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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-24), Max Earth Resources's Beta is 0.6518.
Max Earth Resources (BOM:534563) 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 Building Materials subindustry, Max Earth Resources'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.
Max Earth Resources Beta vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Max Earth Resources's Beta distribution charts can be found below:
* The bar in red indicates where Max Earth Resources'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.
Max Earth Resources (BOM:534563) has a Beta of 0.6518 as of Jul. 24, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Max Earth Resources and its competitors.
Is Max Earth Resources' Beta too high?
Max Earth Resources' current Beta is 0.6518. Overall, Max Earth Resources has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Max Earth Resources' Beta compare to CRH and VMC?
Max Earth Resources' Beta of 0.6518 can be compared against companies in the Building Materials 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 Building Materials company?
A good Beta depends on the Building Materials 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 Max Earth Resources and its competitors. Max Earth Resources's current Beta is 0.6518. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Earth Resources stock overvalued right now?
Max Earth Resources (BOM:534563) has a current Beta of 0.6518. The stock's GF Value™ is ₹26.95, compared to a current price of ₹44.50 — trading 65.1% above its estimated fair value. The current Beta is 0.6518. Max Earth Resources' overall GF Score™ is 6/100 with 4 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 Max Earth Resources (BOM:534563), the current Beta is 0.6518 as of Jul. 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.
Is Max Earth Resources (BOM:534563) Overvalued in 2026?
Based on GuruFocus' analysis, Max Earth Resources stock appears to be overvalued.
The current stock price of ₹44.50 is trading 65.1% above its estimated GF Value™ of ₹26.95.
Key valuation signals for BOM:534563:
Beta: 0.6518
GF Value™: ₹26.95 vs. price of ₹44.50 (65.1% above fair value)
No single metric tells the full story. See the BOM:534563 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max Earth Resources Ltd is a dynamic company specializing in stone crushing, mining, and turnkey solutions for the telecommunications sector. It has operations across Jharkhand, Maharashtra, Odisha, and Kerala.
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