Ethan Allen Interiors Inc.
ETD · Materials · $579.1M mkt cap · FY2025 filings · Narrow moat
Wonderful & reasonably priced
The four filters
Pricing power93
Median gross margin 56.5% over 10y, very stable.
Returns on capital62
Median ROIC 12.8%, above the 9% hurdle in 80% of years.
Balance-sheet safety73
Net debt/EBITDA n/ax, interest coverage 255x.
Capital discipline45
Owner earnings -0.2%/yr, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $70.2M
- Est. intrinsic value / share
- $30.66
- Recent price
- $22.77
- Discount to value
- 26% below value
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.