Start with its own history
At 13.88×, HNI is 43.8% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · HNIFurnishings, Fixtures & AppliancesUpdated Nov 5, 2026
HNI Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
13.88×
43.8% belowthe 10-year annual average
Share price49.14
÷Earnings per share3.54
Price and EPS in quote currency. Calculation details
Investors are paying 13.88 for every 1 of reported earnings per share.
P/E over time
2016 – 2026
Annual P/ESelected-period average 24.68×
3-year average30.89×3 positive annual observations
5-year average26.54×5 positive annual observations
10-year average24.68×10 positive annual observations
Peer median · TTM24.44×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jan 3, 2026 | 37.68× | +117.8% |
| Dec 28, 2024 | 17.30× | -54.1% |
| Dec 30, 2023 | 37.68× | +293.7% |
| Dec 31, 2022 | 9.57× | -68.6% |
| Jan 1, 2022 | 30.47× | -13.3% |
| Jan 2, 2021 | 35.16× | +140.3% |
| Dec 31, 2019 | 14.63× | -11.6% |
| Dec 31, 2018 | 16.56× | -12.0% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 18.81× | -35.1% |
| Dec 31, 2016 | 28.97× | +91.2% |
| Dec 31, 2015 | 15.15× | -59.3% |
| Dec 31, 2014 | 37.27× | +35.3% |
| Dec 31, 2013 | 27.54× | -1.1% |
| Dec 31, 2012 | 27.83× | +9.8% |
| Dec 31, 2011 | 25.34× | -51.3% |
| Dec 31, 2010 | 52.00× | N/M |
| Dec 31, 2009 | N/M | N/M |
| Dec 31, 2008 | 15.38× | +13.2% |
| Dec 31, 2007 | 13.59× | -24.7% |
| Dec 31, 2006 | 18.05× | -17.5% |
| Dec 31, 2005 | 21.88× | +1.2% |
| Dec 31, 2004 | 21.63× | -15.6% |
| Dec 31, 2003 | 25.63× | +40.5% |
| Dec 31, 2002 | 18.25× | -16.9% |
| Dec 31, 2001 | 21.94× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How HNI compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 HNI This stockHNI Corporation | 13.88× |
 SCSSteelcase Inc. | 39.37× |
 ROCKGibraltar Industries, Inc. | N/M |
 PBIPitney Bowes Inc. | 12.32× |
 VVXV2X, Inc. | 24.44× |
 CMBTCmb.Tech N.V. | 5.92× |
 DXPEDXP Enterprises, Inc. | 26.53× |
 ZIMZIM Integrated Shipping Services Ltd. | 24.49× |
 MVSTMicrovast Holdings, Inc. | 4.12× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does HNI’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 24.44×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take HNI into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("HNI", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 49.14 ÷ EPS 3.54 = 13.88×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
HNI P/E ratio: common questions
The essentials behind the numbers.
HNI Corporation's current P/E is 13.88× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.