Miller IndustriesMLR +0.12%87 Cash Ratio is 0.37 as of Mar. 2026, which is 68% above its 10-year median of 0.22. GuruFocus rates MLR with a GF Score™ of 87/100 and a GF Value™ of $33.99 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,309 Vehicles & Parts companies, Miller Industries ranks better than 51.03% on this metric.
Miller Industries has a Cash Ratio of 0.37. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Miller Industries's Cash Ratio or its related term are showing as below:
MLR'
s Cash Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.22 Max: 0.52
Current: 0.37
During the past 13 years, Miller Industries's highest Cash Ratio was 0.52. The lowest was 0.08. And the median was 0.22.
MLR's Cash Ratio is ranked better than 51.03% of 1309
companies
in the Vehicles & Parts industry
Industry Median: 0.37
vs MLR: 0.37
Miller Industries (NYSE:MLR) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Miller Industries Cash Ratio Related Terms
Miller Industries Cash Ratio Historical Data
* Premium members only.
The historical data trend for Miller Industries's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Auto Parts subindustry, Miller Industries's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Miller Industries Cash Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Miller Industries's Cash Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Miller Industries (MLR) has a Cash Ratio of 0.37 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Miller Industries and its competitors. This is 68% above median its historical median of 0.22. Over the past decade, Miller Industries' Cash Ratio has ranged from 0.08 to 0.52. According to the industry distribution chart, Miller Industries ranks #641 out of 1309 companies in the Vehicles & Parts industry, placing it in the top 49%.
Is Miller Industries' Cash Ratio too high?
Miller Industries' current Cash Ratio of 0.37 is 68% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.52. The Vehicles & Parts industry median Cash Ratio is 0.37. Miller Industries' value of 0.37 is 0% at this industry median. Based on the distribution chart, Miller Industries ranks #641 out of 1309 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Miller Industries has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Miller Industries' Cash Ratio compare to SLDP and MNRO?
According to the Vehicles & Parts industry distribution chart, Miller Industries ranks #641 out of 1309 companies for Cash Ratio. This puts Miller Industries in the upper half of its industry. The industry median Cash Ratio is 0.37. Miller Industries' value of 0.37 is 0% at this benchmark. Historically, Miller Industries' own Cash Ratio has ranged from 0.08 to 0.52 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.37, Miller Industries has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Vehicles & Parts company?
The median Cash Ratio among Vehicles & Parts companies is 0.37, based on 1,309 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miller Industries's current Cash Ratio of 0.37 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Miller Industries and its competitors. For the Vehicles & Parts industry, the median Cash Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miller Industries's current Cash Ratio is 0.37, which is 68% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miller Industries stock overvalued right now?
Based on GuruFocus' analysis, Miller Industries (MLR) is currently considered Significantly Overvalued. The stock's GF Value™ is $33.99, compared to a current price of $49.05 — trading 44.3% above its estimated fair value. The current Cash Ratio is 0.37, which is 68% above median its 10-year median of 0.22 and 0% at the Vehicles & Parts industry median of 0.37. Miller Industries' overall GF Score™ is 87/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Miller Industries (MLR), the current Cash Ratio is 0.37 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Miller Industries (MLR) Overvalued in 2026?
Based on GuruFocus' analysis, Miller Industries stock appears to be overvalued.
The current stock price of $49.05 is trading 44.3% above its estimated GF Value™ of $33.99.
GuruFocus considers Miller Industries to be Significantly Overvalued.
Key valuation signals for MLR:
Cash Ratio: 0.37 (68% above median its 10-year median of 0.22)
GF Value™: $33.99 vs. price of $49.05 (44.3% above fair value)
Industry Position: 0% at the Vehicles & Parts median (#641 of 1309)
No single metric tells the full story. See the MLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Miller Industries Inc is a manufacturer of Towing and Recovery Equipment. The company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to customers. Its product lines include car carriers, light duty, heavy duty, rotators, special transport, military, wreckers, and transport trailers. It sells products under various brands including Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle.
87GF Score
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