Herman Miller Inc
MillerKnoll, Inc. researches, designs, manufactures, sells, and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Global Retail segments. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, … Read more
Herman Miller Inc (MHR) - Net Assets
Latest net assets as of November 2025: €1.36 Billion EUR
Based on the latest financial reports, Herman Miller Inc (MHR) has net assets worth €1.36 Billion EUR as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.95 Billion) and total liabilities (€2.58 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.36 Billion |
| % of Total Assets | 34.53% |
| Annual Growth Rate | 12.32% |
| 5-Year Change | 57.14% |
| 10-Year Change | 154.45% |
| Growth Volatility | 24.34 |
Herman Miller Inc - Net Assets Trend (2014–2025)
This chart illustrates how Herman Miller Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Herman Miller Inc (2014–2025)
The table below shows the annual net assets of Herman Miller Inc from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | €1.34 Billion | -8.49% |
| 2024-05-31 | €1.46 Billion | -5.27% |
| 2023-05-31 | €1.54 Billion | +0.40% |
| 2022-05-31 | €1.53 Billion | +80.56% |
| 2021-05-31 | €849.60 Million | +32.13% |
| 2020-05-31 | €643.00 Million | -10.60% |
| 2019-05-31 | €719.20 Million | +8.18% |
| 2018-05-31 | €664.80 Million | +13.12% |
| 2017-05-31 | €587.70 Million | +12.01% |
| 2016-05-31 | €524.70 Million | +16.42% |
| 2015-05-31 | €450.70 Million | +21.12% |
| 2014-05-31 | €372.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Herman Miller Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 139.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €665.10 Million | 52.13% |
| Other Components | €610.70 Million | 47.87% |
| Total Equity | €1.28 Billion | 100.00% |
Herman Miller Inc Competitors by Market Cap
The table below lists competitors of Herman Miller Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nurix Therapeutics Inc
NASDAQ:NRIX
|
$1.11 Billion |
|
S.ENER.ELEC.SP.GDR REGS 1
F:ECEA
|
$1.11 Billion |
|
Fangda Special Steel Technology Co Ltd
SHG:600507
|
$1.11 Billion |
|
Israel Corporation Ltd
OTCGREY:IRLCF
|
$1.11 Billion |
|
Xinjiang Tianfu Energy Co Ltd
SHG:600509
|
$1.11 Billion |
|
Ichor Holdings Ltd
NASDAQ:ICHR
|
$1.11 Billion |
|
Shuangliang Eco-Energy Systems Co Ltd
SHG:600481
|
$1.11 Billion |
|
Parade Technologies Ltd
TWO:4966
|
$1.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Herman Miller Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,385,100,000 to 1,275,800,000, a change of -109,300,000 (-7.9%).
- Net loss of 36,900,000 reduced equity.
- Dividend payments of 51,700,000 reduced retained earnings.
- Share repurchases of 84,900,000 reduced equity.
- New share issuances of 6,000,000 increased equity.
- Other factors increased equity by 58,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-36.90 Million | -2.89% |
| Dividends Paid | €51.70 Million | -4.05% |
| Share Repurchases | €84.90 Million | -6.65% |
| Share Issuances | €6.00 Million | +0.47% |
| Other Changes | €58.20 Million | +4.56% |
| Total Change | €- | -7.89% |
Book Value vs Market Value Analysis
This analysis compares Herman Miller Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.85x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.64x to 0.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-05-31 | €9.84 | €16.10 | x |
| 2018-05-31 | €11.22 | €16.10 | x |
| 2019-05-31 | €12.23 | €16.10 | x |
| 2020-05-31 | €10.94 | €16.10 | x |
| 2021-05-31 | €14.39 | €16.10 | x |
| 2022-05-31 | €18.83 | €16.10 | x |
| 2023-05-31 | €18.93 | €16.10 | x |
| 2024-05-31 | €19.68 | €16.10 | x |
| 2025-05-31 | €18.83 | €16.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Herman Miller Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.01%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 3.10x
- Recent ROE (-2.89%) is below the historical average (10.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -5.94% | -1.17% | 1.90x | 2.66x | €-59.31 Million |
| 2015 | 23.23% | 4.55% | 1.80x | 2.84x | €55.52 Million |
| 2016 | 26.07% | 6.04% | 1.83x | 2.36x | €84.26 Million |
| 2017 | 21.09% | 5.44% | 1.74x | 2.22x | €65.15 Million |
| 2018 | 19.27% | 5.38% | 1.61x | 2.23x | €61.64 Million |
| 2019 | 22.32% | 6.25% | 1.64x | 2.18x | €88.58 Million |
| 2020 | -1.42% | -0.37% | 1.21x | 3.19x | €-73.40 Million |
| 2021 | 20.37% | 7.02% | 1.20x | 2.43x | €88.14 Million |
| 2022 | -1.90% | -0.69% | 0.88x | 3.16x | €-169.81 Million |
| 2023 | 2.94% | 1.03% | 0.96x | 2.98x | €-101.16 Million |
| 2024 | 5.94% | 2.27% | 0.90x | 2.92x | €-56.21 Million |
| 2025 | -2.89% | -1.01% | 0.93x | 3.10x | €-164.48 Million |
Industry Comparison
This section compares Herman Miller Inc's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $978,649,001
- Average return on equity (ROE) among peers: -31.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Herman Miller Inc (MHR) | €1.36 Billion | -5.94% | 1.90x | $1.11 Billion |
| Elica S.p.A (7L4) | $139.58 Million | 5.64% | 1.87x | $14.64 Million |
| Man Wah Holdings Limited (AAM) | $6.72 Billion | 20.31% | 0.96x | $703.07 Million |
| A.S. Création Tapeten AG (ACWN) | $65.87 Million | -9.14% | 0.59x | $6.42 Million |
| Nobia AB (publ) (NI8) | $947.00 Million | -343.51% | 8.54x | $79.90 Million |
| Dexelance S.p.A. (QZ2) | $154.38 Million | 18.14% | 2.08x | $21.39 Million |
| Samson Holding Ltd (S9K) | $327.42 Million | -14.85% | 0.95x | $46.41 Million |
| Sabaf S.p.A (SM5) | $110.74 Million | 7.53% | 0.57x | $99.29 Million |
| Surteco Group SE (SUR) | $334.90 Million | 5.28% | 0.96x | $103.45 Million |
| Vilniaus Baldai AB (UE3) | $11.89 Million | 27.25% | 1.28x | $25.04 Million |