Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), Hexagon Purus ASA's Beta is 1.9867.
Hexagon Purus ASA (OTCPK:HPURF) 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)
Hexagon Purus ASA Beta Related Terms
Hexagon Purus ASA Beta Historical Data
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The historical data trend for Hexagon Purus ASA'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 Industrial Distribution subindustry, Hexagon Purus ASA'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.
Hexagon Purus ASA Beta vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Hexagon Purus ASA's Beta distribution charts can be found below:
* The bar in red indicates where Hexagon Purus ASA'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.
Hexagon Purus ASA (HPURF) has a Beta of 1.9867 as of Jun. 26, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Hexagon Purus ASA and its competitors.
Is Hexagon Purus ASA's Beta too high?
Hexagon Purus ASA's current Beta is 1.9867. Overall, Hexagon Purus ASA has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hexagon Purus ASA's Beta compare to GWW and FAST?
Hexagon Purus ASA's Beta of 1.9867 can be compared against companies in the Industrial Distribution 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 Distribution company?
A good Beta depends on the Industrial Distribution 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 Hexagon Purus ASA and its competitors. Hexagon Purus ASA's current Beta is 1.9867. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hexagon Purus ASA stock overvalued right now?
Based on GuruFocus' analysis, Hexagon Purus ASA (HPURF) is currently considered Possible Value Trap. The stock's GF Value™ is $2.52, compared to a current price of $1.20 — trading 52.4% below its estimated fair value. The current Beta is 1.9867. Hexagon Purus ASA's overall GF Score™ is 64/100 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 Hexagon Purus ASA (HPURF), the current Beta is 1.9867 as of Jun. 26, 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 Hexagon Purus ASA (HPURF) Overvalued in 2026?
Based on GuruFocus' analysis, Hexagon Purus ASA stock appears to be undervalued.
The current stock price of $1.20 is trading 52.4% below its estimated GF Value™ of $2.52.
GuruFocus considers Hexagon Purus ASA to be Possible Value Trap.
Key valuation signals for HPURF:
Beta: 1.9867
GF Value™: $2.52 vs. price of $1.20 (52.4% below fair value)
No single metric tells the full story. See the HPURF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hexagon Purus ASA is a provider of Hydrogen Type 4 high-pressure cylinders, complete vehicle systems, and battery packs for fuel cell electric and battery electric vehicles including hybrid mobility applications on light, medium, and heavy-duty vehicles, buses, marine, rail, and aerospace. It has divided its operations into two segments, Hydrogen Mobility and Infrastructure (HMI) and Battery Systems and Vehicle Integration (BVI). The company has a geographic presence in Norway, Europe, North America, and Others. Majority of revenue is from Hydrogen Mobility and Infrastructure (HMI). Geographically, it operates in Norway, Europe, excluding Norway, North America, Asia, and Others. It derives maximum revenue from Europe, excluding Norway.
64GF Score
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