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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-05), Apple Flavor & Fragrance Group Co's Beta is 1.3151.
Apple Flavor & Fragrance Group Co (SHSE:603020) 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)
Apple Flavor & Fragrance Group Co Beta Related Terms
Apple Flavor & Fragrance Group 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, Apple Flavor & Fragrance Group 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.
Apple Flavor & Fragrance Group Co Beta vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Apple Flavor & Fragrance Group Co's Beta distribution charts can be found below:
* The bar in red indicates where Apple Flavor & Fragrance Group Co's Beta falls into.
Apple Flavor & Fragrance Group 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.
Apple Flavor & Fragrance Group Co (SHSE:603020) has a Beta of 1.3151 as of Aug. 05, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Apple Flavor & Fragrance Group Co and its competitors.
Is Apple Flavor & Fragrance Group Co's Beta too high?
Apple Flavor & Fragrance Group Co's current Beta is 1.3151. Overall, Apple Flavor & Fragrance Group Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apple Flavor & Fragrance Group Co's Beta compare to LIN and SHW?
Apple Flavor & Fragrance Group Co's Beta of 1.3151 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 Apple Flavor & Fragrance Group Co and its competitors. Apple Flavor & Fragrance Group Co's current Beta is 1.3151. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple Flavor & Fragrance Group Co stock overvalued right now?
Based on GuruFocus' analysis, Apple Flavor & Fragrance Group Co (SHSE:603020) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.24, compared to a current price of ¥10.10 — trading 39.5% above its estimated fair value. The current Beta is 1.3151. Apple Flavor & Fragrance Group Co's overall GF Score™ is 64/100 with 8 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 Apple Flavor & Fragrance Group Co (SHSE:603020), the current Beta is 1.3151 as of Aug. 05, 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 Apple Flavor & Fragrance Group Co (SHSE:603020) Overvalued in 2026?
Based on GuruFocus' analysis, Apple Flavor & Fragrance Group Co stock appears to be overvalued.
The current stock price of ¥10.10 is trading 39.5% above its estimated GF Value™ of ¥7.24.
GuruFocus considers Apple Flavor & Fragrance Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:603020:
Beta: 1.3151
GF Value™: ¥7.24 vs. price of ¥10.10 (39.5% above fair value)
No single metric tells the full story. See the SHSE:603020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apple Flavor & Fragrance Group Co Ltd is engaged in the development, manufacture, and sale of spices, flavors, and food ingredients. Its main products include spices which include synthetic and natural flavors, flavors (including food flavors and daily flavors) and industrial Cree which mainly include chocolate for frozen drinks and chocolate for baking, widely used in food, beverages, cigarettes, daily chemicals. It also engaged in the distribution of internationally renowned brands of butter, cheese, whipped cream, chocolate, cocoa, fruit products and other food ingredients.
64GF Score
Get the complete analysis for SHSE:603020
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