Codan (STU:UL4) Beta: N/A (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:UL4 Codan Ltd STU:UL4
66 GF Score
Price €23.40
GF Value €12.94
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Codan Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-03), Codan's Beta is Not available.

Codan  (STU:UL4) 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)

Codan Beta Related Terms

Codan Beta Historical Data

* Premium members only.

The historical data trend for Codan'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.

Codan Beta Chart

Codan Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Codan Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
STU:UL4
66GF Score
Codan Ltd STU:UL4
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Codan 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.

Is Codan (STU:UL4) Overvalued in 2026?

Based on GuruFocus' analysis, Codan stock appears to be overvalued. The current stock price of €23.40 is trading 80.8% above its estimated GF Value™ of €12.94. GuruFocus considers Codan to be Significantly Overvalued.

Key valuation signals for STU:UL4:

  • Beta: N/A
  • GF Value™: €12.94 vs. price of €23.40 (80.8% above fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the STU:UL4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Codan Business Description

Other Exchanges CDA:Australia
Address Technology Park, 2 Second Avenue, Mawson Lakes, Adelaide, SA, AUS, 5095
Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.
66GF Score

Get the complete analysis for STU:UL4

Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€23.40
Price
€12.94
GF Value