# Miller Industries Inc. (MLR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Auto Components. Price $56.06, market value $636 million.

## Valuation
- **P/E (trailing): 45.2×** (5-yr avg 14.8×, 3-yr avg 12.8×). Miller Industries Inc. trades at 45.2× trailing earnings, well above its own five-year average of 14.8×: investors are paying up relative to the company's past. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 20.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.5×**. The shares trade at 1.5× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 17.7%** (5-yr avg 0.9%). Free cash flow equals 17.7% of the market value, above its five-year average of 0.9%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 2.2%**. The inverse of the P/E: 2.2% of the price is earned each year.

## Profitability
- **Gross margin: 14.7%**. Miller Industries Inc. keeps 14.7% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Net margin: 2.9%**. 2.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.5%**. 5.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 2.4%**. Each dollar of assets produces 2.4% of profit.

## Growth
- **Revenue growth (1 yr): -37.2%** (3-yr -2.3%/yr, 5-yr 3.9%/yr). Revenue fell 37.2% over the last year, against 3.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -63.8%** (3-yr 3.6%/yr, 5-yr -5.4%/yr). Earnings per share fell 63.8%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.08**. Debt is 0.08 times equity: a conservative balance sheet.
- **Current ratio: 3.22** (quick 3.22). Current assets cover the next year's liabilities 3.22 times.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.50%** ($0.82 per share, trailing). Miller Industries Inc. yields 1.50%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 40%** (8% of free cash flow). 40% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 16**. 16 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 2.1%/yr** (1-yr 5.3%). The dividend has grown 2.1% a year over five years.

## Price and momentum
- **Total return (1 yr): 36.7%** (YTD 51.4%, 3-mo 18.1%). The shares are up 36.7% over twelve months including dividends.
- **From 52-week high: -6.1%** (56.9% above the low). Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 57**. An RSI of 57 is neutral.
- **Beta (1 yr): 0.67** (volatility 29%). Beta of 0.67 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MLR · Page: https://foliofundamentals.com/stocks/mlr

Not investment advice.