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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Orion Energy Systems's Sloan Ratio for the quarter that ended in Jun. 2026 was -1.33%.
As of Jun. 2026, Orion Energy Systems has a Sloan Ratio of -1.33%, indicating the company is in the safe zone and there is no funny business with accruals.
Orion Energy Systems (NAS:OESX) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Orion Energy Systems has a Sloan Ratio of -1.33%, indicating the company is in the safe zone and there is no funny business with accruals.
Orion Energy Systems Sloan Ratio % Related Terms
Orion Energy Systems Sloan Ratio % Historical Data
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The historical data trend for Orion Energy Systems's Sloan 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.
For the Electrical Equipment & Parts subindustry, Orion Energy Systems's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Orion Energy Systems's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Orion Energy Systems's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Orion Energy Systems's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Orion Energy Systems's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -0.581 (Sep. 2025 ) + 0.16 (Dec. 2025 ) + -1.498 (Mar. 2026 ) + 1.959 (Jun. 2026 ) = $0.04 Mil.
Orion Energy Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 1.819 (Sep. 2025 ) + -0.897 (Dec. 2025 ) + -1.486 (Mar. 2026 ) + 1.352 (Jun. 2026 ) = $0.79 Mil.
Orion Energy Systems's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.257 (Sep. 2025 ) + 0.251 (Dec. 2025 ) + -0.025 (Mar. 2026 ) + -0.006 (Jun. 2026 ) = $-0.04 Mil.
* 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 (OESX) has a Sloan Ratio % of -1.33% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Orion Energy Systems and its competitors.
Is Orion Energy Systems' Sloan Ratio % too high?
Orion Energy Systems' current Sloan Ratio % is -1.33%. 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' Sloan Ratio % compare to CBAT and PPSI?
Orion Energy Systems' Sloan Ratio % of -1.33% can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Orion Energy Systems and its competitors. Orion Energy Systems's current Sloan Ratio % is -1.33%. 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 Sloan Ratio % is -1.33%. 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 Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Orion Energy Systems (OESX), the current Sloan Ratio % is -1.33% as of Jun. 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:
Sloan Ratio %: -1.33%
GF Value™: $8.83 vs. price of $26.54 (200.6% above fair value)
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 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
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