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MillerKnoll (FRA:MHR) Cyclically Adjusted Price-to-FCF : 11.92 (As of Jun. 04, 2024)


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What is MillerKnoll Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), MillerKnoll's current share price is €25.40. MillerKnoll's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €2.13. MillerKnoll's Cyclically Adjusted Price-to-FCF for today is 11.92.

The historical rank and industry rank for MillerKnoll's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:MHR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.95   Med: 18.98   Max: 29.58
Current: 11.88

During the past years, MillerKnoll's highest Cyclically Adjusted Price-to-FCF was 29.58. The lowest was 6.95. And the median was 18.98.

FRA:MHR's Cyclically Adjusted Price-to-FCF is ranked better than
67.39% of 184 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 17.805 vs FRA:MHR: 11.88

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

MillerKnoll's adjusted free cash flow per share data for the three months ended in Feb. 2024 was €0.549. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €2.13 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MillerKnoll Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MillerKnoll's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

MillerKnoll Cyclically Adjusted Price-to-FCF Chart

MillerKnoll Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.78 13.30 22.06 14.71 6.62

MillerKnoll Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted Price-to-FCF 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 11.70 6.62 8.91 11.30 13.05

Competitive Comparison of MillerKnoll's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, MillerKnoll's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, MillerKnoll's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where MillerKnoll's Cyclically Adjusted Price-to-FCF falls into.



MillerKnoll Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

MillerKnoll's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=25.40/2.13
=11.92

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, MillerKnoll's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.549/130.9299*130.9299
=0.549

Current CPI (Feb. 2024) = 130.9299.

MillerKnoll Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.380 100.373 0.496
201408 0.424 100.352 0.553
201411 0.270 99.635 0.355
201502 0.185 99.032 0.245
201505 0.555 100.333 0.724
201508 0.249 100.548 0.324
201511 0.329 100.135 0.430
201602 0.488 100.040 0.639
201605 0.793 101.355 1.024
201608 0.119 101.617 0.153
201611 0.608 101.829 0.782
201702 0.061 102.779 0.078
201705 0.938 103.256 1.189
201708 -0.084 103.587 -0.106
201711 0.674 104.072 0.848
201802 0.242 105.052 0.302
201805 0.509 106.148 0.628
201808 0.088 106.383 0.108
201811 0.585 106.338 0.720
201902 0.256 106.649 0.314
201905 0.952 108.048 1.154
201908 0.518 108.245 0.627
201911 1.062 108.519 1.281
202002 0.488 109.139 0.585
202005 0.273 108.175 0.330
202008 1.499 109.662 1.790
202011 1.222 109.793 1.457
202102 0.376 110.968 0.444
202105 0.758 113.576 0.874
202108 -0.901 115.421 -1.022
202111 -0.391 117.269 -0.437
202202 -0.228 119.703 -0.249
202205 0.214 123.323 0.227
202208 -1.062 124.958 -1.113
202211 0.472 125.607 0.492
202302 0.680 126.928 0.701
202305 0.845 128.314 0.862
202308 1.344 129.538 1.358
202311 0.778 129.548 0.786
202402 0.549 130.930 0.549

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


MillerKnoll  (FRA:MHR) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


MillerKnoll Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of MillerKnoll's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


MillerKnoll (FRA:MHR) Business Description

Traded in Other Exchanges
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 & Specialty International & Specialty 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.

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