OESX (Orion Energy Systems) Cyclically Adjusted PB Ratio: 2.16 (As of Aug. 30, 2026) — 204% Above Median

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OESX Orion Energy Systems Inc OESX
58 GF Score
Price $26.54
GF Value $8.83
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Orion Energy Systems Cyclically Adjusted PB Ratio?

Orion Energy Systems OESX 58 Cyclically Adjusted PB Ratio is 2.16 as of Aug. 30, 2026, which is 204% above its 10-year median of 0.71. GuruFocus rates OESX with a GF Score™ of 58/100 and a GF Value™ of $8.83 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,104 Industrial Products companies, Orion Energy Systems ranks worse than 50.1% on this metric.

As of today (2026-08-30), Orion Energy Systems's current share price is $26.54. Orion Energy Systems's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $12.31. Orion Energy Systems's Cyclically Adjusted PB Ratio for today is 2.16.

The historical rank and industry rank for Orion Energy Systems's Cyclically Adjusted PB Ratio or its related term are showing as below:

OESX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.71   Max: 4.5
Current: 2.16

During the past years, Orion Energy Systems's highest Cyclically Adjusted PB Ratio was 4.50. The lowest was 0.17. And the median was 0.71.

OESX's Cyclically Adjusted PB Ratio is ranked worse than
50.1% of 2104 companies
in the Industrial Products industry
Industry Median: 2.15 vs OESX: 2.16

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Orion Energy Systems's adjusted book value per share data for the three months ended in Jun. 2026 was $4.604. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $12.31 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orion Energy Systems  (NAS:OESX) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Orion Energy Systems Cyclically Adjusted PB Ratio Related Terms


Orion Energy Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orion Energy Systems's Cyclically Adjusted PB Ratio 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.

Orion Energy Systems Cyclically Adjusted PB Ratio Chart

Orion Energy Systems Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.21 0.97 0.50 0.50 0.69

Orion Energy Systems Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 0.65 1.20 0.69 0.95

OESX vs CBAT, PPSI, STI: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Orion Energy Systems's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


Orion Energy Systems Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Orion Energy Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Orion Energy Systems's Cyclically Adjusted PB Ratio falls into.


OESX
58GF Score
Orion Energy Systems Inc OESX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orion Energy Systems Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Orion Energy Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.54/12.31
=2.16

* 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.

Orion Energy Systems's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Orion Energy Systems's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.604/333.9520*333.9520
=4.604

Current CPI (Jun. 2026) = 333.9520.

Orion Energy Systems Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.269 241.428 21.121
201612 14.973 241.432 20.711
201703 12.518 243.801 17.147
201706 10.170 244.955 13.865
201709 8.940 246.819 12.096
201712 8.520 246.524 11.542
201803 8.091 249.554 10.827
201806 7.265 251.989 9.628
201809 6.476 252.439 8.567
201812 6.312 251.233 8.390
201903 6.071 254.202 7.976
201906 7.325 256.143 9.550
201909 9.571 256.759 12.448
201912 10.387 256.974 13.498
202003 10.253 258.115 13.265
202006 9.487 257.797 12.290
202009 10.173 260.280 13.052
202012 11.634 260.474 14.916
202103 18.849 264.877 23.764
202106 19.627 271.696 24.124
202109 20.841 274.310 25.372
202112 21.240 278.802 25.441
202203 20.932 287.504 24.314
202206 20.023 296.311 22.567
202209 19.444 296.808 21.877
202212 11.816 296.797 13.295
202303 10.294 301.836 11.389
202306 8.246 305.109 9.026
202309 6.966 307.789 7.558
202312 6.347 306.746 6.910
202403 6.921 312.332 7.400
202406 5.827 314.175 6.194
202409 4.802 315.301 5.086
202412 4.394 315.605 4.649
202503 3.603 319.799 3.762
202506 3.221 322.561 3.335
202509 3.223 324.800 3.314
202512 3.333 324.054 3.435
202603 4.099 330.213 4.145
202606 4.604 333.952 4.604

