Leggett & Platt, Inc.
Summary Leggett & Platt, Incorporated (Leggett & Platt, Company, we, us, or our), a pioneer of the steel coil bedspring, is an international diversified manufacturer that conceives, designs, and produces a wide range of engineered components and products found in many homes and automobiles. As discussed below, our operations are organized into 13 business units, which are divided into six group…
$9.20
+$0.00 (+0.00%)
Price from 57 days ago
Operating margin is thin at 6.31%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 7.5% YoY. The question is whether this is cyclical or a structural shift.
Even for strong businesses, today's 6x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
5.9x earnings, 8.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$3.89B
▼ -7.5% YoY
Net Income (TTM)
$219M
▲ +146.0% YoY
Op. Margin
6.37%
▲ +0.8pp YoY
ROIC
7.23%
Cash Flow & Balance Sheet
FCF (TTM)
$157M
▲ +25.4% YoY
Op. Cash Flow (TTM)
$237M
▲ +10.6% YoY
Net Debt
$1.10B
Cash & Equiv.
$546M
5Y CAGR: -1.3%
5Y CAGR: -12.1%
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SourceComputed from the 10-Q filed 30 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 7 Aug 2026. How this is calculated.
Price from market data, last close as of 27 Aug 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Leggett & Platt (LEG) overvalued?
At a P/E of 5.9 and a price-to-free-cash-flow of 8.0, Leggett & Platt (LEG) trades around a two-stage DCF intrinsic value of about $11.42 per share, so at $9.20 the stock looks around fair value (24.2% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Leggett & Platt scores 28/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.2%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Leggett & Platt's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $11.42 per share for LEG, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $8.57. At today's $9.20, that puts the stock about 24.2% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Leggett & Platt a high-quality business?+
Leggett & Platt scores 28 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 6.4% operating margin and a 7.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Leggett & Platt (LEG) pay a dividend, and how much?+
Yes, Leggett & Platt pays a regular dividend of about $0.19 per share per year (typically in quarterly installments), a yield of roughly 2.2% at the current price. That is a payout ratio of about 12.4% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For LEG's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Leggett & Platt a good stock to buy right now?+
That depends on valuation and quality together, not either alone. LEG currently trades around its estimated intrinsic value and scores 28/100 on quality (lower-quality). It also yields about 2.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Household Furniture
Spot a number that looks wrong? Check it in LEG's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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