What is Optex Systems Holdings Earnings Yield (Joel Greenblatt) %?
Optex Systems Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was $45.13 Mil.
Optex Systems Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $3.62 Mil. Optex Systems Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.03%.
The historical rank and industry rank for Optex Systems Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OPXS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3908 Med: 9.29 Max: 2799.75
Current: 6.65
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Optex Systems Holdings was 2799.75%. The lowest was -3908.00%. And the median was 9.29%.
OPXS's Earnings Yield (Joel Greenblatt) % is ranked better than 84.35% of 313
companies
in the Aerospace & Defense industry
Industry Median: 2.49
vs OPXS: 6.65
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Optex Systems Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 11.08%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Optex Systems Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Optex Systems Holdings's Earnings Yield (Joel Greenblatt) % 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.
* Premium members only.
Optex Systems Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Optex Systems Holdings's Earnings Yield (Joel Greenblatt) %
For the Aerospace & Defense subindustry, Optex Systems Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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's Earnings Yield (Joel Greenblatt) % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Optex Systems Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Optex Systems Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Optex Systems Holdings Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Optex Systems Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
Optex Systems Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.62 Mil.
Optex Systems Holdings (NAS:OPXS) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Optex Systems Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Optex Systems Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Optex Systems Holdings (Optex Systems Holdings) Business Description
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, and light armored and security vehicles, and have been selected for installation on the Stryker family of vehicles. The company's operating segment includes Optex Richardson and Applied Optics Center Dallas. It generates maximum revenue from the Applied Optics Center Dallas segment. Some of its products include M17 Day/Thermal Periscope; DDAN / M36 Sights; Laser Protected Periscopes; Muzzle Reference Sensor and others.
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