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President Automobile Industries PCL (BKK:PACO) Beta : 1.24 (As of May. 20, 2024)


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What is President Automobile Industries PCL Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-20), President Automobile Industries PCL's Beta is 1.24.


President Automobile Industries PCL Beta Historical Data

The historical data trend for President Automobile Industries PCL's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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President Automobile Industries PCL Beta Chart

President Automobile Industries PCL Annual Data
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President Automobile Industries PCL Quarterly Data
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Competitive Comparison of President Automobile Industries PCL's Beta

For the Auto Parts subindustry, President Automobile Industries PCL's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


President Automobile Industries PCL's Beta Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, President Automobile Industries PCL's Beta distribution charts can be found below:

* The bar in red indicates where President Automobile Industries PCL's Beta falls into.



President Automobile Industries PCL Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.


President Automobile Industries PCL  (BKK:PACO) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)


President Automobile Industries PCL Beta Related Terms

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President Automobile Industries PCL (BKK:PACO) Business Description

Traded in Other Exchanges
N/A
Address
Satethakit 1 Road, 88/8, Moo 9, Soi Wor-Por-Or 11 (Piset), Suanluang, Kratumban, Samutsakorn, THA, 74110
President Automobile Industries PCL is engaged in two reportable segments the manufacture and distribution of automotive air conditioning components and the trading segment. The products offered by the company are condensers, evaporators, compressors, oil coolers, Air conditioning electrical parts, refrigerants, intercoolers and other accessories. The company has a business presence in Thailand, the Middle East, South East Asia, South Asia, North America, South America, Europe, East Asia and other regions.

President Automobile Industries PCL (BKK:PACO) Headlines

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