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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-09-10), Tongda Hong Tai Holdings's Beta is -0.6216.
Tongda Hong Tai Holdings (HKSE:02363) 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)
* 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 Electronic Components subindustry, Tongda Hong Tai 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.
Tongda Hong Tai Holdings Beta vs Hardware Industry
For the Hardware industry and Technology sector, Tongda Hong Tai Holdings's Beta distribution charts can be found below:
* The bar in red indicates where Tongda Hong Tai 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.
Tongda Hong Tai Holdings (HKSE:02363) has a Beta of -0.6216 as of Sep. 10, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Tongda Hong Tai Holdings and its competitors.
Is Tongda Hong Tai Holdings' Beta too high?
Tongda Hong Tai Holdings' current Beta is -0.6216. Overall, Tongda Hong Tai Holdings has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tongda Hong Tai Holdings' Beta compare to APH and GLW?
Tongda Hong Tai Holdings' Beta of -0.6216 can be compared against companies in the Hardware 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 Hardware company?
A good Beta depends on the Hardware 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 Tongda Hong Tai Holdings and its competitors. Tongda Hong Tai Holdings's current Beta is -0.6216. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongda Hong Tai Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tongda Hong Tai Holdings (HKSE:02363) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.15, compared to a current price of HK$0.25 — trading 66.7% above its estimated fair value. The current Beta is -0.6216. Tongda Hong Tai Holdings' overall GF Score™ is 41/100 with 2 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 Tongda Hong Tai Holdings (HKSE:02363), the current Beta is -0.6216 as of Sep. 10, 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 Tongda Hong Tai Holdings (HKSE:02363) Overvalued in 2026?
Based on GuruFocus' analysis, Tongda Hong Tai Holdings stock appears to be overvalued.
The current stock price of HK$0.25 is trading 66.7% above its estimated GF Value™ of HK$0.15.
GuruFocus considers Tongda Hong Tai Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02363:
Beta: -0.6216
GF Value™: HK$0.15 vs. price of HK$0.25 (66.7% above fair value)
No single metric tells the full story. See the HKSE:02363 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongda Hong Tai Holdings Ltd is an investment holding company. The company's subsidiaries are principally involved in the manufacture and sale of the casings of notebook and tablet computer and components in Mainland China. The majority of the company's revenue is derived from the sale of casings of notebooks and tablets.
41GF Score
Get the complete analysis for HKSE:02363
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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