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Miller IndustriesMLR +2.60%87 Debt-to-Equity is 0.06 as of Mar. 2026, which is 40% below its 10-year median of 0.10. 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 1,217 Vehicles & Parts companies, Miller Industries ranks better than 87.02% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Miller Industries's Debt-to-Equity or its related term are showing as below:
MLR'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 0.19
Current: 0.06
During the past 13 years, the highest Debt-to-Equity Ratio of Miller Industries was 0.19. The lowest was 0.00. And the median was 0.10.
MLR's Debt-to-Equity is ranked better than 87.02% of 1217
companies
in the Vehicles & Parts industry
Industry Median: 0.46
vs MLR: 0.06
Miller Industries (NYSE:MLR) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Miller Industries Debt-to-Equity Related Terms
Miller Industries Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Miller Industries's Debt-to-Equity 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 Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Miller Industries's Debt-to-Equity 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 Debt-to-Equity of 0.06 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Miller Industries and its competitors. This is 40% below median its historical median of 0.10. According to the industry distribution chart, Miller Industries ranks #158 out of 1217 companies in the Vehicles & Parts industry, placing it in the top 13%.
Is Miller Industries' Debt-to-Equity too high?
Miller Industries' current Debt-to-Equity of 0.06 is 40% below median its 10-year median of 0.10. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Miller Industries' value of 0.06 is 87% below this industry median. Based on the distribution chart, Miller Industries ranks #158 out of 1217 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. 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' Debt-to-Equity compare to SLDP and MNRO?
According to the Vehicles & Parts industry distribution chart, Miller Industries ranks #158 out of 1217 companies for Debt-to-Equity. This places Miller Industries in the top 13% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.46. Miller Industries' value of 0.06 is 87% below this benchmark. While the company's 10-year median is 0.10 vs. the industry median of 0.46, Miller Industries has consistently been below 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 Debt-to-Equity for a Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,217 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miller Industries's current Debt-to-Equity of 0.06 is 87% below 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Miller Industries and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miller Industries's current Debt-to-Equity is 0.06, which is 40% below median its own 10-year median of 0.10. 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 $50.54 — trading 48.7% above its estimated fair value. The current Debt-to-Equity is 0.06, which is 40% below median its 10-year median of 0.10 and 87% below the Vehicles & Parts industry median of 0.46. 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 Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Miller Industries (MLR), the current Debt-to-Equity is 0.06 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 $50.54 is trading 48.7% above its estimated GF Value™ of $33.99.
GuruFocus considers Miller Industries to be Significantly Overvalued.
Key valuation signals for MLR:
Debt-to-Equity: 0.06 (40% below median its 10-year median of 0.10)
GF Value™: $33.99 vs. price of $50.54 (48.7% above fair value)
Industry Position: 87% below the Vehicles & Parts median (#158 of 1217)
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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