Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Bassett Furniture Industries Inc.BSET · consumer durables | |
|---|---|
| Grade |  C/Don the C/D boundary of 460 graded peers; percentile 58.2, sampling error 2.3 points; lower is stronger |
| Rank | 266 of 460 |
| Profitability | Cpercentile 47.9 |
| Solvency | Bpercentile 37.4 |
| Growth and financing | Dpercentile 71.7 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $323.8M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active · fortress balance sheetnot computable: distress |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Feb 5, 2026246 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $21.612026-10-08; market equity $187.0M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 5, 2026; the document on sec.gov.
Bassett is a leading retailer, manufacturer and marketer of branded home furnishings. We were founded in 1902 and incorporated under the laws of Virginia in 1930. Our rich 123-year history has instilled the principles of quality, value, and integrity in everything we do, while simultaneously providing us with the expertise to respond to ever-changing consumer tastes and meet the demands of a global economy. Approximately 60% of our wholesale sales arise from our network of 86 Company-owned and licensee-owned Bassett Home Furnishings (“BHF”) stores.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 47.9 | |||||||
| Gross profitability | 58.3% | [1,5] | 34.4% | 19.4 | 476 | 2025-11-29 | |
| Return on invested capital | not computable | 8.9% | |||||
| latest aligned inputs end 2018-11-24; latest annual assets end 2025-11-29 | |||||||
| Accruals ratio | (2.2%) | [1,6-8] | (5.1%) | 76.5 | 525 | 2025-11-29 | |
| Gross margin stability, five years | not computable | 1.7 pts | |||||
| five consecutive annual gross margins are required | |||||||
| Solvency, sleeve percentile 37.4 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-08-29 | |||||||
| Altman Z double-prime | not computable | 2.11 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | not computable | 2.11x | |||||
| latest aligned inputs end 2018-11-24; latest annual assets end 2025-11-29 | |||||||
| Interest coverage | not computable | 2.57x | |||||
| interest expense must exceed $100,000 | |||||||
| Current ratio | 1.89x | [9-10] | 1.55x | 37.4 | 541 | 2025-11-29 | |
| Growth and financing, sleeve percentile 71.7 | |||||||
| Revenue growth, three-year compound | (11.6%) | [2,11-13] | 1.4% | 90.2 | 482 | 2025-11-29 | |
| Free cash flow growth, three-year compound | not computable | 8.3% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | (70.6%) | [9-10,14-20] | 12.0% | 85.2 | 265 | 2025-11-29 | |
| Asset growth, three years | (7.3%) | [1,8,21-22] | 2.0% | 79.4 | 487 | 2025-11-29 | |
| Net share issuance, one year | (1.5%) | [23-24] | (0.3%) | 32.0 | 382 | 2026-01-28 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.055; sampling error 2.3 percentile points on 460 peers.
Among 460 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 261 | Distribution Solutions Group, Inc. (DSGR) Distribution Solutions Group, Inc. (DSGR) C/Don the C/D boundary; percentile 57.2 Nasdaq · Wholesale-Machinery, Equipment & Supplies market equity $1.6B; last close $35.07 No active warnings; 11 of 14 inputs | 57.2 | C/D | |
| 262 | Kroger Co. (KR) Kroger Co. (KR) C/Don the C/D boundary; percentile 57.6 NYSE · Retail-Grocery Stores market equity $36.3B; last close $61.42 No active warnings; 10 of 14 inputs | 57.6 | C/D | |
| 263 | Jakks Pacific Inc. (JAKK) Jakks Pacific Inc. (JAKK) C/Don the C/D boundary; percentile 57.7 Nasdaq · Games, Toys & Children's Vehicles (No Dolls & Bicycles) market equity $320.0M; last close $27.95 Warnings: fortress balance sheet; 10 of 14 inputs | 57.7 | C/D | fortress balance sheet |
| 264 | Motorcar Parts OF America Inc. (MPAA) Motorcar Parts OF America Inc. (MPAA) C/Don the C/D boundary; percentile 57.7 Nasdaq · Motor Vehicle Parts & Accessories market equity $199.7M; last close $10.53 No active warnings; 9 of 14 inputs | 57.7 | C/D | |
| 265 | United Natural Foods Inc. (UNFI) United Natural Foods Inc. (UNFI) C/Don the C/D boundary; percentile 58.0 NYSE · Wholesale-Groceries, General Line market equity $2.7B; last close $44.06 No active warnings; 12 of 14 inputs | 58.0 | C/D | |
| 266 | Bassett Furniture Industries Inc. (BSET) Bassett Furniture Industries Inc. (BSET) C/Don the C/D boundary; percentile 58.2 Nasdaq · Wood Household Furniture, (No Upholstered) market equity $188.0M; last close $21.61 Warnings: fortress balance sheet; 7 of 14 inputs | 58.2 | C/D | fortress balance sheet |
| 267 | Autonation, Inc. (AN) Autonation, Inc. (AN) C/Don the C/D boundary; percentile 58.4 NYSE · Retail-Auto Dealers & Gasoline Stations market equity $5.2B; last close $156.87 No active warnings; 8 of 14 inputs | 58.4 | C/D | |
| 268 | Rocky Brands, Inc. (RCKY) Rocky Brands, Inc. (RCKY) C/Don the C/D boundary; percentile 58.5 Nasdaq · Footwear, (No Rubber) market equity $340.3M; last close $45.27 No active warnings; 12 of 14 inputs | 58.5 | C/D | |
| 269 | Papa Johns International Inc. (PZZA) Papa Johns International Inc. (PZZA) C/Don the C/D boundary; percentile 58.8 Nasdaq · Retail-Eating Places market equity $640.7M; last close $19.45 No active warnings; 9 of 14 inputs | 58.8 | C/D | |
| 270 | Autozone Inc. (AZO) Autozone Inc. (AZO) C/Don the C/D boundary; percentile 59.1 NYSE · Retail-Auto & Home Supply Stores market equity $47.5B; last close $2,910.72 No active warnings; 9 of 14 inputs | 59.1 | C/D | |
