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LZB (La-Z-Boy) Piotroski F-Score : 8 (As of Jul. 13, 2025)


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What is La-Z-Boy Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

La-Z-Boy has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for La-Z-Boy's Piotroski F-Score or its related term are showing as below:

LZB' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of La-Z-Boy was 8. The lowest was 5. And the median was 6.


La-Z-Boy Piotroski F-Score Historical Data

The historical data trend for La-Z-Boy's Piotroski F-Score 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.

* Premium members only.

La-Z-Boy Piotroski F-Score Chart

La-Z-Boy Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 5.00 6.00 8.00

La-Z-Boy Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Piotroski F-Score 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 6.00 6.00 7.00 7.00 8.00

Competitive Comparison of La-Z-Boy's Piotroski F-Score

For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.


La-Z-Boy's Piotroski F-Score Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where La-Z-Boy's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* 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.

This Year (Apr25) TTM:Last Year (Apr24) TTM:
Net Income was 26.159 + 30.037 + 28.429 + 14.931 = $100 Mil.
Cash Flow from Operations was 52.318 + 15.935 + 57.016 + 62.002 = $187 Mil.
Revenue was 495.532 + 521.027 + 521.777 + 570.871 = $2,109 Mil.
Gross Profit was 213.343 + 230.648 + 231.365 + 251.062 = $926 Mil.
Average Total Assets from the begining of this year (Apr24)
to the end of this year (Apr25) was
(1913.442 + 1917.615 + 1928.195 + 1958.884 + 1922.162) / 5 = $1928.0596 Mil.
Total Assets at the begining of this year (Apr24) was $1,913 Mil.
Long-Term Debt & Capital Lease Obligation was $410 Mil.
Total Current Assets was $806 Mil.
Total Current Liabilities was $421 Mil.
Net Income was 27.479 + 27.199 + 28.64 + 39.308 = $123 Mil.

Revenue was 481.651 + 511.435 + 500.406 + 553.535 = $2,047 Mil.
Gross Profit was 205.728 + 222.605 + 213.254 + 240.083 = $882 Mil.
Average Total Assets from the begining of last year (Apr23)
to the end of last year (Apr24) was
(1866.263 + 1847.585 + 1880.025 + 1918.292 + 1913.442) / 5 = $1885.1214 Mil.
Total Assets at the begining of last year (Apr23) was $1,866 Mil.
Long-Term Debt & Capital Lease Obligation was $405 Mil.
Total Current Assets was $837 Mil.
Total Current Liabilities was $437 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

La-Z-Boy's current Net Income (TTM) was 100. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

La-Z-Boy's current Cash Flow from Operations (TTM) was 187. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Apr24)
=99.556/1913.442
=0.0520298

ROA (Last Year)=Net Income/Total Assets (Apr23)
=122.626/1866.263
=0.06570671

La-Z-Boy's return on assets of this year was 0.0520298. La-Z-Boy's return on assets of last year was 0.06570671. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

La-Z-Boy's current Net Income (TTM) was 100. La-Z-Boy's current Cash Flow from Operations (TTM) was 187. ==> 187 > 100 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=410.265/1928.0596
=0.21278647

Gearing (Last Year: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=404.724/1885.1214
=0.21469387

La-Z-Boy's gearing of this year was 0.21278647. La-Z-Boy's gearing of last year was 0.21469387. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Apr25)=Total Current Assets/Total Current Liabilities
=805.688/420.791
=1.91469875

Current Ratio (Last Year: Apr24)=Total Current Assets/Total Current Liabilities
=836.808/437.281
=1.91366192

La-Z-Boy's current ratio of this year was 1.91469875. La-Z-Boy's current ratio of last year was 1.91366192. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

La-Z-Boy's number of shares in issue this year was 42.24. La-Z-Boy's number of shares in issue last year was 43.088. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=926.418/2109.207
=0.43922574

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=881.67/2047.027
=0.43070756

La-Z-Boy's gross margin of this year was 0.43922574. La-Z-Boy's gross margin of last year was 0.43070756. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Apr24)
=2109.207/1913.442
=1.10231039

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr23)
=2047.027/1866.263
=1.0968588

La-Z-Boy's asset turnover of this year was 1.10231039. La-Z-Boy's asset turnover of last year was 1.0968588. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

La-Z-Boy has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

La-Z-Boy  (NYSE:LZB) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


La-Z-Boy Piotroski F-Score Related Terms

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La-Z-Boy Business Description

Traded in Other Exchanges
Address
One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment.
Executives
Janet Kerr director 50 CASTILIAN DR, GOLETA CA 93117
Jennifer Lynn Mccurry officer: Chief Accounting Officer ONE LA-Z-BOY DRIVE, MONROE MI 48162
Michael Adam Leggett officer: Sr VP & Chief Supply Chain Off 1 LA-Z-BOY DRIVE, MONROE MI 48162
Raza Syed Haider director ONE LA-Z-BOY DRIVE, MONROE MI 48162
Rebecca M Reeder officer: Pres., Retail LZB Furn. Gall. 1 LA-Z-BOY DRIVE, MONROE MI 48162
Mark Stephen Lavigne director 533 MARYVILLE UNIVERSITY DRIVE, ST. LOUIS MO 63141
Katherine E. Vanderjagt officer: VP & Chief HR Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Carol Young Lee officer: VP & Chief Information Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Bryan Keith Wilson officer: President Int'l & Joybird 6 BELL STREET, MAIDENHEAD, BERKS X0 SL6 1BU
Terrence James Linz officer: President, La-Z-Boy Retail 1 LA-Z-BOY DRIVE, MONROE MI 48162
Robert Ii Sundy officer: SVP & Chief Commercial Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Kurt L Darrow director, officer: Chairman, President & CEO ONE LA-Z-BOY DRIVE, MONROE MI 48162
Erika L. Alexander director 10400 FERNWOOD RD., BETHESDA MD 20817
Otis S Sawyer officer: Senior Vice President ONE LA-Z-BOY DRIVE, MONROE MI 48162
Raphaell Z. Richmond officer: VP, GC & Chief Compliance Off ONE LA-Z-BOY DRIVE, MONROE MI 48162