Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Optex Systems HoldingsOPXS +3.29%91 Return-on-Tangible-Asset is 17.57% as of Mar. 2026, which is 69% above its 10-year median of 10.39. GuruFocus rates OPXS with a GF Score™ of 91/100 and a GF Value™ of $10.39 (Fairly Valued). The stock has 1 warning sign investors should review. Among 361 Aerospace & Defense companies, Optex Systems Holdings ranks better than 90.3% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Optex Systems Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $5.36 Mil. Optex Systems Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $30.54 Mil. Therefore, Optex Systems Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.57%.
The historical rank and industry rank for Optex Systems Holdings's Return-on-Tangible-Asset or its related term are showing as below:
OPXS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.27 Med: 10.39 Max: 37.48
Current: 14.1
During the past 13 years, Optex Systems Holdings's highest Return-on-Tangible-Asset was 37.48%. The lowest was -2.27%. And the median was 10.39%.
OPXS's Return-on-Tangible-Asset is ranked better than 90.3% of 361
companies
in the Aerospace & Defense industry
Industry Median: 3.03
vs OPXS: 14.10
Optex Systems Holdings (NAS:OPXS) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Optex Systems Holdings Return-on-Tangible-Asset Related Terms
Optex Systems Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Optex Systems Holdings's Return-on-Tangible-Asset 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.
Optex Systems Holdings Return-on-Tangible-Asset Chart
OPXS vs SPAI, BYRN, VWAV: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Optex Systems Holdings's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Optex Systems Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Optex Systems Holdings's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 17.57% mean?
Optex Systems Holdings (OPXS) has a Return-on-Tangible-Asset of 17.57% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Optex Systems Holdings and its competitors. This is 69% above median its historical median of 10.39. According to the industry distribution chart, Optex Systems Holdings ranks #35 out of 361 companies in the Aerospace & Defense industry, placing it in the top 9.7%.
Is Optex Systems Holdings' Return-on-Tangible-Asset too high?
Optex Systems Holdings' current Return-on-Tangible-Asset of 17.57% is 69% above median its 10-year median of 10.39. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.03. Optex Systems Holdings' value of 17.57% is 479.9% above this industry median. Based on the distribution chart, Optex Systems Holdings ranks #35 out of 361 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. 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' Return-on-Tangible-Asset compare to SPAI and BYRN?
According to the Aerospace & Defense industry distribution chart, Optex Systems Holdings ranks #35 out of 361 companies for Return-on-Tangible-Asset. This places Optex Systems Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.03. Optex Systems Holdings' value of 17.57% is 479.9% above this benchmark. While the company's 10-year median is 10.39 vs. the industry median of 3.03, Optex Systems Holdings has consistently been above 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 Return-on-Tangible-Asset for an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.03, based on 361 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Optex Systems Holdings's current Return-on-Tangible-Asset of 17.57% is 479.9% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Optex Systems Holdings and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Optex Systems Holdings's current Return-on-Tangible-Asset is 17.57%, which is 69% above median its own 10-year median of 10.39. 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 (OPXS) is currently considered Fairly Valued. The stock's GF Value™ is $10.39, compared to a current price of $11.38 — trading 9.5% above its estimated fair value. The current Return-on-Tangible-Asset is 17.57%, which is 69% above median its 10-year median of 10.39 and 479.9% above the Aerospace & Defense industry median of 3.03. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Optex Systems Holdings (OPXS), the current Return-on-Tangible-Asset is 17.57% as of Mar. 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 (OPXS) Overvalued in 2026?
Based on GuruFocus' analysis, Optex Systems Holdings stock appears to be overvalued.
The current stock price of $11.38 is trading 9.5% above its estimated GF Value™ of $10.39.
GuruFocus considers Optex Systems Holdings to be Fairly Valued.
Key valuation signals for OPXS:
Return-on-Tangible-Asset: 17.57% (69% above median its 10-year median of 10.39)
GF Value™: $10.39 vs. price of $11.38 (9.5% above fair value)
Industry Position: 479.9% above the Aerospace & Defense median (#35 of 361)
No single metric tells the full story. See the OPXS 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 OPXS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OPXS has been successfully added to your 
