SPB Exchange PJSC (MIC:SPBE) Beta: 2.2089 (As of Jun. 26, 2026)


MIC:SPBE SPB Exchange PJSC MIC:SPBE
23 GF Score
Price ₽132.00
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What is SPB Exchange PJSC Beta?

SPB Exchange PJSC MIC:SPBE -6.85% 23 Beta is 2.2089 as of Jun. 26, 2026. GuruFocus rates MIC:SPBE with a GF Score™ of 23/100.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), SPB Exchange PJSC's Beta is 2.2089.

SPB Exchange PJSC  (MIC:SPBE) 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)

SPB Exchange PJSC Beta Related Terms

SPB Exchange PJSC Beta Historical Data

* Premium members only.

The historical data trend for SPB Exchange PJSC'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.

SPB Exchange PJSC Beta Chart

SPB Exchange PJSC Annual Data
Trend Dec19 Dec20 Dec21
Beta
0.00 0.00 0.00

SPB Exchange PJSC Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
Beta Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

MIC:SPBE vs SPGI, CME, ICE: Beta Comparison

For the Financial Data & Stock Exchanges subindustry, SPB Exchange PJSC'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.

SPB Exchange PJSC Beta vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SPB Exchange PJSC's Beta distribution charts can be found below:

* The bar in red indicates where SPB Exchange PJSC's Beta falls into.


MIC:SPBE
23GF Score
SPB Exchange PJSC MIC:SPBE
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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SPB Exchange PJSC 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.

Frequently Asked Questions Learn more about Beta →
What does a Beta of 2.2089 mean?
SPB Exchange PJSC (MIC:SPBE) has a Beta of 2.2089 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 SPB Exchange PJSC and its competitors.
Is SPB Exchange PJSC's Beta too high?
SPB Exchange PJSC's current Beta is 2.2089. Overall, SPB Exchange PJSC has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does SPB Exchange PJSC's Beta compare to SPGI and CME?
SPB Exchange PJSC's Beta of 2.2089 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Beta depends on the Capital Markets 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 SPB Exchange PJSC and its competitors. SPB Exchange PJSC's current Beta is 2.2089. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPB Exchange PJSC stock overvalued right now?
SPB Exchange PJSC (MIC:SPBE) has a current Beta of 2.2089. The current Beta is 2.2089. SPB Exchange PJSC's overall GF Score™ is 23/100. 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 SPB Exchange PJSC (MIC:SPBE), the current Beta is 2.2089 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.

SPB Exchange PJSC Business Description

Address 38 Dolgorukovskaya Street, Building 1, Moscow, RUS, 127006
SPB Exchange PJSC is an exchange for international securities in the Russian financial market. It operates according to a business-to-business and business-to-customer model, simultaneously focusing on retail investors and financial intermediaries as direct customers. The company provides access to investment products for Russian and international investors, operating through its trading infrastructure and order-routing mechanisms.
23GF Score

Get the complete analysis for MIC:SPBE

Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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