Quality Investor

Bassett Furniture Industries, Incorporated

Rank #50Value

BSET · Nasdaq · Consumer Cyclical

Bassett Furniture Industries, Incorporated (BSET) — Rank #50 by gross profitability (GP/assets 0.59) · ROE 3.7% · Piotroski F-Score N/A.

As-of 2026-09-28 · CIK 0000010329 · all metrics point-in-time as of the filing date.

About

Bassett Furniture Industries, Incorporated, together with its subsidiaries, designs, manufactures, sources, distributes, and retails home furnishings and furniture products in the United States.

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It operates through two segments, Wholesale and Retail—Company-Owned Stores. The company offers sofas, chairs, reclining furniture, ottomans and benches, and leather furniture; tables and cabinets; dining and outdoor furniture; beds, dressers and chests, nightstands and bedside tables, mattresses and bases, duvet covers and inserts, quilts and coverlets, sheets and pillowcases, shams and pillow inserts, accent pillows, and throws; office chairs, desks, and storages; home decor products, lighting, wall decor, mirrors, cabinet hardware, and cutting boards; and rugs. It is also involved in wood and upholstery operations. The company sells its products through a network of company-owned and licensee-owned stores under the Bassett Home Furnishings name; and independent retailers; multi-line furniture stores, including Bassett galleries or design centers; and online.

Bassett Furniture Industries, Incorporated was founded in 1902 and is based in Bassett, Virginia.

Industry
Furnishings, Fixtures & Appliances
Sector
Consumer Cyclical
State
VA
Filer Category
Accelerated filerSmaller reporting company
Fiscal Year End
November 28

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,194

Industry

Furnishings, Fixtures & Appliances

Exchange

Nasdaq

Signal Flags

2 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Quality Profile

Profitability

1/1 pass
GP / assets
0.59
Return on equity
3.7%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.93
Current ratio
1.97×
Net cash
$53.89M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
—

Growth

2/2 pass
Revenue growth
1.6%
Piotroski F-Score
N/A
Share dilution
-1.0%

Terry Smith quality gate

Passes 2/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Gross profitability (GP / assets)

0.59

Primary signal (Novy-Marx).

1st of 6 SIC 25 peers

Return on equity

3.7%

Gross margin

56.3%

2nd of 6 SIC 25 peers

Revenue growth (YoY)

1.6%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-11.6%

Revenue CAGR (5Y)

-0.1%

Earnings CAGR (3Y)

-54.6%

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.93

4th of 6 SIC 25 peers (best = lowest)

Current ratio

1.97×

4th of 6 SIC 25 peers

Quick ratio

0.95×

Net cash

$53.89M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$8.96M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.47

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

—

Stock-based comp intensity.

Dividend safety

Composite score

1.2 / 5

Weak
Payout ratio
113.8%0/5 Weak
FCF coverage
1.29×2/5 Fair
Dividend growth streak
2 yr1/5 Weak
Balance-sheet health
D/E 0.93 · IC N/A2/5 Fair

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20202025
Decline
Op. Leverage
Capital Return
Value