Flexsteel IndustriesFLXS +6.08%64 Altman Z-Score is 5.33 as of Jun. 27, 2026, which is 21% above its 10-year median of 4.40. GuruFocus rates FLXS with a GF Score™ of 64/100 and a GF Value™ of $37.94 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 429 Furnishings, Fixtures & Appliances companies, Flexsteel Industries ranks better than 79.72% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 5.33 is strong.
Flexsteel Industries has a Altman Z-Score of 5.33, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Flexsteel Industries's Altman Z-Score or its related term are showing as below:
FLXS'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.15 Med: 4.4 Max: 10.52
Current: 5.33
During the past 13 years, Flexsteel Industries's highest Altman Z-Score was 10.52. The lowest was 3.15. And the median was 4.40.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Flexsteel Industries Altman Z-Score Related Terms
Flexsteel Industries Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Flexsteel Industries's Altman Z-Score 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 LOVE, LCUT, HBB: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Flexsteel Industries's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Flexsteel Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Flexsteel Industries's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Flexsteel Industries's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.4902
+
1.4
*
0.7153
+
3.3
*
0.1445
+
0.6
*
2.8142
+
1.0
*
1.5798
=
5.33
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Flexsteel Industries (FLXS) has a Altman Z-Score of 5.33 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Flexsteel Industries and its competitors. This is 21% above median its historical median of 4.40. Over the past decade, Flexsteel Industries' Altman Z-Score has ranged from 3.15 to 10.52. According to the industry distribution chart, Flexsteel Industries ranks #87 out of 429 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 20.3%.
Is Flexsteel Industries' Altman Z-Score too high?
Flexsteel Industries' current Altman Z-Score of 5.33 is 21% above median its 10-year median of 4.40. Over the past 10 years, this metric has ranged from a low of 3.15 to a high of 10.52. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.81. Flexsteel Industries' value of 5.33 is 89.7% above this industry median. Based on the distribution chart, Flexsteel Industries ranks #87 out of 429 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 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Flexsteel Industries' Altman Z-Score compare to LOVE and LCUT?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Flexsteel Industries ranks #87 out of 429 companies for Altman Z-Score. This places Flexsteel Industries in the top 20% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.81. Flexsteel Industries' value of 5.33 is 89.7% above this benchmark. Historically, Flexsteel Industries' own Altman Z-Score has ranged from 3.15 to 10.52 over the past decade. While the company's 10-year median is 4.40 vs. the industry median of 2.81, 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 Altman Z-Score for a Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.81, based on 429 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Flexsteel Industries's current Altman Z-Score of 5.33 is 89.7% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Flexsteel Industries and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flexsteel Industries's current Altman Z-Score is 5.33, which is 21% above median its own 10-year median of 4.40. 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 $37.94, compared to a current price of $72.41 — trading 90.9% above its estimated fair value. The current Altman Z-Score is 5.33, which is 21% above median its 10-year median of 4.40 and 89.7% above the Furnishings, Fixtures & Appliances industry median of 2.81. Flexsteel Industries' overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Flexsteel Industries (FLXS), the current Altman Z-Score is 5.33 as of Jun. 27, 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 $72.41 is trading 90.9% above its estimated GF Value™ of $37.94.
GuruFocus considers Flexsteel Industries to be Significantly Overvalued.
Key valuation signals for FLXS:
Altman Z-Score: 5.33 (21% above median its 10-year median of 4.40)
GF Value™: $37.94 vs. price of $72.41 (90.9% above fair value)
Industry Position: 89.7% above the Furnishings, Fixtures & Appliances median (#87 of 429)
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.
64GF Score
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