It is a combination of 3 different stats. They are OBP/SLG/OPS, which mean
On Base Percentage (OBP)
Slugging Percentage (SLG)
OBP Plus SLG (OPS)
Here is the formula for each one.
On Base Percentage (OBP) is used to determine how often a batter reaches base safely divided by his number of plate appearances.
[Hits (H) + Walks (BB) + Hit By Pitch (HBP)] / [At Bats (AB) + Walks (BB) + Hit By Pitch (HBP) + Sacrifice Flies (SF)]
Slugging Percentage (SLG) is used to determine how much power a batter has
Total Bases (TB) / At Bats (AB)
On Base Percentage Plus Slugging Percentage (OPS) is exactly that:
OBP + SLG
This statistic is used to determine how well-rounded a batter is.
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