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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-21), Tangshannyou Chemical Industries Co's Beta is 1.4915.
Tangshannyou Chemical Industries Co (SHSE:600409) 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)
Tangshannyou Chemical Industries Co Beta Related Terms
Tangshannyou Chemical Industries 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.
For the Specialty Chemicals subindustry, Tangshannyou Chemical Industries 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.
Tangshannyou Chemical Industries Co Beta vs Chemicals Industry
Tangshannyou Chemical Industries 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.
Tangshannyou Chemical Industries Co (SHSE:600409) has a Beta of 1.4915 as of Jul. 21, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Tangshannyou Chemical Industries Co and its competitors.
Is Tangshannyou Chemical Industries Co's Beta too high?
Tangshannyou Chemical Industries Co's current Beta is 1.4915. Overall, Tangshannyou Chemical Industries Co has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tangshannyou Chemical Industries Co's Beta compare to LIN and SHW?
Tangshannyou Chemical Industries Co's Beta of 1.4915 can be compared against companies in the Chemicals 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 Chemicals company?
A good Beta depends on the Chemicals 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 Tangshannyou Chemical Industries Co and its competitors. Tangshannyou Chemical Industries Co's current Beta is 1.4915. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tangshannyou Chemical Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Tangshannyou Chemical Industries Co (SHSE:600409) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥5.08, compared to a current price of ¥5.92 — trading 16.5% above its estimated fair value. The current Beta is 1.4915. Tangshannyou Chemical Industries Co's overall GF Score™ is 64/100 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 Tangshannyou Chemical Industries Co (SHSE:600409), the current Beta is 1.4915 as of Jul. 21, 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 Tangshannyou Chemical Industries Co (SHSE:600409) Overvalued in 2026?
Based on GuruFocus' analysis, Tangshannyou Chemical Industries Co stock appears to be overvalued.
The current stock price of ¥5.92 is trading 16.5% above its estimated GF Value™ of ¥5.08.
GuruFocus considers Tangshannyou Chemical Industries Co to be Modestly Overvalued.
Key valuation signals for SHSE:600409:
Beta: 1.4915
GF Value™: ¥5.08 vs. price of ¥5.92 (16.5% above fair value)
No single metric tells the full story. See the SHSE:600409 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tangshannyou Chemical Industries Co Business Description
Tangshan Sanyou Chemical Industries Co Ltd is principally engaged in the production and sale of chemical products. Sanyou's technical process includes squeezing and pressing method, solid phase, and liquid phase. The company offers dense and light soda ash, hydration dense and extrusion dense soda ash, normal, low salt, super-low salt, and special low soda ash, industrial soda ash, food additive soda ash, viscose fiber, PVC and caustic soda products. In addition, the company offers salt products comprising industry salt, refined powder salt, industrial washing brine and magnesium chloride.
64GF Score
Get the complete analysis for SHSE:600409
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