Stock fact sheet · data as of
La-Z-Boy Incorporated (LZB): fair value, margin of safety and Wheel Score
Consumer Cyclical · Furnishings, Fixtures & Appliances · United States · Value
Is LZB undervalued?
LZB closed at 30.46 on 16 Oct 2026, 15% below the GLS average fair value of 35.65 from 9 models (5 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" rule of the Sunday Scan, and the Wheel Score gives it 19 of the 25 Value points.
The 9 models disagree widely: GLS Growth gives 1.91 while 10 Cap gives 77.61. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files LZB under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for LZB
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 48.20 | +58% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 34.08 | +12% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 57.22 | +88% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 20.60 | -32% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.91 | -94% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 77.61 | +155% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 44.36 | +46% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 14.24 | -53% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 22.64 | -26% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -5.14 | -117% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 40.00 | +31% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - LZB passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 5.9 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are moderate - ROIC 6.3%, ROE 9.7%, ROA 5.0% - with debt at 0.54 times equity and a free-cash-flow yield of 8.5%.
The dividend yield is 3.18% at a payout ratio of 47%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Stationary Upholstery Furniture 81%, Delivery 8%, Bedroom Furniture 6% (quarter Q1 FY2027).
Institutional ownership scores 10/10, insider activity 3/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 6.3% |
|---|---|---|---|
| GLS Moat | 5.9 / 10 | ROE | 9.7% |
| Debt / equity | 0.54 | ROA | 5.0% |
| Free-cash-flow yield | 8.5% | Payout ratio | 47% |
| Institutions | 10 / 10 | Insiders · Congress | 3 · 5 / 10 |
Wheel Score 74: Good
LZB scores 74 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 19/25), Piotroski health (13/20), the GLS moat (9/15), the option premium on offer (20/20) and how easily the stock trades (13/20). Moat (9/15) is the part holding the score back.
Implied volatility is 52% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 4,368 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 595k shares a day on a market cap of $1.2B, with a beta of 1.25 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 19 / 25 | 15% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 9 / 15 | moat 5.9/10 | |
| Premium | 20 / 20 | implied volatility 52% | |
| Stability | 13 / 20 | 595k shares/day, $1.2B cap, beta 1.25 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 17 Nov 2026 (after the close), 32 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Furnishings, Fixtures & Appliances
The 12 companies below are the closest to La-Z-Boy Incorporated by market cap within the Furnishings, Fixtures & Appliances industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| MBC MasterBrand, Inc. | 6.84 | 15.05 | +55% | 45Weak | $1.4B |
| MLKN MillerKnoll, Inc. | 21.68 | 38.02 | +43% | 78Good | $1.5B |
| WHR Whirlpool Corporation | 27.63 | 59.54 | +54% | 74Good | $1.8B |
| TILE Interface, Inc. | 35.14 | 50.48 | +30% | 82Prime | $2.0B |
| PATK Patrick Industries, Inc. | 63.31 | 89.63 | +29% | 82Prime | $2.0B |
| XMAX XMAX, Inc. | 8.42 | 3.67 | -130% | 39Weak | $546M |
| ETD Ethan Allen Interiors Inc. | 20.06 | 27.79 | +28% | 75Good | $506M |
| FLXS Flexsteel Industries, Inc. | 86.77 | 175.71 | +51% | 39No options | $465M |
| HBB Hamilton Beach Brands Holding Company | 34.31 | 102.36 | +66% | 74Good | $461M |
| HNI HNI Corporation | 47.05 | 8.55 | -450% | 53Fair | $3.4B |
| LOVE The Lovesac Company | 14.75 | 32.06 | +54% | 66Good | $213M |
| LCUT Lifetime Brands, Inc. | 8.79 | 14.62 | +40% | 63Fair | $202M |
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Start free See the Sunday ScanQuestions about LZB
Is LZB undervalued right now?
By the GLS models, moderately: at 30.46 the stock trades 15% below the average fair value of 35.65 (data as of 16 Oct 2026).
What is the Wheel Score of LZB and what does it mean?
LZB scores 74 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for LZB?
35.65 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does La-Z-Boy Incorporated report earnings next?
The next earnings report is due on 17 Nov 2026 (after the close), 32 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does LZB have listed options, and how liquid are they?
Yes. The nightly snapshot found 98 listed contracts with 4,368 open interest across all expiries and implied volatility of 52% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.