M3 Mining (ASX:M3M) Beta: 2.0054 (As of Jun. 25, 2026)


What is M3 Mining Beta?

M3 Mining ASX:M3M Beta is 2.0054 as of Jun. 25, 2026. 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 (2026-06-25), M3 Mining's Beta is 2.0054.

M3 Mining  (ASX:M3M) 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)

M3 Mining Beta Related Terms

M3 Mining Beta Historical Data

* Premium members only.

The historical data trend for M3 Mining'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.

M3 Mining Beta Chart

M3 Mining Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Beta
0.00 0.00 -0.26 0.53

M3 Mining Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Jun25 Dec25
Beta Get a 7-Day Free Trial 0.00 0.00 -0.26 0.53 1.49

ASX:M3M vs HL: Beta Comparison

For the Other Precious Metals & Mining subindustry, M3 Mining'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.

M3 Mining Beta vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, M3 Mining's Beta distribution charts can be found below:

* The bar in red indicates where M3 Mining's Beta falls into.


M3 Mining 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 2.0054 mean?
M3 Mining (ASX:M3M) has a Beta of 2.0054 as of Jun. 25, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for M3 Mining and its competitors.
Is M3 Mining's Beta too high?
M3 Mining's current Beta is 2.0054.
How does M3 Mining's Beta compare to HL?
M3 Mining's Beta of 2.0054 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 M3 Mining and its competitors. M3 Mining's current Beta is 2.0054. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M3 Mining stock overvalued right now?
M3 Mining (ASX:M3M) has a current Beta of 2.0054. The current Beta is 2.0054. 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 M3 Mining (ASX:M3M), the current Beta is 2.0054 as of Jun. 25, 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.

M3 Mining Business Description

Address 216 Street Georges Terrace, Level 8 London House, West Perth, Perth, WA, AUS, 6000
M3 Mining Ltd is a mining exploration company. It focuses on unlocking copper and gold deposit in West Australian mining jurisdiction. The company's project includes Victoria Bore Copper and Edjudina Gold. The Company has one reportable segment, being mineral exploration in Australia.