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

As of 21 November 2025, the valuation grade for La-Z-Boy, Inc. has moved from very expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key valuation ratios include a P/E ratio of 13, an EV to EBITDA of 4.89, and a Price to Book Value of 1.63. In comparison, HNI Corp. has a P/E of 13.40 and an EV to EBITDA of 7.68, while Leggett & Platt, Inc. shows a more attractive P/E of 12.32.
Despite recent strong performance against the S&P 500 with a 1-week return of 24.24% compared to -1.95%, the longer-term outlook shows La-Z-Boy underperforming with a year-to-date return of -13.43% versus 12.26% for the index. This suggests that while the stock may be fairly valued now, its recent performance indicates potential challenges ahead.