Tearsheet

Bassett Furniture Industries (BSET)


Market Price (12/26/2025): $17.37 | Market Cap: $150.3 Mil
Sector: Consumer Discretionary | Industry: Household Appliances

Bassett Furniture Industries (BSET)


Market Price (12/26/2025): $17.37
Market Cap: $150.3 Mil
Sector: Consumer Discretionary
Industry: Household Appliances

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, Dividend Yield is 4.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.7%, FCF Yield is 5.3%
Weak multi-year price returns
2Y Excs Rtn is -29%, 3Y Excs Rtn is -65%
Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 92x
1 Low stock price volatility
Vol 12M is 42%
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%
2 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail.
  Key risks
BSET key risks include [1] persistent operating losses from its underperforming retail segment and [2] a significant July 2024 cybersecurity breach that halted manufacturing and materially affected operations.
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, Dividend Yield is 4.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.7%, FCF Yield is 5.3%
1 Low stock price volatility
Vol 12M is 42%
2 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail.
3 Weak multi-year price returns
2Y Excs Rtn is -29%, 3Y Excs Rtn is -65%
4 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 92x
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%
6 Key risks
BSET key risks include [1] persistent operating losses from its underperforming retail segment and [2] a significant July 2024 cybersecurity breach that halted manufacturing and materially affected operations.

Valuation, Metrics & Events

BSET Stock


Why The Stock Moved


Qualitative Assessment

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Here are key points highlighting why Bassett Furniture Industries (BSET) stock moved by approximately 3.8% during the period from late August 2025 to December 2025, based on the most recent available information: 1. Negative Impact of Q3 2025 Financial Results.
Bassett Furniture Industries reported its fiscal year 2025 third-quarter results on October 8, 2025, revealing a 13% decrease in revenues, which was impacted by a cyber incident that halted financial systems and manufacturing for seven days. The company recorded an operating loss of $6.4 million and a diluted loss per share of $0.52 for the quarter. This earnings report led to a 5.46% drop in the stock price immediately after the announcement.

2. Stronger Gross Margins Despite Revenue Decline.
Despite the significant revenue decrease and operational challenges, Bassett reported an improved consolidated gross margin of 53.0% for Q3 2025. Excluding manufacturing wages paid during the cyber shutdown, the gross profit margin would have been 53.8%, an increase compared to the adjusted gross margin of 52.7% in the prior year, indicating underlying operational efficiency.

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Stock Movement Drivers

Fundamental Drivers

The 12.3% change in BSET stock from 9/25/2025 to 12/25/2025 was primarily driven by a 210.5% change in the company's Net Income Margin (%).
925202512252025Change
Stock Price ($)15.3317.2212.30%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)326.47330.951.37%
Net Income Margin (%)0.76%2.35%210.47%
P/E Multiple53.7919.15-64.39%
Shares Outstanding (Mil)8.678.650.20%
Cumulative Contribution12.30%

LTM = Last Twelve Months as of date shown

Market Drivers

9/25/2025 to 12/25/2025
ReturnCorrelation
BSET12.3% 
Market (SPY)4.9%19.6%
Sector (XLY)3.8%28.2%

Fundamental Drivers

The 22.7% change in BSET stock from 6/26/2025 to 12/25/2025 was primarily driven by a 20.3% change in the company's P/S Multiple.
626202512252025Change
Stock Price ($)14.0317.2222.70%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)325.53330.951.67%
P/S Multiple0.370.4520.30%
Shares Outstanding (Mil)8.688.650.32%
Cumulative Contribution22.70%

LTM = Last Twelve Months as of date shown

Market Drivers

6/26/2025 to 12/25/2025
ReturnCorrelation
BSET22.7% 
Market (SPY)13.1%21.1%
Sector (XLY)14.2%27.6%

Fundamental Drivers

The 30.3% change in BSET stock from 12/25/2024 to 12/25/2025 was primarily driven by a 32.9% change in the company's P/S Multiple.
1225202412252025Change
Stock Price ($)13.2117.2230.34%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)340.29330.95-2.74%
P/S Multiple0.340.4532.88%
Shares Outstanding (Mil)8.738.650.85%
Cumulative Contribution30.34%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2024 to 12/25/2025
ReturnCorrelation
BSET30.3% 
Market (SPY)15.8%17.0%
Sector (XLY)5.3%17.1%

