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Kyoei Tanker Co (TSE:9130) Beta : 0.90 (As of Apr. 03, 2025)


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What is Kyoei Tanker Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-04-03), Kyoei Tanker Co's Beta is 0.90.


Kyoei Tanker Co Beta Historical Data

The historical data trend for Kyoei Tanker 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.

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Kyoei Tanker Co Beta Chart

Kyoei Tanker Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.66 0.64 0.75 0.74

Kyoei Tanker Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.68 0.63 0.54 0.74 0.84

Competitive Comparison of Kyoei Tanker Co's Beta

For the Marine Shipping subindustry, Kyoei Tanker 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.


Kyoei Tanker Co's Beta Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kyoei Tanker Co's Beta distribution charts can be found below:

* The bar in red indicates where Kyoei Tanker Co's Beta falls into.


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Kyoei Tanker Co Beta Calculation

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.


Kyoei Tanker Co  (TSE:9130) 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)


Kyoei Tanker Co Beta Related Terms

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Kyoei Tanker Co Business Description

Traded in Other Exchanges
N/A
Address
3-2-6 Mita, Minato-ku, G Square Mita 4th floor, Tokyo, JPN, 108-0073
Kyoei Tanker Co Ltd is a Japan-based company engages in the shipping business. It provides shipping, shipping agency, and brokerage, seamen's dispatch, warehousing, and non-life insurance agency services, as well as real estate, building lease, and estate agency services. It is also engaged in lending, guarantee and investment related activities.

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