her appointment increases the board to 11 directors, with 10 being independent, strengthening the company's governance as it focuses on growth in both consumer retail and workplace contract segments.
MillerKnoll (NASDAQ:MLKN) was downgraded to a "Hold" rating by Wall Street Zen, contributing to an overall "Reduce" consensus rating on MarketBeat. The company slightly surpassed quarterly EPS estimates with $0.43 on $955.2 million revenue, but still reported a negative net margin and P/E ratio. Despite the downgrade, institutional ownership remains high at 87.5%, with several large investors increasing their stakes.