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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-22), Billion Industrial Holdings's Beta is -0.1603.
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)
* 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 Textile Manufacturing subindustry, Billion Industrial 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.
Billion Industrial Holdings Beta vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Billion Industrial Holdings's Beta distribution charts can be found below:
* The bar in red indicates where Billion Industrial 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.
Billion Industrial Holdings (HKSE:02299) has a Beta of -0.1603 as of Aug. 22, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Billion Industrial Holdings and its competitors.
Is Billion Industrial Holdings' Beta too high?
Billion Industrial Holdings' current Beta is -0.1603. Overall, Billion Industrial Holdings has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Billion Industrial Holdings' Beta compare to competitors?
Billion Industrial Holdings' Beta of -0.1603 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Beta depends on the Manufacturing - Apparel & Accessories 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 Billion Industrial Holdings and its competitors. Billion Industrial Holdings's current Beta is -0.1603. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billion Industrial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Billion Industrial Holdings (HKSE:02299) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$4.54, compared to a current price of HK$5.30 — trading 16.7% above its estimated fair value. The current Beta is -0.1603. Billion Industrial Holdings' overall GF Score™ is 67/100 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 Billion Industrial Holdings (HKSE:02299), the current Beta is -0.1603 as of Aug. 22, 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 Billion Industrial Holdings (HKSE:02299) Overvalued in 2026?
Based on GuruFocus' analysis, Billion Industrial Holdings stock appears to be overvalued.
The current stock price of HK$5.30 is trading 16.7% above its estimated GF Value™ of HK$4.54.
GuruFocus considers Billion Industrial Holdings to be Modestly Overvalued.
Key valuation signals for HKSE:02299:
Beta: -0.1603
GF Value™: HK$4.54 vs. price of HK$5.30 (16.7% above fair value)
No single metric tells the full story. See the HKSE:02299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Billion Industrial Holdings Ltd is an investment holding. The company develops, manufactures, and sells polyester filament yarns and polyester thin films, polyester products, polyester industrial yarns products and ES fiber products in the People's Republic of China. Its polyester filament yarns include drawn textured, fully drawn, and partially oriented yarns for use in the production of fabrics and textiles for various consumer products, including apparel, footwear, and home furnishings. Geographically, the company operates in PRC, Vietnam and others segment generating key revenue from PRC region.
67GF Score
Get the complete analysis for HKSE:02299
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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