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

As of 17 October 2025, the valuation grade for La-Z-Boy, Inc. has moved from fair to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, with a P/E ratio of 13, a Price to Book Value of 1.63, and an EV to EBITDA of 4.89. In comparison, HNI Corp. has a P/E ratio of 13.40 and an EV to EBITDA of 7.68, while Leggett & Platt, Inc. shows a P/E of 12.32, suggesting that La-Z-Boy's valuation metrics are not justified relative to its peers.
Despite a recent one-week stock return of 2.35% compared to the S&P 500's 1.70%, La-Z-Boy has struggled over longer periods, with a year-to-date return of -26.10% versus the S&P 500's 13.30%. This underperformance further reinforces the notion that La-Z-Boy is overvalued in the current market environment.