Is La-Z-Boy, Inc. overvalued or undervalued?

As of 17 October 2025, La-Z-Boy, Inc. has moved from fair to very expensive in its valuation grade. The company is currently overvalued, as indicated by its P/E ratio of 13, which is higher than its peer HNI Corp. at 13.40, and its PEG ratio of 2.33, which suggests that the stock may not be growing fast enough to justify its price. Additionally, the EV to EBITDA ratio of 4.89 is lower than that of MasterBrand, Inc. at 8.19, further highlighting the relative overvaluation of La-Z-Boy.
In terms of peer comparison, La-Z-Boy's valuation metrics indicate it is out of line with its industry, particularly when compared to Leggett & Platt, Inc. which has a P/E of 12.32. The company's recent stock performance has been underwhelming, with a year-to-date return of -26.10%, significantly lagging behind the S&P 500's return of 13.30% over the same period, reinforcing the notion that La-Z-Boy is currently overvalued.