Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-28), Luminar Technologies's Beta is 0.0531.
Luminar Technologies (MEX:LAZR) 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 Auto Parts subindustry, Luminar Technologies'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.
Luminar Technologies Beta vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Luminar Technologies's Beta distribution charts can be found below:
* The bar in red indicates where Luminar Technologies'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.
Luminar Technologies (MEX:LAZR) has a Beta of 0.0531 as of Jun. 28, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Luminar Technologies and its competitors.
Is Luminar Technologies' Beta too high?
Luminar Technologies' current Beta is 0.0531. Overall, Luminar Technologies has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Luminar Technologies' Beta compare to FFLO and OMTK?
Luminar Technologies' Beta of 0.0531 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Beta depends on the Vehicles & Parts 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 Luminar Technologies and its competitors. Luminar Technologies's current Beta is 0.0531. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luminar Technologies stock overvalued right now?
Luminar Technologies (MEX:LAZR) has a current Beta of 0.0531. The stock's GF Value™ is MXN1,255.61, compared to a current price of MXN3.89 — trading 99.7% below its estimated fair value. The current Beta is 0.0531. Luminar Technologies' overall GF Score™ is 33/100 with 5 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 Luminar Technologies (MEX:LAZR), the current Beta is 0.0531 as of Jun. 28, 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 Luminar Technologies (MEX:LAZR) Overvalued in 2026?
Based on GuruFocus' analysis, Luminar Technologies stock appears to be undervalued.
The current stock price of MXN3.89 is trading 99.7% below its estimated GF Value™ of MXN1,255.61.
Key valuation signals for MEX:LAZR:
Beta: 0.0531
GF Value™: MXN1,255.61 vs. price of MXN3.89 (99.7% below fair value)
No single metric tells the full story. See the MEX:LAZR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Luminar Technologies Inc is a technology firm specializing in Light Detection and Ranging (LiDAR) hardware and software solutions for automotive and related applications. It develops LiDAR systems, semiconductor components, and software in-house for use in passenger and commercial vehicles, as well as other markets, to support safety and autonomous driving functions. The company's business activities are organized in two operating segments: (i) Autonomy Solutions and (ii) Advanced Technologies and Services. The majority of revenue is derived from the Autonomy Solutions segment, which is engaged in the design, manufacturing, and sale of LiDAR sensors catering mainly to OEMs in the automotive, commercial vehicle, robo-taxi and adjacent industries.
33GF Score
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