Bassett Furniture Industries, Incorporated
BSET Consumer Cyclical Furnishings Fixtures & Appliances
Bassett Furniture Industries, Incorporated’s revenue for fiscal 2025 (year ended November 2025) was $335.3 million, up 1.62% from fiscal 2024. In the quarter to August 2026, revenue grew 3.41%, EPS grew 166.7% and free cash flow grew 169.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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Bassett Furniture Industries, Incorporated (BSET) Altman Z-score
Bassett Furniture Industries, Incorporated's Altman Z-score for fiscal 2025 is 2.40, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.40 | 0.39 |
| FY2024 | 2.01 | (0.26) |
| FY2023 | 2.28 | (0.51) |
| FY2022 | 2.79 | 0.71 |
| FY2021 | 2.07 | 0.49 |
| FY2020 | 1.59 | (1.95) |
| FY2019 | 3.54 | (0.46) |
| FY2018 | 4.00 | (1.22) |
| FY2017 | 5.22 | 0.49 |
| FY2016 | 4.73 | 0.10 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.21 | — | 0.25 | |
| Retained earnings / total assets | 0.37 | — | 0.52 | |
| EBIT / total assets | 0.02 | — | 0.08 | |
| Market value of equity / total liabilities | 0.85 | — | 0.51 | |
| Sales / total assets | 1.04 | — | 1.04 | |
| Altman Z-score | Grey zone | 2.40 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.86 | ||
Z and Z″ put Bassett Furniture Industries, Incorporated in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| FLXS Flexsteel Industries, Inc. compare | 5.9× |
| HOFT Hooker Furnishings Corp. compare | 3.6× |
| KEQU Kewaunee Scientific Corporation compare | 3.4× |
| VIRC Virco Manufacturing Corporation compare | 2.6× |
| BSET Bassett Furniture Industries, Incorporated | 2.4× |
| LOVE The Lovesac Company compare | 2.0× |
| LCUT Lifetime Brands, Inc. compare | 1.6× |
| COOK Traeger, Inc. compare | −0.9× |
| ATER Aterian, Inc. compare | −33.6× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets