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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), National Bank of Canada's Beta is -0.0165.
National Bank of Canada (MEX:NAN) 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 Banks - Diversified subindustry, National Bank of Canada'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.
National Bank of Canada Beta vs Banks Industry
For the Banks industry and Financial Services sector, National Bank of Canada's Beta distribution charts can be found below:
* The bar in red indicates where National Bank of Canada'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.
National Bank of Canada (MEX:NAN) has a Beta of -0.0165 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 National Bank of Canada and its competitors.
Is National Bank of Canada's Beta too high?
National Bank of Canada's current Beta is -0.0165. Overall, National Bank of Canada has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does National Bank of Canada's Beta compare to JPM and BAC?
National Bank of Canada's Beta of -0.0165 can be compared against companies in the Banks 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 Banks company?
A good Beta depends on the Banks 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 National Bank of Canada and its competitors. National Bank of Canada's current Beta is -0.0165. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of Canada stock overvalued right now?
National Bank of Canada (MEX:NAN) has a current Beta of -0.0165. The stock's GF Value™ is MXN878.40, compared to a current price of MXN1,326.73 — trading 51% above its estimated fair value. The current Beta is -0.0165. National Bank of Canada's overall GF Score™ is 72/100 with 7 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 National Bank of Canada (MEX:NAN), the current Beta is -0.0165 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 National Bank of Canada (MEX:NAN) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank of Canada stock appears to be overvalued.
The current stock price of MXN1,326.73 is trading 51% above its estimated GF Value™ of MXN878.40.
Key valuation signals for MEX:NAN:
Beta: -0.0165
GF Value™: MXN878.40 vs. price of MXN1,326.73 (51% above fair value)
No single metric tells the full story. See the MEX:NAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank of Canada is the sixth-largest bank in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth management and capital markets services. The bank derives around 45% of its 2025 revenue from the province of Quebec, with additional operations in the rest of Canada and the United States. National Bank of Canada also owns ABA Bank, one of the largest commercial banks in Cambodia.
72GF Score
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