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Optex Systems HoldingsFRA:X62 91 Piotroski F-Score is 5 as of Jul. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates FRA:X62 with a GF Score™ of 91/100 and a GF Value™ of €10.32 (Fairly Valued). The stock has 1 warning sign investors should review. Among 320 Aerospace & Defense companies, Optex Systems Holdings ranks better than 52.5% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Optex Systems Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Optex Systems Holdings's Piotroski F-Score or its related term are showing as below:
FRA:X62'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Optex Systems Holdings was 8. The lowest was 3. And the median was 6.
Optex Systems Holdings (FRA:X62) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Optex Systems Holdings Piotroski F-Score Related Terms
Optex Systems Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Optex Systems Holdings's Piotroski F-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.
FRA:X62 vs SPAI, BYRN, VWAV: Piotroski F-Score Comparison
For the Aerospace & Defense subindustry, Optex Systems Holdings's Piotroski F-Score, along with its competitors' market caps and Piotroski F-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.
Optex Systems Holdings Piotroski F-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Optex Systems Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Optex Systems Holdings's Piotroski F-Score falls into.
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Optex Systems Holdings's current Net Income (TTM) was 3.55.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Optex Systems Holdings's current Cash Flow from Operations (TTM) was 1.38.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Optex Systems Holdings's return on assets of this year was 0.13963645. Optex Systems Holdings's return on assets of last year was 0.2067233.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Optex Systems Holdings's gearing of this year was 0.0323715. Optex Systems Holdings's gearing of last year was 0.05871602.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Optex Systems Holdings's current ratio of this year was 7.28033473. Optex Systems Holdings's current ratio of last year was 5.05618253.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Optex Systems Holdings's number of shares in issue this year was 6.925. Optex Systems Holdings's number of shares in issue last year was 6.893.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Optex Systems Holdings's gross margin of this year was 0.2928862. Optex Systems Holdings's gross margin of last year was 0.28795525.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Optex Systems Holdings's asset turnover of this year was 1.39266604. Optex Systems Holdings's asset turnover of last year was 1.58394994.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Optex Systems Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Optex Systems Holdings (FRA:X62) has a Piotroski F-Score of 5 as of Jul. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Optex Systems Holdings and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Optex Systems Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Optex Systems Holdings ranks #152 out of 320 companies in the Aerospace & Defense industry, placing it in the top 47.5%.
Is Optex Systems Holdings' Piotroski F-Score too high?
Optex Systems Holdings' current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Optex Systems Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Optex Systems Holdings ranks #152 out of 320 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Optex Systems Holdings has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Optex Systems Holdings' Piotroski F-Score compare to SPAI and BYRN?
According to the Aerospace & Defense industry distribution chart, Optex Systems Holdings ranks #152 out of 320 companies for Piotroski F-Score. This puts Optex Systems Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Optex Systems Holdings' value of 5 is 0% at this benchmark. Historically, Optex Systems Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Optex Systems Holdings has consistently been at 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 Piotroski F-Score for an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 320 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Optex Systems Holdings's current Piotroski F-Score of 5 is 0% at 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Optex Systems Holdings and its competitors. For the Aerospace & Defense industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Optex Systems Holdings's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optex Systems Holdings stock overvalued right now?
Based on GuruFocus' analysis, Optex Systems Holdings (FRA:X62) is currently considered Fairly Valued. The stock's GF Value™ is €10.32, compared to a current price of €11.30 — trading 9.5% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Aerospace & Defense industry median of 5.00. Optex Systems Holdings' overall GF Score™ is 91/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Optex Systems Holdings (FRA:X62), the current Piotroski F-Score is 5 as of Jul. 28, 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 Optex Systems Holdings (FRA:X62) Overvalued in 2026?
Based on GuruFocus' analysis, Optex Systems Holdings stock appears to be overvalued.
The current stock price of €11.30 is trading 9.5% above its estimated GF Value™ of €10.32.
GuruFocus considers Optex Systems Holdings to be Fairly Valued.
Key valuation signals for FRA:X62:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: €10.32 vs. price of €11.30 (9.5% above fair value)
Industry Position: 0% at the Aerospace & Defense median (#152 of 320)
No single metric tells the full story. See the FRA:X62 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Optex Systems Holdings Inc manufactures optical sighting systems and assemblies for the U.S. Department of Defense, foreign military applications, and commercial markets. Its products are installed on a variety of United States military land vehicles, such as the Abrams and Bradley fighting vehicles, light armored and security vehicles, and have been selected for installation on the Stryker family of vehicles. The company's operating segment includes Optex Systems Richardson, Applied Optics Center Dallas, and others. It generates maximum revenue from the Optex Systems Richardson segment. Some of its products include M17 Day/Thermal Periscope; DDAN / M36 Sights; Laser Protected Periscopes; Muzzle Reference Sensor, and others.
91GF Score
Get the complete analysis for FRA:X62
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