Stocktoria

MILLER INDUSTRIES INC /TN/ MLR

NYSE · stock · Truck & Bus Bodies · website · IPO 1994-08-02

MILLER INDUSTRIES INC /TN/ statistics & valuation

Market cap$603.2M
P / E26.2×
P / S0.8×
P / B1.4×
P / FCF7.1×
Dividend yield1.52%
Net margin2.9%
Return on equity5.5%
FCF margin10.8%
Net debt$31.1M
Enterprise value USD$634.2M
Graham number -29%$40.16

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($40.16); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.30% 3.70% 4.70% 4.80% 4.60% 2.30% 2.40% 5.10% 5.00% 2.90% 2016201720182019202020212022202320242025
Gross margin (%)
10.70% 10.90% 11.70% 11.80% 12.00% 9.70% 9.70% 13.20% 13.60% 15.20% 2016201720182019202020212022202320242025
Operating margin (%)
5.30% 5.10% 2016201720182019202020212022202320242025
Return on equity (%)
10.80% 11.30% 14.80% 15.20% 10.70% 5.70% 6.90% 16.80% 15.80% 5.50% 2016201720182019202020212022202320242025
Shares outstanding
11.4M 11.4M 11.4M 11.4M 11.4M 11.4M 11.4M 11.5M 11.6M 11.6M 2016201720182019202020212022202320242025
Net debt ($)
-$11.6M $5.0M $45.0M $60.0M $65.0M $31.1M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
6.70% 7.30% 9.20% 10.00% 7.50% 3.70% 4.10% 9.00% 9.50% 3.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-0.70% -1.70% 1.20% 2.20% 6.60% 0.90% -5.70% -0.10% 0.10% 10.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.07× 0.02× 0.15× 0.17× 0.16× 0.07× 2016201720182019202020212022202320242025
EPS ($)
$1.75 $2.02 $2.96 $3.43 $2.62 $1.42 $1.78 $5.07 $5.47 $1.98 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MILLER INDUSTRIES INC /TN/ trades at about 28.6× earnings — above its 10-year norm (10-year range 7.9×–22.2×, median 15.1×).

7.9× 28.6×

Shaded band = 10-year range (7.9×–22.2×); dot = today's 28.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin15.2%13.6%13.2%9.7%9.7%12.0%11.8%11.7%10.9%10.7%
Operating margin————————5.1%5.3%
Net margin2.9%5.0%5.1%2.4%2.3%4.6%4.8%4.7%3.7%3.3%
FCF margin10.8%0.1%-0.1%-5.7%0.9%6.6%2.2%1.2%-1.7%-0.7%
Return on assets3.9%9.5%9.0%4.1%3.7%7.5%10.0%9.2%7.3%6.7%
Return on equity5.5%15.8%16.8%6.9%5.7%10.7%15.2%14.8%11.3%10.8%
Debt / equity0.07×0.16×0.17×0.15×——0.02×0.07×——
Current ratio3.222.682.172.412.242.592.312.212.242.13

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.