Flexsteel Industries Inc (FLXS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Flexsteel Industries Inc stock $135, price $71.47, upside +88.4%, quality 84 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $12.52 – $89.11 · fair‑value band $97.75 – $168.33 · the $71.47 price screens below the $134.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Flexsteel Industries, Inc., together with its subsidiaries, manufactures, distributes, imports, and markets residential furniture products in the United States.
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The company offers furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.
It distributes its products through its e-commerce channel and direct sales force. The company was founded in 1893 and is based in Dubuque, Iowa.
Stock analysis
Flexsteel Industries Inc (FLXS) currently trades at $71.47, while our model-based Fair Value estimate is $134.66, implying the stock looks roughly 47% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $139.99 per share, and 19 of the 25 models we run sit above the $71.47 price.
Bear case: the Economic Profit group reads lowest at $63.17, and 6 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: $97.75 (bear) to $168.33 (bull), the price of $71.47 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 84/100 (high quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Flexsteel Industries Inc reported revenue of $459M in FY2026 versus $544M in FY2022, a compound −4.2%/yr. Reported net income was $33.1M in FY2026, compounding +105.6%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap $352M Small · P/E ratio 11.9 · P/S ratio 0.77 · EPS (TTM) $6.00 · Dividend yield 1.2% · Net margin 7.2% · Return on equity 22.0% · Return on assets (EBIT) 7.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 110% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at 88%, FLXS screens cheaper than that median.
Fair Value models
Bear$97.75Fair Value $134.66Bull$168.33
Price $71.47 · Upside +88.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then ($1.86 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 5 officers or directors sold shares worth $2.7M and none bought.
SaleWilliam S. CreekmuirDirector4× since Aug 28, 2026: 10,458 shares, avg. $81.60$853,333Sep 15, 2026
SaleStacy Marie KammesVP Talent, Customer Experience2× since Aug 21, 2026: 5,000 shares, avg. $81.92$409,582Sep 8, 2026
SaleMichael Scott CulbrethDirector4,000 shares at $80.85$323,391Sep 3, 2026
SaleMichael Joseph McClaflinChief Information Officer3× since Aug 20, 2026: 7,500 shares, avg. $81.10$608,255Sep 1, 2026
SaleDavid Edward CrimminsChief Growth Officer5,756 shares at $80.50$463,354Aug 21, 2026
Plus 25 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+4.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.8%
Start year 2021 (pandemic). Over 10 years: −0.9% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+30.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.1%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.31.9% vs 8.3%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 9%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−5.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −7.7% a year for the price.
News mood ⓘNews mood, the average tone of recent news (93 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Flexsteel's sustained branded sales growth through innovation contrasts with its limited differentiation and exposure to cyclical margin pressures in furnishings.
Main risk: Currency and freight cost pressures threaten Flexsteel's margins as the company exits its ready-to-assemble line amid ongoing sales expansion.
Flexsteel extends its twelfth straight quarter of sales growth in the core branded business through innovation and wellness products even as retail demand stays soft. Backlog rises while the company exits its ready-to-assemble line and faces margin pressure from currency and freight costs. Our models currently see it as undervalued. Will disciplined execution and share gains outweigh these headwinds?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Furnishings, Fixtures & Appliances · 297 stocks
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Is Flexsteel Industries Inc (FLXS) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $134.66 versus a price of $71.47, about +88% upside (undervalued).
What is the fair value of FLXS?
Our model-based fair value for Flexsteel Industries Inc is $134.66 (as of Nov 7, 2026), built from audited fundamentals. The current price: $71.47.
What is the quality score of FLXS?
Flexsteel Industries Inc has a Quality Score of 84/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Flexsteel Industries Inc (FLXS)?
Our model-based price target is the fair value of $134.66 (as of Nov 7, 2026) from 25 valuation models. Cautious scenario $97.75, optimistic scenario $168.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Flexsteel Industries Inc stock forecast for 2026?
Our models put fair value at $134.66, about +88% upside versus a price of $71.47 (undervalued). Cautious scenario $97.75, optimistic scenario $168.33. The calculation is refreshed regularly with new filings.
What is the revenue of Flexsteel Industries Inc (FLXS)?
Flexsteel Industries Inc reported trailing-twelve-month revenue of about $459M (latest available figure, as of Nov 7, 2026).
Does Flexsteel Industries Inc pay a dividend?
Flexsteel Industries Inc currently shows a dividend yield of 1.19% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Flexsteel Industries Inc (FLXS) and when is the ex-dividend date?
Flexsteel Industries Inc pays a dividend of $0.85 per share a year, a dividend yield of 1.2%. The last ex-dividend date was Sep 30, 2026. A dividend has been paid every year since at least 1984. The payout ratio is 14.2% of earnings. Free cash flow covers the dividend 13.68 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Flexsteel Industries Inc (FLXS)?
