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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-19), Xiangtan Electric Manufacturing Co's Beta is 1.6018.
Xiangtan Electric Manufacturing Co (SHSE:600416) 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)
Xiangtan Electric Manufacturing Co Beta Related Terms
Xiangtan Electric Manufacturing 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 Industrial Machinery subindustry, Xiangtan Electric Manufacturing 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.
Xiangtan Electric Manufacturing Co Beta vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Xiangtan Electric Manufacturing Co's Beta distribution charts can be found below:
* The bar in red indicates where Xiangtan Electric Manufacturing Co's Beta falls into.
Xiangtan Electric Manufacturing 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.
Xiangtan Electric Manufacturing Co (SHSE:600416) has a Beta of 1.6018 as of Jul. 19, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Xiangtan Electric Manufacturing Co and its competitors.
Is Xiangtan Electric Manufacturing Co's Beta too high?
Xiangtan Electric Manufacturing Co's current Beta is 1.6018. Overall, Xiangtan Electric Manufacturing Co has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Xiangtan Electric Manufacturing Co's Beta compare to GEV and ETN?
Xiangtan Electric Manufacturing Co's Beta of 1.6018 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 Xiangtan Electric Manufacturing Co and its competitors. Xiangtan Electric Manufacturing Co's current Beta is 1.6018. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xiangtan Electric Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Xiangtan Electric Manufacturing Co (SHSE:600416) is currently considered Possible Value Trap. The stock's GF Value™ is ¥14.33, compared to a current price of ¥8.42 — trading 41.2% below its estimated fair value. The current Beta is 1.6018. Xiangtan Electric Manufacturing Co's overall GF Score™ is 52/100 with 4 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 Xiangtan Electric Manufacturing Co (SHSE:600416), the current Beta is 1.6018 as of Jul. 19, 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 Xiangtan Electric Manufacturing Co (SHSE:600416) Overvalued in 2026?
Based on GuruFocus' analysis, Xiangtan Electric Manufacturing Co stock appears to be undervalued.
The current stock price of ¥8.42 is trading 41.2% below its estimated GF Value™ of ¥14.33.
GuruFocus considers Xiangtan Electric Manufacturing Co to be Possible Value Trap.
Key valuation signals for SHSE:600416:
Beta: 1.6018
GF Value™: ¥14.33 vs. price of ¥8.42 (41.2% below fair value)
No single metric tells the full story. See the SHSE:600416 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xiangtan Electric Manufacturing Co Business Description
Xiangtan Electric Manufacturing Co Ltd is the backbone enterprise of China's electrical industry, the major technologies and equipment production. It is also involved in R&D and is the designated manufacturer of defense equipment.
52GF Score
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