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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-03), Global Testing's Beta is 0.5479.
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)
Global Testing Beta Related Terms
Global Testing Beta Historical Data
* Premium members only.
The historical data trend for Global Testing'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 Semiconductor Equipment & Materials subindustry, Global Testing'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.
Global Testing Beta vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Global Testing's Beta distribution charts can be found below:
* The bar in red indicates where Global Testing'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.
Global Testing (SGX:AYN) has a Beta of 0.5479 as of Aug. 03, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Global Testing and its competitors.
Is Global Testing's Beta too high?
Global Testing's current Beta is 0.5479. Overall, Global Testing has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Testing's Beta compare to AMAT and LRCX?
Global Testing's Beta of 0.5479 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Beta depends on the Semiconductors 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 Global Testing and its competitors. Global Testing's current Beta is 0.5479. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Testing stock overvalued right now?
Based on GuruFocus' analysis, Global Testing (SGX:AYN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.16, compared to a current price of S$1.15 — trading 0.9% below its estimated fair value. The current Beta is 0.5479. Global Testing's overall GF Score™ is 78/100. 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 Global Testing (SGX:AYN), the current Beta is 0.5479 as of Aug. 03, 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 Global Testing (SGX:AYN) Overvalued in 2026?
Based on GuruFocus' analysis, Global Testing stock appears to be undervalued.
The current stock price of S$1.15 is trading 0.9% below its estimated GF Value™ of S$1.16.
GuruFocus considers Global Testing to be Fairly Valued.
Key valuation signals for SGX:AYN:
Beta: 0.5479
GF Value™: S$1.16 vs. price of S$1.15 (0.9% below fair value)
No single metric tells the full story. See the SGX:AYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the company is seen across the region of Singapore, the USA, Taiwan, Thailand, China, Japan, and other countries.
78GF Score
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Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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