Is Miller Industries, Inc. overvalued?

Miller Industries, Inc. (MLR) looks overvalued — trading about 64% above its fair value.

Overvalued

Price

$56.86

Fair value

$20.42

Current P/E

42.4

Normal P/E

15.2

Market cap

$648.0M

Dividend yield

1.5%

Return on equity

3.4%

Sector

Consumer Cyclical

Fair value compares MLR's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 11 Aug 2026.

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