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Miller IndustriesMLR +0.44%87 Earnings Yield (Joel Greenblatt) % is 4.69% as of Mar. 2026, which is 59% below its 10-year median of 11.56. GuruFocus rates MLR with a GF Score™ of 87/100 and a GF Value™ of $34.18 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,333 Vehicles & Parts companies, Miller Industries ranks worse than 60.69% on this metric.
Miller Industries's Enterprise Value for the quarter that ended in Mar. 2026 was $491.1 Mil.
Miller Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $23.0 Mil. Miller Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 4.69%.
The historical rank and industry rank for Miller Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MLR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.95 Med: 11.56 Max: 19.03
Current: 4.19
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Miller Industries was 19.03%. The lowest was 3.95%. And the median was 11.56%.
MLR's Earnings Yield (Joel Greenblatt) % is ranked worse than 60.69% of 1333
companies
in the Vehicles & Parts industry
Industry Median: 5.92
vs MLR: 4.19
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Miller Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 16.33%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Miller Industries (NYSE:MLR) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Miller Industries Earnings Yield (Joel Greenblatt) % Related Terms
Miller Industries Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Miller Industries's Earnings Yield (Joel Greenblatt) % 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.
Miller Industries Earnings Yield (Joel Greenblatt) % Chart
For the Auto Parts subindustry, Miller Industries's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Miller Industries's Earnings Yield (Joel Greenblatt) % falls into.
Miller Industries Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Miller Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Miller Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $23.0 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.69% mean?
Miller Industries (MLR) has a Earnings Yield (Joel Greenblatt) % of 4.69% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Miller Industries and its competitors. This is 59% below median its historical median of 11.56. Over the past decade, Miller Industries' Earnings Yield (Joel Greenblatt) % has ranged from 3.95 to 19.03. According to the industry distribution chart, Miller Industries ranks #809 out of 1333 companies in the Vehicles & Parts industry, placing it in the top 60.7%.
Is Miller Industries' Earnings Yield (Joel Greenblatt) % too high?
Miller Industries' current Earnings Yield (Joel Greenblatt) % of 4.69% is 59% below median its 10-year median of 11.56. Over the past 10 years, this metric has ranged from a low of 3.95 to a high of 19.03. The Vehicles & Parts industry median Earnings Yield (Joel Greenblatt) % is 5.92. Miller Industries' value of 4.69% is 20.8% below this industry median. Based on the distribution chart, Miller Industries ranks #809 out of 1333 companies in the Vehicles & Parts industry, which is below 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' Earnings Yield (Joel Greenblatt) % compare to SLDP and MNRO?
According to the Vehicles & Parts industry distribution chart, Miller Industries ranks #809 out of 1333 companies for Earnings Yield (Joel Greenblatt) %. This places Miller Industries in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.92. Miller Industries' value of 4.69% is 20.8% below this benchmark. Historically, Miller Industries' own Earnings Yield (Joel Greenblatt) % has ranged from 3.95 to 19.03 over the past decade. While the company's 10-year median is 11.56 vs. the industry median of 5.92, 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 Earnings Yield (Joel Greenblatt) % for a Vehicles & Parts company?
The median Earnings Yield (Joel Greenblatt) % among Vehicles & Parts companies is 5.92, based on 1,333 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miller Industries's current Earnings Yield (Joel Greenblatt) % of 4.69% is 20.8% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Miller Industries and its competitors. For the Vehicles & Parts industry, the median Earnings Yield (Joel Greenblatt) % is 5.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miller Industries's current Earnings Yield (Joel Greenblatt) % is 4.69%, which is 59% below median its own 10-year median of 11.56. 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 $34.18, compared to a current price of $50.60 — trading 48% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.69%, which is 59% below median its 10-year median of 11.56 and 20.8% below the Vehicles & Parts industry median of 5.92. 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Miller Industries (MLR), the current Earnings Yield (Joel Greenblatt) % is 4.69% 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 $50.60 is trading 48% above its estimated GF Value™ of $34.18.
GuruFocus considers Miller Industries to be Significantly Overvalued.
Key valuation signals for MLR:
Earnings Yield (Joel Greenblatt) %: 4.69% (59% below median its 10-year median of 11.56)
GF Value™: $34.18 vs. price of $50.60 (48% above fair value)
Industry Position: 20.8% below the Vehicles & Parts median (#809 of 1333)
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
Get the complete analysis for MLR
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