Fundamental Drivers

The 16.7% change in BSET stock from 12/26/2022 to 12/25/2025 was primarily driven by a 818.4% change in the company's P/E Multiple.
1226202212252025Change
Stock Price ($)14.7617.2216.70%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)478.95330.95-30.90%
Net Income Margin (%)13.65%2.35%-82.78%
P/E Multiple2.0919.15818.42%
Shares Outstanding (Mil)9.248.656.36%
Cumulative Contribution16.23%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2023 to 12/25/2025
ReturnCorrelation
BSET16.9% 
Market (SPY)48.3%16.7%
Sector (XLY)38.1%17.0%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
BSET Return27%-15%17%-0%-12%33%47%
Peers Return40%2%-16%39%26%-10%90%
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
BSET Win Rate67%33%50%50%42%58% 
Peers Win Rate62%47%37%58%53%47% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
BSET Max Drawdown-74%-23%-19%-22%-24%0% 
Peers Max Drawdown-52%-16%-34%-7%-23%-32% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: ETD, LZB, HOFT, HVT, FLXS. See BSET Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventBSETS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-62.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven165.7%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-74.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven298.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven196 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-71.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven253.6%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-95.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven2043.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,584 days1,480 days

Compare to LZB, LEG, HVT, HOFT, ALH

In The Past

Bassett Furniture Industries's stock fell -62.4% during the 2022 Inflation Shock from a high on 5/4/2021. A -62.4% loss requires a 165.7% gain to breakeven.

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About Bassett Furniture Industries (BSET)

Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. It operates through three segments: Wholesale, Retail –company-owned Stores, and Logistical Services. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned retail stores and licensee-owned stores, and independent furniture retailers; and wood and upholstery operations. As of November 27, 2021, it operated a network of 63 company-owned stores and 34 licensee-owned stores. It also provides shipping, and warehousing services to customers in the furniture industry. In addition, the company owns and leases retail store properties; and distributes its products through other multi-line furniture stores, Bassett galleries or design centers, mass merchants, and specialty stores, as well as sells its products online. Bassett Furniture Industries, Incorporated was incorporated in 1902 and is based in Bassett, Virginia.

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  • An Ethan Allen for classic and customizable home furnishings.
  • A Pottery Barn that manufactures its own custom furniture.

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Bassett Furniture Industries (BSET) offers the following major products:

  • Residential Furniture: Manufactures and retails a wide range of upholstered and wood furniture for living rooms, dining rooms, and bedrooms.
  • Custom Upholstery: Provides personalized options for sofas, sectionals, and chairs, allowing customers to choose fabrics, styles, and configurations.
  • Home Accents and Accessories: Offers occasional tables, lighting, rugs, and decorative items to complement their furniture collections.

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Bassett Furniture Industries (BSET) Major Customers

Bassett Furniture Industries (BSET) operates with a mixed business model, serving both other businesses (B2B) through its wholesale segment and individual consumers (B2C) through its retail segment. Based on recent financial disclosures, the wholesale segment typically generates a larger portion of the company's net sales compared to the retail segment, indicating that Bassett sells primarily to other companies.

However, Bassett Furniture Industries' annual reports (10-K filings) consistently state that no single customer accounted for more than 10% of its net sales for the most recent fiscal years. This means there are no individually identifiable "major customer companies" that represent a significant, reportable concentration of revenue for Bassett Furniture Industries to list by name and symbol.

Instead of specific named companies, Bassett's wholesale operations serve a diversified base of customers within the following categories:

  • Independent Furniture Retailers: A broad network of third-party furniture stores across various regions that purchase Bassett's products to resell to their own customer base. These retailers are numerous, typically not publicly traded, and contribute to a diversified customer base.
  • Hospitality Sector Clients: Businesses within the hospitality industry, such as hotels, resorts, and other commercial lodging establishments, that furnish their properties with Bassett's furniture for commercial use.
  • Interior Design and Contract Firms: Professional interior designers, decorators, and contract specifiers who select and purchase Bassett furniture for a wide range of projects, including high-end residential, commercial, and model homes.

