One-glance verdict
Within fair range
$19.98 our estimate vs market $20.72
Wall Street consensus: $23.00 (15.1% higher than our fair-value estimate)
4% above our estimate
Fundamentals snapshot
Bassett Furniture Industries, Incorporated
BSET · NMS · Consumer Cyclical · Furnishings, Fixtures & Appliances
Current price
$20.72
52-week range
$13.17 - $22.26
Market cap
$179.26M
Balance sheet
Healthy
160.10x Strong cushion
Net debt $29.32M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 0.1% last year.
- Reward Returns 4.1% on equity, ahead of 16% of its peers.
- Risk Stock trades 95.7% above its 5-year average P/E.
- Risk Operating margin compressed from 6.2% to 3.3% over 3 years.
What this company does
Bassett Furniture Industries, Incorporated
Bassett Furniture Industries sells a wide variety of home furnishings, from sofas and beds to dining tables and outdoor items. The company makes money by selling its products to other furniture stores (its wholesale business) and by selling directly to customers in its own Bassett Home Furnishings stores and online. This means its financial health is closely tied to how much people are willing to spend on big-ticket items for their homes.
How the company got here
Bassett Furniture started in 1902 in Virginia when the Bassett family decided to use extra wood from their sawmill to make bedroom furniture. The company grew quickly and by the 1930s, different family furniture businesses merged to become Bassett Furniture Industries. A key moment was during World War II, when they made wooden truck beds for the military, which helped them expand their ability to make things. Over many years, the company grew by buying other furniture businesses and is now one of the oldest and most recognized furniture makers in the country.
What it actually does
Bassett sells a wide variety of home furnishings you would recognize, like sofas, dining tables, beds, and mattresses. They also offer home decor items such as lamps, rugs, and mirrors. A special service they provide is the ability for customers to customize their furniture, choosing from different fabrics and finishes. Many of their products are made in their own factories in the United States, and they sell them through their own stores, online, and through other furniture retailers.
Wholesale
This part of the business involves designing, making, and sourcing furniture to sell to other stores. These stores include Bassett's own branded locations as well as hundreds of other independent furniture retailers. The wholesale segment is the larger part of the company's business, making up the majority of its revenue (the total money the company brings in from sales). This division manufactures many of its upholstered and wooden furniture items in its own U.S. facilities.
Retail—Company-Owned Stores
This segment consists of the furniture stores that Bassett owns and operates itself across the country. In these stores, customers can see the furniture in person and get help from design consultants to plan their rooms, often for free. This part of the business makes money by selling furniture and accessories directly to everyday shoppers. While it's a smaller portion of the company's total revenue compared to wholesale, it's a key part of their strategy to build the Bassett brand.
What management is betting on now
The company's main focus is on growing its own branded retail stores and improving its online shopping experience. They are also investing in their U.S. manufacturing to deliver custom-built furniture to customers quickly, often within 30 days. To become more efficient, management is combining its wood manufacturing into fewer locations and getting rid of less popular product lines. There is also a strong emphasis on sustainability, with a program that plants new trees to replace the wood used in some of their furniture collections.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$5.10M
FY2025 Q2
$-923.00K
FY2025 Q3
$-2.64M
FY2025 Q4
$6.97M
FY2026 Q1
$-6.33M
FY2026 Q2
$5.63M
FY2026 Q3
$1.83M
Revenue
$82.84M
Net income
$2.10M
Diluted EPS
0.24
Operating cash flow
$6.12M
Free cash flow
$1.83M
Fetching…
Sources
Revenue
$83.75M
Net income
$2.04M
Diluted EPS
0.24
Operating cash flow
$7.36M
Free cash flow
$5.63M
Fetching…
Sources
Revenue
$80.34M
Net income
$1.12M
Diluted EPS
0.13
Operating cash flow
$-5.47M
Free cash flow
$-6.33M
Fetching…
Sources
Revenue
$88.67M
Net income
$1.53M
Diluted EPS
0.18
Operating cash flow
$7.76M
Free cash flow
$6.97M
Fetching…
Sources
Revenue
$80.10M
Net income
$801.00K
Diluted EPS
0.09
Operating cash flow
$-1.18M
Free cash flow
$-2.64M
Fetching…
Sources
Revenue
$82.16M
Net income
$1.85M
Diluted EPS
0.21
Operating cash flow
$-52.00K
Free cash flow
$-923.00K
Fetching…
Sources
Revenue
$84.34M
Net income
$3.20M
Diluted EPS
0.37
Operating cash flow
$8.29M
Free cash flow
$5.10M
Fetching…
Sources
Is it cheap or expensive?
Fair value $19.98 vs current price $20.72
Wall Street consensus is the average analyst price target: $23.00 (15.1% higher than our fair-value estimate).
Our most-likely fair value is $19.98 a share — about 3.6% away from today's price of $20.72, so the stock currently looks fairly priced.
Is it drowning in debt?
Healthy
Net debt $29.3M. Interest coverage 160.1x.
Net debt
$29.32M
Interest coverage
160.10x
Bassett Furniture Industries, Incorporated's profit covers its interest bill about 160.1 times over. which is stronger than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
BSET
BASELINE
Bassett Furniture Industries, Incorporated
Total debt $82.71M Interest coverage 160.10x This is the baseline the peer rows are being compared against.
Total debt $51.90M Interest coverage 1,934.09x +1,108% vs BSET Carries about 12.1x more debt cushion than BSET.
Total debt $23.95M Interest coverage -1.16x -100% vs BSET This peer has almost no interest-payment cushion compared with BSET.
Total debt $120.69M Interest coverage 203.19x +27% vs BSET Carries about 1.3x more debt cushion than BSET.
Total debt $230.71M Interest coverage 4.13x -97% vs BSET Carries about 38.7x less debt cushion than BSET.
Total debt $541.51M Interest coverage 284.68x +78% vs BSET Carries about 1.8x more debt cushion than BSET.
What you should know
The case for and against BSET
3 Rewards
2 Risks
Rewards
-
Revenue grew 0.1% last year.
-
Returns 4.1% on equity, ahead of 16% of its peers.
-
Free cash flow was positive in 7/10 years.
Risks
-
Stock trades 95.7% above its 5-year average P/E.
-
Operating margin compressed from 6.2% to 3.3% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
24.38x
Forward P/E
15.41x
P/B
1.09x
P/S
0.53x
EV/EBITDA
11.82x
PEG ratio
0.74x
Profitability
How much profit each dollar creates
Gross margin
56.6%
Operating margin
3.3%
Net margin
2.0%
ROE
4.1%
ROA
1.7%
Health
Liquidity and balance-sheet strength
Debt / equity
0.50x
Current ratio
1.95x
Quick ratio
0.98x
Total debt
$82.71M
Total cash
$53.40M
Growth
How the business has been compounding
Revenue TTM
$335.60M
Revenue 5Y CAGR
-6.1%
EPS TTM
0.85
EPS 5Y CAGR
-53.5%
Cash flow
How much cash the business throws off
Operating CF TTM
$15.78M
Free CF TTM
$8.96M
FCF margin
2.7%
Dividend
Shareholder payout
Yield
4.2%
Payout ratio
102.6%
Last ex-div date
2026-08-14