Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-07), Global Lighting Technologies's Beta is -0.2293.
Global Lighting Technologies (TPE:4935) 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 Electronic Components subindustry, Global Lighting Technologies'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.
Global Lighting Technologies Beta vs Hardware Industry
For the Hardware industry and Technology sector, Global Lighting Technologies's Beta distribution charts can be found below:
* The bar in red indicates where Global Lighting Technologies'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.
Global Lighting Technologies (TPE:4935) has a Beta of -0.2293 as of Jul. 07, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Global Lighting Technologies and its competitors.
Is Global Lighting Technologies' Beta too high?
Global Lighting Technologies' current Beta is -0.2293. Overall, Global Lighting Technologies has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Lighting Technologies' Beta compare to APH and GLW?
Global Lighting Technologies' Beta of -0.2293 can be compared against companies in the Hardware 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 Hardware company?
A good Beta depends on the Hardware 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 Global Lighting Technologies and its competitors. Global Lighting Technologies's current Beta is -0.2293. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Lighting Technologies stock overvalued right now?
Based on GuruFocus' analysis, Global Lighting Technologies (TPE:4935) is currently considered Fairly Valued. The stock's GF Value™ is NT$35.31, compared to a current price of NT$36.90 — trading 4.5% above its estimated fair value. The current Beta is -0.2293. Global Lighting Technologies' overall GF Score™ is 76/100 with 7 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 Global Lighting Technologies (TPE:4935), the current Beta is -0.2293 as of Jul. 07, 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 Global Lighting Technologies (TPE:4935) Overvalued in 2026?
Based on GuruFocus' analysis, Global Lighting Technologies stock appears to be overvalued.
The current stock price of NT$36.90 is trading 4.5% above its estimated GF Value™ of NT$35.31.
GuruFocus considers Global Lighting Technologies to be Fairly Valued.
Key valuation signals for TPE:4935:
Beta: -0.2293
GF Value™: NT$35.31 vs. price of NT$36.90 (4.5% above fair value)
No single metric tells the full story. See the TPE:4935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Lighting Technologies Inc is engaged in the design, manufacturing, and sales of applications of light guide plates, the development of optical molds, and the manufacturing and sales of plastic components. The company has two reportable segments: the Department of light guide plates applications, which derives key revenue, provides the service of manufacturing and sales of related application products such as light guide plates; and the Department of plastic components, which provides the service of design, manufacturing, and sales of plastic components. Geographically, the company operates in Asia, America, and other regions, out of which it earns maximum revenue from Asia.
76GF Score
Get the complete analysis for TPE:4935
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:4935 has been successfully added to your 
