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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), Cognex's Beta is -0.2472.
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)
Cognex Beta Related Terms
Cognex Beta Historical Data
* Premium members only.
The historical data trend for Cognex'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 Scientific & Technical Instruments subindustry, Cognex'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.
Cognex Beta vs Hardware Industry
For the Hardware industry and Technology sector, Cognex's Beta distribution charts can be found below:
* The bar in red indicates where Cognex'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.
Cognex (MEX:CGNX) has a Beta of -0.2472 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 Cognex and its competitors.
Is Cognex's Beta too high?
Cognex's current Beta is -0.2472. Overall, Cognex has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cognex's Beta compare to ESE and TRMB?
Cognex's Beta of -0.2472 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 Cognex and its competitors. Cognex's current Beta is -0.2472. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cognex stock overvalued right now?
Based on GuruFocus' analysis, Cognex (MEX:CGNX) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN930.48, compared to a current price of MXN1,055.00 — trading 13.4% above its estimated fair value. The current Beta is -0.2472. Cognex's overall GF Score™ is 72/100 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 Cognex (MEX:CGNX), the current Beta is -0.2472 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 Cognex (MEX:CGNX) Overvalued in 2026?
Based on GuruFocus' analysis, Cognex stock appears to be overvalued.
The current stock price of MXN1,055.00 is trading 13.4% above its estimated GF Value™ of MXN930.48.
GuruFocus considers Cognex to be Modestly Overvalued.
Key valuation signals for MEX:CGNX:
Beta: -0.2472
GF Value™: MXN930.48 vs. price of MXN1,055.00 (13.4% above fair value)
No single metric tells the full story. See the MEX:CGNX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. Geographically, it operates in United states, Europe, Greater China and others. Cognex generates the maximum proportion of its sales in the United States and Europe.
72GF Score
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Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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