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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#1000
Positioning
Market Dominance
Manufacturing
Electrical Equipment
$31M
Michael H. Jenkins
Orion Energy Systems, Inc. researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems. The company operates in three segments: Orion Engineered Systems, Orion Distribution Services, and Orion U.S. Markets. It offers interior light emitting diode (LED) high bay fixtures; smart building control systems, which provide lighting control options and data intelligence capabilities.
Headcount
310
HQ Base
MANITOWOC, Wisconsin
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = OESX ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$OESX ORION ENERGY SYSTEMS, INC. | 57 | 60 | 61 | 80 | 227.0x | 38.1x | -26.8% | -6.6% | 30.3% | -2.7% | -4.1% | 8.9% | 0.0% | 83.0x | $31M | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
ORION ENERGY SYSTEMS, INC. (OESX) receives a "Hold" rating with a composite score of 57.2/100. It ranks #1000 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Outperforming peers — winners tend to keep winning over 3-12 months
Trading at a discount to fundamentals — favorable entry valuation
Average quality profile
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for OESX.
View All RatingsROE proxy -26.8% (sector -1.9%)
GM 30% vs sector 44%, OM -3% vs sector 3%
Capital turnover N/A, R&D intensity 1.1%
Rev growth 9%, 11yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate ORION ENERGY SYSTEMS, INC. (OESX) as a Hold with a composite score of 57.2/100 at a current price of $11.86. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
ORION ENERGY SYSTEMS, INC. holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 57.2/100 places it at rank #1000 in our full universe.
The near-term outlook is constructive, with revenue growing at 9% and momentum in the 80th percentile confirming positive market sentiment. The combination of strong top-line growth and favorable price dynamics suggests the company is executing well on its growth strategy.
No Moat
Very High
Poor
Undervalued
Positive momentum indicates institutional accumulation.
Stable competitive position in a defensive sector.
Elevated P/E ratio of 227.0x leaves little room for execution misses.
Vulnerability to macroeconomic shocks and interest rate volatility.
ORION ENERGY SYSTEMS, INC. represents a hold based on multi-factor quantitative performance.
Our model assigns ORION ENERGY SYSTEMS, INC. a Hold rating, with a composite score of 57.2/100 and 3 out of 5 stars. Ranked #1000 of 7,333 stocks, OESX presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
With a quality score of 60/100, OESX shows adequate but unremarkable business quality. The company reports a return on equity of -26.8% (sector avg: -1.9%), gross margins of 30.3% (sector avg: 44.1%), net margins of -4.1% (sector avg: 1.0%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
OESX's value score of 61/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include a P/E ratio of 227.00x, an EV/EBITDA of 38.14x, a P/B ratio of 4.14x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
ORION ENERGY SYSTEMS, INC.'s investment score of 30/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 8.9% vs. a sector average of 6.7% and a return on assets of -6.6% (sector: 0.9%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
OESX shows strong momentum characteristics with a score of 80/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth stands at 8.9% year-over-year, while a beta of 4.05 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
ORION ENERGY SYSTEMS, INC. registers a low stability score of 16/100, indicating high volatility and potentially stressed financial conditions. Key stability metrics include a beta of 4.05 and a debt-to-equity ratio of 83.00x (sector avg: 0.2x). Stocks at this level carry elevated capital loss risk and may be unsuitable for conservative portfolios without careful risk management.
OESX's short interest factor score of 84/100 indicates very low short selling activity relative to peers — a positive signal suggesting institutional investors see limited near-term downside. Specific risk factors include high market sensitivity (beta: 4.05), elevated leverage (D/E: 83.00x), micro-cap liquidity risk. As a micro-cap company with a market capitalization of $31M, ORION ENERGY SYSTEMS, INC. benefits from the generally lower volatility and deeper liquidity associated with its size class.
ORION ENERGY SYSTEMS, INC. is a micro-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #1000 of 7,333 overall (86th percentile). Key comparisons include ROE of -26.8% trailing the -1.9% sector median and operating margins of -2.7% below the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While OESX currently exhibits a HOLD profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
Key factor gap
Short Int. (84) vs Stability (16) — closing this gap could shift the rating.
EV/EBITDA 233% ABOVE SECTOR MEDIAN
ROE 1311% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 31% BELOW SECTOR MEDIAN
The four-mile trek will begin at about 9 a.m. ET on Wednesday (Feb. 25), if all goes to plan.
MANITOWOC, Wisc., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced that it will present at the February 25 - 26 Emerging Growth Conference. Orion Chief Executive Officer Sally Washlow and Chief Financial Officer Per Brodin will present virtually for 30 minutes on February 26, 2026, beginning at 12:35 p.m. ET. This li
MANITOWOC, Wis., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced an Electrical Contracting and Infrastructure engagement representing revenue of $3.1 million at a large enterprise customer. Orion’s engagement for this longtime customer is a follow-on scope of work in addition to an $11 million initiative announced l

Orion's (OESX) fourth-quarter fiscal 2024 results reflect robust contributions from its reportable segments on the back of increased project activity, accompanied by favorable pricing actions.

Orion's (OESX) fiscal fourth-quarter 2024 results are likely to reflect increased contract activities from large customers along with maintenance contract demand. Yet, high costs are likely to mar the bottom line.
Above 50MA
37.18%
Net New Highs
+51081