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Here is the management team for Bassett Furniture Industries (BSET):

Robert H. Spilman Jr.

Chairman, President and Chief Executive Officer

Robert H. Spilman Jr. has served as the President and Chief Executive Officer of Bassett Furniture Industries since 2000, and as Chairman of the Board since 2016. He has been with the company for four decades, following in the footsteps of his father, Robert H. Spilman Sr., who also served as CEO. Mr. Spilman Jr. is an alumnus of Vanderbilt University. He has also served as a director of Dominion Energy, Inc. since 2009, including as independent Lead Director from 2020 to 2024. Additionally, he was a director of Harris Teeter Supermarkets, Inc. from 2002 to 2014.

J. Michael Daniel

Senior Vice President, Chief Financial and Administrative Officer

J. Michael Daniel has been the Senior Vice President and Chief Financial and Administrative Officer of Bassett Furniture Industries since 2019. He previously served as the Senior Vice President and Chief Financial Officer, and before that, as Corporate Controller and Interim Chief Financial Officer from April 2009 through December 2009. Mr. Daniel joined Bassett in December 2006 as a consultant and became Corporate Controller in March 2007. Prior to his time at Bassett, he was with Sealy, Inc., an international bedding manufacturer, from 1998 to 2006, where he was Director of Corporate Accounting and Financial Controls. He also worked for the international accounting firm Ernst & Young from 1985 to 1998, achieving the level of Senior Manager. Mr. Daniel is a Certified Public Accountant and holds a double major in Accounting and Information Systems from Appalachian State University.

John E. Bassett III

Senior Vice President, Chief Operations Officer

John E. Bassett III has served as the Senior Vice President and Chief Operations Officer of Bassett Furniture Industries since 2019. He has held various positions within the company, including Vice President of Wood Manufacturing from 1997 to 2001, Vice President of Global Sourcing from 2001 to 2007, and Vice President of Wood in 2008. Mr. Bassett has been with Bassett Furniture Industries since 1981, and previously served as the Vice President and General Manager of Bassett Table, a subsidiary of the company, from 1988 to 1997.

Bruce R. Cohenour

Senior Vice President, Chief Sales Officer

Bruce R. Cohenour serves as the Senior Vice President and Chief Sales Officer of Bassett Furniture Industries, a position he has held since 2019. Prior to this role, he was the Senior Vice President of Sales and Merchandising for the company, and also served as Senior Vice President of Upholstery Merchandising in 2011. Before joining Bassett, Mr. Cohenour was the President of the Case Goods Division at Hooker Furniture Corp. from 2007 to 2010.

Anthony L. Chivari

Senior Vice President, Chief Marketing Officer

Anthony L. Chivari has been the Chief Marketing Officer and Senior Vice President of Bassett Furniture Industries since October 2024. His previous experience includes similar positions at 1-800-Flowers.com, Gem Shopping Network, and Things Remembered.

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Key Risks to Bassett Furniture Industries (BSET)

  1. Dependence on Consumer Spending and Macroeconomic Conditions: Bassett Furniture Industries' performance is highly sensitive to consumer spending habits and broader macroeconomic factors. Economic downturns, declining consumer confidence, elevated interest rates, and challenges in the housing market can significantly reduce demand for furniture, which is largely considered a discretionary purchase. The company's retail segment has particularly struggled, reporting operating losses and underperforming.
  2. Cybersecurity Threats: The company recently experienced a substantial cybersecurity breach in July 2024, which led to a halt in manufacturing operations and disrupted business activities. While the investigation into the full extent and financial impact is ongoing, the incident has materially affected operations and highlights a significant and immediate risk to the company's stability and profitability.
  3. Supply Chain Disruptions and Input Cost Volatility: Bassett Furniture is exposed to risks associated with disruptions in its supply chain and volatility in the cost and availability of raw materials. For instance, the price of foam, a key component, is subject to significant fluctuations due to its dependence on oil costs and refinery capacity. Past supply chain issues have also led to considerable delays in order fulfillment.

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The clear emerging threat to Bassett Furniture Industries (BSET) is the continued rise and market penetration of digitally native, direct-to-consumer (DTC) furniture brands. These companies leverage online platforms, often employ streamlined supply chains, and focus on modern aesthetics with competitive pricing, directly appealing to a growing segment of consumers who prefer to shop for furniture online and bypass traditional showrooms and multi-brand retailers. Examples include companies like Article, Burrow, and Joybird, which operate with a different cost structure and go-to-market strategy than traditional manufacturers and retailers like Bassett, thereby posing a direct challenge to their established business model and market share.

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Bassett Furniture Industries (BSET) operates within the home furnishings and furniture markets. The addressable market for their main products in the U.S. is substantial.

  • The U.S. home decor market, which includes furniture, was estimated at USD 215.21 billion in 2025.
  • More specifically, the U.S. furniture market was estimated at USD 172.33 billion in 2024 and is expected to grow to USD 180.55 billion in 2025. Another estimate places the U.S. furniture market at USD 193.60 billion in 2025.

The market sizes provided are for the U.S. region.

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Expected Drivers of Future Revenue Growth for Bassett Furniture Industries (BSET)

  • Expansion of E-commerce and Omnichannel Model: Bassett Furniture Industries anticipates revenue growth through continued investments in its e-commerce platform, bassettfurniture.com, aiming to drive traffic and increase online order values. The company is focused on enhancing its omnichannel model, integrating digital and physical retail experiences to improve customer engagement and sales.
  • New Product Launches and Product Innovation: A key driver for future revenue growth is the acceleration of new ideas and innovative product introductions across all categories. Management emphasizes a focus on product launches, strong custom upholstery offerings, and successful new product lines to support performance and position the company competitively.
  • Strategic Retail Store Management and Investments: Bassett plans to dedicate capital investment to existing retail store remodels and potential new store openings. This strategic approach to its physical retail footprint, alongside an ongoing evaluation of store performance for optimal store count, is expected to contribute to revenue growth.
  • Improved Operating Efficiency and Cost Containment: Efforts to reduce the company's cost structure and enhance operating efficiency across both wholesale and retail segments are expected to support revenue growth by improving profitability and allowing for competitive pricing strategies. This includes benefits from prior restructuring plans and ongoing cost optimization activities.
  • Strengthening Wholesale Segment and Custom Upholstery: The company has seen improved margins and increased shipments within its wholesale segment, particularly in its custom upholstery business, due to manufacturing efficiency gains and improved customer mix. Leveraging these strengths in its wholesale operations is expected to contribute to overall revenue expansion.

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Share Repurchases

  • Bassett Furniture Industries repurchased $15.122 million in shares in 2022, $4.176 million in 2023, and $1.42 million in 2024.
  • In July 2021, the Board of Directors increased the share repurchase authorization by approximately $16 million, bringing the total limit back to $20 million.
  • As of November 30, 2024, approximately $20.403 million remained available for share repurchases under the company's plan, which was originally announced in 1998 and had its remaining limit increased to $40 million on March 9, 2022.

Share Issuance

  • Bassett Furniture Industries reported negative figures for "Issuance (Purchase) of Equity Shares" in its cash flow statements from 2020 to 2024, indicating share repurchases rather than issuances.

Outbound Investments

  • In the fourth quarter of fiscal 2022, Bassett Furniture Industries acquired Noa Home Inc., a mid-priced e-commerce furniture retailer.
  • After nearly two years of operating losses, Bassett decided to cease Noa Home's operations and substantially completed its liquidation by November 30, 2024.

Capital Expenditures

  • Capital expenditures were approximately $16.99 million in 2022, $13.07 million in 2023, and $10.37 million in 2024.
  • Expected capital expenditures for fiscal 2025 are projected to be between $8 million and $12 million, primarily focused on store remodels and technology enhancements, including e-commerce. The projected range was later reduced to between $5 million and $7 million, with some planned build-outs of new stores pushed to early fiscal 2026.
  • For fiscal 2022, anticipated capital expenditures were approximately $25 million to $30 million, with about half allocated to purchasing and renovating a new retail store site and repositioning two other retail locations, and the remainder for expanding and upgrading outdoor furniture manufacturing facilities, technology, and other manufacturing upgrades.

Better Bets than Bassett Furniture Industries (BSET)

Trade Ideas

Select ideas related to BSET. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE11302025BBWIBath & Body WorksDip BuyDB | Insider Buys | Low D/EDip Buy with Strong Insider Buying
Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
13.3%13.3%0.0%
HRB_11262025_Dip_Buyer_FCFYield11262025HRBH&R BlockDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.3%5.3%-0.1%
LRN_11262025_Dip_Buyer_FCFYield11262025LRNStrideDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.4%3.4%-4.4%
ABNB_11212025_Dip_Buyer_FCFYield11212025ABNBAirbnbDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
19.7%19.7%0.0%
MTN_11212025_Dip_Buyer_FCFYield11212025MTNVail ResortsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.8%1.8%-1.6%

Recent Active Movers

More From Trefis

Peer Comparisons for Bassett Furniture Industries

Peers to compare with:

Financials

BSETETDLZBHOFTHVTFLXSMedian
NameBassett .Ethan Al.La-Z-Boy Hooker F.Haverty .Flexstee. 
Mkt Price17.2223.2337.9511.1323.7441.0823.48
Mkt Cap0.10.61.60.10.40.20.3
Rev LTM3316072,107403741448527
Op Inc LTM855143-15203427
FCF LTM8531258393537
FCF 3Y Avg26213720362430
CFO LTM126320512623950
CFO 3Y Avg137420225712850

Growth & Margins

BSETETDLZBHOFTHVTFLXSMedian
NameBassett .Ethan Al.La-Z-Boy Hooker F.Haverty .Flexstee. 
Rev Chg LTM-2.7%-4.6%1.8%9.4%-1.0%6.0%0.4%
Rev Chg 3Y Avg-11.4%-10.5%-4.9%-10.7%-10.1%-2.8%-10.3%
Rev Chg Q5.9%-4.8%0.3%-14.4%10.6%6.2%3.1%
QoQ Delta Rev Chg LTM1.4%-1.2%0.1%-2.9%2.6%1.5%0.7%
Op Mgn LTM2.4%9.1%6.8%-3.8%2.7%7.6%4.7%
Op Mgn 3Y Avg0.4%12.2%7.3%-3.2%5.1%5.0%5.0%
QoQ Delta Op Mgn LTM1.7%-1.1%-0.1%0.8%-0.1%0.6%0.2%
CFO/Rev LTM3.7%10.4%9.7%2.9%8.4%8.6%8.5%
CFO/Rev 3Y Avg3.4%11.1%9.6%5.4%8.8%6.4%7.6%
FCF/Rev LTM2.4%8.8%5.9%2.1%5.3%7.7%5.6%
FCF/Rev 3Y Avg0.7%9.4%6.5%4.3%4.5%5.4%5.0%

Valuation

BSETETDLZBHOFTHVTFLXSMedian
NameBassett .Ethan Al.La-Z-Boy Hooker F.Haverty .Flexstee. 
Mkt Cap0.10.61.60.10.40.20.3
P/S0.51.00.70.30.50.50.5
P/EBIT91.69.311.6-3.717.97.210.5
P/E19.212.517.3-4.018.49.314.9
P/CFO12.39.47.610.15.75.68.5
Total Yield9.9%8.0%8.1%-23.1%11.2%11.1%9.0%
Dividend Yield4.7%0.0%2.3%2.1%5.8%0.4%2.2%
FCF Yield 3Y Avg1.8%8.0%9.4%11.1%9.1%10.6%9.2%
D/E0.60.20.30.30.60.30.3
Net D/E0.30.00.10.20.20.10.2

Returns

BSETETDLZBHOFTHVTFLXSMedian
NameBassett .Ethan Al.La-Z-Boy Hooker F.Haverty .Flexstee. 
1M Rtn9.7%-1.5%-2.9%4.8%-1.8%3.8%1.1%
3M Rtn12.3%-17.5%12.5%1.9%8.0%-12.1%5.0%
6M Rtn22.7%-13.6%2.3%11.0%19.1%14.1%12.6%
12M Rtn30.3%-12.9%-11.6%-13.3%14.4%-26.9%-12.2%
3Y Rtn16.7%5.6%72.9%-26.2%-8.2%178.5%11.1%
1M Excs Rtn9.5%-1.0%0.1%2.8%-0.7%5.2%1.4%
3M Excs Rtn7.3%-22.5%7.5%-3.0%3.1%-17.1%0.0%
6M Excs Rtn9.8%-26.5%-10.5%-1.9%6.2%1.3%-0.3%
12M Excs Rtn12.5%-28.8%-26.1%-34.4%-0.8%-45.2%-27.5%
3Y Excs Rtn-65.1%-75.4%-6.9%-107.4%-86.8%109.6%-70.3%

Financials

Segment Financials

Assets by Segment
$ Mil20242023202220212020
Retail - Company-owned stores16716216116992
Corporate and other105119   
Wholesale99125197176144
Discontinued Operations  64  
Logistical services   5739
Total370406422403276


Price Behavior

Price Behavior
Market Price$17.22 
Market Cap ($ Bil)0.1 
First Trading Date09/07/1984 
Distance from 52W High-7.7% 
   50 Days200 Days
DMA Price$15.46$15.91
DMA Trendupindeterminate
Distance from DMA11.4%8.2%
 3M1YR
Volatility36.1%42.5%
Downside Capture14.4321.08
Upside Capture65.4044.08
Correlation (SPY)20.0%17.2%
BSET Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.950.510.740.570.350.37
Up Beta2.021.291.711.020.560.48
Down Beta0.430.13-0.15-0.120.160.12
Up Capture151%50%58%47%21%12%
Bmk +ve Days12253873141426
Stock +ve Days10172655119347
Down Capture33%44%111%92%34%74%
Bmk -ve Days7162452107323
Stock -ve Days7223468121377

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of BSET With Other Asset Classes (Last 1Y)
 BSETSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return30.7%8.3%19.2%71.9%8.9%6.0%-10.1%
Annualized Volatility42.2%24.3%19.5%19.3%15.3%17.1%35.0%
Sharpe Ratio0.740.270.782.690.360.18-0.12
Correlation With Other Assets 17.1%17.0%8.3%12.5%24.4%6.6%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
 Comparison of BSET With Other Asset Classes (Last 5Y)
 BSETSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return3.9%9.8%14.9%18.7%11.7%4.8%32.7%
Annualized Volatility43.2%23.8%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.220.370.700.970.510.170.60
Correlation With Other Assets 26.8%25.3%5.3%8.9%25.2%11.1%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of BSET With Other Asset Classes (Last 10Y)
 BSETSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-0.2%13.1%14.7%14.9%6.9%5.2%69.3%
Annualized Volatility47.3%22.0%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.170.550.700.830.310.220.90
Correlation With Other Assets 33.8%33.9%0.6%14.0%31.2%7.8%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity234,373
Short Interest: % Change Since 1130202511.9%
Average Daily Volume25,485
Days-to-Cover Short Interest9.20
Basic Shares Quantity8,650,651
Short % of Basic Shares2.7%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/25/20247.5%1.3%4.5%
9/28/20231.1%6.2%5.6%
6/29/2023-0.9%6.0%12.1%
1/24/20234.5%3.4%7.4%
9/29/2022-1.8%-0.4%7.6%
6/30/202211.2%26.3%40.9%
1/31/202233.1%27.1%24.3%
9/30/2021-6.5%-8.8%-11.3%
...
SUMMARY STATS   
# Positive101314
# Negative1187
Median Positive9.1%6.0%7.5%
Median Negative-2.9%-8.1%-10.6%
Max Positive33.1%27.1%45.5%
Max Negative-12.8%-25.4%-37.4%

SEC Filings

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Report DateFiling DateFiling
83120251008202510-Q 8/30/2025
5312025710202510-Q 5/31/2025
2282025403202510-Q 3/1/2025
11302024210202510-K 11/30/2024
83120241010202410-Q 8/31/2024
5312024711202410-Q 6/1/2024
2292024403202410-Q 3/2/2024
11302023125202410-K 11/25/2023
8312023928202310-Q 8/26/2023
5312023629202310-Q 5/27/2023
2282023330202310-Q 2/25/2023
11302022124202310-K 11/26/2022
8312022929202210-Q 8/27/2022
5312022630202210-Q 5/28/2022
2282022331202210-Q 2/26/2022
11302021131202210-K 11/27/2021