HNI Valuation

Is HNI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HNI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HNI ($44.36) is trading below our estimate of fair value ($113.92)

Significantly Below Fair Value: HNI is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for HNI?

Other financial metrics that can be useful for relative valuation.

HNI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA9.7x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does HNI's PE Ratio compare to its peers?

The above table shows the PE ratio for HNI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21x
MLKN MillerKnoll
25.2x37.2%US$1.8b
SCS Steelcase
18x19.7%US$1.4b
TILE Interface
14.5x20.5%US$862.0m
MSA MSA Safety
26.3x8.9%US$7.0b
HNI HNI
32.1x32.4%US$2.1b

Price-To-Earnings vs Peers: HNI is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the peer average (21x).


Price to Earnings Ratio vs Industry

How does HNI's PE Ratio compare vs other companies in the US Commercial Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: HNI is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the US Commercial Services industry average (25.4x).


Price to Earnings Ratio vs Fair Ratio

What is HNI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HNI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.1x
Fair PE Ratio31.2x

Price-To-Earnings vs Fair Ratio: HNI is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the estimated Fair Price-To-Earnings Ratio (31.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HNI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$44.36
US$56.67
+27.7%
0.8%US$57.00US$56.00n/a3
Jun ’25US$47.05
US$56.67
+20.4%
0.8%US$57.00US$56.00n/a3
May ’25US$41.87
US$55.33
+32.2%
2.3%US$57.00US$54.00n/a3
Apr ’25US$44.11
US$52.33
+18.6%
3.9%US$55.00US$50.00n/a3
Mar ’25US$43.89
US$52.33
+19.2%
3.9%US$55.00US$50.00n/a3
Feb ’25US$41.48
US$48.00
+15.7%
5.9%US$50.00US$44.00n/a3
Jan ’25US$41.83
US$46.33
+10.8%
5.7%US$50.00US$44.00n/a3
Dec ’24US$39.69
US$46.33
+16.7%
5.7%US$50.00US$44.00n/a3
Nov ’24US$36.56
US$46.33
+26.7%
5.7%US$50.00US$44.00n/a3
Oct ’24US$34.63
US$41.67
+20.3%
8.2%US$45.00US$37.00n/a3
Sep ’24US$33.24
US$41.67
+25.4%
8.2%US$45.00US$37.00n/a3
Aug ’24US$28.95
US$35.00
+20.9%
2.3%US$36.00US$34.00n/a3
Jul ’24US$28.18
US$35.00
+24.2%
2.3%US$36.00US$34.00n/a3
Jun ’24US$25.62
US$35.00
+36.6%
2.3%US$36.00US$34.00US$47.053
May ’24US$25.98
US$35.33
+36.0%
2.7%US$36.00US$34.00US$41.873
Apr ’24US$27.84
US$35.33
+26.9%
2.7%US$36.00US$34.00US$44.113
Mar ’24US$31.37
US$34.00
+8.4%
8.3%US$36.00US$30.00US$43.893
Feb ’24US$31.85
US$35.33
+10.9%
12.7%US$41.00US$30.00US$41.483
Jan ’24US$28.43
US$35.33
+24.3%
12.7%US$41.00US$30.00US$41.833
Dec ’23US$29.34
US$35.33
+20.4%
12.7%US$41.00US$30.00US$39.693
Nov ’23US$28.94
US$35.33
+22.1%
12.7%US$41.00US$30.00US$36.563
Oct ’23US$26.51
US$40.33
+52.1%
5.1%US$43.00US$38.00US$34.633
Sep ’23US$31.39
US$40.33
+28.5%
5.1%US$43.00US$38.00US$33.243
Aug ’23US$34.95
US$47.33
+35.4%
20.9%US$61.00US$38.00US$28.953
Jul ’23US$34.56
US$53.67
+55.3%
9.8%US$61.00US$49.00US$28.183
Jun ’23US$37.99
US$53.67
+41.3%
9.8%US$61.00US$49.00US$25.623

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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