NVX vs OESX

NOVONIX Limited - American Depo vs Orion Energy Systems, Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — OESX scores higher on quality with 6.1/10 vs NVX's 1.7/10. NVX trades at $0.69 while OESX trades at $9.48. Both analyzed daily using SEC EDGAR data across 13 institutional models.

NVX

Electrical Equipment & Parts
NOVONIX Limited - American Depo
Quality
1.7
out of 10
Value Trap
Price
$0.69
Last close
Models
8/13
Active
VS

OESX

Electrical Equipment & Parts
Orion Energy Systems, Inc.
Quality
6.1
out of 10
Value Trap
24
SAFE
Price
$9.48
Last close
Models
12/13
Active
NVX
PWERM sees +286.9% upside
Quality 1.7/10 — below average
OESX
2 models active
Limited to 2/13 visible models

NVX vs OESX — Fair Value Comparison

NVX
$0$1$2$3 Price$0.69 Bayesian …$0.18 (-74.0%) PWERM$2.69 (+286.9%)
OESX
$0$4$7$11 Price$9.48 Bayesian …$0.82 (-91.7%) Earnings …$0.61 (-93.5%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType NVX Fair ValueNVX Upside OESX Fair ValueOESX Upside
Bayesian DCF Intrinsic $0.18 -74.0% $0.82 -91.7%
Earnings Power Value Intrinsic $0.61 -93.5%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $2.69 +286.9% $15.21 +60.4%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

NVX vs OESX — Which Stock Is More Undervalued in 2026?

OESX scores higher with a 6.1/10 quality rating vs NVX's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do NVX and OESX Valuations Compare?

At $0.69, NVX trades +74.0% above its Bayesian DCF fair value of $0.18, while OESX at $9.48 trades +91.7% above its estimate of $0.82. OESX shows a wider gap between price and intrinsic value.

Quality of Company: NVX vs OESX

NVX earns a Quality of Company score of 1.7/10 compared to OESX's 6.1/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: NVX vs OESX

Review the value trap analysis for both NVX and OESX to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Electrical Equipment & Parts

Both NVX and OESX operate in Electrical Equipment & Parts, which has 46 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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