OESX (Orion Energy Systems) Cyclically Adjusted PS Ratio: 0.74 (As of Aug. 30, 2026) — 85% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

OESX Orion Energy Systems Inc OESX
58 GF Score
Price $26.54
GF Value $8.83
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Orion Energy Systems Cyclically Adjusted PS Ratio?

Orion Energy Systems OESX 58 Cyclically Adjusted PS Ratio is 0.74 as of Aug. 30, 2026, which is 85% above its 10-year median of 0.40. 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 2,284 Industrial Products companies, Orion Energy Systems ranks better than 73.82% 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 Revenue per Share for the quarter that ended in Jun. 2026 was $35.78. Orion Energy Systems's Cyclically Adjusted PS Ratio for today is 0.74.

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

OESX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.4   Max: 3.02
Current: 0.74

During the past years, Orion Energy Systems's highest Cyclically Adjusted PS Ratio was 3.02. The lowest was 0.16. And the median was 0.40.

OESX's Cyclically Adjusted PS Ratio is ranked better than
73.82% of 2284 companies
in the Industrial Products industry
Industry Median: 1.82 vs OESX: 0.74

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Orion Energy Systems's adjusted revenue per share data for the three months ended in Jun. 2026 was $6.184. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $35.78 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 PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Orion Energy Systems Cyclically Adjusted PS Ratio Related Terms


Orion Energy Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Orion Energy Systems's Cyclically Adjusted PS 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 PS Ratio Chart

Orion Energy Systems Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.54 0.24 0.20 0.25

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 PS 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 0.17 0.25 0.44 0.25 0.33

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

For the Electrical Equipment & Parts subindustry, Orion Energy Systems's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Industrial Products Industry

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

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


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

Orion Energy Systems Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.54/35.78
=0.74

* 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.184/333.9520*333.9520
=6.184

Current CPI (Jun. 2026) = 333.9520.

Orion Energy Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.628 241.428 9.168
201612 7.295 241.432 10.091
201703 5.401 243.801 7.398
201706 4.413 244.955 6.016
201709 5.349 246.819 7.237
201712 5.971 246.524 8.089
201803 5.205 249.554 6.965
201806 4.755 251.989 6.302
201809 4.475 252.439 5.920
201812 5.509 251.233 7.323
201903 7.585 254.202 9.965
201906 13.872 256.143 18.086
201909 15.674 256.759 20.386
201912 11.113 256.974 14.442
202003 8.280 258.115 10.713
202006 3.562 257.797 4.614
202009 8.432 260.280 10.819
202012 14.129 260.474 18.115
202103 11.323 264.877 14.276
202106 11.218 271.696 13.788
202109 11.668 274.310 14.205
202112 9.835 278.802 11.780
202203 7.034 287.504 8.170
202206 5.750 296.311 6.480
202209 5.605 296.808 6.306
202212 6.330 296.797 7.122
202303 6.700 301.836 7.413
202306 5.445 305.109 5.960
202309 6.334 307.789 6.872
202312 7.984 306.746 8.692
202403 8.111 312.332 8.672
202406 6.104 314.175 6.488
202409 5.897 315.301 6.246
202412 5.949 315.605 6.295
202503 6.332 319.799 6.612
202506 5.875 322.561 6.082
202509 5.693 324.800 5.853
202512 5.798 324.054 5.975
202603 6.647 330.213 6.722
202606 6.184 333.952 6.184

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.74 mean?
Orion Energy Systems (OESX) has a Cyclically Adjusted PS Ratio of 0.74 as of Aug. 30, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Orion Energy Systems and its competitors. This is 85% above median its historical median of 0.40. Over the past decade, Orion Energy Systems' Cyclically Adjusted PS Ratio has ranged from 0.16 to 3.02. According to the industry distribution chart, Orion Energy Systems ranks #598 out of 2284 companies in the Industrial Products industry, placing it in the top 26.2%.
Is Orion Energy Systems' Cyclically Adjusted PS Ratio too high?
Orion Energy Systems' current Cyclically Adjusted PS Ratio of 0.74 is 85% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 3.02. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.82. Orion Energy Systems' value of 0.74 is 59.3% below this industry median. Based on the distribution chart, Orion Energy Systems ranks #598 out of 2284 companies in the Industrial Products industry, which is above 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 PS Ratio compare to CBAT and PPSI?
According to the Industrial Products industry distribution chart, Orion Energy Systems ranks #598 out of 2284 companies for Cyclically Adjusted PS Ratio. This puts Orion Energy Systems in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.82. Orion Energy Systems' value of 0.74 is 59.3% below this benchmark. Historically, Orion Energy Systems' own Cyclically Adjusted PS Ratio has ranged from 0.16 to 3.02 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.82, Orion Energy Systems has consistently been below 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 PS Ratio for an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.82, based on 2,284 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS 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 PS Ratio of 0.74 is 59.3% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue 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 PS Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orion Energy Systems's current Cyclically Adjusted PS Ratio is 0.74, which is 85% above median its own 10-year median of 0.40. 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 PS Ratio is 0.74, which is 85% above median its 10-year median of 0.40 and 59.3% below the Industrial Products industry median of 1.82. 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Orion Energy Systems (OESX), the current Cyclically Adjusted PS Ratio is 0.74 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 PS Ratio: 0.74 (85% above median its 10-year median of 0.40)
  • GF Value™: $8.83 vs. price of $26.54 (200.6% above fair value)
  • GF Score™: 58/100 with 6 warning signs
  • Industry Position: 59.3% below the Industrial Products median (#598 of 2284)

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

$26.54
Price
$8.83
GF Value