Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), Hua Eng Wire & Cable Co's Beta is 0.2980.
Hua Eng Wire & Cable Co (TPE:1608) 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, Hua Eng Wire & Cable 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.
Hua Eng Wire & Cable Co Beta vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hua Eng Wire & Cable Co's Beta distribution charts can be found below:
* The bar in red indicates where Hua Eng Wire & Cable 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.
Hua Eng Wire & Cable Co (TPE:1608) has a Beta of 0.2980 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 Hua Eng Wire & Cable Co and its competitors.
Is Hua Eng Wire & Cable Co's Beta too high?
Hua Eng Wire & Cable Co's current Beta is 0.2980. Overall, Hua Eng Wire & Cable Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hua Eng Wire & Cable Co's Beta compare to VRT and BE?
Hua Eng Wire & Cable Co's Beta of 0.2980 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 Hua Eng Wire & Cable Co and its competitors. Hua Eng Wire & Cable Co's current Beta is 0.2980. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hua Eng Wire & Cable Co stock overvalued right now?
Based on GuruFocus' analysis, Hua Eng Wire & Cable Co (TPE:1608) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$26.52, compared to a current price of NT$34.00 — trading 28.2% above its estimated fair value. The current Beta is 0.2980. Hua Eng Wire & Cable Co's overall GF Score™ is 79/100 with 2 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 Hua Eng Wire & Cable Co (TPE:1608), the current Beta is 0.2980 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 Hua Eng Wire & Cable Co (TPE:1608) Overvalued in 2026?
Based on GuruFocus' analysis, Hua Eng Wire & Cable Co stock appears to be overvalued.
The current stock price of NT$34.00 is trading 28.2% above its estimated GF Value™ of NT$26.52.
GuruFocus considers Hua Eng Wire & Cable Co to be Modestly Overvalued.
Key valuation signals for TPE:1608:
Beta: 0.2980
GF Value™: NT$26.52 vs. price of NT$34.00 (28.2% above fair value)
No single metric tells the full story. See the TPE:1608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hua Eng Wire & Cable Co Ltd is engaged in the processing, manufacture, sale and construction of wire, cable and copper products. The company operates through three segments: Wire, Cable, and Copper. The Wire segment is responsible for producing oxygen-free copper wire and related products. The Cable segment, on the other hand, focuses on producing power cables, communication cables, and optical fiber cables. The company's Copper segment is engaged in producing copper plate. The company's other reportable segments are mainly involved in project contracting and material trading. The Cable segment generates the majority of the company's revenue. Geographically the company generates revenue from Taiwan, which contributes key revenue, Mainland China, and Others.
79GF Score
Get the complete analysis for TPE:1608
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:1608 has been successfully added to your 
