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MillerKnoll (MillerKnoll) Cyclically Adjusted Price-to-FCF : 11.79 (As of May. 21, 2024)


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What is MillerKnoll Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), MillerKnoll's current share price is $27.58. MillerKnoll's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was $2.34. MillerKnoll's Cyclically Adjusted Price-to-FCF for today is 11.79.

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

MLKN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.95   Med: 18.98   Max: 29.58
Current: 11.73

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.

MLKN's Cyclically Adjusted Price-to-FCF is ranked better than
67.03% of 182 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 18.41 vs MLKN: 11.73

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 $0.592. 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 $2.34 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
=27.58/2.34
=11.79

* 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)
=0.592/130.9299*130.9299
=0.592

Current CPI (Feb. 2024) = 130.9299.

MillerKnoll Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.522 100.373 0.681
201408 0.564 100.352 0.736
201411 0.337 99.635 0.443
201502 0.210 99.032 0.278
201505 0.620 100.333 0.809
201508 0.277 100.548 0.361
201511 0.353 100.135 0.462
201602 0.541 100.040 0.708
201605 0.897 101.355 1.159
201608 0.134 101.617 0.173
201611 0.656 101.829 0.843
201702 0.065 102.779 0.083
201705 1.037 103.256 1.315
201708 -0.099 103.587 -0.125
201711 0.791 104.072 0.995
201802 0.298 105.052 0.371
201805 0.602 106.148 0.743
201808 0.102 106.383 0.126
201811 0.665 106.338 0.819
201902 0.291 106.649 0.357
201905 1.065 108.048 1.291
201908 0.576 108.245 0.697
201911 1.173 108.519 1.415
202002 0.532 109.139 0.638
202005 0.298 108.175 0.361
202008 1.774 109.662 2.118
202011 1.444 109.793 1.722
202102 0.455 110.968 0.537
202105 0.921 113.576 1.062
202108 -1.060 115.421 -1.202
202111 -0.446 117.269 -0.498
202202 -0.259 119.703 -0.283
202205 0.226 123.323 0.240
202208 -1.076 124.958 -1.127
202211 0.481 125.607 0.501
202302 0.728 126.928 0.751
202305 0.919 128.314 0.938
202308 1.466 129.538 1.482
202311 0.842 129.548 0.851
202402 0.592 130.930 0.592

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  (NAS:MLKN) 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 (MillerKnoll) 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.
Executives
Jeffrey M Stutz officer: TreasVPInvst Relatn 855 EAST MAIN, ZEELAND MI 49464
Mike C. Smith director STITCH FIX, INC., ONE MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Michael A Volkema director
Michael R Smith director 18 LOVETON CIRCLE, SPARKS MD 21152
Lisa A Kro director 3700 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402
Megan Lyon other: Chief Strategy Officer 855 EAST MAIN, ZEELAND MI 49464
Andi Owen officer: President & CEO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Richard Scott other: Chief Mfg and Ops Officer 855 EAST MAIN, ZEELAND MI 49464
Bruce Benedict Watson other: Executive Creative Director 855 EAST MAIN, ZEELAND MI 49464
Kartik Shethia other: President - Intl Contract 855 EAST MAIN AVE, ZEELAND MI 49464
Jeffrey L. Kurburski other: VP Information Tech 855 EAST MAIN, ZEELAND MI 49464
Christopher M Baldwin other: Group President, MillerKnoll C/O KNOLL INC, 1235 WATER STREET, EAST GREENVILLE PA 18041
Jennifer K. Nicol other: Chief People Officer 855 EAST MAIN AVE, ZEELAND MI 49464
John P Michael officer: President, N America Contract 855 EAST MAIN, ZEELAND MI 49464
Debbie F Propst officer: President - HM Consumer 855 EAST MAIN, ZEELAND MI 49464