Hennessy Advisors (FRA:Z3A) Beta: N/A (As of Aug. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:Z3A Hennessy Advisors Inc FRA:Z3A
56 GF Score
Price €8.00
GF Value €7.81
Valuation Fairly Valued
! 2 Warning Signs
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What is Hennessy Advisors Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-20), Hennessy Advisors's Beta is Not available.

Hennessy Advisors  (FRA:Z3A) 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)

Hennessy Advisors Beta Related Terms

Hennessy Advisors Beta Historical Data

* Premium members only.

The historical data trend for Hennessy Advisors's Beta can be seen below:

* 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.

Hennessy Advisors Beta Chart

Hennessy Advisors Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Hennessy Advisors Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
FRA:Z3A
56GF Score
Hennessy Advisors Inc FRA:Z3A
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Hennessy Advisors 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.

Is Hennessy Advisors (FRA:Z3A) Overvalued in 2026?

Based on GuruFocus' analysis, Hennessy Advisors stock appears to be overvalued. The current stock price of €8.00 is trading 2.4% above its estimated GF Value™ of €7.81. GuruFocus considers Hennessy Advisors to be Fairly Valued.

Key valuation signals for FRA:Z3A:

  • Beta: N/A
  • GF Value™: €7.81 vs. price of €8.00 (2.4% above fair value)
  • GF Score™: 56/100 with 2 warning signs

No single metric tells the full story. See the FRA:Z3A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hennessy Advisors Business Description

Other Exchanges HNNA:USA
Address 7250 Redwood Boulevard, Suite 200, Novato, CA, USA, 94945
Hennessy Advisors Inc is an investment management company that manages and markets open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, multi-asset sectors, specialty products, and fixed income products. The company earns revenues mainly from investment advisory services and secondarily from shareholder services. Advisory services include managing each fund's portfolio in line with its investment objectives, monitoring compliance and performance, overseeing sub-advisors and other service providers, and handling marketing, distribution, and regulatory reporting. Shareholder services cover investor support and coordination with the fund service provider, with all related fees based on the funds' average daily net asset values.
56GF Score

Get the complete analysis for FRA:Z3A

Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€8.00
Price
€7.81
GF Value