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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-09-08), Jet Knitwears's Beta is -0.2000.
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)
Jet Knitwears Beta Related Terms
Jet Knitwears Beta Historical Data
* Premium members only.
The historical data trend for Jet Knitwears'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 Apparel Manufacturing subindustry, Jet Knitwears'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.
Jet Knitwears Beta vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jet Knitwears's Beta distribution charts can be found below:
* The bar in red indicates where Jet Knitwears'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.
Jet Knitwears (NSE:JETKNIT) has a Beta of -0.2000 as of Sep. 08, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Jet Knitwears and its competitors.
Is Jet Knitwears' Beta too high?
Jet Knitwears' current Beta is -0.2000. Overall, Jet Knitwears has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Jet Knitwears' Beta compare to RL and LEVI?
Jet Knitwears' Beta of -0.2000 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Beta depends on the Manufacturing - Apparel & Accessories 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 Jet Knitwears and its competitors. Jet Knitwears's current Beta is -0.2000. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jet Knitwears stock overvalued right now?
Based on GuruFocus' analysis, Jet Knitwears (NSE:JETKNIT) is currently considered Possible Value Trap. The stock's GF Value™ is ₹83.33, compared to a current price of ₹48.45 — trading 41.9% below its estimated fair value. The current Beta is -0.2000. Jet Knitwears' overall GF Score™ is 59/100 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 Jet Knitwears (NSE:JETKNIT), the current Beta is -0.2000 as of Sep. 08, 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 Jet Knitwears (NSE:JETKNIT) Overvalued in 2026?
Based on GuruFocus' analysis, Jet Knitwears stock appears to be undervalued.
The current stock price of ₹48.45 is trading 41.9% below its estimated GF Value™ of ₹83.33.
GuruFocus considers Jet Knitwears to be Possible Value Trap.
Key valuation signals for NSE:JETKNIT:
Beta: -0.2000
GF Value™: ₹83.33 vs. price of ₹48.45 (41.9% below fair value)
No single metric tells the full story. See the NSE:JETKNIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jet Knitwears Ltd is engaged in manufacturing of textile Items, other knitted and crocheted apparel including hosiery. It offers intimate garments for men, women, and children. The company's products include such as vests, briefs, brassiere, panties, socks, t-shirts and casual wears.
59GF Score
Get the complete analysis for NSE:JETKNIT
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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