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, indicating a shift towards a more favorable assessment. The company is currently undervalued, supported by a P/E ratio of 9, an EV to EBITDA of 8.82, and a dividend yield of 145.39%. In comparison, peers such as HNI Corp. have a P/E of 13.40, while MasterBrand, Inc. is considered very expensive with a P/E of 15.79, highlighting Leggett & Platt's relative valuation advantage.
Despite recent underperformance, with a 1Y return of -20.07% compared to the S&P 500's 11.00%, the company's strong fundamentals suggest it is positioned for potential recovery. The combination of a high ROE of 26.31% and a solid EV to Capital Employed ratio of 1.47 further reinforces the attractiveness of Leggett & Platt as an investment opportunity.