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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-09-03), Shenzhen Meizhigao Technology Co's Beta is 1.2517.
Shenzhen Meizhigao Technology Co (BJSE:920765) 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)
Shenzhen Meizhigao Technology Co Beta Related Terms
Shenzhen Meizhigao Technology 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 Furnishings, Fixtures & Appliances subindustry, Shenzhen Meizhigao Technology 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.
Shenzhen Meizhigao Technology Co Beta vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Shenzhen Meizhigao Technology Co's Beta distribution charts can be found below:
* The bar in red indicates where Shenzhen Meizhigao Technology 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.
Shenzhen Meizhigao Technology Co (BJSE:920765) has a Beta of 1.2517 as of Sep. 03, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Shenzhen Meizhigao Technology Co and its competitors.
Is Shenzhen Meizhigao Technology Co's Beta too high?
Shenzhen Meizhigao Technology Co's current Beta is 1.2517. Overall, Shenzhen Meizhigao Technology Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Meizhigao Technology Co's Beta compare to SN and SGI?
Shenzhen Meizhigao Technology Co's Beta of 1.2517 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Beta depends on the Furnishings, Fixtures & Appliances 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 Shenzhen Meizhigao Technology Co and its competitors. Shenzhen Meizhigao Technology Co's current Beta is 1.2517. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Meizhigao Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Meizhigao Technology Co (BJSE:920765) is currently considered Fairly Valued. The stock's GF Value™ is ¥13.67, compared to a current price of ¥13.38 — trading 2.1% below its estimated fair value. The current Beta is 1.2517. Shenzhen Meizhigao Technology Co's overall GF Score™ is 77/100 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 Shenzhen Meizhigao Technology Co (BJSE:920765), the current Beta is 1.2517 as of Sep. 03, 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 Shenzhen Meizhigao Technology Co (BJSE:920765) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Meizhigao Technology Co stock appears to be undervalued.
The current stock price of ¥13.38 is trading 2.1% below its estimated GF Value™ of ¥13.67.
GuruFocus considers Shenzhen Meizhigao Technology Co to be Fairly Valued.
Key valuation signals for BJSE:920765:
Beta: 1.2517
GF Value™: ¥13.67 vs. price of ¥13.38 (2.1% below fair value)
No single metric tells the full story. See the BJSE:920765 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Meizhigao Technology Co Ltd is engaged in the research and development, production, and sales of metal storage racks. It focuses on the manufacturing, sales, and service of creative DIY storage products. It specializes in home storage ranges and creative storage product systems. The company also produces and sales of plastic products, hardware products, wooden products, bamboo products, rattan products, willow products, and cloth products.
77GF Score
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