diff --git a/src/backend/InvenTree/common/filters.py b/src/backend/InvenTree/common/filters.py
index 6e6a00a58b..1600255634 100644
--- a/src/backend/InvenTree/common/filters.py
+++ b/src/backend/InvenTree/common/filters.py
@@ -3,7 +3,18 @@
 import re
 
 from django.contrib.contenttypes.models import ContentType
-from django.db.models import Q
+from django.db.models import (
+    Case,
+    CharField,
+    Exists,
+    FloatField,
+    Model,
+    OuterRef,
+    Q,
+    Subquery,
+    Value,
+    When,
+)
 from django.db.models.query import QuerySet
 
 import InvenTree.conversion
@@ -207,3 +218,81 @@ def filter_parametric_data(queryset: QuerySet, parameters: dict[str, str]) -> Qu
         )
 
     return queryset
+
+
+def order_by_parameter(
+    queryset: QuerySet, model_type: Model, ordering: str | None
+) -> QuerySet:
+    """Order the provided queryset by a parameter value.
+
+    Arguments:
+        queryset: The initial queryset to order.
+        model_type: The model type of the items in the queryset.
+        ordering: The ordering string provided by the user.
+
+    Returns:
+        Ordered queryset.
+
+    Used to order returned parts based on their parameter values.
+
+    To order based on parameter value, supply an ordering string like:
+    - parameter_<x>
+    - -parameter_<x>
+
+    where:
+        - <x> is the ID of the PartParameterTemplate.
+        - A leading '-' indicates descending order.
+    """
+    import common.models
+
+    if not ordering:
+        # No ordering provided - return the original queryset
+        return queryset
+
+    result = re.match(r'^-?parameter_(\d+)$', ordering)
+
+    if not result:
+        # Ordering does not match the expected pattern - return the original queryset
+        return queryset
+
+    template_id = result.group(1)
+    ascending = not ordering.startswith('-')
+
+    template_exists_filter = common.models.Parameter.objects.filter(
+        template__id=template_id,
+        model_type=ContentType.objects.get_for_model(model_type),
+        model_id=OuterRef('id'),
+    )
+
+    queryset = queryset.annotate(parameter_exists=Exists(template_exists_filter))
+
+    # Annotate the queryset with the parameter value for the provided template
+    queryset = queryset.annotate(
+        parameter_value=Case(
+            When(
+                parameter_exists=True,
+                then=Subquery(
+                    template_exists_filter.values('data')[:1], output_field=CharField()
+                ),
+            ),
+            default=Value('', output_field=CharField()),
+        ),
+        parameter_value_numeric=Case(
+            When(
+                parameter_exists=True,
+                then=Subquery(
+                    template_exists_filter.values('data_numeric')[:1],
+                    output_field=FloatField(),
+                ),
+            ),
+            default=Value(0, output_field=FloatField()),
+        ),
+    )
+
+    prefix = '' if ascending else '-'
+
+    return queryset.order_by(
+        '-parameter_exists',
+        f'{prefix}parameter_value_numeric',
+        f'{prefix}parameter_value',
+    )
diff --git a/src/backend/InvenTree/part/api.py b/src/backend/InvenTree/part/api.py
index fbab4e3d96..555cc15db5 100644
--- a/src/backend/InvenTree/part/api.py
+++ b/src/backend/InvenTree/part/api.py
@@ -1,7 +1,5 @@
 """Provides a JSON API for the Part app."""
 
-import re
-
 from django.db.models import Count, F, Q
 from django.urls import include, path
 from django.utils.translation import gettext_lazy as _
@@ -14,7 +12,6 @@ from drf_spectacular.utils import extend_schema_field
 from rest_framework import serializers
 from rest_framework.response import Response
 
-import part.filters
 import part.tasks as part_tasks
 from data_exporter.mixins import DataExportViewMixin
 from InvenTree.api import (
@@ -1088,32 +1085,10 @@ class PartList(
             queryset, self.request.query_params
         )
 
-        # queryset = self.filter_parametric_data(queryset)
-        queryset = self.order_by_parameter(queryset)
-
-        return queryset
-
-    def order_by_parameter(self, queryset):
-        """Perform queryset ordering based on parameter value.
-
-        - Used if the 'ordering' query param points to a parameter
-        - e.g. '&ordering=param_<id>' where <id> specifies the PartParameterTemplate
-        - Only parts which have a matching parameter are returned
-        - Queryset is ordered based on parameter value
-        """
-        # Extract "ordering" parameter from query args
-        ordering = self.request.query_params.get('ordering', None)
-
-        if ordering:
-            # Ordering value must match required regex pattern
-            result = re.match(r'^\-?parameter_(\d+)$', ordering)
-
-            if result:
-                template_id = result.group(1)
-                ascending = not ordering.startswith('-')
-                queryset = part.filters.order_by_parameter(
-                    queryset, template_id, ascending
-                )
+        # Apply ordering based on query parameter
+        queryset = common.filters.order_by_parameter(
+            queryset, Part, self.request.query_params.get('ordering', None)
+        )
 
         return queryset