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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-13), Shan Xi Hua Yang Group New Energy Co's Beta is 1.1416.
Shan Xi Hua Yang Group New Energy Co (SHSE:600348) 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)
Shan Xi Hua Yang Group New Energy Co Beta Related Terms
Shan Xi Hua Yang Group New Energy Co 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.
Shan Xi Hua Yang Group New Energy Co Beta Competitor Comparison
For the Thermal Coal subindustry, Shan Xi Hua Yang Group New Energy 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.
Shan Xi Hua Yang Group New Energy Co Beta vs Other Energy Sources Industry
Shan Xi Hua Yang Group New Energy 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.
Shan Xi Hua Yang Group New Energy Co (SHSE:600348) has a Beta of 1.1416 as of Jul. 13, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Shan Xi Hua Yang Group New Energy Co and its competitors.
Is Shan Xi Hua Yang Group New Energy Co's Beta too high?
Shan Xi Hua Yang Group New Energy Co's current Beta is 1.1416. Overall, Shan Xi Hua Yang Group New Energy Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shan Xi Hua Yang Group New Energy Co's Beta compare to competitors?
Shan Xi Hua Yang Group New Energy Co's Beta of 1.1416 can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Beta depends on the Other Energy Sources 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 Shan Xi Hua Yang Group New Energy Co and its competitors. Shan Xi Hua Yang Group New Energy Co's current Beta is 1.1416. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shan Xi Hua Yang Group New Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Shan Xi Hua Yang Group New Energy Co (SHSE:600348) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥6.29, compared to a current price of ¥8.51 — trading 35.3% above its estimated fair value. The current Beta is 1.1416. Shan Xi Hua Yang Group New Energy Co's overall GF Score™ is 73/100 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 Shan Xi Hua Yang Group New Energy Co (SHSE:600348), the current Beta is 1.1416 as of Jul. 13, 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 Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Overvalued in 2026?
Based on GuruFocus' analysis, Shan Xi Hua Yang Group New Energy Co stock appears to be overvalued.
The current stock price of ¥8.51 is trading 35.3% above its estimated GF Value™ of ¥6.29.
GuruFocus considers Shan Xi Hua Yang Group New Energy Co to be Significantly Overvalued.
Key valuation signals for SHSE:600348:
Beta: 1.1416
GF Value™: ¥6.29 vs. price of ¥8.51 (35.3% above fair value)
No single metric tells the full story. See the SHSE:600348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shan Xi Hua Yang Group New Energy Co Business Description
Shan Xi Hua Yang Group New Energy Co Ltd is mainly engaged in coal mining, processing, and distribution, as well as power generation and heat supply. The company mainly produces smokeless coal, which is widely applied across various sectors including power generation, fertilizer manufacturing, metallurgy, machinery, and construction materials. Its power supply business serves both industrial operations and household consumption, while its heating services support industrial processes and urban residential heating needs.
73GF Score
Get the complete analysis for SHSE:600348
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