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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-21), Nitto Kogyo's Beta is 0.5219.
Nitto Kogyo (TSE:6651) 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)
Nitto Kogyo Beta Related Terms
Nitto Kogyo Beta Historical Data
* Premium members only.
The historical data trend for Nitto Kogyo'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.
For the Electrical Equipment & Parts subindustry, Nitto Kogyo'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.
Nitto Kogyo Beta vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nitto Kogyo's Beta distribution charts can be found below:
* The bar in red indicates where Nitto Kogyo'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.
Nitto Kogyo (TSE:6651) has a Beta of 0.5219 as of Jul. 21, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Nitto Kogyo and its competitors.
Is Nitto Kogyo's Beta too high?
Nitto Kogyo's current Beta is 0.5219. Overall, Nitto Kogyo has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nitto Kogyo's Beta compare to VRT and BE?
Nitto Kogyo's Beta of 0.5219 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 Nitto Kogyo and its competitors. Nitto Kogyo's current Beta is 0.5219. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Kogyo stock overvalued right now?
Based on GuruFocus' analysis, Nitto Kogyo (TSE:6651) is currently considered Fairly Valued. The stock's GF Value™ is 円4,314.22, compared to a current price of 円4,360.00 — trading 1.1% above its estimated fair value. The current Beta is 0.5219. Nitto Kogyo's overall GF Score™ is 94/100 with 1 warning sign 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 Nitto Kogyo (TSE:6651), the current Beta is 0.5219 as of Jul. 21, 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 Nitto Kogyo (TSE:6651) Overvalued in 2026?
Based on GuruFocus' analysis, Nitto Kogyo stock appears to be overvalued.
The current stock price of 円4,360.00 is trading 1.1% above its estimated GF Value™ of 円4,314.22.
GuruFocus considers Nitto Kogyo to be Fairly Valued.
Key valuation signals for TSE:6651:
Beta: 0.5219
GF Value™: 円4,314.22 vs. price of 円4,360.00 (1.1% above fair value)
No single metric tells the full story. See the TSE:6651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitto Kogyo Corp is a Japan-based company which provides a wide range of product materials, such as electric circuit panelboard powered high-pressure equipment, such as information and communications-related materials. It is engaged in manufacture and sales of electric and mechanical equipment such as high-voltage power-receiving equipment, panel boards, home panel boards, charging stations, optical junction boxes, metal enclosures, plastic enclosures, racks, breakers, switches, thermal management products, and so on. The company is also in Power Generation and sales business.
94GF Score
Get the complete analysis for TSE:6651
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