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La-Z-Boy's quarterly gross PPE
increased
from Oct. 2025 ($810 Mil) to Jan. 2026 ($866 Mil) and
increased
from Jan. 2026 ($866 Mil) to Apr. 2026 ($1,376 Mil).
La-Z-Boy's annual gross PPE
increased
from Apr. 2024 ($1,190 Mil) to Apr. 2025 ($1,267 Mil) and
increased
from Apr. 2025 ($1,267 Mil) to Apr. 2026 ($1,376 Mil).
La-Z-Boy (NYSE:LZB) Gross Property, Plant and Equipment Explanation
A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.
Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.
Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.
La-Z-Boy Gross Property, Plant and Equipment Related Terms
La-Z-Boy Gross Property, Plant and Equipment Historical Data
* Premium members only.
The historical data trend for La-Z-Boy's Gross Property, Plant and Equipment 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.
La-Z-Boy Gross Property, Plant and Equipment Chart
La-Z-Boy Gross Property, Plant and Equipment Calculation
Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.
Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.
Some of the most common parts of property, plant, and equipment are:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars
There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.
The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.
For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.
All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.
The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.
What does a Gross Property, Plant and Equipment of $1,376 Mil mean?
La-Z-Boy (LZB) has a Gross Property, Plant and Equipment of $1,376 Mil as of Apr. 2026. The total gross property, plant and equipment assets recorded on a company's balance sheet. View historical data on La-Z-Boy and its competitors.
Is La-Z-Boy's Gross Property, Plant and Equipment too high?
La-Z-Boy's current Gross Property, Plant and Equipment is $1,376 Mil. Overall, La-Z-Boy has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does La-Z-Boy's Gross Property, Plant and Equipment compare to LEG and MLKN?
La-Z-Boy's Gross Property, Plant and Equipment of $1,376 Mil can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Property, Plant and Equipment for a Furnishings, Fixtures & Appliances company?
A good Gross Property, Plant and Equipment depends on the Furnishings, Fixtures & Appliances industry context. However, Gross Property, Plant and Equipment should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Property, Plant and Equipment mean?
A high Gross Property, Plant and Equipment can signal that a stock is expensive relative to its fundamentals. The total gross property, plant and equipment assets recorded on a company's balance sheet. View historical data on La-Z-Boy and its competitors. La-Z-Boy's current Gross Property, Plant and Equipment is $1,376 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is La-Z-Boy stock overvalued right now?
Based on GuruFocus' analysis, La-Z-Boy (LZB) is currently considered Fairly Valued. The stock's GF Value™ is $39.11, compared to a current price of $41.73 — trading 6.7% above its estimated fair value. The current Gross Property, Plant and Equipment is $1,376 Mil. La-Z-Boy's overall GF Score™ is 83/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Property, Plant and Equipment calculated?
Gross Property, Plant and Equipment is calculated from a company's financial statements. For La-Z-Boy (LZB), the current Gross Property, Plant and Equipment is $1,376 Mil as of Apr. 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 La-Z-Boy (LZB) Overvalued in 2026?
Based on GuruFocus' analysis, La-Z-Boy stock appears to be overvalued.
The current stock price of $41.73 is trading 6.7% above its estimated GF Value™ of $39.11.
GuruFocus considers La-Z-Boy to be Fairly Valued.
Key valuation signals for LZB:
Gross Property, Plant and Equipment: $1,376 Mil
GF Value™: $39.11 vs. price of $41.73 (6.7% above fair value)
No single metric tells the full story. See the LZB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
La-Z-Boy Inc is a world'wide producer of reclining chairs and one of the manufacturers/distributors of residential furniture in the United States. It manufacture, market, import, export, distribute and retail upholstery furniture products. In addition, it import, distribute and retail accessories and casegoods (wood) furniture products. Its reportable operating segments include the Retail segment and the Wholesale segment. Its Retail segment mainly sells upholstered furniture. Wholesale segment manufactures and imports upholstered and casegoods (wood) furniture and sells directly. The company generates majority of revenue from Wholesale segment which manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, etc.
83GF Score
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Gross Property, Plant and Equipment is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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