La-Z-Boy Incorporated (LZB) Key Metrics
LZB valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.20B
- Enterprise value
- $1.48B
- P/E (TTM)
- 15.2 10-yr median 15.1
- Forward P/E
- 11.8
- PEG ratio
- 1.07
- Price / sales
- 0.6 10-yr median 0.7
- Price / book
- 1.2 10-yr median 1.6
- EV / EBITDA
- 6.0 10-yr median 6.3
- Dividend yield
- 3.23% $0.97 a year
- Beta
- 1.25
LZB key metrics, FY2017–FY2026
Fiscal year ended April 30, 2026 · U.S. dollarsLZB valuation Price multiples at each fiscal year-end price.
LZB returns How much profit the business earns on the capital it uses.
LZB per-share figures Results divided by the shares outstanding at year-end.
LZB financial health Debt, liquidity and how easily interest is covered.
LZB efficiency & capital use Working capital cycle and where the cash goes.
LZB valuation history
LZB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LZB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LZB cash returned to shareholders
LZB price vs earnings per share
LZB key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.44B | $1.67B | $1.42B | $1.24B | $1.16B | $2.06B | $1.10B | $1.55B | $1.39B | $1.38B |
| Enterprise value | $1.70B | $1.83B | $1.56B | $1.34B | $1.33B | $2.01B | $1.24B | $1.40B | $1.24B | $1.24B |
| P/E ratio | 14.1 | 16.8 | 11.6 | 8.2 | 7.8 | 19.4 | 14.1 | 22.6 | 17.1 | 16.1 |
| Price / sales | 0.7 | 0.8 | 0.7 | 0.5 | 0.5 | 1.2 | 0.6 | 0.9 | 0.9 | 0.9 |
| Price / book | 1.4 | 1.6 | 1.4 | 1.3 | 1.4 | 2.7 | 1.6 | 2.3 | 2.3 | 2.3 |
| Price / free cash flow | 11.2 | 14.8 | 13.6 | 9.1 | 480.2 | 7.6 | 9.3 | 15.2 | 17.5 | 10.8 |
| Price / operating cash flow | 7.0 | 8.9 | 9.0 | 6.1 | 14.7 | 6.7 | 6.7 | 10.3 | 12.0 | 9.3 |
| EV / sales | 0.8 | 0.9 | 0.8 | 0.6 | 0.6 | 1.2 | 0.7 | 0.8 | 0.8 | 0.8 |
| EV / EBITDA | 5.9 | 6.8 | 5.3 | 4.1 | 4.2 | 11.1 | 5.1 | 8.9 | 7.7 | 7.7 |
| EV / free cash flow | 13.3 | 16.2 | 14.9 | 9.8 | 547.8 | 7.4 | 10.5 | 13.7 | 15.6 | 9.7 |
| Earnings yield | 7.1% | 6.0% | 8.6% | 12.1% | 12.9% | 5.2% | 7.1% | 4.4% | 5.8% | 6.2% |
| Free cash flow yield | 8.9% | 6.8% | 7.4% | 11.0% | 0.2% | 13.2% | 10.8% | 6.6% | 5.7% | 9.3% |
| Dividend yield | 2.6% | 2.1% | 2.3% | 2.4% | 2.4% | 0.8% | 2.3% | 1.5% | 1.6% | 1.5% |
| Shareholder yield (dividends + buybacks) | 5.9% | 6.7% | 6.0% | 2.8% | 10.2% | 2.9% | 6.2% | 3.0% | 5.7% | 4.1% |
| Share price at fiscal year-end | $34.74 | $39.50 | $32.84 | $28.73 | $26.28 | $44.46 | $23.45 | $32.80 | $28.80 | $27.90 |
| Per share | ||||||||||
| Revenue per share | $51.44 | $49.81 | $47.30 | $54.33 | $53.21 | $37.40 | $36.46 | $36.87 | $32.91 | $30.73 |
| Earnings per share | $2.47 | $2.35 | $2.83 | $3.48 | $3.39 | $2.30 | $1.66 | $1.45 | $1.68 | $1.74 |
