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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-30), Million Hope Industries Holdings's Beta is -0.0546.
Million Hope Industries Holdings (HKSE:01897) 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)
Million Hope Industries Holdings Beta Related Terms
Million Hope Industries Holdings 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.
For the Building Products & Equipment subindustry, Million Hope Industries Holdings'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.
Million Hope Industries Holdings Beta vs Construction Industry
For the Construction industry and Industrials sector, Million Hope Industries Holdings's Beta distribution charts can be found below:
* The bar in red indicates where Million Hope Industries Holdings'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.
Million Hope Industries Holdings (HKSE:01897) has a Beta of -0.0546 as of Jul. 30, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Million Hope Industries Holdings and its competitors.
Is Million Hope Industries Holdings' Beta too high?
Million Hope Industries Holdings' current Beta is -0.0546. Overall, Million Hope Industries Holdings has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Million Hope Industries Holdings' Beta compare to TT and JCI?
Million Hope Industries Holdings' Beta of -0.0546 can be compared against companies in the Construction 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 Construction company?
A good Beta depends on the Construction 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 Million Hope Industries Holdings and its competitors. Million Hope Industries Holdings's current Beta is -0.0546. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Million Hope Industries Holdings stock overvalued right now?
Based on GuruFocus' analysis, Million Hope Industries Holdings (HKSE:01897) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.24, compared to a current price of HK$0.48 — trading 100% above its estimated fair value. The current Beta is -0.0546. Million Hope Industries Holdings' overall GF Score™ is 51/100 with 11 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 Million Hope Industries Holdings (HKSE:01897), the current Beta is -0.0546 as of Jul. 30, 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 Million Hope Industries Holdings (HKSE:01897) Overvalued in 2026?
Based on GuruFocus' analysis, Million Hope Industries Holdings stock appears to be overvalued.
The current stock price of HK$0.48 is trading 100% above its estimated GF Value™ of HK$0.24.
GuruFocus considers Million Hope Industries Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01897:
Beta: -0.0546
GF Value™: HK$0.24 vs. price of HK$0.48 (100% above fair value)
No single metric tells the full story. See the HKSE:01897 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Million Hope Industries Holdings Business Description
Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong and Mainland China of which prime revenue is generated from Hong Kong.
51GF Score
Get the complete analysis for HKSE:01897
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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