Leggett & Platt (BSP:L1EG34) Cyclically Adjusted PB Ratio: 1.01 (As of Sep. 01, 2026) — 72% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:L1EG34 Leggett & Platt Inc BSP:L1EG34
70 GF Score
Price R$53.57
GF Value R$58.64
! 5 Warning Signs
View Full Analysis

What is Leggett & Platt Cyclically Adjusted PB Ratio?

Leggett & Platt BSP:L1EG34 70 Cyclically Adjusted PB Ratio is 1.01 as of Sep. 01, 2026, which is 72% below its 10-year median of 3.65. GuruFocus rates BSP:L1EG34 with a GF Score™ of 70/100 and a GF Value™ of R$58.64. The stock has 5 warning signs investors should review. Among 312 Furnishings, Fixtures & Appliances companies, Leggett & Platt ranks better than 59.62% on this metric.

As of today (2026-09-01), Leggett & Platt's current share price is R$53.57. Leggett & Platt's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$52.89. Leggett & Platt's Cyclically Adjusted PB Ratio for today is 1.01.

The historical rank and industry rank for Leggett & Platt's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:L1EG34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 3.65   Max: 5.73
Current: 0.82

During the past years, Leggett & Platt's highest Cyclically Adjusted PB Ratio was 5.73. The lowest was 0.61. And the median was 3.65.

BSP:L1EG34's Cyclically Adjusted PB Ratio is ranked better than
59.62% of 312 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.15 vs BSP:L1EG34: 0.82

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Leggett & Platt's adjusted book value per share data for the three months ended in Jun. 2026 was R$40.588. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$52.89 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Leggett & Platt  (BSP:L1EG34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Leggett & Platt Cyclically Adjusted PB Ratio Related Terms


Leggett & Platt Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Leggett & Platt's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Leggett & Platt Cyclically Adjusted PB Ratio Chart

Leggett & Platt Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.89 2.87 2.28 0.85 0.99

Leggett & Platt Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 0.79 0.99 0.88 1.04

BSP:L1EG34 vs LZB, MLKN, MBC: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Leggett & Platt's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Leggett & Platt Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Leggett & Platt's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Leggett & Platt's Cyclically Adjusted PB Ratio falls into.


BSP:L1EG34
70GF Score
Leggett & Platt Inc BSP:L1EG34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Leggett & Platt Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Leggett & Platt's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.57/52.89
=1.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Leggett & Platt's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Leggett & Platt's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=40.588/333.9520*333.9520
=40.588

Current CPI (Jun. 2026) = 333.9520.

Leggett & Platt Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.794 241.428 37.062
201612 27.425 241.432 37.935
201703 25.152 243.801 34.453
201706 28.224 244.955 38.478
201709 27.860 246.819 37.695
201712 29.732 246.524 40.276
201803 29.888 249.554 39.996
201806 32.701 251.989 43.337
201809 36.723 252.439 48.581
201812 34.430 251.233 45.766
201903 34.973 254.202 45.945
201906 36.333 256.143 47.370
201909 39.292 256.759 51.105
201912 40.858 256.974 53.097
202003 45.730 258.115 59.166
202006 47.625 257.797 61.694
202009 52.953 260.280 67.941
202012 55.273 260.474 70.865
202103 61.605 264.877 77.670
202106 57.875 271.696 71.136
202109 62.359 274.310 75.917
202112 69.860 278.802 83.679
202203 61.362 287.504 71.275
202206 61.440 296.311 69.245
202209 61.768 296.808 69.498
202212 64.903 296.797 73.028
202303 65.228 301.836 72.168
202306 60.781 305.109 66.527
202309 60.580 307.789 65.729
202312 48.972 306.746 53.315
202403 47.964 312.332 51.284
202406 26.814 314.175 28.502
202409 30.555 315.301 32.362
202412 31.295 315.605 33.114
202503 31.819 319.799 33.227
202506 35.046 322.561 36.284
202509 38.506 324.800 39.591
202512 41.153 324.054 42.410
202603 39.842 330.213 40.293
202606 40.588 333.952 40.588

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.01 mean?
Leggett & Platt (BSP:L1EG34) has a Cyclically Adjusted PB Ratio of 1.01 as of Sep. 01, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Leggett & Platt and its competitors. This is 72% below median its historical median of 3.65. Over the past decade, Leggett & Platt's Cyclically Adjusted PB Ratio has ranged from 0.61 to 5.73. According to the industry distribution chart, Leggett & Platt ranks #126 out of 312 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 40.4%.
Is Leggett & Platt's Cyclically Adjusted PB Ratio too high?
Leggett & Platt's current Cyclically Adjusted PB Ratio of 1.01 is 72% below median its 10-year median of 3.65. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 5.73. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.15. Leggett & Platt's value of 1.01 is 12.2% below this industry median. Based on the distribution chart, Leggett & Platt ranks #126 out of 312 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Leggett & Platt has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Leggett & Platt's Cyclically Adjusted PB Ratio compare to LZB and MLKN?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Leggett & Platt ranks #126 out of 312 companies for Cyclically Adjusted PB Ratio. This puts Leggett & Platt in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. Leggett & Platt's value of 1.01 is 12.2% below this benchmark. Historically, Leggett & Platt's own Cyclically Adjusted PB Ratio has ranged from 0.61 to 5.73 over the past decade. While the company's 10-year median is 3.65 vs. the industry median of 1.15, Leggett & Platt has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.15, based on 312 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Leggett & Platt's current Cyclically Adjusted PB Ratio of 1.01 is 12.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Leggett & Platt and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leggett & Platt's current Cyclically Adjusted PB Ratio is 1.01, which is 72% below median its own 10-year median of 3.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leggett & Platt stock overvalued right now?
Leggett & Platt (BSP:L1EG34) has a current Cyclically Adjusted PB Ratio of 1.01. The stock's GF Value™ is R$58.64, compared to a current price of R$53.57 — trading 8.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.01, which is 72% below median its 10-year median of 3.65 and 12.2% below the Furnishings, Fixtures & Appliances industry median of 1.15. Leggett & Platt's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Leggett & Platt (BSP:L1EG34), the current Cyclically Adjusted PB Ratio is 1.01 as of Sep. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Leggett & Platt (BSP:L1EG34) Overvalued in 2026?

Based on GuruFocus' analysis, Leggett & Platt stock appears to be undervalued. The current stock price of R$53.57 is trading 8.6% below its estimated GF Value™ of R$58.64.

Key valuation signals for BSP:L1EG34:

  • Cyclically Adjusted PB Ratio: 1.01 (72% below median its 10-year median of 3.65)
  • GF Value™: R$58.64 vs. price of R$53.57 (8.6% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 12.2% below the Furnishings, Fixtures & Appliances median (#126 of 312)

No single metric tells the full story. See the BSP:L1EG34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Leggett & Platt Business Description

Other Exchanges LEG:USA0JTT:UKLP1:Germany
Address No. 1 Leggett Road, Carthage, MO, USA, 64836
Leggett & Platt Inc designs and produces engineered components and products found in homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring, and Textile Products. It generates the maximum of its revenue from Bedding Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support, and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture, and work furniture, flooring underlayment, adjustable beds, and various other products.
70GF Score

Get the complete analysis for BSP:L1EG34

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$53.57
Price
R$58.64
GF Value