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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Bassett Furniture Industries's Net Income for the
three
months ended in May. 2026 was $2.0 Mil. Its Net Income for the trailing twelve months (TTM) ended in May. 2026 was $5.5 Mil.
Bassett Furniture Industries (NAS:BSET) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Bassett Furniture Industries's Earnings per Share (Diluted) (EPS) for the quarter that ended in May. 2026 is calculated as
* 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.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable business
Consistent accounting methods
And few restructurings
The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Bassett Furniture Industries Net Income Related Terms
Bassett Furniture Industries Net Income Historical Data
* 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.
Bassett Furniture Industries Net Income Calculation
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.5 Mil.
* 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.
Bassett Furniture Industries (BSET) has a Net Income of $5.5 Mil as of May. 2026. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Bassett Furniture Industries and its competitors.
Is Bassett Furniture Industries' Net Income too high?
Bassett Furniture Industries' current Net Income is $5.5 Mil. Overall, Bassett Furniture Industries has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bassett Furniture Industries' Net Income compare to COOK and HOFT?
Bassett Furniture Industries' Net Income of $5.5 Mil can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a Furnishings, Fixtures & Appliances company?
A good Net Income depends on the Furnishings, Fixtures & Appliances industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Bassett Furniture Industries and its competitors. Bassett Furniture Industries's current Net Income is $5.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bassett Furniture Industries stock overvalued right now?
Based on GuruFocus' analysis, Bassett Furniture Industries (BSET) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.39, compared to a current price of $18.85 — trading 31% above its estimated fair value. The current Net Income is $5.5 Mil. Bassett Furniture Industries' overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Bassett Furniture Industries (BSET), the current Net Income is $5.5 Mil as of May. 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 Bassett Furniture Industries (BSET) Overvalued in 2026?
Based on GuruFocus' analysis, Bassett Furniture Industries stock appears to be overvalued.
The current stock price of $18.85 is trading 31% above its estimated GF Value™ of $14.39.
GuruFocus considers Bassett Furniture Industries to be Modestly Overvalued.
Key valuation signals for BSET:
Net Income: $5.5 Mil
GF Value™: $14.39 vs. price of $18.85 (31% above fair value)
No single metric tells the full story. See the BSET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bassett Furniture Industries Inc is a manufacturer, marketer, and retailer of home furnishings products in the United States. It operates through the following segments: The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products, the Retail segment which consists of company-owned stores, and the Corporate and others segment. Majority of revenue is from Wholesale sales of furniture and accessories.
67GF Score
Get the complete analysis for BSET
Net Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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