Latest Ratios: P/E Ratio 6.7x · EV/EBITDA 7.1x · ROE 27.5%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $1.5B | $1.3B | $3.6B | $4.4B | $5.6B | $6.0B | $6.9B | $4.8B | $6.6B | $6.8B |
| Enterprise Value | $2.6B | $2.6B | $3.0B | $5.4B | $6.4B | $7.6B | $7.7B | $8.9B | $5.7B | $7.3B | $7.5B |
| P/E Ratio → | 6.65 | 6.51 | — | — | 14.20 | 14.00 | 23.82 | 20.58 | 15.86 | 22.41 | 17.71 |
| P/S Ratio | 0.38 | 0.38 | 0.30 | 0.75 | 0.85 | 1.11 | 1.41 | 1.45 | 1.13 | 1.66 | 1.82 |
| P/B Ratio | 1.54 | 1.50 | 1.91 | 2.67 | 2.68 | 3.41 | 4.33 | 5.24 | 4.18 | 5.50 | 6.24 |
| P/FCF | 5.46 | 5.47 | 5.88 | 9.30 | 12.90 | 34.16 | 11.22 | 13.11 | 17.26 | 23.05 | 15.97 |
| P/OCF | 4.53 | 4.54 | 4.31 | 7.17 | 9.97 | 20.74 | 9.99 | 10.30 | 11.01 | 14.77 | 12.38 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.64 | 0.69 | 1.14 | 1.24 | 1.49 | 1.81 | 1.88 | 1.35 | 1.85 | 2.01 |
| EV / EBITDA | 7.07 | 7.08 | 8.51 | 10.81 | 9.61 | 10.26 | 12.81 | 13.05 | 10.12 | 12.90 | 13.52 |
| EV / EBIT | 10.53 | 10.55 | — | — | 13.02 | 12.62 | 18.84 | 18.04 | 12.90 | 15.31 | 14.30 |
| EV / FCF | — | 9.27 | 13.46 | 14.08 | 18.67 | 45.86 | 14.42 | 16.98 | 20.47 | 25.60 | 17.55 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.1% | 18.1% | 17.1% | 18.1% | 19.0% | 20.5% | 21.1% | 21.5% | 20.8% | 22.0% | 24.0% |
| Operating Margin | 6.1% | 6.1% | 5.0% | 6.8% | 9.4% | 10.8% | 9.7% | 10.3% | 10.4% | 11.4% | 12.0% |
| Net Profit Margin | 5.8% | 5.8% | -11.7% | -2.9% | 6.0% | 7.9% | 5.9% | 6.6% | 7.2% | 7.4% | 10.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.5% | 27.5% | -50.5% | -9.2% | 18.8% | 26.5% | 18.7% | 25.4% | 26.0% | 25.6% | 35.0% |
| ROA | 6.5% | 6.5% | -12.3% | -2.8% | 5.9% | 8.0% | 5.3% | 7.7% | 8.9% | 9.0% | 13.0% |
| ROIC | 8.3% | 8.3% | 5.9% | 7.1% | 10.1% | 12.3% | 9.6% | 13.6% | 16.7% | 18.2% | 18.8% |
| ROCE | 8.9% | 8.9% | 7.1% | 8.4% | 11.8% | 14.2% | 10.9% | 15.2% | 17.2% | 18.5% | 19.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.62 | 1.62 | 2.97 | 1.65 | 1.39 | 1.39 | 1.48 | 1.74 | 1.01 | 1.05 | 0.88 |
| Debt / EBITDA | 4.50 | 4.50 | 5.78 | 4.40 | 3.45 | 3.11 | 3.42 | 3.34 | 2.06 | 2.22 | 1.72 |
| Net Debt / Equity | — | 1.04 | 2.46 | 1.37 | 1.20 | 1.17 | 1.23 | 1.55 | 0.78 | 0.61 | 0.62 |
| Net Debt / EBITDA | 2.90 | 2.90 | 4.79 | 3.66 | 2.97 | 2.62 | 2.84 | 2.97 | 1.59 | 1.29 | 1.22 |
| Debt / FCF | — | 3.80 | 7.58 | 4.77 | 5.78 | 11.69 | 3.20 | 3.87 | 3.21 | 2.55 | 1.58 |
| Interest Coverage | 3.37 | 3.37 | -4.93 | -0.96 | 5.72 | 7.82 | 4.96 | 5.45 | 7.31 | 10.93 | 13.55 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.25 | 2.25 | 2.00 | 1.49 | 2.02 | 1.55 | 1.60 | 1.66 | 1.87 | 1.84 | 1.88 |
| Quick Ratio | 1.45 | 1.45 | 1.14 | 0.84 | 1.09 | 0.80 | 0.96 | 0.97 | 1.09 | 1.23 | 1.14 |
| Cash Ratio | 0.76 | 0.76 | 0.41 | 0.29 | 0.33 | 0.27 | 0.35 | 0.27 | 0.33 | 0.56 | 0.40 |
| Asset Turnover | — | 1.15 | 1.20 | 1.02 | 0.99 | 0.96 | 0.90 | 0.99 | 1.26 | 1.12 | 1.26 |
| Inventory Turnover | 5.34 | 5.34 | 5.03 | 4.72 | 4.59 | 4.06 | 5.23 | 5.86 | 5.33 | 5.39 | 5.49 |
| Days Sales Outstanding | — | 42.80 | 46.58 | 49.23 | 47.87 | 46.88 | 48.06 | 45.46 | 48.87 | 55.08 | 47.36 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.7% | 1.8% | 10.3% | 6.7% | 5.2% | 3.9% | 3.5% | 3.0% | 4.0% | 2.8% | 2.6% |
| Payout Ratio | 11.5% | 11.5% | — | — | 74.0% | 54.2% | 83.6% | 65.2% | 63.3% | 63.4% | 46.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 15.0% | 15.4% | — | — | 7.0% | 7.1% | 4.2% | 4.9% | 6.3% | 4.5% | 5.6% |
| FCF Yield | 18.3% | 18.3% | 17.0% | 10.7% | 7.8% | 2.9% | 8.9% | 7.6% | 5.8% | 4.3% | 6.3% |
| Buyback Yield | 0.2% | 0.2% | 0.4% | 0.2% | 1.4% | 0.2% | 0.2% | 0.2% | 2.3% | 2.4% | 2.9% |
| Total Shareholder Yield | 1.9% | 1.9% | 10.7% | 6.9% | 6.6% | 4.1% | 3.7% | 3.2% | 6.3% | 5.2% | 5.5% |
| Shares Outstanding | — | $140M | $137M | $136M | $137M | $137M | $136M | $135M | $135M | $137M | $140M |
Cyclical Volume Deleveraging
Based on current market data, LEG trades at a P/E of 6.91x and an EV/EBITDA of 7.23x, suggesting that investors are pricing the company as a distressed cyclical manufacturer rather than a stable industrial entity, given the significant revenue headwinds and recent dividend reduction.
The forward P/E of 13.34x relative to the trailing 6.91x implies that the market anticipates a sharp contraction in earnings, likely due to the ongoing restructuring of the manufacturing footprint. This valuation gap compared to diversified industrials suggests that the market is heavily discounting the company's ability to return to historical profitability levels in the near term.
As reported in recent financial statements, ROIC has remained suppressed at approximately 1.6% in 2026Q1, a significant decline from historical norms that highlights the company's struggle to generate adequate returns on its capital-intensive steel and foam processing infrastructure during this period of low capacity utilization.
The persistent weakness in ROIC suggests that the company's vertical integration, while a structural moat, is currently acting as a drag on returns due to the high fixed-cost base. Investors should monitor whether the ongoing restructuring efforts can meaningfully improve asset utilization or if the current capital base remains structurally oversized for the prevailing demand environment.
According to quarterly data, the cash conversion cycle has remained elevated at 70 days in 2026Q1, reflecting persistent difficulties in managing inventory levels and receivables as the company navigates a soft demand environment for its core bedding and furniture component products.
The DIO of 77 days indicates that inventory turnover remains sluggish, which is consistent with the broader industry trend of reduced consumer demand for home furnishings. This inefficiency in working capital management appears to be a primary driver of the company's recent cash flow volatility, as capital remains tied up in slow-moving stock.
Based on reported figures, the interest coverage ratio has fluctuated significantly, reaching 3.14x in 2026Q1, which indicates that while the company is currently meeting its obligations, the margin of safety remains thin given the volatility in operating income and the ongoing cyclical downturn.
The D/E ratio of 1.58x, while improved from previous peaks, still suggests a high degree of financial leverage that limits management's flexibility during periods of earnings contraction. The reliance on debt to fund operations during this restructuring phase warrants close monitoring by investors to ensure that covenant headroom remains sufficient.
Investors frequently misapply the dividend yield as a proxy for financial health, but as evidenced by the 2024 dividend cut, this metric obscures the reality that the company's capital allocation has shifted from shareholder returns to essential debt reduction and operational restructuring.
Relying on historical dividend yield ignores the fundamental shift in the company's cash flow profile and the necessity of preserving liquidity. A more appropriate metric for evaluating LEG's current status is the free cash flow yield, which better captures the company's ability to fund its operations and debt service without relying on external financing.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying LEG stock.
Leggett & Platt, Incorporated's current P/E ratio is 6.7x. The historical average is 20.6x. This places it at the 4th percentile of its historical range.
Leggett & Platt, Incorporated's current EV/EBITDA is 7.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
Leggett & Platt, Incorporated's return on equity (ROE) is 27.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 13.5%.
Based on historical data, Leggett & Platt, Incorporated is trading at a P/E of 6.7x. This is at the 4th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Leggett & Platt, Incorporated's current dividend yield is 1.72% with a payout ratio of 11.5%.
Leggett & Platt, Incorporated has 18.1% gross margin and 6.1% operating margin.
Leggett & Platt, Incorporated's Debt/EBITDA ratio is 4.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.