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Flexsteel IndustriesFLXS +0.16%63 Return-on-Tangible-Asset is 8.88% as of Mar. 2026, which is 52% above its 10-year median of 5.83. GuruFocus rates FLXS with a GF Score™ of 63/100 and a GF Value™ of $38.01 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 434 Furnishings, Fixtures & Appliances companies, Flexsteel Industries ranks better than 90.09% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Flexsteel Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was $25.8 Mil. Flexsteel Industries's average total tangible assets for the quarter that ended in Mar. 2026 was $290.2 Mil. Therefore, Flexsteel Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.88%.
The historical rank and industry rank for Flexsteel Industries's Return-on-Tangible-Asset or its related term are showing as below:
FLXS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.11 Med: 5.83 Max: 11.03
Current: 11.03
During the past 13 years, Flexsteel Industries's highest Return-on-Tangible-Asset was 11.03%. The lowest was -12.11%. And the median was 5.83%.
FLXS's Return-on-Tangible-Asset is ranked better than 90.09% of 434
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.39
vs FLXS: 11.03
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Flexsteel Industries Return-on-Tangible-Asset Related Terms
Flexsteel Industries Return-on-Tangible-Asset Historical Data
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The historical data trend for Flexsteel Industries's Return-on-Tangible-Asset 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.
FLXS vs HBB, LOVE, COOK: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, Flexsteel Industries's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Flexsteel Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Flexsteel Industries's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.88% mean?
Flexsteel Industries (FLXS) has a Return-on-Tangible-Asset of 8.88% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Flexsteel Industries and its competitors. This is 52% above median its historical median of 5.83. According to the industry distribution chart, Flexsteel Industries ranks #43 out of 434 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 9.9%.
Is Flexsteel Industries' Return-on-Tangible-Asset too high?
Flexsteel Industries' current Return-on-Tangible-Asset of 8.88% is 52% above median its 10-year median of 5.83. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.39. Flexsteel Industries' value of 8.88% is 271.5% above this industry median. Based on the distribution chart, Flexsteel Industries ranks #43 out of 434 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Flexsteel Industries has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Flexsteel Industries' Return-on-Tangible-Asset compare to HBB and LOVE?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Flexsteel Industries ranks #43 out of 434 companies for Return-on-Tangible-Asset. This places Flexsteel Industries in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.39. Flexsteel Industries' value of 8.88% is 271.5% above this benchmark. While the company's 10-year median is 5.83 vs. the industry median of 2.39, Flexsteel 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 Return-on-Tangible-Asset for a Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.39, based on 434 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Flexsteel Industries's current Return-on-Tangible-Asset of 8.88% is 271.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Flexsteel Industries and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flexsteel Industries's current Return-on-Tangible-Asset is 8.88%, which is 52% above median its own 10-year median of 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flexsteel Industries stock overvalued right now?
Based on GuruFocus' analysis, Flexsteel Industries (FLXS) is currently considered Significantly Overvalued. The stock's GF Value™ is $38.01, compared to a current price of $73.07 — trading 92.2% above its estimated fair value. The current Return-on-Tangible-Asset is 8.88%, which is 52% above median its 10-year median of 5.83 and 271.5% above the Furnishings, Fixtures & Appliances industry median of 2.39. Flexsteel Industries' overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Flexsteel Industries (FLXS), the current Return-on-Tangible-Asset is 8.88% 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 Flexsteel Industries (FLXS) Overvalued in 2026?
Based on GuruFocus' analysis, Flexsteel Industries stock appears to be overvalued.
The current stock price of $73.07 is trading 92.2% above its estimated GF Value™ of $38.01.
GuruFocus considers Flexsteel Industries to be Significantly Overvalued.
Key valuation signals for FLXS:
Return-on-Tangible-Asset: 8.88% (52% above median its 10-year median of 5.83)
GF Value™: $38.01 vs. price of $73.07 (92.2% above fair value)
Industry Position: 271.5% above the Furnishings, Fixtures & Appliances median (#43 of 434)
No single metric tells the full story. See the FLXS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flexsteel Industries Inc is a United States-based company that manufactures, imports, and markets residential upholstered wooden furniture products. Its product offerings 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 markets.
63GF Score
Get the complete analysis for FLXS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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