| Operating cash flow per share | $4.94 | $4.42 | $3.65 | $4.74 | $1.78 | $6.68 | $3.51 | $3.18 | $2.40 | $2.99 |
| Free cash flow per share | $3.09 | $2.67 | $2.42 | $3.15 | $0.05 | $5.87 | $2.53 | $2.16 | $1.65 | $2.58 |
| Cash per share | $7.33 | $7.82 | $8.04 | $8.09 | $6.01 | $8.96 | $5.60 | $3.19 | $3.13 | $2.87 |
| Book value per share | $25.40 | $24.10 | $23.18 | $21.78 | $18.30 | $16.68 | $14.99 | $14.42 | $12.72 | $11.92 |
| Tangible book value per share | $17.64 | $18.04 | $17.13 | $16.13 | $13.14 | $12.23 | $10.94 | $9.86 | $10.78 | $10.05 |
| Dividends per share | $0.92 | $0.83 | $0.75 | $0.69 | $0.63 | $0.36 | $0.54 | $0.50 | $0.46 | $0.42 |
| Capex per share | $1.85 | $1.75 | $1.24 | $1.59 | $1.73 | $0.82 | $0.99 | $1.02 | $0.75 | $0.41 |
| Debt per share | $13.65 | $11.59 | $11.13 | $10.31 | $9.71 | $7.82 | $8.76 | $0.00 | $0.01 | $0.01 |
| Shares outstanding | 41.3M | 42.3M | 43.3M | 43.2M | 44.3M | 46.4M | 46.7M | 47.3M | 48.1M | 49.5M |
| Change in shares outstanding | −2.4% | −2.2% | +0.1% | −2.4% | −4.5% | −0.8% | −1.3% | −1.7% | −2.7% | −2.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.9% | 9.8% | 12.6% | 17.2% | 18.9% | 14.4% | 11.2% | 10.6% | 13.5% | 15.1% |
| Return on invested capital (ROIC) | 7.7% | 8.0% | 10.4% | 15.5% | 18.1% | 12.8% | 11.8% | 19.2% | 18.0% | 19.7% |
| Return on assets (ROA) | 5.1% | 5.2% | 6.5% | 7.7% | 7.6% | 6.4% | 6.2% | 7.0% | 9.1% | 10.2% |
| Return on tangible assets | 5.9% | 6.0% | 7.4% | 9.3% | 8.2% | 6.3% | 6.2% | 8.1% | 10.1% | 10.8% |
| Free cash flow margin | 6.0% | 5.4% | 5.1% | 5.8% | 0.1% | 15.7% | 6.9% | 5.9% | 5.0% | 8.4% |
| Income quality (OCF / net income) | 2.00 | 1.88 | 1.29 | 1.36 | 0.53 | 2.91 | 2.12 | 2.20 | 1.43 | 1.72 |
| Financial health | ||||||||||
| Total debt | $564.3M | $490.9M | $481.8M | $445.9M | $430.1M | $362.6M | $409.5M | $199,000 | $422,000 | $418,000 |
| Cash & short-term investments | $303.2M | $331.1M | $347.9M | $349.8M | $266.2M | $415.3M | $261.6M | $151.2M | $150.8M | $141.9M |
| Net debt | $261.1M | $159.8M | $133.8M | $96.1M | $163.9M | −$52.6M | $148.0M | −$151.0M | −$150.4M | −$141.4M |
| Debt / equity | 0.54 | 0.48 | 0.48 | 0.47 | 0.53 | 0.47 | 0.58 | 0.00 | 0.00 | 0.00 |
| Debt / assets | 0.28 | 0.26 | 0.25 | 0.24 | 0.21 | 0.19 | 0.29 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | 0.91 | 0.59 | 0.46 | 0.30 | 0.51 | −0.29 | 0.61 | −0.95 | −0.93 | −0.88 |
| Current ratio | 1.80 | 1.91 | 1.91 | 1.80 | 1.41 | 1.51 | 1.79 | 2.27 | 2.86 | 2.60 |
| Quick ratio | 1.29 | 1.31 | 1.31 | 1.22 | 0.96 | 1.14 | 1.27 | 1.44 | 1.84 | 1.72 |
| Interest coverage | 246.6 | 249.2 | 331.4 | 394.5 | 231.0 | 98.4 | 92.0 | 84.1 | 240.5 | 121.7 |
| Working capital | $344.0M | $384.9M | $399.5M | $378.7M | $276.1M | $314.5M | $276.2M | $302.5M | $336.9M | $318.7M |
