Is Leggett & Platt (LEG) Stock Undervalued Right Now?

Company Overview - Leggett & Platt (LEG) is currently rated with a Zacks Rank of 2 (Buy) and has a Value grade of A [3][6] - The stock is trading at a P/E ratio of 8.05, significantly lower than the industry average P/E of 10.94 [3] Valuation Metrics - LEG's P/B ratio stands at 1.76, which is attractive compared to the industry's average P/B of 1.93 [4] - The stock has a P/S ratio of 0.31, compared to the industry's average P/S of 0.41, indicating strong sales performance relative to its price [5] Investment Potential - The combination of LEG's low valuation metrics and strong earnings outlook suggests that the stock is likely undervalued at the moment, making it an impressive value stock [6]