Leggett & Platt Incorporated (LEG) fair value: what the stock is really worth
As of Aug 27, 2026: fair value of Leggett & Platt Incorporated $22.34, price $9.20, upside +142.8%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $6.40 – $45.28 · fair‑value band $14.85 – $32.24 · the $9.20 price screens below the $22.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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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.
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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.
Stock analysis
Leggett & Platt Incorporated (LEG) currently trades at $9.20, while our model-based Fair Value estimate is $22.34, implying the stock looks roughly 58.8% undervalued today.
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Valuation
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 Asset-Based group reads lowest at $5.02, and 5 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $14.85 (bear) to $32.24 (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.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
Key figures
Market cap $1.5B · P/E ratio 5.7 · P/S ratio 0.33 · EPS (TTM) $1.61 · Dividend yield 2.2% · Net margin 5.8% · Return on equity 25.2% · Return on assets (EBIT) 7.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 143%, LEG screens cheaper than that median.
Fair Value models
Bear $14.85Fair Value $22.34Bull $32.24
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($1.03 per share) are deliberately not added.Bear ⓘ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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−7.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.1%
Start year 2020 (pandemic). Over 10 years: +0.4% a year
Revenue growth 40 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−4.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.2%
Dividend (yield on the price)2.2%
Pace: 5 vs 10 years ⓘ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.−6% vs −3%, slowing
Profit margin 2020 to 2025 ⓘ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.10% → 6%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−5.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+0.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −8.0% a year for the price and −1.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
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Peer Groupⓘ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.Furnishings, Fixtures & Appliances · 316 stocks
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Is Leggett & Platt Incorporated (LEG) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $22.34 versus the last price from Aug 27, 2026 of $9.20, about +143% upside (undervalued).
What is the fair value of LEG?
Our model-based fair value for Leggett & Platt Incorporated is $22.34 (as of Sep 23, 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 $22.34 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario $14.85, optimistic scenario $32.24. 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 $22.34, about +143% upside versus the last price from Aug 27, 2026 of $9.20 (undervalued). Cautious scenario $14.85, optimistic scenario $32.24. 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 23, 2026).
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 23, 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 -5.8 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.1 % per year. As of Sep 23, 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 a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Leggett & Platt Incorporated that is -5.8 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Leggett & Platt Incorporated (LEG) delivered so far?
Over the past 5 years revenue at Leggett & Platt Incorporated grew -1.1 % a year. The price currently implies -5.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Leggett & Platt Incorporated (LEG) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Leggett & Platt Incorporated (-5.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Leggett & Platt Incorporated (LEG)?
The free-cash-flow yield on the price is 21.86 %: that much free cash flow Leggett & Platt Incorporated produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
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 $22.34 per share (as of Sep 23, 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 23, 2026, LEG trades below its calculated fair value: price $9.20, fair value $22.34, a gap of about +143% (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 ($22.34). For Leggett & Platt Incorporated the two are $13.14 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 23, 2026). Per share that is $9.20; our models calculate a fair value of $22.34 per share.
What do the bullish and bearish scenarios say about LEG?
Our models span a range for Leggett & Platt Incorporated: cautious scenario $14.85, base $22.34, optimistic $32.24 per share (as of Sep 23, 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 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $22.34 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 23, 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 23, 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 28% below its 52-week high of $12.77 and 10% above the low of $8.37 (as of Aug 27, 2026). Distance from the high says nothing about value: that is what the fair value of $22.34 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 23, 2026: price $9.20, calculated fair value $22.34 (+143%), 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 $22.34, 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 14.1 % above its aggregate fair value. Leggett & Platt Incorporated currently trades 143 % 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 is it worth investing now.
What is the share price of Leggett & Platt Incorporated (LEG)?
The latest price we hold is from Aug 27, 2026 and stands at $9.20. Our model-based fair value is $22.34, about +143% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Leggett & Platt Incorporated right now?
The price is below even our cautious bear case ($14.85). The market is more pessimistic than our downside scenario. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($14.85 to $32.24) leaves room in how you read the outcome.
Key figures of Leggett & Platt Incorporated
How large is the market capitalisation of Leggett & Platt Incorporated (LEG)?
The market capitalisation of Leggett & Platt Incorporated is $1.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Leggett & Platt Incorporated (LEG)?
The price-to-sales ratio of Leggett & Platt Incorporated is 0.33 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Leggett & Platt Incorporated (LEG)?
Earnings per share at Leggett & Platt Incorporated are $1.61 (price ÷ EPS = P/E 5.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Leggett & Platt Incorporated (LEG)?
The dividend yield of Leggett & Platt Incorporated is 2.2% (payout 12.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Leggett & Platt Incorporated (LEG)?
The net margin of Leggett & Platt Incorporated is 5.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Leggett & Platt Incorporated (LEG)?
The return on equity (ROE) of Leggett & Platt Incorporated is 25.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Leggett & Platt Incorporated (LEG)?
On an EBIT basis the return on assets of Leggett & Platt Incorporated is 7.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Leggett & Platt Incorporated (LEG)?
The operating margin of Leggett & Platt Incorporated is 5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Leggett & Platt Incorporated (LEG)?
Revenue at Leggett & Platt Incorporated is growing −10.2% versus a year earlier (3y avg −7.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Leggett & Platt Incorporated (LEG)?
Earnings per share at Leggett & Platt Incorporated are growing −36.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Leggett & Platt Incorporated (LEG) carry?
The net debt of Leggett & Platt Incorporated is $1.1B (fiscal year 2025, ≈ 3.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 23, 2026