Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-27), McMillan Shakespeare's Beta is 1.0062.
McMillan Shakespeare (FRA:NMN) 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 Staffing & Employment Services subindustry, McMillan Shakespeare'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.
McMillan Shakespeare Beta vs Business Services Industry
For the Business Services industry and Industrials sector, McMillan Shakespeare's Beta distribution charts can be found below:
* The bar in red indicates where McMillan Shakespeare'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.
McMillan Shakespeare (FRA:NMN) has a Beta of 1.0062 as of Jun. 27, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for McMillan Shakespeare and its competitors.
Is McMillan Shakespeare's Beta too high?
McMillan Shakespeare's current Beta is 1.0062. Overall, McMillan Shakespeare has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does McMillan Shakespeare's Beta compare to KFY and RHI?
McMillan Shakespeare's Beta of 1.0062 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 McMillan Shakespeare and its competitors. McMillan Shakespeare's current Beta is 1.0062. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McMillan Shakespeare stock overvalued right now?
Based on GuruFocus' analysis, McMillan Shakespeare (FRA:NMN) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.08, compared to a current price of €11.90 — trading 21.1% below its estimated fair value. The current Beta is 1.0062. McMillan Shakespeare's overall GF Score™ is 73/100 with 13 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 McMillan Shakespeare (FRA:NMN), the current Beta is 1.0062 as of Jun. 27, 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 McMillan Shakespeare (FRA:NMN) Overvalued in 2026?
Based on GuruFocus' analysis, McMillan Shakespeare stock appears to be undervalued.
The current stock price of €11.90 is trading 21.1% below its estimated GF Value™ of €15.08.
GuruFocus considers McMillan Shakespeare to be Modestly Undervalued.
Key valuation signals for FRA:NMN:
Beta: 1.0062
GF Value™: €15.08 vs. price of €11.90 (21.1% below fair value)
No single metric tells the full story. See the FRA:NMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.
73GF Score
Get the complete analysis for FRA:NMN
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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