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Leggett & Platt (Leggett & Platt) Cyclically Adjusted Price-to-FCF : 6.00 (As of Apr. 27, 2024)


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What is Leggett & Platt Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Leggett & Platt's current share price is $17.99. Leggett & Platt's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.00. Leggett & Platt's Cyclically Adjusted Price-to-FCF for today is 6.00.

The historical rank and industry rank for Leggett & Platt's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LEG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.89   Med: 16.46   Max: 22.52
Current: 6.01

During the past years, Leggett & Platt's highest Cyclically Adjusted Price-to-FCF was 22.52. The lowest was 5.89. And the median was 16.46.

LEG's Cyclically Adjusted Price-to-FCF is ranked better than
85% of 180 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 17.615 vs LEG: 6.01

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Leggett & Platt's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.898. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $3.00 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Leggett & Platt Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Leggett & Platt's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

Leggett & Platt Cyclically Adjusted Price-to-FCF Chart

Leggett & Platt Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.15 16.28 14.61 11.05 8.74

Leggett & Platt Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.05 10.60 9.78 8.31 8.74

Competitive Comparison of Leggett & Platt's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, Leggett & Platt's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Leggett & Platt's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Leggett & Platt's Cyclically Adjusted Price-to-FCF falls into.



Leggett & Platt Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Leggett & Platt's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.99/3
=6.00

* 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.

Leggett & Platt's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Leggett & Platt's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.898/129.4194*129.4194
=0.898

Current CPI (Dec. 2023) = 129.4194.

Leggett & Platt Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.242 99.695 -0.314
201406 0.558 100.560 0.718
201409 0.756 100.428 0.974
201412 0.943 99.070 1.232
201503 0.072 99.621 0.094
201506 0.455 100.684 0.585
201509 0.721 100.392 0.929
201512 0.546 99.792 0.708
201603 0.592 100.470 0.763
201606 0.861 101.688 1.096
201609 0.706 101.861 0.897
201612 0.904 101.863 1.149
201703 0.169 102.862 0.213
201706 0.390 103.349 0.488
201709 0.478 104.136 0.594
201712 1.037 104.011 1.290
201803 0.028 105.290 0.034
201806 0.293 106.317 0.357
201809 0.632 106.507 0.768
201812 1.131 105.998 1.381
201903 -0.003 107.251 -0.004
201906 0.988 108.070 1.183
201909 1.332 108.329 1.591
201912 1.554 108.420 1.855
202003 -0.102 108.902 -0.121
202006 0.688 108.767 0.819
202009 1.852 109.815 2.183
202012 1.504 109.897 1.771
202103 -0.254 111.754 -0.294
202106 0.116 114.631 0.131
202109 0.170 115.734 0.190
202112 1.171 117.630 1.288
202203 0.148 121.301 0.158
202206 0.495 125.017 0.512
202209 0.300 125.227 0.310
202212 1.559 125.222 1.611
202303 0.433 127.348 0.440
202306 0.586 128.729 0.589
202309 0.889 129.860 0.886
202312 0.898 129.419 0.898

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Leggett & Platt  (NYSE:LEG) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Leggett & Platt Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Leggett & Platt's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Leggett & Platt (Leggett & Platt) Business Description

Traded in Other Exchanges
Address
No. 1 Leggett Road, Carthage, MO, USA, 64836
Leggett & Platt Inc designs and produces engineered components and products found in most homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring and Textile 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.
Executives
Ryan Michael Kleiboeker officer: SVP-Chief Strategic Plan. Off. NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Phoebe A Wood director PO BOX 1080, LOUISVILLE KY 40201
Scott S Douglas officer: SVP-Gen. Counsel and Secretary NO 1 LEGGETT ROAD, CARTHAGE MO 64836
Karl G Glassman director, officer: Executive Vice President LEGGETT & PLATT, INCORPORATED, NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Angela Barbee director NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Benjamin Michael Burns officer: SVP-Business Support Services NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
James Tyson Hagale officer: SVP, Pres. - Bedding Products NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Christina Ptasinski officer: SVP - Chief HR Officer NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
J Mitchell Dolloff director, officer: President and COO NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Steven K Henderson officer: Executive Vice President NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Tammy M Trent officer: SVP - Chief Accounting Officer NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Jeffrey L. Tate officer: Executive Vice President - CFO 2211 H.H. DOW WAY, MIDLAND MI 48674
Susan R Mccoy officer: SVP - Investor Relations NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Judy C Odom director 2140 MERRITT DRIVE, GARLAND TX 75401
Maryelizabeth R Campbell director NO. 1 LEGGETT ROAD, CARTHAGE MO 64836

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