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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-24), Nancal Technology Co's Beta is 1.7287.
Nancal Technology Co (SHSE:603859) 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)
* 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 Conglomerates subindustry, Nancal Technology 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.
Nancal Technology Co Beta vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Nancal Technology Co's Beta distribution charts can be found below:
* The bar in red indicates where Nancal Technology Co's Beta falls into.
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.
Nancal Technology Co (SHSE:603859) has a Beta of 1.7287 as of Jul. 24, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Nancal Technology Co and its competitors.
Is Nancal Technology Co's Beta too high?
Nancal Technology Co's current Beta is 1.7287. Overall, Nancal Technology Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nancal Technology Co's Beta compare to HON and MMM?
Nancal Technology Co's Beta of 1.7287 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Beta depends on the Conglomerates 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 Nancal Technology Co and its competitors. Nancal Technology Co's current Beta is 1.7287. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nancal Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Nancal Technology Co (SHSE:603859) is currently considered Fairly Valued. The stock's GF Value™ is ¥35.55, compared to a current price of ¥34.75 — trading 2.3% below its estimated fair value. The current Beta is 1.7287. Nancal Technology Co's overall GF Score™ is 93/100 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 Nancal Technology Co (SHSE:603859), the current Beta is 1.7287 as of Jul. 24, 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 Nancal Technology Co (SHSE:603859) Overvalued in 2026?
Based on GuruFocus' analysis, Nancal Technology Co stock appears to be undervalued.
The current stock price of ¥34.75 is trading 2.3% below its estimated GF Value™ of ¥35.55.
GuruFocus considers Nancal Technology Co to be Fairly Valued.
Key valuation signals for SHSE:603859:
Beta: 1.7287
GF Value™: ¥35.55 vs. price of ¥34.75 (2.3% below fair value)
No single metric tells the full story. See the SHSE:603859 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nancal Technology Co Ltd provides energy saving and intelligent manufacturing hardware and software integrated solutions for industrial enterprises in China. The company operates through the following business division Smart Electrical, Smart Charging and Smart Manufacturing. Its products are applied in the fields of petrochemical industry, iron and steel metallurgy, coal mining, aviation equipment and power new energy.
93GF Score
Get the complete analysis for SHSE:603859
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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