Leggett & Platt Incorporated (LEG) Fair Value & Analysis
Consumer Cyclical · US · Market cap $1.5B · ISIN US5246601075
What is Leggett & Platt Incorporated really worth?
Leggett & Platt Incorporated
LEG · US
A solid business, trading 53% below our fair value of $19.67.
Strengths
Risks
For context
Fair value as of: Sep 3, 2026
From 24 valuation models · updated yesterday
Share price −14.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
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.
Analysis
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
Our scenario range runs from $12.42 (bear case) to $32.90 (bull case); at $9.20, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation 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
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.9542 per share, which is 4.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings ($29.05) versus Dividend Discount ($2.00). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 37
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.
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Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Somnigroup International Poised to See Growth From Leggett Acquisition, BofA Says
- Legget & Platt (LEG) Upgraded to Strong Buy: Here's What You Should Know
- Somnigroup International Announces New President of Leggett & Platt
Peer Group
Furnishings, Fixtures & Appliances · 317 stocks
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 Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper
Strength profile in five axes (Snowflake)
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Midea Group 000333 | ¥86.98 | ¥99.66 | +15% |
| Gree Electric Appliances, Inc 000651 | ¥41.58 | ¥86.91 | +109% |
| Haier Smart Home Co 600690 | ¥21.79 | ¥36.04 | +65% |
| King Slide Works Co 2059 | 12,500 TWD | 1,917 TWD | −85% |
| Guangdong Songfa Ceramics Co 603268 | ¥173.26 | ¥38.83 | −78% |
| SharkNinja, Inc SN | $181.24 | $89.07 | −51% |
| Somnigroup International Inc SGI | $63.65 | $31.69 | −50% |
| Mohawk Industries, Inc MHK | $131.70 | $119.26 | −9% |
| Hisense Home Appliances Group 000921 | ¥26.12 | ¥50.62 | +94% |
| Alliance Laundry Holdings ALH | $25.91 | $7.74 | −70% |
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