Should Value Investors Buy Miller Industries (MLR) Stock?

Core Viewpoint - The focus is on identifying undervalued stocks using the Zacks Rank system and Style Scores, with a particular emphasis on value investing strategies [1][2][3] Company Summary - Miller Industries (MLR) has a Zacks Rank of 2 (Buy) and an A grade for Value, indicating strong potential for value investors [4] - MLR's current P/E ratio is 12.44, which is lower than the industry average P/E of 15.56, suggesting it may be undervalued [4] - Over the past year, MLR's Forward P/E has fluctuated between 10.40 and 13.12, with a median of 11.38, further indicating its valuation dynamics [4] - The P/S ratio for MLR is 0.64, compared to the industry average P/S of 0.75, reinforcing the notion of MLR being undervalued [5] - The combination of MLR's favorable valuation metrics and strong earnings outlook positions it as an impressive value stock [6]