Legacy Minerals Holdings (ASX:LGM) Beta: -1.6718 (As of Jul. 11, 2026)


ASX:LGM Legacy Minerals Holdings Ltd ASX:LGM
39 GF Score
Price A$0.11
! 2 Warning Signs
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What is Legacy Minerals Holdings Beta?

Legacy Minerals Holdings ASX:LGM 39 Beta is -1.6718 as of Jul. 11, 2026. GuruFocus rates ASX:LGM with a GF Score™ of 39/100. The stock has 2 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-11), Legacy Minerals Holdings's Beta is -1.6718.

Legacy Minerals Holdings  (ASX:LGM) 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)

Legacy Minerals Holdings Beta Related Terms

Legacy Minerals Holdings Beta Historical Data

* Premium members only.

The historical data trend for Legacy Minerals Holdings'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.

Legacy Minerals Holdings Beta Chart

Legacy Minerals Holdings Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Beta
0.00 0.00 0.00 -1.73

Legacy Minerals Holdings 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 -0.68 -1.73 -2.55

Legacy Minerals Holdings Beta Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Legacy Minerals Holdings'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.

Legacy Minerals Holdings Beta vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Legacy Minerals Holdings's Beta distribution charts can be found below:

* The bar in red indicates where Legacy Minerals Holdings's Beta falls into.


ASX:LGM
39GF Score
Legacy Minerals Holdings Ltd ASX:LGM
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Legacy Minerals Holdings 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 -1.6718 mean?
Legacy Minerals Holdings (ASX:LGM) has a Beta of -1.6718 as of Jul. 11, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Legacy Minerals Holdings and its competitors.
Is Legacy Minerals Holdings' Beta too high?
Legacy Minerals Holdings' current Beta is -1.6718. Overall, Legacy Minerals Holdings has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Legacy Minerals Holdings' Beta compare to competitors?
Legacy Minerals Holdings' Beta of -1.6718 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 Legacy Minerals Holdings and its competitors. Legacy Minerals Holdings's current Beta is -1.6718. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Minerals Holdings stock overvalued right now?
Legacy Minerals Holdings (ASX:LGM) has a current Beta of -1.6718. The current Beta is -1.6718. Legacy Minerals Holdings' overall GF Score™ is 39/100 with 2 warning signs to review. 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 Legacy Minerals Holdings (ASX:LGM), the current Beta is -1.6718 as of Jul. 11, 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.

Legacy Minerals Holdings Business Description

Address 401/54 Miller Street, North Sydney, NSW, AUS, 2060
Legacy Minerals Holdings Ltd is focused on gold and copper discovery. The company is engaged in the acquisition and exploration of gold and copper projects in the prospective Lachlan Fold Belt (LFB) and New England Fold Belt (NEFB) of New South Wales (NSW). Its properties include Cobar, Harden, Rockley, Bauloora, Black Range, and Fontenoy.
39GF Score

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Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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