La-Z-Boy Incorporated (LZB) Financial Ratios
30 years of historical data (1997–2026) · Consumer Cyclical · Furnishings, Fixtures & Appliances
EV/EBITDA
↑
13.61
↑+96% vs avg
5yr avg: 6.93
30Y Low4.1·High52.4
P/FCF
↓
12.80
↓-88% vs avg
5yr avg: 105.83
30Y Low3.8·High83.5
P/B Ratio
↓
1.54
+8% vs avg
5yr avg: 1.43
30Y Low0.4·High2.6
ROE
↓
9.7%
↑-28% vs avg
5yr avg: 13.5%
30Y Low-32%·High22%
Debt/EBITDA
↑
4.05
↑+88% vs avg
5yr avg: 2.16
30Y Low0.0·High13.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LZB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
La-Z-Boy Incorporated trades at 16.1x earnings, 37% above its 5-year average of 11.8x, sitting at the 38th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 24%. On a free-cash-flow basis, the stock trades at 12.8x P/FCF, 88% below the 5-year average of 105.8x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $1.5B | $1.7B | $1.4B | $1.2B | $1.2B | $2.1B | $1.1B | $1.6B | $1.4B | $1.4B |
| Enterprise Value | $1.9B | $1.7B | $1.8B | $1.6B | $1.3B | $1.3B | $2.0B | $1.2B | $1.4B | $1.3B | $1.2B |
| P/E Ratio → | 16.06 | 14.33 | 16.81 | 11.60 | 8.26 | 7.75 | 19.33 | 14.13 | 22.62 | 17.14 | 16.13 |
| P/S Ratio | 0.77 | 0.69 | 0.79 | 0.69 | 0.53 | 0.49 | 1.19 | 0.64 | 0.89 | 0.88 | 0.91 |
| P/B Ratio | 1.54 | 1.38 | 1.62 | 1.40 | 1.30 | 1.42 | 2.64 | 1.53 | 2.23 | 2.22 | 2.30 |
| P/FCF | 12.80 | 11.45 | 14.80 | 13.59 | 9.11 | 480.22 | 7.58 | 9.27 | 15.17 | 17.46 | 10.81 |
| P/OCF | 8.02 | 7.17 | 8.93 | 8.99 | 6.05 | 14.73 | 6.65 | 6.67 | 10.30 | 11.98 | 9.33 |
P/E links to full P/E history page with 30-year chart
LZB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
La-Z-Boy Incorporated's enterprise value stands at 13.6x EBITDA, 96% above its 5-year average of 6.9x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 12% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.81 | 0.87 | 0.76 | 0.57 | 0.57 | 1.17 | 0.73 | 0.82 | 0.79 | 0.82 |
| EV / EBITDA | 13.61 | 12.37 | 7.07 | 5.67 | 4.10 | 5.46 | 11.95 | 8.30 | 8.85 | 7.77 | 7.76 |
| EV / EBIT | 14.68 | 12.37 | 12.43 | 9.40 | 6.52 | 6.52 | 13.78 | 8.55 | 11.19 | 9.67 | 9.40 |
| EV / FCF | — | 13.49 | 16.24 | 14.94 | 9.86 | 554.99 | 7.46 | 10.52 | 13.91 | 15.77 | 9.70 |
LZB Profitability
Margins and return-on-capital ratios measuring operating efficiency
La-Z-Boy Incorporated earns an operating margin of 6.1%, above the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 7.4% to 6.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 9.7% is modest. ROIC of 7.7% represents adequate returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.0% | 44.0% | 43.9% | 43.1% | 42.9% | 37.3% | 42.7% | 42.3% | 40.3% | 39.3% | 39.9% |
| Operating Margin | 6.1% | 6.1% | 6.4% | 7.4% | 9.0% | 8.8% | 7.9% | 7.0% | 7.4% | 8.2% | 8.6% |
| Net Profit Margin | 4.8% | 4.8% | 4.7% | 6.0% | 6.4% | 6.4% | 6.1% | 4.5% | 3.9% | 5.1% | 5.7% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.7% | 9.7% | 9.7% | 12.5% | 17.0% | 18.7% | 14.2% | 11.0% | 10.4% | 13.2% | 14.8% |
| ROA | 5.1% | 5.1% | 5.2% | 6.5% | 7.7% | 7.6% | 6.4% | 6.2% | 7.0% | 9.1% | 10.2% |
| ROIC | 7.7% | 7.7% | 8.7% | 10.2% | 15.4% | 17.7% | 12.7% | 12.4% | 18.4% | 20.4% | 21.6% |
| ROCE | 8.3% | 8.3% | 9.1% | 10.5% | 15.2% | 15.4% | 11.5% | 12.5% | 16.9% | 18.5% | 19.6% |
LZB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
La-Z-Boy Incorporated carries a Debt/EBITDA ratio of 4.0x, which is highly leveraged (15% below the sector average of 4.8x). Net debt stands at $261M ($564M total debt minus $303M cash). Interest coverage of 266.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.53 | 0.53 | 0.48 | 0.48 | 0.47 | 0.52 | 0.46 | 0.57 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 4.05 | 4.05 | 1.89 | 1.75 | 1.36 | 1.74 | 2.14 | 2.73 | 0.00 | 0.00 | 0.00 |
| Net Debt / Equity | — | 0.25 | 0.16 | 0.14 | 0.11 | 0.22 | -0.04 | 0.21 | -0.19 | -0.21 | -0.24 |
| Net Debt / EBITDA | 1.87 | 1.87 | 0.63 | 0.51 | 0.31 | 0.74 | -0.19 | 0.99 | -0.81 | -0.83 | -0.88 |
| Debt / FCF | — | 2.04 | 1.44 | 1.34 | 0.75 | 74.78 | -0.12 | 1.25 | -1.27 | -1.69 | -1.11 |
| Interest Coverage | 266.01 | 266.01 | 270.97 | 365.29 | 384.93 | 230.67 | 105.97 | 112.63 | 82.49 | 240.57 | 122.85 |
LZB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.80x means La-Z-Boy Incorporated can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.29x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.91x to 1.80x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.80 | 1.80 | 1.91 | 1.91 | 1.80 | 1.41 | 1.51 | 1.79 | 2.27 | 2.86 | 2.60 |
| Quick Ratio | 1.29 | 1.29 | 1.31 | 1.31 | 1.22 | 0.96 | 1.14 | 1.27 | 1.44 | 1.84 | 1.72 |
| Cash Ratio | 0.71 | 0.71 | 0.79 | 0.80 | 0.74 | 0.39 | 0.68 | 0.75 | 0.63 | 0.83 | 0.80 |
| Asset Turnover | — | 1.04 | 1.10 | 1.07 | 1.26 | 1.14 | 0.91 | 1.19 | 1.65 | 1.77 | 1.71 |
| Inventory Turnover | 5.45 | 5.45 | 4.63 | 4.43 | 4.85 | 4.87 | 4.40 | 5.41 | 5.30 | 5.20 | 5.22 |
| Days Sales Outstanding | — | 22.49 | 24.15 | 31.16 | 26.48 | 49.98 | 29.33 | 21.28 | 29.96 | 35.50 | 36.22 |
LZB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
La-Z-Boy Incorporated returns 5.2% to shareholders annually — split between a 2.3% dividend yield and 2.9% buyback yield. The payout ratio of 37.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.3% | 2.6% | 2.1% | 2.3% | 2.4% | 2.4% | 0.8% | 2.3% | 1.5% | 1.6% | 1.5% |
| Payout Ratio | 37.2% | 37.2% | 35.1% | 26.6% | 19.8% | 18.5% | 15.5% | 32.4% | 34.3% | 27.2% | 24.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.2% | 7.0% | 5.9% | 8.6% | 12.1% | 12.9% | 5.2% | 7.1% | 4.4% | 5.8% | 6.2% |
| FCF Yield | 7.8% | 8.7% | 6.8% | 7.4% | 11.0% | 0.2% | 13.2% | 10.8% | 6.6% | 5.7% | 9.3% |
| Buyback Yield | 2.9% | 3.2% | 4.7% | 3.7% | 0.4% | 7.8% | 2.1% | 4.0% | 1.5% | 4.1% | 2.6% |
| Total Shareholder Yield | 5.2% | 5.8% | 6.7% | 6.0% | 2.8% | 10.2% | 2.9% | 6.2% | 3.0% | 5.7% | 4.1% |
| Shares Outstanding | — | $41M | $42M | $43M | $43M | $44M | $46M | $47M | $47M | $48M | $49M |
Peer Comparison
Compare LZB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LZBYou | $2B | 16.1 | 13.6 | 12.8 | 44.0% | 6.1% | 9.7% | 7.7% | 4.0 |
 ETH | $415M | 8.1 | 7.5 | 8239.4 | 60.5% | 10.1% | 10.7% | 7.6% | 2.0 |
 MLKN | $1B | -31.1 | 14.3 | 11.0 | 38.8% | 1.4% | -2.6% | 1.3% | 9.5 |
 HNI | $2B | 31.4 | 8.9 | 7.8 | 41.4% | 8.4% | 4.1% | 7.8% | 4.7 |
 SNBR | $5M | -0.0 | 16.5 | — | 59.0% | 0.3% | — | 0.7% | 16.4 |
 WSM | $27B | 25.7 | 16.5 | 25.3 | 46.2% | 18.1% | 51.5% | 44.3% | 0.9 |
 RH | $3B | 23.5 | 12.6 | 11.1 | 44.1% | 11.3% | 205.9% | 7.5% | 7.4 |
 ARHS | $1B | 15.1 | 7.6 | 17.4 | 38.9% | 6.4% | 17.7% | 9.6% | 3.3 |
 LOVE | $212M | 51.7 | 14.7 | 8.1 | 54.2% | 0.8% | 1.9% | 1.3% | 9.4 |
 PRPL | $47M | -0.9 | — | — | 40.2% | -6.8% | — | -15.8% | — |
 LEG | $1B | 6.5 | 7.0 | 5.3 | 18.1% | 6.1% | 27.5% | 8.3% | 4.5 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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LZB — Frequently Asked Questions
Quick answers to the most common questions about buying LZB stock.
What is La-Z-Boy Incorporated's P/E ratio?
La-Z-Boy Incorporated's current P/E ratio is 16.1x. The historical average is 22.4x. This places it at the 38th percentile of its historical range.
What is La-Z-Boy Incorporated's EV/EBITDA?
La-Z-Boy Incorporated's current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.1x.
What is La-Z-Boy Incorporated's ROE?
La-Z-Boy Incorporated's return on equity (ROE) is 9.7%. The historical average is 9.1%.
Is LZB stock overvalued?
Based on historical data, La-Z-Boy Incorporated is trading at a P/E of 16.1x. This is at the 38th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is La-Z-Boy Incorporated's dividend yield?
La-Z-Boy Incorporated's current dividend yield is 2.31% with a payout ratio of 37.2%.
What are La-Z-Boy Incorporated's profit margins?
La-Z-Boy Incorporated has 44.0% gross margin and 6.1% operating margin.
How much debt does La-Z-Boy Incorporated have?
La-Z-Boy Incorporated's Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.