Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-01), Munjal Auto Industries's Beta is 1.4473.
Munjal Auto Industries (BOM:520059) 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)
* 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 Auto Parts subindustry, Munjal Auto Industries'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.
Munjal Auto Industries Beta vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Munjal Auto Industries's Beta distribution charts can be found below:
* The bar in red indicates where Munjal Auto Industries'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.
Munjal Auto Industries (BOM:520059) has a Beta of 1.4473 as of Jul. 01, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Munjal Auto Industries and its competitors.
Is Munjal Auto Industries' Beta too high?
Munjal Auto Industries' current Beta is 1.4473. Overall, Munjal Auto Industries has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Munjal Auto Industries' Beta compare to ORLY and AZO?
Munjal Auto Industries' Beta of 1.4473 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Beta depends on the Vehicles & Parts 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 Munjal Auto Industries and its competitors. Munjal Auto Industries's current Beta is 1.4473. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munjal Auto Industries stock overvalued right now?
Based on GuruFocus' analysis, Munjal Auto Industries (BOM:520059) is currently considered Fairly Valued. The stock's GF Value™ is ₹93.29, compared to a current price of ₹102.72 — trading 10.1% above its estimated fair value. The current Beta is 1.4473. Munjal Auto Industries' overall GF Score™ is 69/100 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 Munjal Auto Industries (BOM:520059), the current Beta is 1.4473 as of Jul. 01, 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 Munjal Auto Industries (BOM:520059) Overvalued in 2026?
Based on GuruFocus' analysis, Munjal Auto Industries stock appears to be overvalued.
The current stock price of ₹102.72 is trading 10.1% above its estimated GF Value™ of ₹93.29.
GuruFocus considers Munjal Auto Industries to be Fairly Valued.
Key valuation signals for BOM:520059:
Beta: 1.4473
GF Value™: ₹93.29 vs. price of ₹102.72 (10.1% above fair value)
No single metric tells the full story. See the BOM:520059 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Munjal Auto Industries Ltd is an India-based company. It offers an exhaust system or mufflers for two-wheelers. The company is engaged in the manufacture of wheels, rims, fuel tanks, and other components for auto industries. Its product range for 2-3 wheelers includes Steel Wheel Rim and Spoke Wheel Rim. Its product range for four-wheelers includes fuel tank assembly, seat structure system, side step assembly, and other products. Some of the company's facilities offered by the company include an engineering and tool room, which includes a central tool room and technical center, a tool design center and tool manufacturing, and a fuel tank manufacturing line. Its operations fall under a single segment namely Manufacturing of Auto Components. The company generates majority revenue from India.
69GF Score
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