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ORION ENERGY SYSTEMS, INC. OESX

Nasdaq · stock · Electric Lighting & Wiring Equipment · website · IPO 2007-12-19

ORION ENERGY SYSTEMS, INC. statistics & valuation

Market cap$45.9M
P / S0.5×
P / B2.8×
Net margin-3.7%
Return on equity-19.0%
FCF margin-1.3%
Net debt$2.7M
Net debt / EBITDA19.1×
Enterprise value USD$48.6M
Earnings yield EBIT/EV-3.4%
Return on capital-6.6%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-17.50% -21.80% -10.10% 8.30% 22.40% 4.90% -44.40% -12.90% -14.80% -3.70% 2017201820192020202120222023202420252026
Gross margin (%)
24.70% 24.30% 22.10% 24.60% 25.80% 27.30% 22.60% 23.10% 25.40% 32.60% 2017201820192020202120222023202420252026
Operating margin (%)
-17.80% -21.50% -9.40% 8.70% 5.90% 6.70% -20.70% -11.90% -13.30% -1.90% 2017201820192020202120222023202420252026
Return on equity (%)
-34.70% -56.00% -37.10% 40.20% 45.00% 9.40% -103.30% -51.80% -99.30% -19.00% 2017201820192020202120222023202420252026
Shares outstanding
28.2M 28.8M 29.6M 31.0M 31.3M 31.3M 32.3M 32.6M 3.3M 4.1M 2017201820192020202120222023202420252026
Net debt ($)
-$10.3M -$5.3M $650000 -$18.7M -$19.3M -$14.4M -$6.0M $4.8M $4.4M $2.7M 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
-19.80% -29.00% -11.90% 17.20% 28.20% 7.00% -48.00% -18.50% -22.50% -6.10% 2017201820192020202120222023202420252026
Free cash flow margin (%)
-3.70% -8.20% -8.30% 12.90% 0.70% -0.50% -3.70% -12.10% 0.60% -1.30% 2017201820192020202120222023202420252026
Debt / equity (×)
0.20× 0.17× 0.52× 0.33× 0.00× 0.00× 0.30× 0.44× 0.87× 0.36× 2017201820192020202120222023202420252026
EPS ($)
-$0.44 -$0.46 -$0.23 $0.40 $0.83 $0.19 -$1.08 -$3.59 -$3.59 -$0.89 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ORION ENERGY SYSTEMS, INC. trades at about 108.4× earnings — below its 10-year norm (10-year range 72.5×–1050×, median 141.6×).

72.5× 1050×

Shaded band = 10-year range (72.5×–1050×); dot = today's 108.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin32.6%25.4%23.1%22.6%27.3%25.8%24.6%22.1%24.3%24.7%
Operating margin-1.9%-13.3%-11.9%-20.7%6.7%5.9%8.7%-9.4%-21.5%-17.8%
Net margin-3.7%-14.8%-12.9%-44.4%4.9%22.4%8.3%-10.1%-21.8%-17.5%
FCF margin-1.3%0.6%-12.1%-3.7%-0.5%0.7%12.9%-8.3%-8.2%-3.7%
Return on assets-6.1%-22.5%-18.5%-48.0%7.0%28.2%17.2%-11.9%-29.0%-19.8%
Return on equity-19.0%-99.3%-51.8%-103.3%9.4%45.0%40.2%-37.1%-56.0%-34.7%
Debt / equity0.36×0.87×0.44×0.30×0.00×0.00×0.33×0.52×0.17×0.20×
Current ratio1.411.321.602.062.791.862.021.511.792.39

Computed from company filings · US · as of 2026-03-31. Facts plus Stocktoria's own computed scores — not investment advice.