Is HNI or LEG more undervalued in 2026?

CirclFi compares HNI Corporation (HNI) and Leggett & Platt, Incorporated (LEG) using 13 institutional-grade valuation models. HNI has a Quality of Company score of 7.8/10 while LEG scores 9.0/10.

Which is a better buy — HNI or LEG?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do HNI and LEG valuations compare?

HNI at $31.76 and LEG at $10.38 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HNI vs LEG Valuation Comparison 2026 — Intrinsic Value Analysis

HNI

Furnishings, Fixtures & Appliances

HNI Corporation

Quality

7.8

out of 10

Value Trap

SAFE

Price

$31.76

Last close

Models

12/13

Active

LEG

Furnishings, Fixtures & Appliances

Leggett & Platt, Incorporated

Quality

9.0

out of 10

Value Trap

SAFE

Price

$10.38

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	HNI Fair Value	HNI Upside	LEG Fair Value	LEG Upside
Bayesian DCF	Intrinsic	$10.58	-65.5%	$17.15	+65.2%
Earnings Power Value	Intrinsic	$3.70	-88.3%	—	—
EROIC Spread	Intrinsic	$19.67	-38.1%	$42.83	+312.6%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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HNI vs LEG — Which Stock Is More Undervalued?

LEG scores higher with a 9.0/10 quality rating vs HNI's 7.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing HNI Corporation (HNI) and Leggett & Platt, Incorporated (LEG) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

HNI currently trades at $31.76 with a QOC of 7.8/10, while LEG trades at $10.38 with a QOC of 9.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).