| Invested capital | $1.31B | $1.18B | $1.14B | $1.04B | $974.6M | $720.9M | $848.7M | $531.5M | $461.8M | $448.5M |
| Tangible asset value | $741.8M | $775.2M | $751.7M | $707.7M | $591.0M | $575.9M | $526.6M | $481.2M | $531.8M | $508.4M |
| Net current asset value | −$205.7M | −$84.5M | −$63.3M | −$59.6M | −$297.1M | −$192.0M | −$92.3M | $178.3M | $250.5M | $229.7M |
| Graham number | $37.55 | $35.71 | $38.44 | $41.32 | $37.35 | $29.36 | $23.65 | $21.68 | $21.93 | $21.59 |
| Graham net-net per share | −$11.34 | −$7.72 | −$6.69 | −$6.90 | −$13.30 | −$10.47 | −$6.24 | −$0.12 | $1.89 | $1.11 |
| Capital allocation | ||||||||||
| Dividends paid | $37.9M | $35.0M | $32.7M | $29.9M | $27.7M | $16.5M | $25.1M | $23.5M | $22.0M | $20.7M |
| Share buybacks (net) | $47.3M | $77.9M | $52.8M | $5.0M | $90.6M | $44.2M | $43.4M | $23.0M | $56.7M | $36.0M |
| Dividend payout ratio | 37.2% | 35.1% | 26.6% | 19.8% | 18.5% | 15.5% | 32.4% | 34.3% | 27.2% | 24.0% |
| Dividends + buybacks / free cash flow | 66.7% | 99.9% | 81.7% | 25.6% | — | 22.3% | 57.9% | 45.4% | 99.2% | 44.3% |
| Capex / revenue | 3.6% | 3.5% | 2.6% | 2.9% | 3.2% | 2.2% | 2.7% | 2.8% | 2.3% | 1.3% |
| Capex / operating cash flow | 37.4% | 39.7% | 33.9% | 33.5% | 96.9% | 12.2% | 28.0% | 32.1% | 31.4% | 13.7% |
| Capex / depreciation | 0.58 | 0.60 | 0.43 | 0.59 | 0.68 | 0.39 | 0.47 | 1.55 | 1.14 | 0.70 |
| Stock-based compensation / revenue | 0.7% | 0.8% | 0.7% | 0.5% | 0.5% | 0.7% | 0.5% | 0.6% | 0.6% | 0.6% |
| R&D / revenue | — | 0.5% | 0.5% | 0.4% | 0.4% | 0.4% | 0.6% | 0.5% | 0.5% | 0.5% |
| SG&A / revenue | 37.0% | 36.5% | 35.1% | 33.9% | 28.2% | 34.4% | 33.2% | 32.8% | 31.1% | 31.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 23.2 | 27.2 | 30.8 | 38.3 | 35.8 | 25.1 | 26.0 | 31.1 | 35.1 | 35.7 |
| Days of inventory on hand | 72.6 | 80.0 | 84.5 | 78.9 | 65.4 | 74.9 | 70.3 | 66.8 | 68.3 | 70.1 |
| Days payables outstanding | 30.3 | 29.7 | 31.9 | 28.8 | 24.5 | 27.5 | 22.5 | 22.4 | 21.6 | 19.2 |
| Cash conversion cycle (days) | 65.5 | 77.5 | 83.3 | 88.4 | 76.7 | 72.5 | 73.8 | 75.5 | 81.9 | 86.6 |
| Receivables turnover | 15.72 | 13.42 | 11.86 | 9.53 | 10.20 | 14.53 | 14.05 | 11.74 | 10.39 | 10.22 |
| Payables turnover | 12.03 | 12.29 | 11.43 | 12.68 | 14.91 | 13.28 | 16.26 | 16.32 | 16.91 | 19.04 |
| Inventory turnover | 5.02 | 4.56 | 4.32 | 4.63 | 5.58 | 4.88 | 5.19 | 5.46 | 5.34 | 5.21 |
| Asset turnover | 1.07 | 1.10 | 1.08 | 1.19 | 1.19 | 1.04 | 1.37 | 1.79 | 1.78 | 1.80 |
| Average receivables | $135.3M | $157.1M | $172.6M | $246.6M | $231.0M | $119.3M | $121.3M | $148.7M | $152.5M | $148.7M |
| Average payables | $98.9M | $96.2M | $102.0M | $105.7M | $99.1M | $74.8M | $60.4M | $63.9M | $56.8M | $48.0M |
