Oceana Metals (ASX:OCN) Beta: 2.8024 (As of Jun. 24, 2026)


ASX:OCN Oceana Metals Ltd ASX:OCN
33 GF Score
Price A$0.52
! 1 Warning Sign
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What is Oceana Metals Beta?

Oceana Metals ASX:OCN +2.97% 33 Beta is 2.8024 as of Jun. 24, 2026. GuruFocus rates ASX:OCN with a GF Score™ of 33/100. 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 (2026-06-24), Oceana Metals's Beta is 2.8024.

Oceana Metals  (ASX:OCN) 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)

Oceana Metals Beta Related Terms

Oceana Metals Beta Historical Data

* Premium members only.

The historical data trend for Oceana Metals'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.

Oceana Metals Beta Chart

Oceana Metals Annual Data
Trend Dec21 Jun23 Jun24 Jun25
Beta
0.00 0.00 0.00 1.72

Oceana Metals Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beta Get a 7-Day Free Trial 0.00 0.00 0.00 1.72 2.33

Oceana Metals Beta Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Oceana Metals'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.

Oceana Metals Beta vs Metals & Mining Industry

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

* The bar in red indicates where Oceana Metals's Beta falls into.


ASX:OCN
33GF Score
Oceana Metals Ltd ASX:OCN
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Oceana Metals 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 2.8024 mean?
Oceana Metals (ASX:OCN) has a Beta of 2.8024 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 Oceana Metals and its competitors.
Is Oceana Metals' Beta too high?
Oceana Metals' current Beta is 2.8024. Overall, Oceana Metals has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Oceana Metals' Beta compare to competitors?
Oceana Metals' Beta of 2.8024 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 Oceana Metals and its competitors. Oceana Metals's current Beta is 2.8024. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceana Metals stock overvalued right now?
Oceana Metals (ASX:OCN) has a current Beta of 2.8024. The current Beta is 2.8024. Oceana Metals' overall GF Score™ is 33/100 with 1 warning sign 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 Oceana Metals (ASX:OCN), the current Beta is 2.8024 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.

Oceana Metals Business Description

Address C/- Belltree Corporate, 8 Richardson Street, Level 2, Perth, WA, AUS, 6005
Oceana Metals Ltd is a mineral exploration and development company focused on the discovery and delineation of lithium minerals. Its projects include the Solonopole Lithium Project in Brazil and the Napperby Project in Australia.
33GF 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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