Miller IndustriesMLR +3.03%86 Interest Coverage is 11.95 as of Mar. 2026, which is 45% below its 10-year median of 21.92. 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 1,066 Vehicles & Parts companies, Miller Industries ranks better than 76.17% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Miller Industries's
Operating Income
for the
three
months ended in Mar. 2026 was $1.7 Mil. Miller Industries's Interest Expense for the
three
months ended in Mar. 2026 was $-0.1 Mil.
Miller Industries's interest coverage for the quarter that ended in Mar. 2026 was 11.95.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Miller Industries's Interest Coverage or its related term are showing as below:
MLR'
s Interest Coverage Range Over the Past 10 Years
Min: 8.76 Med: 21.92 Max: 47.59
Current: 31.63
MLR's Interest Coverage is ranked better than 76.17% of 1066
companies
in the Vehicles & Parts industry
Industry Median: 8.295
vs MLR: 31.63
Miller Industries (NYSE:MLR) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Miller Industries Interest Coverage Related Terms
Miller Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Miller Industries's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MLR vs CPS, MVST, MNRO: Interest Coverage Comparison
For the Auto Parts subindustry, Miller Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Miller Industries's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 11.95 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Miller Industries and its competitors. This is 45% below median its historical median of 21.92. Over the past decade, Miller Industries' Interest Coverage has ranged from 8.76 to 47.59. According to the industry distribution chart, Miller Industries ranks #254 out of 1066 companies in the Vehicles & Parts industry, placing it in the top 23.8%.
Is Miller Industries' Interest Coverage too high?
Miller Industries' current Interest Coverage of 11.95 is 45% below median its 10-year median of 21.92. Over the past 10 years, this metric has ranged from a low of 8.76 to a high of 47.59. The Vehicles & Parts industry median Interest Coverage is 8.30. Miller Industries' value of 11.95 is 44.1% above this industry median. Based on the distribution chart, Miller Industries ranks #254 out of 1066 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 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Miller Industries' Interest Coverage compare to CPS and MVST?
According to the Vehicles & Parts industry distribution chart, Miller Industries ranks #254 out of 1066 companies for Interest Coverage. This places Miller Industries in the top 24% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 8.30. Miller Industries' value of 11.95 is 44.1% above this benchmark. Historically, Miller Industries' own Interest Coverage has ranged from 8.76 to 47.59 over the past decade. While the company's 10-year median is 21.92 vs. the industry median of 8.30, Miller Industries has consistently been above 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 Interest Coverage for a Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.30, based on 1,066 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miller Industries's current Interest Coverage of 11.95 is 44.1% above 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Miller Industries and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miller Industries's current Interest Coverage is 11.95, which is 45% below median its own 10-year median of 21.92. 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 Interest Coverage is 11.95, which is 45% below median its 10-year median of 21.92 and 44.1% above the Vehicles & Parts industry median of 8.30. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Miller Industries (MLR), the current Interest Coverage is 11.95 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:
Interest Coverage: 11.95 (45% below median its 10-year median of 21.92)
GF Value™: $33.53 vs. price of $52.33 (56.1% above fair value)
Industry Position: 44.1% above the Vehicles & Parts median (#254 of 1066)
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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