Forward Science (ROCO:7530) Beta: -0.0987 (As of Jul. 15, 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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ROCO:7530 Forward Science Corp ROCO:7530
38 GF Score
Price NT$38.55
GF Value NT$14.15
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Forward Science Beta?

Forward Science ROCO:7530 +1.05% 38 Beta is -0.0987 as of Jul. 15, 2026. GuruFocus rates ROCO:7530 with a GF Score™ of 38/100 and a GF Value™ of NT$14.15 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-15), Forward Science's Beta is -0.0987.

Forward Science  (ROCO:7530) 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)

Forward Science Beta Related Terms

Forward Science Beta Historical Data

* Premium members only.

The historical data trend for Forward Science'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.

Forward Science Beta Chart

Forward Science Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beta
Get a 7-Day Free Trial 0.00 0.00 0.00 -0.10 0.00

Forward Science Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 -0.10 0.00 0.00

ROCO:7530 vs GEV, ETN, PH: Beta Comparison

For the Specialty Industrial Machinery subindustry, Forward Science'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.

Forward Science Beta vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Forward Science's Beta distribution charts can be found below:

* The bar in red indicates where Forward Science's Beta falls into.


ROCO:7530
38GF Score
Forward Science Corp ROCO:7530
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forward Science 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 -0.0987 mean?
Forward Science (ROCO:7530) has a Beta of -0.0987 as of Jul. 15, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Forward Science and its competitors.
Is Forward Science's Beta too high?
Forward Science's current Beta is -0.0987. Overall, Forward Science has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forward Science's Beta compare to GEV and ETN?
Forward Science's Beta of -0.0987 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Beta depends on the Industrial Products 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 Forward Science and its competitors. Forward Science's current Beta is -0.0987. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Science stock overvalued right now?
Based on GuruFocus' analysis, Forward Science (ROCO:7530) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$14.15, compared to a current price of NT$38.55 — trading 172.4% above its estimated fair value. The current Beta is -0.0987. Forward Science's overall GF Score™ is 38/100 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 Forward Science (ROCO:7530), the current Beta is -0.0987 as of Jul. 15, 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 Forward Science (ROCO:7530) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Science stock appears to be overvalued. The current stock price of NT$38.55 is trading 172.4% above its estimated GF Value™ of NT$14.15. GuruFocus considers Forward Science to be Significantly Overvalued.

Key valuation signals for ROCO:7530:

  • Beta: -0.0987
  • GF Value™: NT$14.15 vs. price of NT$38.55 (172.4% above fair value)
  • GF Score™: 38/100 with 7 warning signs

No single metric tells the full story. See the ROCO:7530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Forward Science Business Description

Address 232 Youyi Road, Gongyi Village, Zhunan Township, Jhunan, TWN, 350
Forward Science Corp is engaged in the manufacturing and maintenance of vacuum pumps. It is also involved in precision parts manufacturing that includes Stainless Processing, Aluminum Processing, Casting Processing, and Metal Finishing among others. Geographically, the company generates the majority of its revenue from Taiwan.
38GF Score

Get the complete analysis for ROCO:7530

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

NT$38.55
Price
NT$14.15
GF Value