Should Value Investors Buy Leggett & Platt (LEG) Stock?

Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, focusing on key valuation metrics to identify undervalued stocks [2][3] Company Analysis - Leggett & Platt (LEG) is highlighted as a strong value stock, currently holding a Zacks Rank of 2 (Buy) and an A for Value, with a P/E ratio of 8.30, significantly lower than the industry average of 10.56 [4] - LEG's Forward P/E has fluctuated between 7.93 and 18.87 over the past year, with a median of 10.57, indicating potential undervaluation [4] - The P/B ratio for LEG stands at 1.78, which is competitive compared to the industry average of 1.84, with its P/B ranging from 1.07 to 2.83 over the past year [5] - The P/S ratio for LEG is 0.29, lower than the industry's average of 0.41, suggesting strong sales performance relative to its price [6] Additional Company Insights - LaZBoy (LZB) is also mentioned as a value stock with a Zacks Rank of 2 (Buy) and a Value grade of A, featuring a P/B ratio of 1.75, which is comparable to the industry average [6][7] - LZB's P/B has varied between 1.38 and 1.87 over the past year, with a median of 1.63, indicating it may also be undervalued [7] - Both LEG and LZB are presented as attractive value stocks due to their strong earnings outlook and current valuation metrics [7]