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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), WebRAY Tech Group's Beta is 1.1957.
WebRAY Tech Group (SHSE:688651) 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)
WebRAY Tech Group Beta Related Terms
WebRAY Tech Group Beta Historical Data
* Premium members only.
The historical data trend for WebRAY Tech Group's Beta can be seen below:
* 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 - Infrastructure subindustry, WebRAY Tech Group'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.
WebRAY Tech Group Beta vs Software Industry
For the Software industry and Technology sector, WebRAY Tech Group's Beta distribution charts can be found below:
* The bar in red indicates where WebRAY Tech Group'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.
WebRAY Tech Group (SHSE:688651) has a Beta of 1.1957 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 WebRAY Tech Group and its competitors.
Is WebRAY Tech Group's Beta too high?
WebRAY Tech Group's current Beta is 1.1957. Overall, WebRAY Tech Group has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WebRAY Tech Group's Beta compare to MSFT and ORCL?
WebRAY Tech Group's Beta of 1.1957 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 WebRAY Tech Group and its competitors. WebRAY Tech Group's current Beta is 1.1957. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WebRAY Tech Group stock overvalued right now?
Based on GuruFocus' analysis, WebRAY Tech Group (SHSE:688651) is currently considered Possible Value Trap. The stock's GF Value™ is ¥30.24, compared to a current price of ¥20.11 — trading 33.5% below its estimated fair value. The current Beta is 1.1957. WebRAY Tech Group's overall GF Score™ is 80/100 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 WebRAY Tech Group (SHSE:688651), the current Beta is 1.1957 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 WebRAY Tech Group (SHSE:688651) Overvalued in 2026?
Based on GuruFocus' analysis, WebRAY Tech Group stock appears to be undervalued.
The current stock price of ¥20.11 is trading 33.5% below its estimated GF Value™ of ¥30.24.
GuruFocus considers WebRAY Tech Group to be Possible Value Trap.
Key valuation signals for SHSE:688651:
Beta: 1.1957
GF Value™: ¥30.24 vs. price of ¥20.11 (33.5% below fair value)
No single metric tells the full story. See the SHSE:688651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WebRAY Tech Group Inc is engaged in Research and development, production and sales of network security products. The company is focused on the field of cyberspace security, with the mission of making cyberspace more orderly, providing customers with basic network security, business scene security, and cyberspace map security products and services.
80GF Score
Get the complete analysis for SHSE:688651
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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