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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-10), Nippon Ceramic Co's Beta is 0.2974.
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)
Nippon Ceramic Co Beta Related Terms
Nippon Ceramic Co Beta Historical Data
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The historical data trend for Nippon Ceramic Co'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 Electronic Components subindustry, Nippon Ceramic 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.
Nippon Ceramic Co Beta vs Hardware Industry
For the Hardware industry and Technology sector, Nippon Ceramic Co's Beta distribution charts can be found below:
* The bar in red indicates where Nippon Ceramic 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.
Nippon Ceramic Co (TSE:6929) has a Beta of 0.2974 as of Aug. 10, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Nippon Ceramic Co and its competitors.
Is Nippon Ceramic Co's Beta too high?
Nippon Ceramic Co's current Beta is 0.2974. Overall, Nippon Ceramic Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Ceramic Co's Beta compare to APH and GLW?
Nippon Ceramic Co's Beta of 0.2974 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 Nippon Ceramic Co and its competitors. Nippon Ceramic Co's current Beta is 0.2974. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Ceramic Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Ceramic Co (TSE:6929) is currently considered Fairly Valued. The stock's GF Value™ is 円3,377.25, compared to a current price of 円3,675.00 — trading 8.8% above its estimated fair value. The current Beta is 0.2974. Nippon Ceramic Co's overall GF Score™ is 92/100 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 Nippon Ceramic Co (TSE:6929), the current Beta is 0.2974 as of Aug. 10, 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 Nippon Ceramic Co (TSE:6929) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Ceramic Co stock appears to be overvalued.
The current stock price of 円3,675.00 is trading 8.8% above its estimated GF Value™ of 円3,377.25.
GuruFocus considers Nippon Ceramic Co to be Fairly Valued.
Key valuation signals for TSE:6929:
Beta: 0.2974
GF Value™: 円3,377.25 vs. price of 円3,675.00 (8.8% above fair value)
No single metric tells the full story. See the TSE:6929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Ceramic Co Ltd is a Japan based company engaged in development, manufacturing and sale of ceramic sensors, ferrite, module and others. Its products are applicable for household equipment and plant facilities; automobiles; home electronics and office automation equipment; and electronics. Its Household equipment & plant faculties include lighting, sensor, security system, fire detection sensor etc. In automobile industry its products are applicable in sensor, DC- DC Converter, charging & discharging battery etc. Its products in home electronics include Microwave, airconditioner and IH cooker. Under electronics industry its products are power supplies, fan motors, inverters.
92GF Score
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