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Miller IndustriesMLR +1.45%87 Shiller PE Ratio is 17.02 as of Aug. 23, 2026, which is 1% below its 10-year median of 17.14. GuruFocus rates MLR with a GF Score™ of 87/100 and a GF Value™ of $36.82 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 851 Vehicles & Parts companies, Miller Industries ranks better than 54.52% on this metric.
The historical rank and industry rank for Miller Industries's Shiller PE Ratio or its related term are showing as below:
MLR'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.55 Med: 17.14 Max: 23.63
Current: 17.02
During the past years, Miller Industries's highest Shiller PE Ratio was 23.63. The lowest was 9.55. And the median was 17.14.
MLR's Shiller PE Ratio is ranked better than 54.52% of 851
companies
in the Vehicles & Parts industry
Industry Median: 19.76
vs MLR: 17.02
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Miller Industries's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.36 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Miller Industries (NYSE:MLR) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Miller Industries Shiller PE Ratio Related Terms
Miller Industries Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Miller Industries's Shiller PE Ratio 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.
MLR vs MNRO, HYLN, CPS: Shiller PE Ratio Comparison
For the Auto Parts subindustry, Miller Industries's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Miller Industries's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Miller Industries's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Miller Industries (MLR) has a Shiller PE Ratio of 17.02 as of Aug. 23, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Miller Industries and its competitors. This is near median its historical median of 17.14. Over the past decade, Miller Industries' Shiller PE Ratio has ranged from 9.55 to 23.63. According to the industry distribution chart, Miller Industries ranks #387 out of 851 companies in the Vehicles & Parts industry, placing it in the top 45.5%.
Is Miller Industries' Shiller PE Ratio too high?
Miller Industries' current Shiller PE Ratio of 17.02 is near median its 10-year median of 17.14. Over the past 10 years, this metric has ranged from a low of 9.55 to a high of 23.63. The Vehicles & Parts industry median Shiller PE Ratio is 19.76. Miller Industries' value of 17.02 is 13.9% below this industry median. Based on the distribution chart, Miller Industries ranks #387 out of 851 companies in the Vehicles & Parts industry, which is above 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' Shiller PE Ratio compare to MNRO and HYLN?
According to the Vehicles & Parts industry distribution chart, Miller Industries ranks #387 out of 851 companies for Shiller PE Ratio. This puts Miller Industries in the upper half of its industry. The industry median Shiller PE Ratio is 19.76. Miller Industries' value of 17.02 is 13.9% below this benchmark. Historically, Miller Industries' own Shiller PE Ratio has ranged from 9.55 to 23.63 over the past decade. While the company's 10-year median is 17.14 vs. the industry median of 19.76, 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 Shiller PE Ratio for a Vehicles & Parts company?
The median Shiller PE Ratio among Vehicles & Parts companies is 19.76, based on 851 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miller Industries's current Shiller PE Ratio of 17.02 is 13.9% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Miller Industries and its competitors. For the Vehicles & Parts industry, the median Shiller PE Ratio is 19.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miller Industries's current Shiller PE Ratio is 17.02, which is near median its own 10-year median of 17.14. 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 $36.82, compared to a current price of $57.20 — trading 55.4% above its estimated fair value. The current Shiller PE Ratio is 17.02, which is near median its 10-year median of 17.14 and 13.9% below the Vehicles & Parts industry median of 19.76. Miller Industries' overall GF Score™ is 87/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Miller Industries (MLR), the current Shiller PE Ratio is 17.02 as of Aug. 23, 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 $57.20 is trading 55.4% above its estimated GF Value™ of $36.82.
GuruFocus considers Miller Industries to be Significantly Overvalued.
Key valuation signals for MLR:
Shiller PE Ratio: 17.02 (near median its 10-year median of 17.14)
GF Value™: $36.82 vs. price of $57.20 (55.4% above fair value)
Industry Position: 13.9% below the Vehicles & Parts median (#387 of 851)
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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