Leggett & Platt Incorporated (LEG) fair value: what the stock is really worth
We calculate from audited financials what Leggett & Platt Incorporated is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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Consumer Cyclical · US · Market cap $1.5B · ISIN US5246601075
At a glance
LPLeggett & Platt IncorporatedLEG · US
Price from Aug 27, 2026$9.20
Fair Value$19.67
Upside+113.8%
Quality64/100
A solid business, trading 53% below our fair value of $19.67.
As of Sep 3, 2026, the fair value of Leggett & Platt Incorporated is $19.67 per share against a price of $9.20, so the fair value sits 114% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y −1.1 %/yr)
!Thin margins · 5.7% net margin
✓Moderate debt · generates free cash flow
·2.17% dividend yield
✓Ranks above peers (9/15)
!Moderate moat 46/100
!Weak on balance sheet: 27 out of 100
Evidence: HighRange $12.42 to $32.90
Fair value as of: Sep 3, 2026
From 24 valuation models · updated 8 days ago
Share price −16.2% over the past month.
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What matters now
The price is below even our cautious bear case ($12.42). The market is more pessimistic than our downside scenario.
The model range is unusually wide ($12.42 to $32.90). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range $6.40 – $45.28 · fair‑value band $12.42 – $32.90 · the $9.20 price screens below the $19.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.
Leggett & Platt Incorporated (LEG) currently trades at $9.20, while our model-based Fair Value estimate is $19.67, implying the stock looks roughly 53.2% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of $29.05 per share, and 19 of the 24 models we run sit above the $9.20 price. Bear case: the Dividend Discount group reads lowest at $2.00, and 5 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Leggett & Platt Incorporated generated revenue of $4.0B at a net margin of 5.7%. Revenue declined 10.2% year over year. It earns a return on equity of 25.2%. Net debt stands at $1.1B. Fundamentals as of Sep 3, 2026
Scenario range: $12.42 (bear) to $32.90 (bull), the price of $9.20 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 29% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −9% fair-value upside, at 114%, LEG screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($0.9812 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
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Key figures & financial health
P/E ratio5.7
P/S ratio0.33P/E × margin
EPS (TTM)$1.61price ÷ EPS = P/E 5.7
Dividend yield2.2%payout 12.4%
Net margin5.8%FY2025
Return on equity25.2%TTM
More key figures
Profitability
Return on assets (EBIT)7.9%avg 5y
Operating margin5.1%TTM
Growth
Revenue (TTM)$4.0BTTM
Revenue growth (YoY)−10.2%3y avg −7.6%
EPS growth (YoY)−36.4%
Balance sheet & cash flow
Free cash flow$281MFY2025
Net debt$1.1BFY2025 · ≈ 3.8 yrs of FCF
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality64/100
Of which business quality 61
· Market factors (momentum, volatility) 37
Profitability57
Margins and returns on capital today
Quality Growth57
Are margins and returns improving?
Cashflow55
Earnings quality: real cash, not paper profit
Fin. Strength47
Balance sheet, leverage, solvency risk
Investment100
Disciplined investing over empire-building
Low Volatility54
Calm price path (market factor)
Momentum31
Price trend over the last 3–12 months (market factor)
52W Momentum28
Distance to the 52-week high (market factor)
Net Issuance69
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Leggett & Platt, Incorporated, together with its subsidiaries, designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally.
Full company description
Leggett & Platt, Incorporated, together with its subsidiaries, designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. The company offers steel rod, drawn wire, innersprings, specialty foam chemicals and additives, for use in bedding and furniture, semi-finished mattresses, private label finished mattresses, pillows and toppers, static foundations, and adjustable beds to industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, e-commerce retailers, big box retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating, seat suspension systems, motors and actuators, and cables; and engineered hydraulic cylinders to automobile original equipment manufacturers (OEMs) and suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware; springs and seat suspensions; components and private label finished goods for soft seating; bases, columns, back rests, casters, and frames for office chairs and control devices; and carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components for manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, mattress and furniture producers, and manufacturers of draperies, specialty packaging, filtration, and automotive upholstery. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Leggett & Platt Incorporated reported revenue of $4.1B in FY2025 versus $5.1B in FY2021, a compound −5.4%/yr. Reported net income was $235M in FY2025, compounding −12.5%/yr from FY2021.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$4.1B
Latest YoY
−7.4%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−7.6%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.1%
Avg. revenue growth/yr (40Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.5%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
−11.9%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−14.1%
Dividend yield2.2%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −6.2% vs 10Y −3.0%, flattening
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9.7% (2020) → 6.1% (2025) · falling
Worst earnings drop122% (2024) (loss year, drop beyond 100%) · in USD
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How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation
Quality Score64 · Top 25%
Fair Value upside+114% · Top 25%
Profitability
Return on equity (TTM)25% · Top 25%
Return on assets4% · Above median
Net margin (TTM)6% · Above median
Operating margin (TTM)5% · Above median
Growth and dividend
Revenue growth−10% · Below median
Dividend yield (TTM)2.2% · Below median
Balance sheet
Debt / equity1.46× · Highest 25%
Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper
P/E (TTM)5.7× · Cheapest 25%
P/B1.47× · Pricier than median
P/S (TTM)0.38× · Cheaper than median
P/FCF5.3× · Pricier than median
EV/EBITDA7.0× · Cheaper than median
PEG2.96× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Leggett & Platt Incorporated deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years-4.1 % per year
Achieved revenue growth, 5 years-1.1 % p.a.
