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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-09), Chongqing Machinery & Electric Co's Beta is 1.6293.
Chongqing Machinery & Electric Co (HKSE:02722) 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)
Chongqing Machinery & Electric Co Beta Related Terms
Chongqing Machinery & Electric Co 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 Specialty Industrial Machinery subindustry, Chongqing Machinery & Electric Co'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.
Chongqing Machinery & Electric Co Beta vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chongqing Machinery & Electric Co's Beta distribution charts can be found below:
* The bar in red indicates where Chongqing Machinery & Electric Co's Beta falls into.
Chongqing Machinery & Electric Co 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.
Chongqing Machinery & Electric Co (HKSE:02722) has a Beta of 1.6293 as of Aug. 09, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Chongqing Machinery & Electric Co and its competitors.
Is Chongqing Machinery & Electric Co's Beta too high?
Chongqing Machinery & Electric Co's current Beta is 1.6293. Overall, Chongqing Machinery & Electric Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Machinery & Electric Co's Beta compare to GEV and ETN?
Chongqing Machinery & Electric Co's Beta of 1.6293 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Beta depends on the Industrial Products 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 Chongqing Machinery & Electric Co and its competitors. Chongqing Machinery & Electric Co's current Beta is 1.6293. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Machinery & Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Machinery & Electric Co (HKSE:02722) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.04, compared to a current price of HK$2.15 — trading 106.3% above its estimated fair value. The current Beta is 1.6293. Chongqing Machinery & Electric Co's overall GF Score™ is 69/100 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 Chongqing Machinery & Electric Co (HKSE:02722), the current Beta is 1.6293 as of Aug. 09, 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 Chongqing Machinery & Electric Co (HKSE:02722) Overvalued in 2026?
Based on GuruFocus' analysis, Chongqing Machinery & Electric Co stock appears to be overvalued.
The current stock price of HK$2.15 is trading 106.3% above its estimated GF Value™ of HK$1.04.
GuruFocus considers Chongqing Machinery & Electric Co to be Significantly Overvalued.
Key valuation signals for HKSE:02722:
Beta: 1.6293
GF Value™: HK$1.04 vs. price of HK$2.15 (106.3% above fair value)
No single metric tells the full story. See the HKSE:02722 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chongqing Machinery & Electric Co Ltd is principally engaged in designing, manufacturing, and sales of automobile parts and components, power equipment, general machinery, CNC machine tools, and trade & finance business. It also engages in the operation of equipment manufacturing, real estate development, financial investment, import and export trade, advisory services, and new technology. The company's operating segments include Engine division, General machinery division, Wind turbine blade division, Wire and cable division, Intelligent manufacturing division, CNC machine tools division, High voltage transformer division, Material sales division, Financial services division, and Other divisions. Maximum revenue is generated from the Wind turbine blade segment.
69GF Score
Get the complete analysis for HKSE:02722
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