Miller Industries, Inc. (MLR) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Auto - Parts
EV/EBITDA
↓
11.52
↑+44% vs avg
5yr avg: 7.98
30Y Low2.1·High36.7
P/FCF
↓
6.38
↓-97% vs avg
5yr avg: 188.98
30Y Low1.6·High62.3
P/B Ratio
↓
1.32
-2% vs avg
5yr avg: 1.34
30Y Low0.3·High3.6
ROE
↓
5.6%
↑-48% vs avg
5yr avg: 10.7%
30Y Low-73%·High51%
Debt/EBITDA
↑
0.73
+14% vs avg
5yr avg: 0.64
30Y Low0.0·High6.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MLR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Miller Industries, Inc. trades at 24.1x earnings, 55% above its 5-year average of 15.5x, sitting at the 85th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.4x, the stock trades at a premium of 24%. On a free-cash-flow basis, the stock trades at 6.4x P/FCF, 97% below the 5-year average of 189.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $542M | $434M | $758M | $487M | $304M | $381M | $434M | $423M | $308M | $294M | $301M |
| Enterprise Value | $531M | $423M | $800M | $518M | $310M | $328M | $378M | $404M | $296M | $282M | $275M |
| P/E Ratio → | 24.07 | 18.87 | 11.95 | 8.34 | 14.98 | 23.52 | 14.51 | 10.83 | 9.12 | 12.77 | 15.11 |
| P/S Ratio | 0.69 | 0.55 | 0.60 | 0.42 | 0.36 | 0.53 | 0.67 | 0.52 | 0.43 | 0.48 | 0.50 |
| P/B Ratio | 1.32 | 1.03 | 1.89 | 1.40 | 1.04 | 1.34 | 1.54 | 1.64 | 1.35 | 1.45 | 1.63 |
| P/FCF | 6.38 | 5.11 | 499.54 | — | — | 62.30 | 10.04 | 23.86 | 35.96 | — | — |
| P/OCF | 5.49 | 4.40 | 44.95 | 44.39 | — | 24.96 | 7.14 | 12.05 | 14.05 | 21.05 | 14.38 |
P/E links to full P/E history page with 30-year chart
MLR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Miller Industries, Inc.'s enterprise value stands at 11.5x EBITDA, 44% above its 5-year average of 8.0x. This is roughly in line with the Consumer Cyclical sector median of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.54 | 0.64 | 0.45 | 0.37 | 0.46 | 0.58 | 0.49 | 0.42 | 0.46 | 0.46 |
| EV / EBITDA | 11.52 | 9.18 | 8.11 | 5.62 | 7.50 | 9.47 | 7.13 | 6.50 | 5.75 | 7.49 | 7.47 |
| EV / EBIT | 16.90 | 13.47 | 9.51 | 6.49 | 10.65 | 14.19 | 9.61 | 7.66 | 6.81 | 8.85 | 8.52 |
| EV / FCF | — | 4.98 | 526.69 | — | — | 53.62 | 8.74 | 22.79 | 34.65 | — | — |
MLR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Miller Industries, Inc. earns an operating margin of 4.0%, roughly in line with the Consumer Cyclical sector average. Operating margins have compressed from 6.8% to 4.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 5.6% is modest, trailing the sector median of 5.7%. ROIC of 5.5% represents adequate returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.2% | 15.2% | 13.6% | 13.2% | 9.7% | 9.7% | 12.8% | 11.8% | 11.7% | 10.9% | 10.7% |
| Operating Margin | 4.0% | 4.0% | 6.7% | 6.8% | 3.5% | 3.3% | 6.7% | 6.5% | 6.2% | 5.1% | 5.3% |
| Net Profit Margin | 2.9% | 2.9% | 5.0% | 5.1% | 2.4% | 2.3% | 4.6% | 4.8% | 4.7% | 3.7% | 3.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.6% | 5.6% | 17.0% | 18.2% | 7.0% | 5.7% | 11.0% | 16.1% | 15.7% | 11.9% | 11.1% |
| ROA | 3.7% | 3.7% | 9.7% | 10.1% | 4.3% | 3.9% | 7.5% | 10.3% | 9.8% | 7.5% | 7.0% |
| ROIC | 5.5% | 5.5% | 15.4% | 17.4% | 8.4% | 7.7% | 14.0% | 17.5% | 16.1% | 13.5% | 16.3% |
| ROCE | 6.8% | 6.8% | 19.2% | 20.8% | 9.3% | 8.2% | 15.6% | 20.7% | 19.0% | 15.5% | 17.5% |
MLR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Miller Industries, Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (83% below the sector average of 4.4x). The company holds a net cash position — cash of $45M exceeds total debt of $34M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 47.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.08 | 0.08 | 0.16 | 0.17 | 0.16 | 0.00 | 0.01 | 0.03 | 0.07 | 0.05 | 0.03 |
| Debt / EBITDA | 0.73 | 0.73 | 0.67 | 0.66 | 1.11 | 0.04 | 0.03 | 0.11 | 0.31 | 0.28 | 0.14 |
| Net Debt / Equity | — | -0.03 | 0.10 | 0.09 | 0.02 | -0.19 | -0.20 | -0.07 | -0.05 | -0.06 | -0.14 |
| Net Debt / EBITDA | -0.24 | -0.24 | 0.42 | 0.34 | 0.14 | -1.53 | -1.06 | -0.31 | -0.22 | -0.30 | -0.71 |