| Average inventory | $236.9M | $259.3M | $269.7M | $289.7M | $264.7M | $203.9M | $189.3M | $190.9M | $180.0M | $175.4M |
| Intangibles / total assets | 15.7% | 13.4% | 13.7% | 13.1% | 11.1% | 10.9% | 13.2% | 20.4% | 10.5% | 10.4% |
Computed from LZB's annual financial statements (latest annual report filed June 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LZB valuation and financial ratios
At the end of fiscal 2026 (April 30, 2026), La-Z-Boy traded at 14.1 times earnings, against a 10-year median of 15.1. Based on the latest twelve months, the trailing P/E is 15.2 and the forward P/E is 11.8. La-Z-Boy earned a return on equity of 9.9% and a return on invested capital of 7.7% in fiscal 2026. It ended the year with $564.3 million of debt and $303.2 million in cash and short-term investments, net debt of $261.1 million. It returned $85.2 million to shareholders: $37.9 million in dividends and $47.3 million in share buybacks, 67% of free cash flow. The share count fell 16.4% from 49.5M to 41.3M over 9 years.
See the LZB income statement, the LZB chart for price history, or the LZB stock overview for the latest quote and news.
LZB key metrics FAQ
What is La-Z-Boy's P/E ratio?
La-Z-Boy's trailing P/E ratio is 15.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.8. At the end of fiscal 2026 it was 14.1, compared with a 10-year median of 15.1.
What is La-Z-Boy's EV/EBITDA?
La-Z-Boy's enterprise value was 5.9 times EBITDA at the end of fiscal 2026 (enterprise value $1.7 billion, EBITDA $285.9 million); the current EV/EBITDA is 6.0.
What is La-Z-Boy's return on equity?
La-Z-Boy's return on equity (ROE) was 9.9% in fiscal 2026: net income of $102.0 million on average shareholders' equity of $1.0 billion.
What is La-Z-Boy's ROIC?
La-Z-Boy's return on invested capital was 7.7% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does La-Z-Boy have?
La-Z-Boy had total debt of $564.3 million at the end of fiscal 2026, a debt-to-equity ratio of 0.54 and $261.1 million of net debt (0.91 times EBITDA).
What is La-Z-Boy's dividend yield?
La-Z-Boy's forward dividend yield is 3.23%. La-Z-Boy paid $37.9 million in dividends in fiscal 2026 ($0.92 per share), a payout ratio of 37.2%.
Does La-Z-Boy buy back its shares?
Yes. La-Z-Boy spent $47.3 million on net share repurchases in fiscal 2026 Shares outstanding changed −2.4% over the year, to 41.3M..
What is La-Z-Boy's free cash flow yield?
La-Z-Boy generated $127.8 million of free cash flow in fiscal 2026, a free cash flow yield of 8.9% on its market value at year-end ($1.4 billion).
What is La-Z-Boy's current ratio?
La-Z-Boy's current ratio was 1.80 at the end of fiscal 2026: current assets were 1.80 times current liabilities.