Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), Motor Oil (Hellas) Corinth Refineries's Beta is 0.2384.
Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) 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)
Motor Oil (Hellas) Corinth Refineries Beta Related Terms
Motor Oil (Hellas) Corinth Refineries 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 Oil & Gas Refining & Marketing subindustry, Motor Oil (Hellas) Corinth Refineries'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.
Motor Oil (Hellas) Corinth Refineries Beta vs Oil & Gas Industry
Motor Oil (Hellas) Corinth Refineries Beta Calculation
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.
Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) has a Beta of 0.2384 as of Jun. 26, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Motor Oil (Hellas) Corinth Refineries and its competitors.
Is Motor Oil (Hellas) Corinth Refineries' Beta too high?
Motor Oil (Hellas) Corinth Refineries' current Beta is 0.2384. Overall, Motor Oil (Hellas) Corinth Refineries has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Motor Oil (Hellas) Corinth Refineries' Beta compare to VLO and MPC?
Motor Oil (Hellas) Corinth Refineries' Beta of 0.2384 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Beta depends on the Oil & Gas 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 Motor Oil (Hellas) Corinth Refineries and its competitors. Motor Oil (Hellas) Corinth Refineries's current Beta is 0.2384. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Motor Oil (Hellas) Corinth Refineries stock overvalued right now?
Based on GuruFocus' analysis, Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €22.03, compared to a current price of €38.10 — trading 72.9% above its estimated fair value. The current Beta is 0.2384. Motor Oil (Hellas) Corinth Refineries' overall GF Score™ is 63/100 with 6 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 Motor Oil (Hellas) Corinth Refineries (FRA:MHZ), the current Beta is 0.2384 as of Jun. 26, 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 Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Overvalued in 2026?
Based on GuruFocus' analysis, Motor Oil (Hellas) Corinth Refineries stock appears to be overvalued.
The current stock price of €38.10 is trading 72.9% above its estimated GF Value™ of €22.03.
GuruFocus considers Motor Oil (Hellas) Corinth Refineries to be Significantly Overvalued.
Key valuation signals for FRA:MHZ:
Beta: 0.2384
GF Value™: €22.03 vs. price of €38.10 (72.9% above fair value)
No single metric tells the full story. See the FRA:MHZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Motor Oil (Hellas) Corinth Refineries Business Description
Motor Oil (Hellas) Corinth Refineries SA plays a role in the sectors of crude oil refining and marketing of petroleum products in Greece as well as the eastern Mediterranean region, supplying its customers with a wide range of quality products. The refinery, with its ancillary plants and fuel distribution facilities, forms the privately owned industrial complex in Greece. It serves petroleum marketing companies in Greece and internationally. The Group is active in four main operating business segments: Refining Activity, Fuels Marketing Activity, Power and Gas, and Other. It derives maximum revenue from Refining Activity. The firm derives the majority of its revenue from Foreign Sales.
63GF Score
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