Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-27), Scandinavian Medical Solutions AS's Beta is 0.4498.
Scandinavian Medical Solutions AS (OCSE:SMSMED) 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)
Scandinavian Medical Solutions AS Beta Related Terms
Scandinavian Medical Solutions AS Beta Historical Data
* 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 Medical Devices subindustry, Scandinavian Medical Solutions AS'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.
Scandinavian Medical Solutions AS Beta vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Scandinavian Medical Solutions AS's Beta distribution charts can be found below:
* The bar in red indicates where Scandinavian Medical Solutions AS's Beta falls into.
Scandinavian Medical Solutions AS 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.
Scandinavian Medical Solutions AS (OCSE:SMSMED) has a Beta of 0.4498 as of Jun. 27, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Scandinavian Medical Solutions AS and its competitors.
Is Scandinavian Medical Solutions AS's Beta too high?
Scandinavian Medical Solutions AS's current Beta is 0.4498. Overall, Scandinavian Medical Solutions AS has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Medical Solutions AS's Beta compare to ABT and SYK?
Scandinavian Medical Solutions AS's Beta of 0.4498 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Beta depends on the Medical Devices & Instruments 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 Scandinavian Medical Solutions AS and its competitors. Scandinavian Medical Solutions AS's current Beta is 0.4498. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Medical Solutions AS stock overvalued right now?
Based on GuruFocus' analysis, Scandinavian Medical Solutions AS (OCSE:SMSMED) is currently considered Possible Value Trap. The stock's GF Value™ is kr6.23, compared to a current price of kr2.90 — trading 53.5% below its estimated fair value. The current Beta is 0.4498. Scandinavian Medical Solutions AS's overall GF Score™ is 81/100 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 Scandinavian Medical Solutions AS (OCSE:SMSMED), the current Beta is 0.4498 as of Jun. 27, 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 Scandinavian Medical Solutions AS (OCSE:SMSMED) Overvalued in 2026?
Based on GuruFocus' analysis, Scandinavian Medical Solutions AS stock appears to be undervalued.
The current stock price of kr2.90 is trading 53.5% below its estimated GF Value™ of kr6.23.
GuruFocus considers Scandinavian Medical Solutions AS to be Possible Value Trap.
Key valuation signals for OCSE:SMSMED:
Beta: 0.4498
GF Value™: kr6.23 vs. price of kr2.90 (53.5% below fair value)
No single metric tells the full story. See the OCSE:SMSMED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scandinavian Medical Solutions AS Business Description
Scandinavian Medical Solutions AS is a provider of Medical Imaging equipment. The company specializes in the acquisition, quality check, and resale of high-quality pre-owned medical imaging systems. The company supplies value-added resellers and distributors in various countries with MRI, CT, PET/CT, and other diagnostic scanners. It operates the business through three business areas, Equipment Solutions, Parts Solutions and Rental Solutions. Equipment Solutions is the company's main source of revenue, which focuses on sourcing, inspecting, and selling imaging systems such as MRI, CT, PET/CT, Cath-Lab, and Mammography units.
81GF Score
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