Miller Industries, Inc (MLR) Fair Value & Analysis

Consumer Cyclical · US · Market cap $567M

A solid business, but screening 22% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case ($53.01). The favourable scenario is already priced in.
• Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $19.90 – $74.54 · fair‑value band $31.81 – $53.01 · the $54.54 price screens above the $42.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

Miller Industries, Inc (MLR) currently trades at $54.54, while our model-based Fair Value estimate is $42.41, implying the stock looks roughly 22.2% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Miller Industries, Inc generated revenue of $745M at a net margin of 2.1%. Revenue declined 19.8% year over year. It earns a return on equity of 3.8%. The balance sheet holds a net cash position of $11.1M. Fundamentals as of Jul 17, 2026

Our scenario range runs from $31.81 (bear case) to $53.01 (bull case); at $54.54, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 64% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -22%, MLR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models ($71.53) versus Dividend Discount ($10.04). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. It provides wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other …

Full company description

Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. It provides wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment. The company also offers transport trailers for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other similar operations. It markets its products under the Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle brand names. The company sells its products through independent distributors in North America, and Canada, Mexico; and through prime contractors to governmental entities. Miller Industries, Inc. was founded in 1990 and is headquartered in Ooltewah, Tennessee.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Miller Industries, Inc reported revenue of $790M in FY2025 versus $717M in FY2021, a compound +2.4%/yr. Reported net income was $23.0M in FY2025, compounding +9.1%/yr from FY2021.

MLR screens 22% overvalued. Compare with Hyundai Mobis Co →

Peer Group

Auto Parts · 642 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Auto Parts median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.