| 271 | Clarus Corp. (CLAR) Clarus Corp. (CLAR) C/Don the C/D boundary; percentile 59.3 Nasdaq · Sporting & Athletic Goods, NEC market equity $130.9M; last close $3.42 Warnings: fortress balance sheet; 9 of 14 inputs | 59.3 | C/D | fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 64.6 | 2204 |
| sector peers, equal sleeves (the grade) | C/D | 58.2 | 460 |
| same exchange, equal sleeves | D | 69.2 | 1219 |
| sector peers, equal inputs | D/E | 79.1 | 460 |
Each letter is one fifth of the 460 graded peers, about 92 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 26.4% | (0.2%) | 76 | hotter than 76 of 100 peers |
| Distance from 52-week high | (0.2%) | (25.6%) | 98 | closer to its high than 98 of 100 peers |
| EBIT to enterprise value | 5.1% | 5.0% | 51 | pricier than 49 of 100 peers |
| Free cash flow yield | 4.8% | 4.6% | 51 | pricier than 49 of 100 peers |
| Book value to price | 0.88 | 0.45 | 74 | pricier than 26 of 100 peers |
| Sales to price | 1.78 | 1.49 | 55 | pricier than 45 of 100 peers |
| Composite equity issuance, five years | (45.5%) | (16.0%) | 6 | more equity-funded than 6 of 100 peers |
| Relative strength against the sector, log excess return | 0.26 | (0.01) | 79 | ahead of 79 of 100 peers |
Inputs: market equity $188.0M; EBIT $7.8M; free cash flow $9.0M; book equity $164.9M; sales $335.3M; debt $292,000; cash $35.4M[25].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-11-29 | ||
|---|---|---|
| Return on assets above zero | 1.8% | ✓ pass[6,8] |
| Operating cash flow above zero | $13.5M | ✓ pass[7] |
| Return on assets improved | 4.4 pts | ✓ pass[6,8,21,26] |
| Operating cash flow exceeds net income | $7.4M | ✓ pass[6-7] |
| Long-term leverage fell | n/a[1,8,21] | |
| Current ratio improved | (3.8 pts) | ✗ fail[9-10,19-20] |
| No new shares issued | (1.5%) | ✓ pass[23-24] |
| Gross margin improved | 1.9 pts | ✓ pass[2,5,11,27] |
| Asset turnover improved | 9.2 pts | ✓ pass[2,8,11,21] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $35.4M[28] |
| Operating cash flow, four quarters | $15.8M[7,28-32] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 9 |
| 10-Q received Sep 30, 2026 | |
| Median daily dollar volume | $461,384 |
| 63 sessions | |
| Days since newest grade input | 246 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $323.8M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $335.3M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $33.5M | 2018-11-24 | 2020-01-23 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebt | $292,000 | 2018-11-24 | 2019-01-17 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $188.7M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | $6.1M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $13.5M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $341.2M | 2024-11-30 | 2026-02-05 | 10-K | filing · viewer · series |
| 9 | current assets | us-gaap:AssetsCurrent | $145.5M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 10 | current liabilities | us-gaap:LiabilitiesCurrent | $77.0M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 11 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $329.9M | 2024-11-30 | 2026-02-05 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $390.1M | 2023-11-25 | 2026-02-05 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $485.6M | 2022-11-26 | 2025-02-10 | 10-K | filing · viewer · series |
| 14 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $4.5M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 15 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $8.8M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 16 | operating income | us-gaap:OperatingIncomeLoss | $7.8M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 17 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $8.8M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 18 | income tax | us-gaap:IncomeTaxExpenseBenefit | $2.7M | 2025-11-29 | 2026-02-05 | 10-K | filing · viewer · series |
| 19 | current assets | us-gaap:AssetsCurrent | $141.5M | 2024-11-30 | 2026-02-05 | 10-K | filing · viewer · series |
| 20 | current liabilities | us-gaap:LiabilitiesCurrent | $73.4M | 2024-11-30 | 2026-02-05 | 10-K | filing · viewer · series |
| 21 | assets | us-gaap:Assets | $370.4M | 2023-11-25 | 2025-02-10 | 10-K | filing · viewer · series |
| 22 | assets | us-gaap:Assets | $406.3M | 2022-11-26 | 2024-01-25 | 10-K | filing · viewer · series |
| 23 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 8,654,370 | 2026-01-28 | 2026-02-05 | 10-K | filing · viewer · series |
| 24 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 8,788,356 | 2025-01-23 | 2025-02-10 | 10-K | filing · viewer · series |
| 25 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 8,651,361 | 2026-09-24 | 2026-09-30 | 10-Q | filing · viewer · series |
| 26 | net income | us-gaap:NetIncomeLoss | -$9.7M | 2024-11-30 | 2026-02-05 | 10-K | filing · viewer · series |
| 27 | gross profit | us-gaap:GrossProfit | $179.4M | 2024-11-30 | 2026-02-05 | 10-K | filing · viewer · series |
| 28 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $35.4M | 2026-08-29 | 2026-09-30 | 10-Q | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $8.0M | 2026-08-29 | 2026-09-30 | 10-Q | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.9M | 2026-05-30 | 2026-07-01 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$5.5M | 2026-02-28 | 2026-04-01 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $5.7M | 2025-08-30 | 2026-09-30 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 58.2 is 1.8 points from the nearest band edge; sampling error is 2.3 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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