Flexsteel Industries, Inc. (FLXS) Key Metrics
FLXS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $343.7M
- Enterprise value
- $382.1M
- P/E (TTM)
- 13.8 10-yr median 14.7
- Forward P/E
- 16.0
- PEG ratio
- 1.34
- Price / sales
- 0.7 10-yr median 0.4
- Price / book
- 2.6 10-yr median 1.2
- EV / EBITDA
- 8.0 10-yr median 9.0
- Dividend yield
- 1.19% $1.00 a year
- Beta
- 0.53
FLXS key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsFLXS valuation Price multiples at each fiscal year-end price.
FLXS returns How much profit the business earns on the capital it uses.
FLXS per-share figures Results divided by the shares outstanding at year-end.
FLXS financial health Debt, liquidity and how easily interest is covered.
FLXS efficiency & capital use Working capital cycle and where the cash goes.
FLXS valuation history
FLXS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FLXS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FLXS cash returned to shareholders
FLXS price vs earnings per share
FLXS key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $406.4M | $204.6M | $171.4M | $102.9M | $117.1M | $301.6M | $100.5M | $134.6M | $316.0M | $426.7M |
| Enterprise value | $441.6M | $223.9M | $237.1M | $135.0M | $193.0M | $333.9M | $64.3M | $112.3M | $272.3M | $379.9M |
| P/E ratio | 12.3 | 10.2 | 16.3 | 7.0 | 63.2 | 13.1 | — | — | 17.9 | 17.9 |
| Price / sales | 0.9 | 0.5 | 0.4 | 0.3 | 0.2 | 0.6 | 0.3 | 0.3 | 0.6 | 0.9 |
| Price / book | 3.0 | 1.2 | 1.1 | 0.7 | 0.9 | 1.8 | 0.6 | 0.7 | 1.3 | 1.8 |
| Price / free cash flow | 8.5 | 6.1 | 6.3 | 5.7 | 28.3 | — | 6.9 | — | — | 33.0 |
| Price / operating cash flow | 7.9 | 5.5 | 5.4 | 4.5 | 14.6 | — | 5.5 | 20.0 | 11.6 | 16.2 |
| EV / sales | 1.0 | 0.5 | 0.6 | 0.3 | 0.4 | 0.7 | 0.2 | 0.3 | 0.6 | 0.8 |
| EV / EBITDA | 9.5 | 7.3 | 11.2 | 8.9 | 16.2 | 9.1 | — | — | 8.4 | 8.3 |
| EV / free cash flow | 9.3 | 6.6 | 8.7 | 7.4 | 46.6 | — | 4.4 | — | — | 29.4 |
| Earnings yield | 8.2% | 9.9% | 6.1% | 14.4% | 1.6% | 7.6% | −26.7% | −24.2% | 5.6% | 5.6% |
| Free cash flow yield | 11.7% | 16.5% | 15.8% | 17.7% | 3.5% | −11.7% | 14.5% | −10.9% | −0.7% | 3.0% |
| Dividend yield | 1.1% | 1.7% | 1.9% | 3.1% | 3.3% | 0.9% | 7.0% | 5.1% | 2.1% | 1.4% |
| Shareholder yield (dividends + buybacks) | 16.8% | 3.1% | 2.8% | 6.7% | 33.3% | 10.7% | 8.5% | 5.3% | 2.3% | 1.7% |
| Share price at fiscal year-end | $74.48 | $36.03 | $31.06 | $19.11 | $18.00 | $40.39 | $12.63 | $17.06 | $39.90 | $54.11 |
| Per share | ||||||||||
| Revenue per share | $84.16 | $77.68 | $74.79 | $73.11 | $83.70 | $64.13 | $46.12 | $56.23 | $61.77 | $59.44 |
| Earnings per share | $6.07 | $3.55 | $1.91 | $2.74 | $0.28 | $3.09 | −$3.37 | −$4.13 | $2.23 | $3.02 |
