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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-14), Nantong Acetic Acid Chemical Co's Beta is 1.0815.
Nantong Acetic Acid Chemical Co (SHSE:603968) 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)
Nantong Acetic Acid Chemical Co Beta Related Terms
Nantong Acetic Acid Chemical 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, Nantong Acetic Acid Chemical 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.
Nantong Acetic Acid Chemical Co Beta vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nantong Acetic Acid Chemical Co's Beta distribution charts can be found below:
* The bar in red indicates where Nantong Acetic Acid Chemical 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.
Nantong Acetic Acid Chemical Co (SHSE:603968) has a Beta of 1.0815 as of Aug. 14, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Nantong Acetic Acid Chemical Co and its competitors.
Is Nantong Acetic Acid Chemical Co's Beta too high?
Nantong Acetic Acid Chemical Co's current Beta is 1.0815. Overall, Nantong Acetic Acid Chemical Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nantong Acetic Acid Chemical Co's Beta compare to LIN and SHW?
Nantong Acetic Acid Chemical Co's Beta of 1.0815 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 Nantong Acetic Acid Chemical Co and its competitors. Nantong Acetic Acid Chemical Co's current Beta is 1.0815. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nantong Acetic Acid Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nantong Acetic Acid Chemical Co (SHSE:603968) is currently considered Fairly Valued. The stock's GF Value™ is ¥10.31, compared to a current price of ¥10.24 — trading 0.7% below its estimated fair value. The current Beta is 1.0815. Nantong Acetic Acid Chemical Co's overall GF Score™ is 61/100 with 5 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 Nantong Acetic Acid Chemical Co (SHSE:603968), the current Beta is 1.0815 as of Aug. 14, 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 Nantong Acetic Acid Chemical Co (SHSE:603968) Overvalued in 2026?
Based on GuruFocus' analysis, Nantong Acetic Acid Chemical Co stock appears to be undervalued.
The current stock price of ¥10.24 is trading 0.7% below its estimated GF Value™ of ¥10.31.
GuruFocus considers Nantong Acetic Acid Chemical Co to be Fairly Valued.
Key valuation signals for SHSE:603968:
Beta: 1.0815
GF Value™: ¥10.31 vs. price of ¥10.24 (0.7% below fair value)
No single metric tells the full story. See the SHSE:603968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nantong Acetic Acid Chemical Co Ltd deals in food and feed additives, pharmaceutical and pesticide intermediates, dye and pigment intermediates, and organic chemical raw materials. The product portfolio includes - sorbic acid, potassium sorbate, dehydroacetic acid, nicotinic acid, clopidol, methyl acetoacetate, acetoacetanilide, and others.
61GF Score
Get the complete analysis for SHSE:603968
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