Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-24), Black Diamond Group's Beta is 1.3367.
Black Diamond Group (FRA:8B8) 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 Rental & Leasing Services subindustry, Black Diamond Group'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.
Black Diamond Group Beta vs Business Services Industry
For the Business Services industry and Industrials sector, Black Diamond Group's Beta distribution charts can be found below:
* The bar in red indicates where Black Diamond Group'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.
Black Diamond Group (FRA:8B8) has a Beta of 1.3367 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 Black Diamond Group and its competitors.
Is Black Diamond Group's Beta too high?
Black Diamond Group's current Beta is 1.3367. Overall, Black Diamond Group has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Black Diamond Group's Beta compare to URI and SUNB?
Black Diamond Group's Beta of 1.3367 can be compared against companies in the Business Services 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 Business Services company?
A good Beta depends on the Business Services 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 Black Diamond Group and its competitors. Black Diamond Group's current Beta is 1.3367. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Diamond Group stock overvalued right now?
Based on GuruFocus' analysis, Black Diamond Group (FRA:8B8) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.60, compared to a current price of €11.30 — trading 71.2% above its estimated fair value. The current Beta is 1.3367. Black Diamond Group's overall GF Score™ is 80/100 with 9 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 Black Diamond Group (FRA:8B8), the current Beta is 1.3367 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.
Is Black Diamond Group (FRA:8B8) Overvalued in 2026?
Based on GuruFocus' analysis, Black Diamond Group stock appears to be overvalued.
The current stock price of €11.30 is trading 71.2% above its estimated GF Value™ of €6.60.
GuruFocus considers Black Diamond Group to be Significantly Overvalued.
Key valuation signals for FRA:8B8:
Beta: 1.3367
GF Value™: €6.60 vs. price of €11.30 (71.2% above fair value)
No single metric tells the full story. See the FRA:8B8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Diamond Group Ltd is a specialty rentals and industrial services company with two operating business units - Modular Space Solutions and Workforce Solutions, which operate in Canada, the United States and Australia. Modular Space Solutions provides modular space rentals to customers throughout North America. Workforce Solutions provides workforce housing solutions including rental of accommodations and surface equipment, provision of full turnkey lodge services and provision of travel management logistics through the company's online digital marketplace, LodgeLink. The majority of the company's revenue is derived from the Workforce Solutions business. Canadally, it generates the maximum revenue from Canada.
80GF Score
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