HNI Corporation (HNI) Valuation — DCF, Graham & Comparables

HNI Corporation (HNI) — Price $49.69 (intraday price, November 2, 2026) — Consumer Cyclical — Furnishings, Fixtures & Appliances — NYSE

Latest reported results:

Valuation dashboard for HNI Corporation (HNI) with P/E N/A, P/B 1.98, EV/EBITDA 15.6 and dividend yield 2.78%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Consumer Cyclical companies.

Established in 1944 and headquartered in Muscatine, Iowa, HNI Corporation specializes in the production and distribution of office furnishings and residential heating goods, primarily across the United States. The company's operations are divided into two distinct segments. The Workplace Furnishings segment provides a comprehensive array of furniture for commercial and home offices.

What would it be worth at its usual multiples?

No valuation verdict: its earnings are in a dip and too few analysts cover it to know what normal earnings are.

Note: earnings per share over the last twelve months ($0.09) are far from the consensus for 2027 ($4.22); that is why this range uses expected earnings.

Analysis Summary

HNI Corporation reported revenue of $2.84B in the most recent fiscal year, growing at a 5-year CAGR of 7.7%. Net income reached $54.2M, with a 5.3% 5-year CAGR.

Trailing-twelve-month margins: gross margin 40.0%, operating margin 5.5%, net margin 0.1%.

At $49.69 (intraday price, November 2, 2026), HNI trades at a P/E of 552.11 and an ROE of 0.28%. Market capitalisation stands at $3.6B.

Balance sheet quality for HNI: debt-to-equity ratio of 0.93, current ratio of 1.36 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio552.11
Price / Book1.98
EV / EBITDA15.6
Dividend Yield2.78%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
HNIHNI Corporation$3.6B552.111.980.3%
DXPEDXP Enterprises, Inc.$2.7B30.795.0018.3%
CECOCECO Environmental Corp.$3.4B1.20-3.6%
ZIMZIM Integrated Shipping Services Ltd.$3.4B24.440.883.5%
CMBTCmb.Tech N.V.$5.0B6.011.6330.0%
VVXV2X, Inc.$2.6B26.502.238.8%
PBIPitney Bowes Inc.$2.2B12.69-22.1%

Price

Price$49.69 (intraday price, November 2, 2026)
Market Cap$3.6B
ExchangeNYSE
CountryUS

Profitability

Return on Equity0.28%
Return on Invested Capital1.04%
Return on Assets0.09%
Gross Margin40.01%
Operating Margin5.46%
Net Margin0.10%

Related companies: DXPE · CECO · ZIM · CMBT · VVX · PBI

Explore sector: Consumer Cyclical · Furnishings, Fixtures & Appliances

More sections of HNI: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks