Leggett & Platt Incorporated
NYSE: LEG · CONSUMER CYCLICAL · FURNISHINGS, FIXTURES & APPLIANCES
Updated 2026-05-08
Leggett & Platt Incorporated (LEG) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for LEG.
Valued
Valuation reasonably reflects current fundamentals. Limited margin of safety at these levels.
LEG historical valuation range
Where current P/E sits in LEG's own 5Y range.
LEG intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
LEG valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 6.40x
P/S Ratio — History
Current: 0.35x
Is LEG overvalued in 2026?
Leggett & Platt Incorporated (LEG) currently trades at $10.06 per share with a market capitalization of $1,404,949,000.00. Based on our multi-factor framework, the stock trades at a fair valuation with a Smart Value Score of 63/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 6.4x, below its 5-year median of 8.7x. The PEG ratio of 2.96 indicates the price has run ahead of the underlying growth rate.
Looking at its own history, LEG is currently trading cheaper than 81% of the last 5Y on P/E. This places it in the 19th percentile of its historical range, a level that has historically coincided with attractive entry points.
Our discounted cash flow model estimates LEG's intrinsic value at $30.48 per share, against the current market price of $10.06. This implies a margin of safety of +59.32%. A meaningful cushion exists against model error, making this a reasonable risk-adjusted entry.
Financial quality is a concern. The Piotroski F-Score of 0/9 flags weakening fundamentals that deserve closer scrutiny before the valuation case can be fully trusted.
Bottom line: LEG trades at a fair valuation on our framework, with a Smart Value Score of 63/100. The valuation is defensible but offers no obvious bargain. Patience or a better entry price may reward disciplined buyers.
Frequently asked questions
Is LEG overvalued in 2026?
Based on a Smart Value Score of 63/100, LEG is fairly valued. Price reasonably reflects current fundamentals with limited cushion in either direction.
What is LEG's fair value?
Our DCF model estimates LEG's intrinsic value at $30.48 per share, versus the current price of $10.06. This produces a margin of safety of +59.32%.
What P/E ratio does LEG trade at?
LEG trades at a P/E of 6.4x on trailing twelve-month earnings, compared to its 5-year median of 8.7x.
Is LEG a buy based on valuation?
WallStSmart does not issue buy or sell recommendations. Our Smart Value Score of 63/100 reflects the combined read on growth, quality, and price. The profile is balanced. Best suited for investors with an existing thesis.
How does LEG's valuation compare to its history?
On P/E, LEG currently sits in the 19th percentile of its own 5Y range. That is historically cheap relative to where it has traded over the period.
What is LEG's Smart Value Score?
LEG's Smart Value Score is 63/100. The Smart Value Score is a proprietary WallStSmart metric blending growth quality, financial health, and valuation attractiveness into a single 0-100 read. Scores above 75 are rare and indicate strong multi-factor alignment.