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MillerKnoll (FRA:MHR) Cyclically Adjusted PS Ratio : 0.55 (As of Jun. 04, 2024)


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What is MillerKnoll Cyclically Adjusted PS Ratio?

As of today (2024-06-04), MillerKnoll's current share price is €25.40. MillerKnoll's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was €46.21. MillerKnoll's Cyclically Adjusted PS Ratio for today is 0.55.

The historical rank and industry rank for MillerKnoll's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:MHR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.94   Max: 1.32
Current: 0.55

During the past years, MillerKnoll's highest Cyclically Adjusted PS Ratio was 1.32. The lowest was 0.29. And the median was 0.94.

FRA:MHR's Cyclically Adjusted PS Ratio is ranked better than
63.81% of 315 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.84 vs FRA:MHR: 0.55

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

MillerKnoll's adjusted revenue per share data for the three months ended in Feb. 2024 was €10.906. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €46.21 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MillerKnoll Cyclically Adjusted PS Ratio Historical Data

The historical data trend for MillerKnoll's Cyclically Adjusted PS Ratio 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 PS Ratio Chart

MillerKnoll Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.61 1.18 0.66 0.28

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 PS Ratio 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 0.49 0.28 0.38 0.52 0.60

Competitive Comparison of MillerKnoll's Cyclically Adjusted PS Ratio

For the Furnishings, Fixtures & Appliances subindustry, MillerKnoll's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 PS Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where MillerKnoll's Cyclically Adjusted PS Ratio falls into.



MillerKnoll Cyclically Adjusted PS Ratio Calculation

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

MillerKnoll's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.40/46.21
=0.55

* 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 Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=10.906/130.9299*130.9299
=10.906

Current CPI (Feb. 2024) = 130.9299.

MillerKnoll Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 5.999 100.373 7.825
201408 6.389 100.352 8.336
201411 7.554 99.635 9.927
201502 7.570 99.032 10.008
201505 8.146 100.333 10.630
201508 8.430 100.548 10.977
201511 8.954 100.135 11.708
201602 8.005 100.040 10.477
201605 8.457 101.355 10.925
201608 8.820 101.617 11.364
201611 8.870 101.829 11.405
201702 8.163 102.779 10.399
201705 8.570 103.256 10.867
201708 8.147 103.587 10.297
201711 8.547 104.072 10.753
201802 7.762 105.052 9.674
201805 8.696 106.148 10.726
201808 9.035 106.383 11.120
201811 9.661 106.338 11.895
201902 9.223 106.649 11.323
201905 10.136 108.048 12.283
201908 10.183 108.245 12.317
201911 10.272 108.519 12.393
202002 10.308 109.139 12.366
202005 7.424 108.175 8.986
202008 8.983 109.662 10.725
202011 8.940 109.793 10.661
202102 8.193 110.968 9.667
202105 8.536 113.576 9.840
202108 10.124 115.421 11.484
202111 11.939 117.269 13.330
202202 11.854 119.703 12.966
202205 13.776 123.323 14.626
202208 13.961 124.958 14.628
202211 13.794 125.607 14.379
202302 12.091 126.928 12.472
202305 11.583 128.314 11.819
202308 11.115 129.538 11.234
202311 11.818 129.548 11.944
202402 10.906 130.930 10.906

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


MillerKnoll Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of MillerKnoll's Cyclically Adjusted PS Ratio 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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