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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-15), Shandong Molong Petroleum Machinery Co's Beta is -3.1021.
Shandong Molong Petroleum Machinery Co (FRA:PXI) 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)
Shandong Molong Petroleum Machinery Co Beta Related Terms
Shandong Molong Petroleum Machinery Co 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.
Shandong Molong Petroleum Machinery Co Beta Chart
Shandong Molong Petroleum Machinery Co Annual Data
For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery Co'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.
Shandong Molong Petroleum Machinery Co Beta vs Oil & Gas Industry
Shandong Molong Petroleum Machinery Co 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.
Shandong Molong Petroleum Machinery Co (FRA:PXI) has a Beta of -3.1021 as of Jul. 15, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Shandong Molong Petroleum Machinery Co and its competitors.
Is Shandong Molong Petroleum Machinery Co's Beta too high?
Shandong Molong Petroleum Machinery Co's current Beta is -3.1021. Overall, Shandong Molong Petroleum Machinery Co has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Molong Petroleum Machinery Co's Beta compare to SLB and BKR?
Shandong Molong Petroleum Machinery Co's Beta of -3.1021 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 Shandong Molong Petroleum Machinery Co and its competitors. Shandong Molong Petroleum Machinery Co's current Beta is -3.1021. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Molong Petroleum Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Molong Petroleum Machinery Co (FRA:PXI) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.29, compared to a current price of €0.67 — trading 131% above its estimated fair value. The current Beta is -3.1021. Shandong Molong Petroleum Machinery Co's overall GF Score™ is 40/100 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 Shandong Molong Petroleum Machinery Co (FRA:PXI), the current Beta is -3.1021 as of Jul. 15, 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 Shandong Molong Petroleum Machinery Co (FRA:PXI) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Molong Petroleum Machinery Co stock appears to be overvalued.
The current stock price of €0.67 is trading 131% above its estimated GF Value™ of €0.29.
GuruFocus considers Shandong Molong Petroleum Machinery Co to be Significantly Overvalued.
Key valuation signals for FRA:PXI:
Beta: -3.1021
GF Value™: €0.29 vs. price of €0.67 (131% above fair value)
No single metric tells the full story. See the FRA:PXI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Molong Petroleum Machinery Co Business Description
Shandong Molong Petroleum Machinery Co Ltd is engaged in the design, research and development, processing and manufacturing, sale service, and export trade of products for the energy equipment industry. Its main products include petroleum-drilling machinery equipment, petroleum and natural gas pipeline equipment, and oil and gas exploitation equipment. These products are used in petroleum, natural gas, shale gas, coalbed methane, hydrogen energy, oil refining, coal mining machinery, boiler manufacturing, engineering machinery manufacturing, and oilfield services.
40GF Score
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