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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-27), China Qinfa Group's Beta is 0.8162.
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)
China Qinfa Group Beta Related Terms
China Qinfa Group Beta Historical Data
* Premium members only.
The historical data trend for China Qinfa Group'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.
For the Thermal Coal subindustry, China Qinfa Group'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.
China Qinfa Group Beta vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, China Qinfa Group's Beta distribution charts can be found below:
* The bar in red indicates where China Qinfa Group'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.
China Qinfa Group (HKSE:00866) has a Beta of 0.8162 as of Aug. 27, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for China Qinfa Group and its competitors.
Is China Qinfa Group's Beta too high?
China Qinfa Group's current Beta is 0.8162. Overall, China Qinfa Group has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Qinfa Group's Beta compare to competitors?
China Qinfa Group's Beta of 0.8162 can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Beta depends on the Other Energy Sources 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 China Qinfa Group and its competitors. China Qinfa Group's current Beta is 0.8162. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Qinfa Group stock overvalued right now?
Based on GuruFocus' analysis, China Qinfa Group (HKSE:00866) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.58, compared to a current price of HK$2.35 — trading 305.2% above its estimated fair value. The current Beta is 0.8162. China Qinfa Group's overall GF Score™ is 36/100 with 4 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 China Qinfa Group (HKSE:00866), the current Beta is 0.8162 as of Aug. 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 China Qinfa Group (HKSE:00866) Overvalued in 2026?
Based on GuruFocus' analysis, China Qinfa Group stock appears to be overvalued.
The current stock price of HK$2.35 is trading 305.2% above its estimated GF Value™ of HK$0.58.
GuruFocus considers China Qinfa Group to be Significantly Overvalued.
Key valuation signals for HKSE:00866:
Beta: 0.8162
GF Value™: HK$0.58 vs. price of HK$2.35 (305.2% above fair value)
No single metric tells the full story. See the HKSE:00866 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Qinfa Group Ltd is a Hong Kong-based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, and the blending of coal in the PRC. It has a business presence in the PRC and Indonesia, of which the majority of the revenue is generated within the PRC.
36GF Score
Get the complete analysis for HKSE:00866
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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