| Operating cash flow per share | $9.44 | $6.51 | $5.78 | $4.27 | $1.23 | −$4.38 | $2.30 | $0.85 | $3.45 | $3.35 |
| Free cash flow per share | $8.72 | $5.94 | $4.91 | $3.38 | $0.64 | −$4.72 | $1.83 | −$1.85 | −$0.27 | $1.64 |
| Cash per share | $3.06 | $7.05 | $0.86 | $0.62 | $0.34 | $0.18 | $6.06 | $2.82 | $5.52 | $5.94 |
| Book value per share | $24.47 | $29.56 | $27.25 | $26.30 | $20.23 | $22.49 | $22.06 | $26.04 | $30.52 | $29.26 |
| Tangible book value per share | $24.47 | $29.56 | $27.25 | $26.30 | $20.23 | $22.49 | $22.06 | $26.04 | $30.52 | $29.26 |
| Dividends per share | $0.80 | $0.63 | $0.58 | $0.60 | $0.60 | $0.35 | $0.88 | $0.88 | $0.85 | $0.77 |
| Capex per share | $0.72 | $0.57 | $0.86 | $0.89 | $0.59 | $0.35 | $0.46 | $2.71 | $3.72 | $1.71 |
| Debt per share | $9.51 | $10.46 | $12.76 | $6.58 | $12.01 | $4.51 | $1.51 | — | $0.00 | $0.00 |
| Shares outstanding | 5.5M | 5.7M | 5.5M | 5.4M | 6.5M | 7.5M | 8.0M | 7.9M | 7.9M | 7.9M |
| Change in shares outstanding | −3.9% | +2.9% | +2.5% | −17.2% | −12.9% | −6.1% | +0.8% | −0.4% | +0.4% | +1.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 22.0% | 12.7% | 7.2% | 10.8% | 1.2% | 13.4% | −14.1% | −14.6% | 7.5% | 10.8% |
| Return on invested capital (ROIC) | 18.1% | 9.9% | 5.9% | 5.5% | 1.6% | 13.5% | −16.9% | −17.9% | 9.0% | 13.2% |
| Return on assets (ROA) | 12.3% | 7.2% | 3.7% | 5.3% | 0.7% | 8.6% | −10.9% | −12.1% | 6.4% | 9.2% |
| Return on tangible assets | 13.0% | 7.1% | 3.8% | 5.1% | 0.7% | 7.8% | −11.3% | −12.8% | 6.2% | 8.8% |
| Free cash flow margin | 10.4% | 7.6% | 6.6% | 4.6% | 0.8% | −7.4% | 4.0% | −3.3% | −0.4% | 2.8% |
| Income quality (OCF / net income) | 1.56 | 1.83 | 3.03 | 1.56 | 4.31 | −1.42 | — | — | 1.55 | 1.11 |
| Financial health | ||||||||||
| Total debt | $51.9M | $59.4M | $70.4M | $35.5M | $78.1M | $33.6M | $12.0M | — | $0 | $0 |
| Cash & short-term investments | $16.7M | $40.0M | $4.8M | $3.4M | $2.2M | $1.3M | $48.2M | $22.2M | $43.7M | $46.8M |
| Net debt | $35.2M | $19.4M | $65.7M | $32.1M | $75.9M | $32.3M | −$36.2M | −$22.2M | −$43.7M | −$46.8M |
| Debt / equity | 0.39 | 0.35 | 0.47 | 0.25 | 0.59 | 0.20 | 0.07 | — | 0.00 | 0.00 |
| Debt / assets | 0.20 | 0.21 | 0.26 | 0.12 | 0.29 | 0.11 | 0.05 | — | 0.00 | 0.00 |
| Net debt / EBITDA | 0.76 | 0.63 | 3.11 | 2.12 | 6.37 | 0.88 | — | — | −1.34 | −1.03 |
| Current ratio | 2.09 | 2.78 | 2.57 | 3.10 | 2.94 | 2.29 | 3.40 | 3.47 | 4.63 | 5.25 |
| Quick ratio | 0.90 | 1.34 | 0.97 | 0.88 | 0.76 | 0.68 | 2.08 | 1.51 | 2.28 | 2.58 |
| Interest coverage | — | 380.2 | 11.0 | 7.9 | 7.9 | — | -419.5 | -0.7 | — | — |
| Working capital | $82.7M | $110.4M | $95.0M | $115.5M | $125.4M | $128.8M | $128.4M | $118.2M | $148.7M | $158.1M |
| Invested capital | $168.7M | $187.2M | $216.0M | $173.7M | $207.5M | $200.3M | $139.3M | $183.2M | $198.0M | $183.9M |
