Optex Systems Holdings Inc (OPXS)

Optical Instruments & Lenses

Latest Price

$10.41

TTM P/E

19.28

Normalized P/E

22.68

Div Yield

Book Value

4.00

P/B Ratio

2.60

Valuation metrics

EPS: $0.74

Book value / share: $3.51

Formula: √(22.5 × EPS × BVPS)

Graham Number

$7.64

27% downside

Norm. op. income: $3M (median of 7yr)

Tax rate: 21%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$4.21

60% downside

Base FCF: $1M (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$16.44

+57% upside

EPS: $0.74

Target P/E: 23×

Formula: EPS × P/E

P/E Fair Value

$17.02

+62% upside

40.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
WASATCH ADVISORS LP	634.7K	$8.0M	9.12%	+236.5K	2026-06-30
Topline Capital Management, LLC	449.4K	$6.0M	6.46%	-130.0K	2026-06-30
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.	339.7K	$4.0M	4.88%	+16.3K	2026-06-30
LPL Financial LLC	225.0K	$3.0M	3.23%	-30.9K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	218.6K	$3.0M	3.14%	+19.8K	2026-06-30
Archon Capital Management LLC	196.1K	$2.0M	2.82%	+538	2026-06-30
Meros Investment Management, LP	95.3K	$1.0M	1.37%	--	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	66.5K	--	0.96%	+3.8K	2026-06-30
Mink Brook Asset Management LLC	62.3K	--	0.89%	-2.6K	2026-06-30
MARSHALL WACE, LLP	51.5K	--	0.74%	-47.5K	2026-06-30