Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), Fortune Electric Co's Beta is 1.2684.
Fortune Electric Co (TPE:1519) 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 Electrical Equipment & Parts subindustry, Fortune Electric 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.
Fortune Electric Co Beta vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fortune Electric Co's Beta distribution charts can be found below:
* The bar in red indicates where Fortune Electric 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.
Fortune Electric Co (TPE:1519) has a Beta of 1.2684 as of Jun. 26, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Fortune Electric Co and its competitors.
Is Fortune Electric Co's Beta too high?
Fortune Electric Co's current Beta is 1.2684. Overall, Fortune Electric Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fortune Electric Co's Beta compare to VRT and BE?
Fortune Electric Co's Beta of 1.2684 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Beta depends on the Industrial Products 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 Fortune Electric Co and its competitors. Fortune Electric Co's current Beta is 1.2684. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortune Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Fortune Electric Co (TPE:1519) is currently considered Fairly Valued. The stock's GF Value™ is NT$739.42, compared to a current price of NT$808.00 — trading 9.3% above its estimated fair value. The current Beta is 1.2684. Fortune Electric Co's overall GF Score™ is 94/100. 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 Fortune Electric Co (TPE:1519), the current Beta is 1.2684 as of Jun. 26, 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 Fortune Electric Co (TPE:1519) Overvalued in 2026?
Based on GuruFocus' analysis, Fortune Electric Co stock appears to be overvalued.
The current stock price of NT$808.00 is trading 9.3% above its estimated GF Value™ of NT$739.42.
GuruFocus considers Fortune Electric Co to be Fairly Valued.
Key valuation signals for TPE:1519:
Beta: 1.2684
GF Value™: NT$739.42 vs. price of NT$808.00 (9.3% above fair value)
No single metric tells the full story. See the TPE:1519 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortune Electric Co Ltd manufactures, processes and trades transformers, distribution panels, low voltage switches and substation equipment. Its products include Power Transformer, Distribution Transformer, Cast Resin Transformer, Amorphous Metal Core Transformer, Metal-Clad Switchgear, Gas Insulated Switch, Switchgear Panel, Motor Control Center, and Transmission And Distribution Apparatus. Its segments are Electrical Department and Turnkey Department. The electrical department manufactures, processes and trades transformers, distributors, low pressure switches and substation equipment; and the turnkey department mainly engages in engineering contracts. The electrical department segment derives majority of the revenue. Geographically it operates in North America, Taiwan, Asia, and Others.
94GF Score
Get the complete analysis for TPE:1519
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:1519 has been successfully added to your 
