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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-31), Zhejiang Great Shengda Packing Co's Beta is 0.8558.
Zhejiang Great Shengda Packing Co (SHSE:603687) 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 Great Shengda Packing Co Beta Related Terms
Zhejiang Great Shengda Packing 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.
Zhejiang Great Shengda Packing Co Beta Competitor Comparison
For the Paper & Paper Products subindustry, Zhejiang Great Shengda Packing 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 Great Shengda Packing Co Beta vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Zhejiang Great Shengda Packing Co's Beta distribution charts can be found below:
* The bar in red indicates where Zhejiang Great Shengda Packing Co's Beta falls into.
Zhejiang Great Shengda Packing 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 Great Shengda Packing Co (SHSE:603687) has a Beta of 0.8558 as of Jul. 31, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Zhejiang Great Shengda Packing Co and its competitors.
Is Zhejiang Great Shengda Packing Co's Beta too high?
Zhejiang Great Shengda Packing Co's current Beta is 0.8558. Overall, Zhejiang Great Shengda Packing Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Great Shengda Packing Co's Beta compare to competitors?
Zhejiang Great Shengda Packing Co's Beta of 0.8558 can be compared against companies in the Forest 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 a Forest Products company?
A good Beta depends on the Forest 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 Zhejiang Great Shengda Packing Co and its competitors. Zhejiang Great Shengda Packing Co's current Beta is 0.8558. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Great Shengda Packing Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Great Shengda Packing Co (SHSE:603687) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥9.66, compared to a current price of ¥12.50 — trading 29.4% above its estimated fair value. The current Beta is 0.8558. Zhejiang Great Shengda Packing Co's overall GF Score™ is 67/100 with 3 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 Great Shengda Packing Co (SHSE:603687), the current Beta is 0.8558 as of Jul. 31, 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 Great Shengda Packing Co (SHSE:603687) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Great Shengda Packing Co stock appears to be overvalued.
The current stock price of ¥12.50 is trading 29.4% above its estimated GF Value™ of ¥9.66.
GuruFocus considers Zhejiang Great Shengda Packing Co to be Modestly Overvalued.
Key valuation signals for SHSE:603687:
Beta: 0.8558
GF Value™: ¥9.66 vs. price of ¥12.50 (29.4% above fair value)
No single metric tells the full story. See the SHSE:603687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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