Leggett & PlattLEG -2.76%65 Return-on-Tangible-Asset is 2.98% as of Mar. 2026, which is 73% below its 10-year median of 11.22. GuruFocus rates LEG with a GF Score™ of 65/100 and a GF Value™ of $10.27 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 432 Furnishings, Fixtures & Appliances companies, Leggett & Platt ranks better than 83.8% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Leggett & Platt's annualizedNet Income for the quarter that ended in Mar. 2026 was $80 Mil. Leggett & Platt's average total tangible assets for the quarter that ended in Mar. 2026 was $2,689 Mil. Therefore, Leggett & Platt's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.98%.
The historical rank and industry rank for Leggett & Platt's Return-on-Tangible-Asset or its related term are showing as below:
LEG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.93 Med: 11.22 Max: 19.3
Current: 8.13
During the past 13 years, Leggett & Platt's highest Return-on-Tangible-Asset was 19.30%. The lowest was -17.93%. And the median was 11.22%.
LEG's Return-on-Tangible-Asset is ranked better than 83.8% of 432
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.405
vs LEG: 8.13
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Leggett & Platt Return-on-Tangible-Asset Related Terms
Leggett & Platt Return-on-Tangible-Asset Historical Data
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The historical data trend for Leggett & Platt's Return-on-Tangible-Asset 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.
LEG vs LZB, MLKN, MBC: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, Leggett & Platt's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Leggett & Platt's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Leggett & Platt's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.98% mean?
Leggett & Platt (LEG) has a Return-on-Tangible-Asset of 2.98% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Leggett & Platt and its competitors. This is 73% below median its historical median of 11.22. According to the industry distribution chart, Leggett & Platt ranks #70 out of 432 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 16.2%.
Is Leggett & Platt's Return-on-Tangible-Asset too high?
Leggett & Platt's current Return-on-Tangible-Asset of 2.98% is 73% below median its 10-year median of 11.22. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.41. Leggett & Platt's value of 2.98% is 23.9% above this industry median. Based on the distribution chart, Leggett & Platt ranks #70 out of 432 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Leggett & Platt has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leggett & Platt's Return-on-Tangible-Asset compare to LZB and MLKN?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Leggett & Platt ranks #70 out of 432 companies for Return-on-Tangible-Asset. This places Leggett & Platt in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.41. Leggett & Platt's value of 2.98% is 23.9% above this benchmark. While the company's 10-year median is 11.22 vs. the industry median of 2.41, Leggett & Platt has consistently been above 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 Return-on-Tangible-Asset for a Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.41, based on 432 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Leggett & Platt's current Return-on-Tangible-Asset of 2.98% is 23.9% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Leggett & Platt and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leggett & Platt's current Return-on-Tangible-Asset is 2.98%, which is 73% below median its own 10-year median of 11.22. 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?
Based on GuruFocus' analysis, Leggett & Platt (LEG) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.27, compared to a current price of $11.61 — trading 13% above its estimated fair value. The current Return-on-Tangible-Asset is 2.98%, which is 73% below median its 10-year median of 11.22 and 23.9% above the Furnishings, Fixtures & Appliances industry median of 2.41. Leggett & Platt's overall GF Score™ is 65/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Leggett & Platt (LEG), the current Return-on-Tangible-Asset is 2.98% as of Mar. 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 (LEG) Overvalued in 2026?
Based on GuruFocus' analysis, Leggett & Platt stock appears to be overvalued.
The current stock price of $11.61 is trading 13% above its estimated GF Value™ of $10.27.
GuruFocus considers Leggett & Platt to be Modestly Overvalued.
Key valuation signals for LEG:
Return-on-Tangible-Asset: 2.98% (73% below median its 10-year median of 11.22)
GF Value™: $10.27 vs. price of $11.61 (13% above fair value)
Industry Position: 23.9% above the Furnishings, Fixtures & Appliances median (#70 of 432)
No single metric tells the full story. See the LEG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
65GF Score
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