As of today (2024-04-24), Flexsteel Industries's share price is $38.48. Flexsteel Industries's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $27.80. Hence, Flexsteel Industries's Price to Tangible Book Ratio of today is 1.38.
The historical rank and industry rank for Flexsteel Industries's Price-to-Tangible-Book or its related term are showing as below:
FLXS'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.43 Med: 1.26 Max: 2.2
Current: 1.38
During the past 13 years, Flexsteel Industries's highest Price to Tangible Book Ratio was 2.20. The lowest was 0.43. And the median was 1.26.
FLXS's Price-to-Tangible-Book is ranked better than 59.14% of 394
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.705
vs FLXS: 1.38
A closely related ratio is called PB Ratio. As of today, Flexsteel Industries's share price is $38.48. Flexsteel Industries's Book Value per Sharefor the quarter that ended in Dec. 2023 was $27.80. Hence, Flexsteel Industries's P/B Ratio of today is 1.38.
Flexsteel Industries Price-to-Tangible-Book Historical Data
The historical data trend for Flexsteel Industries's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Furnishings, Fixtures & Appliances subindustry, Flexsteel Industries's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Flexsteel Industries Price-to-Tangible-Book Distribution
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Flexsteel Industries's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Flexsteel Industries's Price-to-Tangible-Book falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Flexsteel Industries Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Flexsteel Industries's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Flexsteel Industries (Flexsteel Industries) Business Description
Flexsteel Industries Inc is a United States-based company that manufactures, imports, and markets residential upholstered wooden furniture products. The products offering include sofas, loveseats, chairs, rockers, desks, tables, convertible bedding units, and bedroom furniture. The company's products are intended for use in home, office, hotel, healthcare, and other contract applications. A featured component in the company's upholstered furniture is the durable Blue Steel Spring. It operates in the business segment of Furniture products. The company's furniture products business involves the distribution of manufactured and imported products for residential and contract markets, of which key revenue is derived from the residential market.
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