Is Miller Industries (MLR) a Great Value Stock Right Now?

Core Insights - The article emphasizes the importance of a proven ranking system that focuses on earnings estimates and revisions to identify winning stocks [1] - Value investing is highlighted as a popular strategy for finding great stocks across various market conditions [2] - The Style Scores system is introduced, particularly the "Value" category, which helps investors identify stocks with strong value characteristics [3] Company Analysis: Miller Industries (MLR) - Miller Industries currently holds a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating strong potential for value investors [4] - The stock has a P/E ratio of 11.31, significantly lower than the industry average of 19.32, suggesting it may be undervalued [4] - Over the past 52 weeks, MLR's Forward P/E has fluctuated between 7.41 and 14.10, with a median of 11.73, further indicating its valuation dynamics [4] - The P/S ratio for MLR is 0.52, compared to the industry's average P/S of 0.76, reinforcing the notion of undervaluation [5] - These metrics contribute to MLR's strong Value grade and suggest that the stock is likely undervalued, supported by a positive earnings outlook [6]