Lumi Rental Co (SAU:4262) Beta : N/A (As of Jun. 23, 2024)

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What is Lumi Rental Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-23), Lumi Rental Co's Beta is Not available.

Lumi Rental Co Beta Historical Data

The historical data trend for Lumi Rental Co'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.

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Lumi Rental Co Beta Chart

Lumi Rental Co Annual Data

Trend

Dec22

Dec23

Beta

Lumi Rental Co Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
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Competitive Comparison of Lumi Rental Co's Beta

For the Rental & Leasing Services subindustry, Lumi Rental Co'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.

Lumi Rental Co's Beta Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lumi Rental Co's Beta distribution charts can be found below:

* The bar in red indicates where Lumi Rental Co's Beta falls into.

Lumi Rental Co 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.

Lumi Rental Co (SAU:4262) 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)

Lumi Rental Co Beta Related Terms

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Lumi Rental Co (SAU:4262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lumi Rental Co (SAU:4262) » Definitions » Beta

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin, P.O. Box 6477, Muhammad Street, Al-Taawun District, Riyadh, SAU, 12476

Website

https://www.lumirental.com

Lumi Rental Co is a Car rental company which offers lease services to corporate and Government sector clients, provides rentals through a network of Thirty airport and city branches across the Kingdom and via digital channels, and sells used vehicles reaching the end of their useful life. The company has two reportable segments which are Leasing includes Providing vehicles on long term leases to corporate and government customers . Rental includes Providing vehicles on daily, weekly, monthly rentals to walking and corporate customers.

Lumi Rental Co (SAU:4262) Headlines

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