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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-08), Zhejiang Rongtai Electric Material Co's Beta is 1.7663.
Zhejiang Rongtai Electric Material Co (SHSE:603119) 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)
Zhejiang Rongtai Electric Material Co Beta Related Terms
Zhejiang Rongtai Electric Material 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 Electronic Components subindustry, Zhejiang Rongtai Electric Material 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.
Zhejiang Rongtai Electric Material Co Beta vs Hardware Industry
Zhejiang Rongtai Electric Material 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.
Zhejiang Rongtai Electric Material Co (SHSE:603119) has a Beta of 1.7663 as of Aug. 08, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Zhejiang Rongtai Electric Material Co and its competitors.
Is Zhejiang Rongtai Electric Material Co's Beta too high?
Zhejiang Rongtai Electric Material Co's current Beta is 1.7663. Overall, Zhejiang Rongtai Electric Material Co has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Rongtai Electric Material Co's Beta compare to APH and GLW?
Zhejiang Rongtai Electric Material Co's Beta of 1.7663 can be compared against companies in the Hardware 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 Hardware company?
A good Beta depends on the Hardware 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 Zhejiang Rongtai Electric Material Co and its competitors. Zhejiang Rongtai Electric Material Co's current Beta is 1.7663. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Rongtai Electric Material Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co (SHSE:603119) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.26, compared to a current price of ¥54.49 — trading 80.1% above its estimated fair value. The current Beta is 1.7663. Zhejiang Rongtai Electric Material Co's overall GF Score™ is 88/100 with 2 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 Zhejiang Rongtai Electric Material Co (SHSE:603119), the current Beta is 1.7663 as of Aug. 08, 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 Zhejiang Rongtai Electric Material Co (SHSE:603119) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co stock appears to be overvalued.
The current stock price of ¥54.49 is trading 80.1% above its estimated GF Value™ of ¥30.26.
GuruFocus considers Zhejiang Rongtai Electric Material Co to be Significantly Overvalued.
Key valuation signals for SHSE:603119:
Beta: 1.7663
GF Value™: ¥30.26 vs. price of ¥54.49 (80.1% above fair value)
No single metric tells the full story. See the SHSE:603119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.
88GF Score
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