For today's price to be fair in a discounted-cash-flow model, Flexsteel Industries Inc would have to grow free cash flow by -5.5 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of FLXS use?
Our models discount Flexsteel Industries Inc at 11.2 %: a base by market capitalisation (micro), damped by beta 0.53, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Flexsteel Industries Inc that is -5.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Flexsteel Industries Inc (FLXS) delivered so far?
Over the past 5 years revenue at Flexsteel Industries Inc grew -0.8 % a year. The price currently implies free-cash-flow growth of -5.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Flexsteel Industries Inc (FLXS) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Flexsteel Industries Inc (-5.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Flexsteel Industries Inc (FLXS)?
The free-cash-flow yield on the price is 13.51 %: that much free cash flow Flexsteel Industries Inc produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Flexsteel Industries Inc (FLXS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Flexsteel Industries Inc it is $134.66 per share (as of Nov 7, 2026), against a price of $71.47. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Flexsteel Industries Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, FLXS trades below its calculated fair value: price $71.47, fair value $134.66, a gap of about +88% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FLXS?
No. The price is what the market pays today ($71.47); the fair value is what the company's own numbers justify ($134.66). For Flexsteel Industries Inc the two are $63.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Flexsteel Industries Inc worth?
The market values Flexsteel Industries Inc at about $352M (market capitalisation, as of Nov 7, 2026). Per share that is $71.47; our models calculate a fair value of $134.66 per share.
What do the bullish and bearish scenarios say about FLXS?
Our models span a range for Flexsteel Industries Inc: cautious scenario $97.75, base $134.66, optimistic $168.33 per share (as of Nov 7, 2026, price $71.47). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FLXS?
Flexsteel Industries Inc trades at a price-to-earnings ratio of 11.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $134.66 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2026), reported earnings, 5 of the years ex one-offs: 14.7. Other multiples: PEG 1.3, P/B 2.6, P/S 0.8, EV/EBITDA 7.3.
What is the PEG ratio of FLXS?
The PEG ratio of Flexsteel Industries Inc is 1.29 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Flexsteel Industries Inc (FLXS)?
Balance-sheet figures for Flexsteel Industries Inc (as of Nov 7, 2026): return on equity 22.0%, debt of 0.04 per unit of equity. They feed the Quality Score of 84/100, which measures business quality independently of the share price.
How far is FLXS from its 52-week high?
Flexsteel Industries Inc trades at $71.47, about 20% below its 52-week high of $89.11 and 110% above the low of $34.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $134.66 is for.
Which stocks are comparable to Flexsteel Industries Inc?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, SharkNinja, Inc, Haier Smart Home Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Flexsteel Industries Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $71.47, calculated fair value $134.66 (+88%), Quality Score 84/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FLXS calculated?
We run Flexsteel Industries Inc through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $134.66 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Flexsteel Industries Inc currently trades 47% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Flexsteel Industries Inc (FLXS)?
The closing price on Nov 6, 2026 was $71.47. Our model-based fair value is $134.66, about +88% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Flexsteel Industries Inc right now?
The rarer combination: high quality (84/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case ($97.75). The market is more pessimistic than our downside scenario.
Where does the earnings growth of Flexsteel Industries Inc (FLXS) come from?
Earnings per share at Flexsteel Industries Inc grew +3.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share +3.2 %, EBIT margin −1.7 %, tax rate +1.7 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Flexsteel Industries Inc
How large is the market capitalisation of Flexsteel Industries Inc (FLXS)?
The market capitalisation of Flexsteel Industries Inc is $352M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Flexsteel Industries Inc (FLXS)?
The price-to-sales ratio of Flexsteel Industries Inc is 0.77 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Flexsteel Industries Inc (FLXS)?
Earnings per share at Flexsteel Industries Inc are $6.00 (price ÷ EPS = P/E 11.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Flexsteel Industries Inc (FLXS)?
The dividend yield of Flexsteel Industries Inc is 1.2% (payout 14.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Flexsteel Industries Inc (FLXS)?
The net margin of Flexsteel Industries Inc is 7.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Flexsteel Industries Inc (FLXS)?
The return on equity (ROE) of Flexsteel Industries Inc is 22.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Flexsteel Industries Inc (FLXS)?
On an EBIT basis the return on assets of Flexsteel Industries Inc is 7.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Flexsteel Industries Inc (FLXS)?
The operating margin of Flexsteel Industries Inc is 14.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Flexsteel Industries Inc (FLXS)?
Revenue at Flexsteel Industries Inc is growing +0.7% versus a year earlier (3y avg +5.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Flexsteel Industries Inc (FLXS)?
Earnings per share at Flexsteel Industries Inc are growing +36.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Flexsteel Industries Inc (FLXS) carry?
The net debt of Flexsteel Industries Inc is $35.2M (fiscal year 2026, ≈ 0.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026