Norwest Minerals (ASX:NWM) Beta: 1.4208 (As of Jun. 27, 2026)


What is Norwest Minerals Beta?

Norwest Minerals ASX:NWM +12.50% Beta is 1.4208 as of Jun. 27, 2026. The stock has 4 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-27), Norwest Minerals's Beta is 1.4208.

Norwest Minerals  (ASX:NWM) 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)

Norwest Minerals Beta Related Terms

Norwest Minerals Beta Historical Data

* Premium members only.

The historical data trend for Norwest Minerals'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.

Norwest Minerals Beta Chart

Norwest Minerals Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beta
Get a 7-Day Free Trial 0.00 -0.04 2.68 2.78 2.99

Norwest Minerals Semi-Annual Data
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 3.26 2.78 3.06 2.99 1.92

ASX:NWM vs NEM, AU: Beta Comparison

For the Gold subindustry, Norwest Minerals'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.

Norwest Minerals Beta vs Metals & Mining Industry

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

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


Norwest Minerals 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 1.4208 mean?
Norwest Minerals (ASX:NWM) has a Beta of 1.4208 as of Jun. 27, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Norwest Minerals and its competitors.
Is Norwest Minerals' Beta too high?
Norwest Minerals' current Beta is 1.4208.
How does Norwest Minerals' Beta compare to NEM and AU?
Norwest Minerals' Beta of 1.4208 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 Norwest Minerals and its competitors. Norwest Minerals's current Beta is 1.4208. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwest Minerals stock overvalued right now?
Norwest Minerals (ASX:NWM) has a current Beta of 1.4208. The current Beta is 1.4208. 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 Norwest Minerals (ASX:NWM), the current Beta is 1.4208 as of Jun. 27, 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.

Norwest Minerals Business Description

Other Exchanges NRWMF:USA
Address 7 Ventnor Avenue, Suite 1A, First Floor, West Perth, Perth, WA, AUS, 6005
Norwest Minerals Ltd is a Western Australian explorer focused on rare earth elements, copper, gold, and base metals. Its key projects include the Bulgera Gold Project with gold resources, the Marymia East project targeting gold and base metals, and the Arunta West Project, where recent drilling revealed silver, base metals, and titanium mineralisation. The company also owns the Bali Copper and Marriott Nickel projects, advancing exploration and seeking development partners.