Optex Systems Holdings, Inc (OPXS): fair value, margin of safety and Wheel Score

Is OPXS undervalued?

At 9.96 (close of 16 Oct 2026), OPXS trades 47% below the GLS average fair value of 18.75. That average comes from 5 models run on the latest filings, and 3 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Optex Systems Holdings, Inc the full Value points in the Wheel Score - and a closer look at what the market is pricing in.

The 5 models disagree widely: EPV gives 6.23 while GLS Growth gives 34.32. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.

The nightly engine files OPXS under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.

Nine valuation models for OPXS

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Financial health is weak: OPXS passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 8.8 out of 10, built from ten years of revenue, earnings, margins, cash flow, share count and returns on capital scored for consistency - a high reading that points to a durable business.

Returns on capital are high - ROIC 19.7%, ROE 21.2%, ROA 17.1% - with debt at 0.08 times equity and negative free cash flow.

Optex Systems Holdings, Inc pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Applied Optics Center (AOC) Dallas 54%, Optex Systems (OPX) Richardson, Texas 46% (quarter Q3 FY2026).

Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 39: No options

OPXS has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.

Volume runs at 11k shares a day on a market cap of $69M, with a beta of 0.47 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.

Upcoming events

The next earnings report is due on 16 Dec 2026, 61 days away - outside the window of a 30-45-day put sold today.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

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