| Tangible asset value | $133.5M | $167.9M | $150.4M | $141.6M | $131.6M | $168.0M | $175.5M | $205.4M | $241.7M | $230.8M |
| Net current asset value | $37.9M | $57.7M | $31.3M | $21.7M | $52.9M | $99.7M | $120.1M | $117.1M | $147.0M | $156.0M |
| Graham number | $57.82 | $48.59 | $34.20 | $40.30 | $11.39 | $39.52 | — | — | $39.14 | $44.56 |
| Graham net-net per share | −$4.87 | −$0.64 | −$6.86 | −$10.38 | −$5.16 | −$0.66 | $5.77 | $6.19 | $10.12 | $11.29 |
| Capital allocation | ||||||||||
| Dividends paid | $4.4M | $3.6M | $3.2M | $3.2M | $3.9M | $2.6M | $7.0M | $6.9M | $6.7M | $6.1M |
| Share buybacks (net) | $63.7M | $2.8M | $1.7M | $3.7M | $35.1M | $29.8M | $1.6M | $211,000 | $552,000 | $1.1M |
| Dividend payout ratio | 13.2% | 17.6% | 30.6% | 21.9% | 211.1% | 11.4% | — | — | 38.2% | 25.5% |
| Dividends + buybacks / free cash flow | 143.2% | 18.9% | 18.0% | 38.1% | 941.1% | — | 58.8% | — | — | 55.6% |
| Capex / revenue | 0.9% | 0.7% | 1.2% | 1.2% | 0.7% | 0.5% | 1.0% | 4.8% | 6.0% | 2.9% |
| Capex / operating cash flow | 7.6% | 8.8% | 15.0% | 20.8% | 48.2% | — | 20.2% | 317.9% | 107.9% | 51.0% |
| Capex / depreciation | 1.03 | 0.89 | 1.19 | 1.05 | 0.75 | 0.50 | 0.44 | 2.87 | 4.00 | 1.70 |
| Stock-based compensation / revenue | 1.0% | 0.9% | 1.1% | 0.8% | 0.2% | 0.8% | 1.3% | 0.3% | 0.1% | 0.3% |
| R&D / revenue | — | — | 0.5% | 0.5% | 0.5% | 0.4% | 1.1% | 1.0% | 0.8% | 0.8% |
| SG&A / revenue | 15.4% | 15.1% | 15.6% | 14.7% | 11.2% | 13.4% | 19.7% | 18.3% | 13.7% | 13.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 31.0 | 32.9 | 36.4 | 36.7 | 32.6 | 33.6 | 35.0 | 32.7 | 31.2 | 33.9 |
| Days of inventory on hand | 94.9 | 98.8 | 122.6 | 148.9 | 117.0 | 110.6 | 95.5 | 92.7 | 91.3 | 93.9 |
| Days payables outstanding | 32.7 | 27.4 | 28.4 | 32.2 | 38.7 | 45.6 | 26.8 | 17.4 | 15.9 | 14.1 |
| Cash conversion cycle (days) | 93.2 | 104.3 | 130.7 | 153.5 | 110.9 | 98.6 | 103.6 | 108.0 | 106.6 | 113.7 |
| Receivables turnover | 11.79 | 11.10 | 10.02 | 9.93 | 11.21 | 10.86 | 10.43 | 11.17 | 11.70 | 10.78 |
| Payables turnover | 11.18 | 13.34 | 12.87 | 11.35 | 9.44 | 8.00 | 13.60 | 20.97 | 23.01 | 25.93 |
| Inventory turnover | 3.85 | 3.70 | 2.98 | 2.45 | 3.12 | 3.30 | 3.82 | 3.94 | 4.00 | 3.89 |
| Asset turnover | 1.71 | 1.58 | 1.46 | 1.41 | 1.92 | 1.79 | 1.49 | 1.65 | 1.76 | 1.81 |
| Average receivables | $38.9M | $39.7M | $41.2M | $39.6M | $48.5M | $44.1M | $35.2M | $39.7M | $41.8M | $43.5M |
| Average payables | $30.9M | $25.7M | $25.3M | $28.4M | $50.0M | $47.8M | $23.1M | $17.8M | $17.0M | $13.9M |
