Miller IndustriesMLR +3.03%86 Gross Margin % is 14.20% as of Mar. 2026, which is 21% above its 10-year median of 11.75. GuruFocus rates MLR with a GF Score™ of 86/100 and a GF Value™ of $33.53 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,313 Vehicles & Parts companies, Miller Industries ranks worse than 68.55% on this metric.
The historical rank and industry rank for Miller Industries's Gross Margin % or its related term are showing as below:
MLR'
s Gross Margin % Range Over the Past 10 Years
Min: 9.71 Med: 11.75 Max: 15.23
Current: 15.04
During the past 13 years, the highestGross Margin % of Miller Industries was 15.23%. The lowest was 9.71%. And the median was 11.75%.
MLR's Gross Margin % is ranked worse than 68.55% of 1313
companies
in the Vehicles & Parts industry
Industry Median: 19.84
vs MLR: 15.04
Miller Industries had a gross margin of 14.20% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Miller Industries was 7.40% per year.
Miller Industries (NYSE:MLR) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Miller Industries had a gross margin of 14.20% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Miller Industries Gross Margin % Related Terms
Miller Industries Gross Margin % Historical Data
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The historical data trend for Miller Industries's Gross Margin % 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 Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Miller Industries's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Miller Industries (MLR) has a Gross Margin % of 14.20% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Miller Industries and its competitors. This is 21% above median its historical median of 11.75. Over the past decade, Miller Industries' Gross Margin % has ranged from 9.71 to 15.23. According to the industry distribution chart, Miller Industries ranks #900 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 68.5%.
Is Miller Industries' Gross Margin % too high?
Miller Industries' current Gross Margin % of 14.20% is 21% above median its 10-year median of 11.75. Over the past 10 years, this metric has ranged from a low of 9.71 to a high of 15.23. The Vehicles & Parts industry median Gross Margin % is 19.84. Miller Industries' value of 14.20% is 28.4% below this industry median. Based on the distribution chart, Miller Industries ranks #900 out of 1313 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Miller Industries has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Miller Industries' Gross Margin % compare to CPS and MVST?
According to the Vehicles & Parts industry distribution chart, Miller Industries ranks #900 out of 1313 companies for Gross Margin %. This places Miller Industries in the lower half of its industry. The industry median Gross Margin % is 19.84. Miller Industries' value of 14.20% is 28.4% below this benchmark. Historically, Miller Industries' own Gross Margin % has ranged from 9.71 to 15.23 over the past decade. While the company's 10-year median is 11.75 vs. the industry median of 19.84, 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 Gross Margin % for a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,313 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miller Industries's current Gross Margin % of 14.20% is 28.4% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Miller Industries and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miller Industries's current Gross Margin % is 14.20%, which is 21% above median its own 10-year median of 11.75. 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 $33.53, compared to a current price of $52.33 — trading 56.1% above its estimated fair value. The current Gross Margin % is 14.20%, which is 21% above median its 10-year median of 11.75 and 28.4% below the Vehicles & Parts industry median of 19.84. Miller Industries' overall GF Score™ is 86/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Miller Industries (MLR), the current Gross Margin % is 14.20% 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 $52.33 is trading 56.1% above its estimated GF Value™ of $33.53.
GuruFocus considers Miller Industries to be Significantly Overvalued.
Key valuation signals for MLR:
Gross Margin %: 14.20% (21% above median its 10-year median of 11.75)
GF Value™: $33.53 vs. price of $52.33 (56.1% above fair value)
Industry Position: 28.4% below the Vehicles & Parts median (#900 of 1313)
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.
86GF Score
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