Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-09), Ta Jiang Development's Beta is 0.6333.
Ta Jiang Development (TPE:1453) 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 Textile Manufacturing subindustry, Ta Jiang Development'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.
Ta Jiang Development Beta vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ta Jiang Development's Beta distribution charts can be found below:
* The bar in red indicates where Ta Jiang Development'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.
Ta Jiang Development (TPE:1453) has a Beta of 0.6333 as of Jul. 09, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Ta Jiang Development and its competitors.
Is Ta Jiang Development's Beta too high?
Ta Jiang Development's current Beta is 0.6333. Overall, Ta Jiang Development has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ta Jiang Development's Beta compare to competitors?
Ta Jiang Development's Beta of 0.6333 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Beta depends on the Manufacturing - Apparel & Accessories 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 Ta Jiang Development and its competitors. Ta Jiang Development's current Beta is 0.6333. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ta Jiang Development stock overvalued right now?
Based on GuruFocus' analysis, Ta Jiang Development (TPE:1453) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$0.17, compared to a current price of NT$11.20 — trading 6488.2% above its estimated fair value. The current Beta is 0.6333. Ta Jiang Development's overall GF Score™ is 33/100 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 Ta Jiang Development (TPE:1453), the current Beta is 0.6333 as of Jul. 09, 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 Ta Jiang Development (TPE:1453) Overvalued in 2026?
Based on GuruFocus' analysis, Ta Jiang Development stock appears to be overvalued.
The current stock price of NT$11.20 is trading 6488.2% above its estimated GF Value™ of NT$0.17.
GuruFocus considers Ta Jiang Development to be Significantly Overvalued.
Key valuation signals for TPE:1453:
Beta: 0.6333
GF Value™: NT$0.17 vs. price of NT$11.20 (6488.2% above fair value)
No single metric tells the full story. See the TPE:1453 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ta Jiang Development Corp operates in the textile industry. The company is engaged in manufacturing and distributing textile products like yarns, fabrics, and related raw materials and products. The company also operates in the construction and development industry, It is also involved in Investment and construction of public infrastructure projects. The company also manufactures, processing, and trading of woven clothing, knitted clothing, and sweaters.
33GF Score
Get the complete analysis for TPE:1453
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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