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 2.16 mean?
Orion Energy Systems (OESX) has a Cyclically Adjusted PB Ratio of 2.16 as of Aug. 30, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Orion Energy Systems and its competitors. This is 204% above median its historical median of 0.71. Over the past decade, Orion Energy Systems' Cyclically Adjusted PB Ratio has ranged from 0.17 to 4.50. According to the industry distribution chart, Orion Energy Systems ranks #1054 out of 2104 companies in the Industrial Products industry, placing it in the top 50.1%.
Is Orion Energy Systems' Cyclically Adjusted PB Ratio too high?
Orion Energy Systems' current Cyclically Adjusted PB Ratio of 2.16 is 204% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 4.50. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.15. Orion Energy Systems' value of 2.16 is 0.5% above this industry median. Based on the distribution chart, Orion Energy Systems ranks #1054 out of 2104 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Orion Energy Systems has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orion Energy Systems' Cyclically Adjusted PB Ratio compare to CBAT and PPSI?
According to the Industrial Products industry distribution chart, Orion Energy Systems ranks #1054 out of 2104 companies for Cyclically Adjusted PB Ratio. This places Orion Energy Systems in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.15. Orion Energy Systems' value of 2.16 is 0.5% above this benchmark. Historically, Orion Energy Systems' own Cyclically Adjusted PB Ratio has ranged from 0.17 to 4.50 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 2.15, Orion Energy Systems 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 Cyclically Adjusted PB Ratio for an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.15, based on 2,104 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Orion Energy Systems's current Cyclically Adjusted PB Ratio of 2.16 is 0.5% 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 Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Orion Energy Systems and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orion Energy Systems's current Cyclically Adjusted PB Ratio is 2.16, which is 204% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orion Energy Systems stock overvalued right now?
Based on GuruFocus' analysis, Orion Energy Systems (OESX) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.83, compared to a current price of $26.54 — trading 200.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.16, which is 204% above median its 10-year median of 0.71 and 0.5% above the Industrial Products industry median of 2.15. Orion Energy Systems' overall GF Score™ is 58/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Orion Energy Systems (OESX), the current Cyclically Adjusted PB Ratio is 2.16 as of Aug. 30, 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 Orion Energy Systems (OESX) Overvalued in 2026?

Based on GuruFocus' analysis, Orion Energy Systems stock appears to be overvalued. The current stock price of $26.54 is trading 200.6% above its estimated GF Value™ of $8.83. GuruFocus considers Orion Energy Systems to be Significantly Overvalued.

Key valuation signals for OESX:

  • Cyclically Adjusted PB Ratio: 2.16 (204% above median its 10-year median of 0.71)
  • GF Value™: $8.83 vs. price of $26.54 (200.6% above fair value)
  • GF Score™: 58/100 with 6 warning signs
  • Industry Position: 0.5% above the Industrial Products median (#1054 of 2104)

No single metric tells the full story. See the OESX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Orion Energy Systems Business Description

Other Exchanges 5A40:Germany
Address 2210 Woodland Drive, Manitowoc, WI, USA, 54220
Orion Energy Systems Inc provide light emitting diode (LED) lighting systems, wireless Internet of Things (IoT) enabled control solutions, commercial and industrial electric vehicle charging infrastructure solutions and lighting and electrical maintenance services. It help its customers achieve their sustainability, energy savings and carbon footprint reduction goals through technology and exceptional service. It sell its products and services into many vertical markets within the broader commercial and industrial market segment. Primary verticals include box retail, manufacturing, warehousing/logistics, federal and municipal government, healthcare and schools. It has three segments Lighting, Maintenance, and EV segment. It generates majority of revenue from Lighting segment.
58GF Score

Get the complete analysis for OESX

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.54
Price
$8.83
GF Value