Is Leggett & Platt, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Leggett & Platt, Inc. has moved from attractive to very attractive. The company is currently undervalued, supported by a P/E ratio of 9, which is significantly lower than the peer average of 12.32, and an EV to EBITDA ratio of 8.82, compared to HNI Corp.'s 7.68. Additionally, the company boasts a remarkable dividend yield of 145.39%, indicating strong cash returns to shareholders.
In comparison to its peers, MasterBrand, Inc. and La-Z-Boy, Inc. are considered very expensive with P/E ratios of 15.79 and 14.25, respectively. Despite recent performance, where Leggett & Platt's stock has underperformed the S&P 500 over the 1Y and 3Y periods, the current valuation metrics suggest that the stock presents a compelling opportunity for investors looking for value in the furniture and home furnishing sector.