New Times (HKSE:00166) Beta: 0.9910 (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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What is New Times Beta?

New Times HKSE:00166 Beta is 0.9910 as of Jul. 29, 2026. The stock has 2 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-29), New Times's Beta is 0.9910.

New Times  (HKSE:00166) 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)

New Times Beta Related Terms

New Times Beta Historical Data

* Premium members only.

The historical data trend for New Times'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.

New Times Beta Chart

New Times Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.18 0.95 0.57 0.50 0.83

New Times Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.57 0.65 0.50 0.60 0.83

New Times Beta Competitor Comparison

For the Other Industrial Metals & Mining subindustry, New Times'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.

New Times Beta vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, New Times's Beta distribution charts can be found below:

* The bar in red indicates where New Times's Beta falls into.


New Times 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.

Frequently Asked Questions Learn more about Beta →
What does a Beta of 0.9910 mean?
New Times (HKSE:00166) has a Beta of 0.9910 as of Jul. 29, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for New Times and its competitors.
Is New Times' Beta too high?
New Times' current Beta is 0.9910.
How does New Times' Beta compare to competitors?
New Times' Beta of 0.9910 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Beta depends on the Metals & Mining 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 New Times and its competitors. New Times's current Beta is 0.9910. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Times stock overvalued right now?
Based on GuruFocus' analysis, New Times (HKSE:00166) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.04 — trading 30% below its estimated fair value. The current Beta is 0.9910. 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 New Times (HKSE:00166), the current Beta is 0.9910 as of Jul. 29, 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.

New Times Business Description

Address 18 Queen’s Road Central, Room 1402, 14th Floor, New World Tower I, Hong Kong, HKG
New Times Corp Ltd is an investment holding company. The company operates its business through two segments. The Energy upstream and industrial park development, and the Precious metals refinery and trading segment. The company generates maximum revenue from the Precious metals refinery and trading segment, which includes trading and refinery of precious metals in Hong Kong.. The Energy upstream and industrial park development segment is engaged in the exploration, exploitation and sale of oil and gas products in Western Canada and Argentina, as well as the development of a new energy industrial park with an ecosystem which is self-sustaining in Campbell River, Canada. Geographically, Hong Kong accounts for the majority of its revenue.