What is Millerknoll, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Millerknoll, Inc.'s reported free cash flow gives $10.37 per share. The share price was $21.94 on November 10, 2026, 112% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 4.5% | 10.0% | $0.29 | -99% |
| Base | 9.5% | 9.0% | $10.37 | -53% |
| Bull | 14.5% | 8.0% | $30.46 | +39% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $17.95 | $20.28 | $23.13 | $26.70 | $31.28 |
| 8.0% | $12.28 | $13.79 | $15.58 | $17.72 | $20.35 |
| 9.0% | $8.14 | $9.18 | $10.37 | $11.76 | $13.41 |
| 10.0% | $5.00 | $5.73 | $6.57 | $7.52 | $8.62 |
| 11.0% | $2.53 | $3.07 | $3.67 | $4.35 | $5.12 |
Where the presets come from
Base: years 1 to 5 grow at Millerknoll, Inc.'s revenue growth rate over the last 5 fiscal years (9.3% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions