3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Miller Industries's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -0.41%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Miller Industries's 3-Year ROIIC % or its related term are showing as below:
MLR's 3-Year ROIIC % is ranked worse than 58.76% of 1256
companies
in the Vehicles & Parts industry
Industry Median: 4.13
vs MLR: -0.41
Miller Industries (NYSE:MLR) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Miller Industries 3-Year ROIIC % Related Terms
Miller Industries 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Miller Industries's 3-Year ROIIC % 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 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Miller Industries's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Miller Industries (MLR) has a 3-Year ROIIC % of -0.41 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Miller Industries and its competitors. According to the industry distribution chart, Miller Industries ranks #738 out of 1256 companies in the Vehicles & Parts industry, placing it in the top 58.8%.
Is Miller Industries' 3-Year ROIIC % too high?
Miller Industries' current 3-Year ROIIC % is -0.41. Based on the distribution chart, Miller Industries ranks #738 out of 1256 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' 3-Year ROIIC % compare to SLDP and MNRO?
According to the Vehicles & Parts industry distribution chart, Miller Industries ranks #738 out of 1256 companies for 3-Year ROIIC %. This places Miller Industries in the lower half of its industry. The industry median 3-Year ROIIC % is 4.13. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.13, based on 1,256 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Miller Industries and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miller Industries's current 3-Year ROIIC % is -0.41. 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 $33.73, compared to a current price of $51.11 — trading 51.5% above its estimated fair value. The current 3-Year ROIIC % is -0.41. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Miller Industries (MLR), the current 3-Year ROIIC % is -0.41 as of Dec. 2025. 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 $51.11 is trading 51.5% above its estimated GF Value™ of $33.73.
GuruFocus considers Miller Industries to be Significantly Overvalued.
Key valuation signals for MLR:
3-Year ROIIC %: -0.41
GF Value™: $33.73 vs. price of $51.11 (51.5% above fair value)
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
Get the complete analysis for MLR
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MLR has been successfully added to your 