Sector median revenue growth+2.7 %
FCF yield on price21.86 %
Discount rate (WACC) in the models10.6 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE100· sector 22
FUTURE0· sector 0
PAST100· sector 19
HEALTH27· sector 98
DIVIDEND43· sector 60
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
Is Leggett & Platt Incorporated (LEG) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of $19.67 versus the last price from Aug 27, 2026 of $9.20, about +114% upside (undervalued).
What is the fair value of LEG?
Our model-based fair value for Leggett & Platt Incorporated is $19.67 (as of Sep 3, 2026), built from audited fundamentals. Last price (from Aug 27, 2026): $9.20.
What is the quality score of LEG?
Leggett & Platt Incorporated has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Leggett & Platt Incorporated (LEG)?
Our model-based price target is the fair value of $19.67 (as of Sep 3, 2026) from 24 valuation models. Cautious scenario $12.42, optimistic scenario $32.90. It is a calculation from audited fundamentals, not an analyst target.
What is the Leggett & Platt Incorporated stock forecast for 2026?
Our models put fair value at $19.67, about +114% upside versus the last price from Aug 27, 2026 of $9.20 (undervalued). Cautious scenario $12.42, optimistic scenario $32.90. The calculation is refreshed regularly with new filings.
What is the revenue of Leggett & Platt Incorporated (LEG)?
Leggett & Platt Incorporated reported trailing-twelve-month revenue of about $4.0B (latest available figure, as of Sep 3, 2026).
What is the net profit margin of LEG?
The net profit margin of Leggett & Platt Incorporated is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Leggett & Platt Incorporated pay a dividend?
Leggett & Platt Incorporated currently shows a dividend yield of about 2.17% relative to its recent price (as of Sep 3, 2026).
What growth is priced into Leggett & Platt Incorporated (LEG)?
For today's price to be fair in a discounted-cash-flow model, Leggett & Platt Incorporated would have to grow free cash flow by -4.1 % per year for ten years (discount rate 10.6 %, then 2 % perpetual growth). Over the last 5 years revenue grew -1.1 % per year. As of Sep 3, 2026.
What discount rate (WACC) does the fair value of LEG use?
Our models discount Leggett & Platt Incorporated at 10.6 %: a base by market capitalisation (small), damped by beta 0.76, country premium for USA. The same rate applies in all 26 models.
What is the intrinsic value of Leggett & Platt Incorporated (LEG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Leggett & Platt Incorporated it is $19.67 per share (as of Sep 3, 2026), against a price of $9.20. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Leggett & Platt Incorporated stock overvalued or undervalued in 2026?
As of Sep 3, 2026, LEG trades below its calculated fair value: price $9.20, fair value $19.67, a gap of about +114% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LEG?
No. The price is what the market pays today ($9.20); the fair value is what the company's own numbers justify ($19.67). For Leggett & Platt Incorporated the two are $10.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Leggett & Platt Incorporated worth?
The market values Leggett & Platt Incorporated at about $1.5B (market capitalisation, as of Sep 3, 2026). Per share that is $9.20; our models calculate a fair value of $19.67 per share.
What do the bullish and bearish scenarios say about LEG?
Our models span a range for Leggett & Platt Incorporated: cautious scenario $12.42, base $19.67, optimistic $32.90 per share (as of Sep 3, 2026, price $9.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LEG?
Leggett & Platt Incorporated trades at a price-to-earnings ratio of 5.7 (as of Sep 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $19.67 is built from several models across several years. Other multiples: PEG 3.0, P/B 1.5, P/S 0.4, EV/EBITDA 7.0.
What is the PEG ratio of LEG?
The PEG ratio of Leggett & Platt Incorporated is 2.96 (P/E divided by earnings growth, as of Sep 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Leggett & Platt Incorporated (LEG)?
Balance-sheet figures for Leggett & Platt Incorporated (as of Sep 3, 2026): return on equity 25.2%, debt of 1.46 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is LEG from its 52-week high?
Leggett & Platt Incorporated trades at $9.20, about 29% below its 52-week high of $12.88 and 19% above the low of $7.71 (as of Sep 3, 2026). Distance from the high says nothing about value: that is what the fair value of $19.67 is for.
Which stocks are comparable to Leggett & Platt Incorporated?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, Haier Smart Home Co, King Slide Works Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Leggett & Platt Incorporated stock attractive at the current price?
The data as of Sep 3, 2026: price $9.20, calculated fair value $19.67 (+114%), Quality Score 64/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LEG calculated?
We run Leggett & Platt Incorporated through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $19.67, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. Leggett & Platt Incorporated currently trades 114 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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Leggett & Platt Incorporated
LEG · US