Hni Corp (HNI)

Office Furniture (No Wood)

Latest Price

$47.91

TTM P/E

Normalized P/E

27.19

TTM Div Yield

2.86%

Fwd Div Yield

2.86%

Book Value

25.01

P/B Ratio

1.92

Valuation metrics

EPS: $1.11

Book value / share: $25.74

Formula: √(22.5 × EPS × BVPS)

Graham Number

$25.36

47% downside

Base FCF: $174M (median of recent 5yr)

Growth: 13%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$61.46

+29% upside

EPS: $1.11

Target P/E: 27×

Formula: EPS × P/E

P/E Fair Value

$29.97

37% downside

86.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	10.68M	$431.0M	14.82%	+339.1K	2026-06-30
FMR LLC	10.63M	$429.0M	14.75%	+2.80M	2026-06-30
Vanguard Portfolio Management LLC	4.78M	$193.0M	6.63%	+239.9K	2026-06-30
Vanguard Capital Management LLC	3.22M	$130.0M	4.46%	+183.3K	2026-06-30
State Farm Mutual Automobile Insurance Co	2.92M	$118.0M	4.06%	--	2026-06-30
State Street Corp	2.80M	$112.0M	3.88%	+111.5K	2026-06-30
Dimensional Fund Advisors LP	2.55M	$102.0M	3.53%	-422.9K	2026-06-30
Northern Trust Corp	2.35M	$94.0M	3.26%	+69.5K	2026-06-30
Geode Capital Management, LLC	1.88M	$75.0M	2.60%	+142.0K	2026-06-30
Fifth Third Bancorp	1.50M	$60.0M	2.08%	-78.3K	2026-06-30