| Debt / FCF | — | -0.13 | 27.15 | — | — | -8.68 | -1.30 | -1.07 | -1.31 | — | — |
| Interest Coverage | 47.59 | 47.59 | 21.40 | 13.35 | 8.62 | 17.06 | 32.36 | 22.19 | 23.18 | 20.11 | 27.77 |
Net cash position: cash ($45M) exceeds total debt ($34M)
MLR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Miller Industries, Inc.'s current ratio of 3.22x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.87x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.17x to 3.22x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.22 | 3.22 | 2.68 | 2.17 | 2.41 | 2.24 | 2.59 | 2.31 | 2.21 | 2.24 | 2.13 |
| Quick Ratio | 1.87 | 1.87 | 1.74 | 1.37 | 1.42 | 1.46 | 1.83 | 1.61 | 1.45 | 1.56 | 1.53 |
| Cash Ratio | 0.33 | 0.33 | 0.12 | 0.13 | 0.26 | 0.37 | 0.52 | 0.21 | 0.22 | 0.22 | 0.29 |
| Asset Turnover | — | 1.34 | 1.89 | 1.78 | 1.69 | 1.64 | 1.63 | 2.09 | 1.93 | 1.94 | 2.02 |
| Inventory Turnover | 3.64 | 3.64 | 5.84 | 5.28 | 4.99 | 5.64 | 6.77 | 8.20 | 6.70 | 7.99 | 8.37 |
| Days Sales Outstanding | — | 91.57 | 90.97 | 90.55 | 76.43 | 78.33 | 79.38 | 75.22 | 76.49 | 78.74 | 76.13 |
MLR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Miller Industries, Inc. returns 2.8% to shareholders annually — split between a 1.7% dividend yield and 1.1% buyback yield. The payout ratio of 39.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.7% | 2.1% | 1.2% | 1.7% | 2.7% | 2.2% | 1.9% | 1.9% | 2.7% | 2.8% | 2.6% |
| Payout Ratio | 39.8% | 39.8% | 13.7% | 14.2% | 40.4% | 50.5% | 27.5% | 21.0% | 24.3% | 35.6% | 38.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.2% | 5.3% | 8.4% | 12.0% | 6.7% | 4.3% | 6.9% | 9.2% | 11.0% | 7.8% | 6.6% |
| FCF Yield | 15.7% | 19.6% | 0.2% | — | — | 1.6% | 10.0% | 4.2% | 2.8% | — | — |
| Buyback Yield | 1.1% | 1.4% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.8% | 3.5% | 1.5% | 1.7% | 2.7% | 2.2% | 1.9% | 1.9% | 2.7% | 2.8% | 2.6% |
| Shares Outstanding | — | $12M | $12M | $12M | $11M | $11M | $11M | $11M | $11M | $11M | $11M |
Peer Comparison
Compare MLR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MLRYou | $542M | 24.1 | 11.5 | 6.4 | 15.2% | 4.0% | 5.6% | 5.5% | 0.7 |
 WRLD | $753M | 9.2 | 7.5 | 3.0 | 70.0% | 28.1% | 20.8% | 12.1% | 3.1 |
 DORM | $4B | 18.8 | 10.4 | 49.2 | 41.1% | 16.8% | 14.7% | 13.9% | 1.5 |
 REVG | $3B | 33.8 | 14.4 | 16.4 | 15.0% | 7.8% | 22.4% | 29.9% | 0.3 |
 ASTE | $1B | 31.5 | 14.4 | 56.5 | 26.5% | 4.6% | 5.9% | 6.2% | 3.1 |
 HLIO | $2B | 46.9 | 17.7 | 21.7 | 32.3% | 7.9% | 5.4% | 4.4% | 0.9 |
 ELVA | $483M | 119.9 | 70.6 | — | 30.6% | 8.7% | 16.9% | 10.9% | 3.2 |
 VSCO | $4B | 23.3 | 11.1 | 15.4 | 36.7% | 5.0% | 29.9% | 7.7% | 4.8 |
 OSUR | $225M | -3.3 | — | — | 41.9% | -59.2% | -18.3% | -20.0% | — |
 STLD | $34B | 29.2 | 18.3 | 67.3 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
 NUE | $52B | 30.1 | 13.7 | — | 11.9% | 8.2% | 8.0% | 7.7% | 1.7 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonMLR — Frequently Asked Questions
Quick answers to the most common questions about buying MLR stock.
What is Miller Industries, Inc.'s P/E ratio?
Miller Industries, Inc.'s current P/E ratio is 24.1x. The historical average is 20.6x. This places it at the 85th percentile of its historical range.
What is Miller Industries, Inc.'s EV/EBITDA?
Miller Industries, Inc.'s current EV/EBITDA is 11.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.4x.
What is Miller Industries, Inc.'s ROE?
Miller Industries, Inc.'s return on equity (ROE) is 5.6%. The historical average is 4.6%.
Is MLR stock overvalued?
Based on historical data, Miller Industries, Inc. is trading at a P/E of 24.1x. This is at the 85th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Miller Industries, Inc.'s dividend yield?
Miller Industries, Inc.'s current dividend yield is 1.65% with a payout ratio of 39.8%.
What are Miller Industries, Inc.'s profit margins?
Miller Industries, Inc. has 15.2% gross margin and 4.0% operating margin.
How much debt does Miller Industries, Inc. have?
Miller Industries, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.