Insteel IndustriesIIIN +3.40%68 Interest Coverage is 294.83 as of Mar. 2026, which is 19% below its 10-year median of 365.47. GuruFocus rates IIIN with a GF Score™ of 68/100 and a GF Value™ of $37.81 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,329 Industrial Products companies, Insteel Industries ranks better than 93.99% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Insteel Industries's
Operating Income
for the
three
months ended in Mar. 2026 was $6.8 Mil. Insteel Industries's Interest Expense for the
three
months ended in Mar. 2026 was $-0.0 Mil.
Insteel Industries's interest coverage for the quarter that ended in Mar. 2026 was 294.83.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Insteel Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Insteel Industries's Interest Coverage or its related term are showing as below:
IIIN'
s Interest Coverage Range Over the Past 10 Years
Min: 33.08 Med: 365.47 Max: 1772.11
Current: 889.45
IIIN's Interest Coverage is ranked better than 93.99% of 2329
companies
in the Industrial Products industry
Industry Median: 14.79
vs IIIN: 889.45
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Insteel Industries Interest Coverage Related Terms
Insteel Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Insteel Industries's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Metal Fabrication subindustry, Insteel Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Insteel Industries Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Insteel Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Insteel Industries's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Insteel Industries (IIIN) has a Interest Coverage of 294.83 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Insteel Industries and its competitors. This is 19% below median its historical median of 365.47. Over the past decade, Insteel Industries' Interest Coverage has ranged from 33.08 to 1,772.11. According to the industry distribution chart, Insteel Industries ranks #140 out of 2329 companies in the Industrial Products industry, placing it in the top 6%.
Is Insteel Industries' Interest Coverage too high?
Insteel Industries' current Interest Coverage of 294.83 is 19% below median its 10-year median of 365.47. Over the past 10 years, this metric has ranged from a low of 33.08 to a high of 1,772.11. The Industrial Products industry median Interest Coverage is 14.79. Insteel Industries' value of 294.83 is 1893.4% above this industry median. Based on the distribution chart, Insteel Industries ranks #140 out of 2329 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Insteel Industries has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Insteel Industries' Interest Coverage compare to MEC and TG?
According to the Industrial Products industry distribution chart, Insteel Industries ranks #140 out of 2329 companies for Interest Coverage. This places Insteel Industries in the top 6% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 14.79. Insteel Industries' value of 294.83 is 1893.4% above this benchmark. Historically, Insteel Industries' own Interest Coverage has ranged from 33.08 to 1,772.11 over the past decade. While the company's 10-year median is 365.47 vs. the industry median of 14.79, Insteel Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.79, based on 2,329 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Insteel Industries's current Interest Coverage of 294.83 is 1893.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Insteel Industries and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Insteel Industries's current Interest Coverage is 294.83, which is 19% below median its own 10-year median of 365.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Insteel Industries stock overvalued right now?
Based on GuruFocus' analysis, Insteel Industries (IIIN) is currently considered Modestly Undervalued. The stock's GF Value™ is $37.81, compared to a current price of $31.00 — trading 18% below its estimated fair value. The current Interest Coverage is 294.83, which is 19% below median its 10-year median of 365.47 and 1893.4% above the Industrial Products industry median of 14.79. Insteel Industries' overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Insteel Industries (IIIN), the current Interest Coverage is 294.83 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Insteel Industries (IIIN) Overvalued in 2026?
Based on GuruFocus' analysis, Insteel Industries stock appears to be undervalued.
The current stock price of $31.00 is trading 18% below its estimated GF Value™ of $37.81.
GuruFocus considers Insteel Industries to be Modestly Undervalued.
Key valuation signals for IIIN:
Interest Coverage: 294.83 (19% below median its 10-year median of 365.47)
GF Value™: $37.81 vs. price of $31.00 (18% below fair value)
Industry Position: 1893.4% above the Industrial Products median (#140 of 2329)
No single metric tells the full story. See the IIIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Insteel Industries Inc produces and sells prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). PC strand, a high-strength seven-wire cable, is used to strengthen precast concrete in structures like bridges, parking decks, and buildings, enabling longer spans and slimmer designs. WWR includes engineered structural mesh for primary reinforcement, concrete pipe reinforcement for drainage and sewage systems, and standard WWR for crack control in residential and light commercial construction. The company serves markets in the United States and internationally, with the majority of revenue generated in the United States.
68GF Score
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