Leggett & Platt Incorporated
NYSE: LEG · CONSUMER CYCLICAL · FURNISHINGS, FIXTURES & APPLIANCES
Updated 2026-06-05
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: 6.58x
P/S Ratio — History
Current: 0.37x
Is LEG overvalued in 2026?
Leggett & Platt Incorporated (LEG) currently trades at $9.65 per share with a market capitalization of $1,446,184,000.00. Based on our multi-factor framework, the stock trades at a fair valuation with a Smart Value Score of 54/100. 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 6.6x, below its 5-year median of 7.0x. 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 63% of the last 5Y on P/E. This places it in the 38th percentile of its historical range, a reasonable but unremarkable position.
Our discounted cash flow model estimates LEG's intrinsic value at $23.47 per share, against the current market price of $9.65. This implies a margin of safety of +47.17%. A meaningful cushion exists against model error, making this a reasonable risk-adjusted entry.
The Piotroski F-Score of 5/9 puts financial quality in a middling range, neither a standout strength nor an obvious red flag.
Bottom line: LEG trades at a fair valuation on our framework, with a Smart Value Score of 54/100. 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?
LEG scores 54/100 on our Smart Value Score (Grade C), a mixed overall profile. The DCF also shows a positive margin of safety, so price and fundamentals line up reasonably well.
What is LEG's fair value?
Our DCF model estimates LEG's intrinsic value at $23.47 per share, versus the current price of $9.65, a margin of safety of +47.17%. Fair value is the present value of the cash flows we project the business to produce, so a price below it means the market is pricing the stock below that conservative estimate.
What P/E ratio does LEG trade at?
LEG trades at a P/E of 6.6x on trailing twelve-month earnings, against a 5-year median of 7.0x. P/E is what you pay per dollar of profit, and sitting below its own median means the stock is cheaper than usual relative to its earnings.
Is LEG a buy based on valuation?
Our Smart Value rating for LEG is Hold, from a Smart Value Score of 54/100 that blends growth, quality, and valuation. The profile is balanced and best suited to investors who already have a thesis. This is research to inform your decision, not personalized financial advice.
How does LEG's valuation compare to its history?
On P/E, LEG sits in the 38th percentile of its own 5Y range, below its long-run median relative to where it has traded. A low percentile means today's multiple is near the bottom of its historical band.
What is LEG's Smart Value Score?
LEG's Smart Value Score is 54/100. It is a proprietary WallStSmart metric blending growth quality, financial health, and valuation into a single 0-100 read, and scores above 75 are rare, signaling strong multi-factor alignment.