NYSE: HNI · Furnishings, Fixtures & Appliances
HNI (HNI) fair value: undervalued or overvalued?
As of 26 Sep 2026, Faircurve's model values HNI (HNI) at $47.56 a share. The stock last closed at $46.82, which puts the model's fair value 1.6% above the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. HNI Corporation.
Faircurve Insights · 26 Sep 2026
HNI Corporation, established in 1944 and headquartered in Muscatine, Iowa, specializes in the production and distribution of office furnishings and residential heating goods, primarily across the United States.
On 26 Sep 2026, Faircurve's model gave a fair value of $47.56 a share, the midpoint of 2,000 simulations. The previous run on 19 Sep 2026 gave $46.23, so the fair value moved +2.9%. The calibrated range over 63 trading days is $39.90 to $57.99, built from the fair value since there is no live options data for the stock, calibrated weekly against realised prices (4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon. The model's evidence grade is Medium.
HNI Corporation scores 45 out of 100 on overall quality against comparable companies. The model compares it with Patrick Industries, Inc., Interface, Inc., Mohawk Industries, Inc., La-Z-Boy Incorporated, and Somnigroup International Inc. The stock moved around its last 8 earnings reports by a median size of 5.1%.
Written from the figures on this page for the 26 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give HNI?
The calibrated range for HNI over 63 trading days is $39.90 to $57.99. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $28.34 to $72.80. In 50% of the simulations the fair value came out above the price the model ran on.
How does HNI score on business quality?
HNI's overall quality score is 45 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 17 | 4.6%ROIC | 9.9% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 21 | -23.98xFCF / net income | 0.85x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 90 | 12.4%Revenue growth, trailing | 5.3% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 61 | 0.1%Net buybacks / market value | 0.4% |
| Balance sheetNet debt to EBITDA and interest coverage. | 22 | 4.74xNet debt / EBITDA | 2.74x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 96 | 1.1 ptsEBITDA margin downside volatility, 5y | 1.5 pts |
How does HNI compare with similar companies?
The companies in furnishings, fixtures & appliances closest to HNI in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| PATK Patrick Industries, Inc. | $67.16 | $57.01 | -15.1% | Overvalued |
| WHR Whirlpool Corporation | $30.31 | $19.83 | -34.6% | Low evidence grade |
| TILE Interface, Inc. | $34.89 | $36.65 | +5.0% | Fairly valued |
| MHK Mohawk Industries, Inc. | $126.41 | $146.98 | +16.3% | Undervalued |
| MLKN MillerKnoll, Inc. | $20.24 | $18.76 | -7.3% | Low evidence grade |
| LZB La-Z-Boy Incorporated | $29.94 | $31.66 | +5.7% | Fairly valued |
| MBC MasterBrand, Inc. | $7.02 | $6.28 | -10.5% | Low evidence grade |
| SGI Somnigroup International Inc | $61.97 | $64.78 | +4.5% | Fairly valued |
All furnishings, fixtures & appliances stocks ranked by gap to fair value
When does HNI report earnings, and how has the stock reacted?
HNI's next earnings report is scheduled for 3 Nov 2026. Companies can move their dates.
How HNI moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 5.1%.
| Report date | Two session move |
|---|---|
| 30 Jul 2026 | +5.2% |
| 6 May 2026 | -4.2% |
| 25 Feb 2026 | -6.2% |
| 28 Oct 2025 | -7.9% |
| 24 Jul 2025 | -0.3% |
| 7 May 2025 | +8.4% |
| 20 Feb 2025 | -5.0% |
| 29 Oct 2024 | -4.2% |
HNI at a glance
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.
- Market value
- $3.4B
- Sector
- Consumer Cyclical
- Industry
- Furnishings, Fixtures & Appliances
- Revenue expected, next twelve months
- $6.1B
- Consensus revenue growth, next fiscal year
- +110.8%
- Analysts with estimates
- 2
- Beta to the US market
- 0.74
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices HNI on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for HNI was $46.23. As of 26 Sep 2026 it is $47.56, a change of +2.9%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about HNI's valuation
Is HNI stock undervalued or overvalued?
On Faircurve's model, HNI reads as Fairly valued as of 26 Sep 2026. The model's fair value is $47.56 a share against a last close of $46.82, a gap of +1.6%.
What is HNI's fair value?
$47.56 a share as of 26 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $28.34 to $72.80.
What price range does the model give HNI?
$39.90 to $57.99 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does HNI report earnings next?
The next report is scheduled for 3 Nov 2026. Companies can move their dates.
How much has HNI moved on past earnings reports?
Across its last 8 reports the median two session move was 5.1%, ignoring direction. The largest was +8.4% around the report of 7 May 2025.
How confident is the model in this valuation?
The model's evidence grade for HNI is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.