LOUISIANA-PACIFIC CORPORATION

LPX · Materials · $5.2B mkt cap · FY2025 filings · Narrow moat

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Narrow moat

The four filters

Pricing power18

Median gross margin 26.6% over 10y, variable.

Returns on capital93

Median ROIC 29.0%, above the 9% hurdle in 80% of years.

Balance-sheet safety79

Net debt/EBITDA 0.2x, interest coverage 12x.

Capital discipline57

Owner earnings -0.3%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

11% above value

Owner earnings (normalized): $420.0M
Est. intrinsic value / share: $66.67
Recent price: $73.91
Discount to value: 11% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell LPX. See the disclaimer.