State Gas (ASX:GAS) Beta: 0.3321 (As of Jun. 24, 2026)


What is State Gas Beta?

State Gas ASX:GAS Beta is 0.3321 as of Jun. 24, 2026. The stock has 5 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-24), State Gas's Beta is 0.3321.

State Gas  (ASX:GAS) 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)

State Gas Beta Related Terms

State Gas Beta Historical Data

* Premium members only.

The historical data trend for State Gas'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.

State Gas Beta Chart

State Gas Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beta
Get a 7-Day Free Trial 0.13 1.03 0.66 1.13 1.09

State Gas Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.12 1.13 1.28 1.09 0.78

ASX:GAS vs COP, EOG, OXY: Beta Comparison

For the Oil & Gas E&P subindustry, State Gas'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.

State Gas Beta vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, State Gas's Beta distribution charts can be found below:

* The bar in red indicates where State Gas's Beta falls into.


State Gas 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 0.3321 mean?
State Gas (ASX:GAS) has a Beta of 0.3321 as of Jun. 24, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for State Gas and its competitors.
Is State Gas' Beta too high?
State Gas' current Beta is 0.3321.
How does State Gas' Beta compare to COP and EOG?
State Gas' Beta of 0.3321 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Beta depends on the Oil & Gas 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 State Gas and its competitors. State Gas's current Beta is 0.3321. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is State Gas stock overvalued right now?
State Gas (ASX:GAS) has a current Beta of 0.3321. The current Beta is 0.3321. 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 State Gas (ASX:GAS), the current Beta is 0.3321 as of Jun. 24, 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.

State Gas Business Description

Industry EnergyOil & Gas
Address 40 Edward Street, Suite 4, Level 1, Brisbane, QLD, AUS, 4000
State Gas Ltd is a natural gas exploration and development company with operations in the southern Bowen Basin in Central Queensland. The company's existing 100% owned exploration projects, when considered in conjunction with joint venture interests over adjoining areas, means State Gas has a prospective and substantial portfolio of natural gas resources. It operates in one segment, being the exploration and development of gas fields in Australia.