E79 Gold Mines (ASX:E79) Beta: -3.2324 (As of Jun. 26, 2026)


What is E79 Gold Mines Beta?

E79 Gold Mines ASX:E79 Beta is -3.2324 as of Jun. 26, 2026. The stock has 1 warning sign investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), E79 Gold Mines's Beta is -3.2324.

E79 Gold Mines  (ASX:E79) 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)

E79 Gold Mines Beta Related Terms

E79 Gold Mines Beta Historical Data

* Premium members only.

The historical data trend for E79 Gold Mines'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.

E79 Gold Mines Beta Chart

E79 Gold Mines Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Beta
0.00 0.00 0.00 -1.90

E79 Gold Mines Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.87 -1.90 -4.41

ASX:E79 vs NEM, AU: Beta Comparison

For the Gold subindustry, E79 Gold Mines'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.

E79 Gold Mines Beta vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, E79 Gold Mines's Beta distribution charts can be found below:

* The bar in red indicates where E79 Gold Mines's Beta falls into.


E79 Gold Mines 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.

Frequently Asked Questions Learn more about Beta →
What does a Beta of -3.2324 mean?
E79 Gold Mines (ASX:E79) has a Beta of -3.2324 as of Jun. 26, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for E79 Gold Mines and its competitors.
Is E79 Gold Mines' Beta too high?
E79 Gold Mines' current Beta is -3.2324.
How does E79 Gold Mines' Beta compare to NEM and AU?
E79 Gold Mines' Beta of -3.2324 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Metals & Mining company?
A good Beta depends on the Metals & Mining industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for E79 Gold Mines and its competitors. E79 Gold Mines's current Beta is -3.2324. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is E79 Gold Mines stock overvalued right now?
E79 Gold Mines (ASX:E79) has a current Beta of -3.2324. The current Beta is -3.2324. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For E79 Gold Mines (ASX:E79), the current Beta is -3.2324 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

E79 Gold Mines Business Description

Address 168 Stirling Highway, First Floor, Nedlands, WA, AUS, 6009
E79 Gold Mines Ltd is an Australian gold and copper mineral exploration company. Its projects are Laverton South, Jungar Flats, and Mountain Home. The company generates revenue from Interest and Other income.