Does FLEXSTEEL INDUSTRIES, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores FLEXSTEEL INDUSTRIES, INC. (FLXS) 40.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 21, returns on capital 27, balance-sheet safety 73, capital discipline 58.

Is FLXS stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $20.91 per share versus a recent price of $72.98 — 249% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has FLXS's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 40.4 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

FLEXSTEEL INDUSTRIES, INC.

FLXS · Materials · $387.3M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power21

Median gross margin 20.1% over 10y, stable.

Returns on capital27

Median ROIC 8.0%, above the 9% hurdle in 40% of years.

Balance-sheet safety73

Net debt/EBITDA n/ax, interest coverage 380x.

Capital discipline58

Owner earnings +0.0%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

249% above value

Owner earnings (normalized): $10.0M
Est. intrinsic value / share: $20.91
Recent price: $72.98
Discount to value: 249% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for FLXS yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale40.4 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — FLXS has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Materials context

#102 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#100AXTA AXALTA COATING SYSTEMS LTD.40.7 out of 100, Shallow moatShallow moat
#101FBIN Fortune Brands Innovations, Inc.40.5 out of 100, Shallow moatShallow moat
#103JHX JAMES HARDIE INDUSTRIES PLC40.2 out of 100, Shallow moatShallow moat
#104DLX DELUXE CORP39.8 out of 100, No moatNo moat

Compare FLXS with its nearest peers →All Materials companies on the Index →

Common questions about FLXS

Does FLEXSTEEL INDUSTRIES, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores FLEXSTEEL INDUSTRIES, INC. (FLXS) 40.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 21, returns on capital 27, balance-sheet safety 73, capital discipline 58.
Is FLXS stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $20.91 per share versus a recent price of $72.98 — 249% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has FLXS's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 40.4 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell FLXS. See the disclaimer.