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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-20), Weihai Tiangang Instrument Co's Beta is 1.2127.
Weihai Tiangang Instrument Co (BJSE:920651) 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)
Weihai Tiangang Instrument Co Beta Related Terms
Weihai Tiangang Instrument Co Beta Historical Data
* 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.
For the Scientific & Technical Instruments subindustry, Weihai Tiangang Instrument Co'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.
Weihai Tiangang Instrument Co Beta vs Hardware Industry
For the Hardware industry and Technology sector, Weihai Tiangang Instrument Co's Beta distribution charts can be found below:
* The bar in red indicates where Weihai Tiangang Instrument Co's Beta falls into.
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.
Weihai Tiangang Instrument Co (BJSE:920651) has a Beta of 1.2127 as of Aug. 20, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Weihai Tiangang Instrument Co and its competitors.
Is Weihai Tiangang Instrument Co's Beta too high?
Weihai Tiangang Instrument Co's current Beta is 1.2127. Overall, Weihai Tiangang Instrument Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Weihai Tiangang Instrument Co's Beta compare to COHR and KEYS?
Weihai Tiangang Instrument Co's Beta of 1.2127 can be compared against companies in the Hardware 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 Hardware company?
A good Beta depends on the Hardware 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 Weihai Tiangang Instrument Co and its competitors. Weihai Tiangang Instrument Co's current Beta is 1.2127. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Weihai Tiangang Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Weihai Tiangang Instrument Co (BJSE:920651) is currently considered Fairly Valued. The stock's GF Value™ is ¥28.18, compared to a current price of ¥25.98 — trading 7.8% below its estimated fair value. The current Beta is 1.2127. Weihai Tiangang Instrument Co's overall GF Score™ is 82/100 with 3 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 Weihai Tiangang Instrument Co (BJSE:920651), the current Beta is 1.2127 as of Aug. 20, 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.
Is Weihai Tiangang Instrument Co (BJSE:920651) Overvalued in 2026?
Based on GuruFocus' analysis, Weihai Tiangang Instrument Co stock appears to be undervalued.
The current stock price of ¥25.98 is trading 7.8% below its estimated GF Value™ of ¥28.18.
GuruFocus considers Weihai Tiangang Instrument Co to be Fairly Valued.
Key valuation signals for BJSE:920651:
Beta: 1.2127
GF Value™: ¥28.18 vs. price of ¥25.98 (7.8% below fair value)
No single metric tells the full story. See the BJSE:920651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Weihai Tiangang Instrument Co Ltd engages in research and development, production, and sales of IoT ultrasonic measuring instruments such as ultrasonic heat meters, ultrasonic flow sensors, data transmission products, and ultrasonic water meters.
82GF Score
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