| Average inventory | $89.9M | $92.9M | $109.3M | $131.6M | $151.2M | $115.8M | $82.1M | $94.9M | $97.8M | $92.7M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from FLXS's annual financial statements (latest annual report filed August 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FLXS valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Flexsteel Industries traded at 12.3 times earnings, against a 10-year median of 14.7. Based on the latest twelve months, the trailing P/E is 13.8 and the forward P/E is 16.0. Flexsteel Industries earned a return on equity of 22.0% and a return on invested capital of 18.1% in fiscal 2026. It ended the year with $51.9 million of debt and $16.7 million in cash and short-term investments, net debt of $35.2 million. It returned $68.1 million to shareholders: $4.4 million in dividends and $63.7 million in share buybacks, 143% of free cash flow. The share count fell 30.8% from 7.9M to 5.5M over 9 years.
See the FLXS income statement, the FLXS chart for price history, or the FLXS stock overview for the latest quote and news.
FLXS key metrics FAQ
What is Flexsteel Industries's P/E ratio?
Flexsteel Industries's trailing P/E ratio is 13.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 16.0. At the end of fiscal 2026 it was 12.3, compared with a 10-year median of 14.7.
What is Flexsteel Industries's EV/EBITDA?
Flexsteel Industries's enterprise value was 9.5 times EBITDA at the end of fiscal 2026 (enterprise value $441.6 million, EBITDA $46.4 million); the current EV/EBITDA is 8.0.
What is Flexsteel Industries's return on equity?
Flexsteel Industries's return on equity (ROE) was 22.0% in fiscal 2026: net income of $33.1 million on average shareholders' equity of $150.7 million.
What is Flexsteel Industries's ROIC?
Flexsteel Industries's return on invested capital was 18.1% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Flexsteel Industries have?
Flexsteel Industries had total debt of $51.9 million at the end of fiscal 2026, a debt-to-equity ratio of 0.39 and $35.2 million of net debt (0.76 times EBITDA).
What is Flexsteel Industries's dividend yield?
Flexsteel Industries's forward dividend yield is 1.19%. Flexsteel Industries paid $4.4 million in dividends in fiscal 2026 ($0.80 per share), a payout ratio of 13.2%.
Does Flexsteel Industries buy back its shares?
Yes. Flexsteel Industries spent $63.7 million on net share repurchases in fiscal 2026 Shares outstanding changed −3.9% over the year, to 5.5M..
What is Flexsteel Industries's free cash flow yield?
Flexsteel Industries generated $47.6 million of free cash flow in fiscal 2026, a free cash flow yield of 11.7% on its market value at year-end ($406.4 million).
What is Flexsteel Industries's current ratio?
Flexsteel Industries's current ratio was 2.09 at the end of fiscal 2026: current assets were 2.09 times current liabilities.