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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-23), Beijing Longruan Technologies's Beta is 1.6465.
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)
Beijing Longruan Technologies Beta Related Terms
Beijing Longruan Technologies 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 Software - Application subindustry, Beijing Longruan Technologies'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.
Beijing Longruan Technologies Beta vs Software Industry
For the Software industry and Technology sector, Beijing Longruan Technologies's Beta distribution charts can be found below:
* The bar in red indicates where Beijing Longruan Technologies'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.
Beijing Longruan Technologies (SHSE:688078) has a Beta of 1.6465 as of Jul. 23, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Beijing Longruan Technologies and its competitors.
Is Beijing Longruan Technologies' Beta too high?
Beijing Longruan Technologies' current Beta is 1.6465. Overall, Beijing Longruan Technologies has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Beijing Longruan Technologies' Beta compare to UBER and SHOP?
Beijing Longruan Technologies' Beta of 1.6465 can be compared against companies in the Software 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 Software company?
A good Beta depends on the Software 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 Beijing Longruan Technologies and its competitors. Beijing Longruan Technologies's current Beta is 1.6465. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Longruan Technologies stock overvalued right now?
Based on GuruFocus' analysis, Beijing Longruan Technologies (SHSE:688078) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥13.81, compared to a current price of ¥20.44 — trading 48% above its estimated fair value. The current Beta is 1.6465. Beijing Longruan Technologies' overall GF Score™ is 65/100 with 6 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 Beijing Longruan Technologies (SHSE:688078), the current Beta is 1.6465 as of Jul. 23, 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 Beijing Longruan Technologies (SHSE:688078) Overvalued in 2026?
Based on GuruFocus' analysis, Beijing Longruan Technologies stock appears to be overvalued.
The current stock price of ¥20.44 is trading 48% above its estimated GF Value™ of ¥13.81.
GuruFocus considers Beijing Longruan Technologies to be Significantly Overvalued.
Key valuation signals for SHSE:688078:
Beta: 1.6465
GF Value™: ¥13.81 vs. price of ¥20.44 (48% above fair value)
No single metric tells the full story. See the SHSE:688078 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beijing Longruan Technologies Business Description
Beijing Longruan Technologies Inc is engaged in development and sale of software products, custom software, and provide technical services. The company provides technology development; basic software services; application software services; computer system services; data processing; sales of computers, software and auxiliary equipment, and communication equipment.
65GF Score
Get the complete analysis for SHSE:688078
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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