Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-24), Neo Performance Materials's Beta is 1.4464.
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 Specialty Chemicals subindustry, Neo Performance Materials'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.
Neo Performance Materials Beta vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Neo Performance Materials's Beta distribution charts can be found below:
* The bar in red indicates where Neo Performance Materials'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.
Neo Performance Materials (TSX:NEO) has a Beta of 1.4464 as of Jun. 24, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Neo Performance Materials and its competitors.
Is Neo Performance Materials' Beta too high?
Neo Performance Materials' current Beta is 1.4464. Overall, Neo Performance Materials has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neo Performance Materials' Beta compare to LIN and SHW?
Neo Performance Materials' Beta of 1.4464 can be compared against companies in the Chemicals 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 Chemicals company?
A good Beta depends on the Chemicals 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 Neo Performance Materials and its competitors. Neo Performance Materials's current Beta is 1.4464. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neo Performance Materials stock overvalued right now?
Based on GuruFocus' analysis, Neo Performance Materials (TSX:NEO) is currently considered Significantly Overvalued. The stock's GF Value™ is C$9.02, compared to a current price of C$35.34 — trading 291.8% above its estimated fair value. The current Beta is 1.4464. Neo Performance Materials' overall GF Score™ is 69/100 with 11 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 Neo Performance Materials (TSX:NEO), the current Beta is 1.4464 as of Jun. 24, 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 Neo Performance Materials (TSX:NEO) Overvalued in 2026?
Based on GuruFocus' analysis, Neo Performance Materials stock appears to be overvalued.
The current stock price of C$35.34 is trading 291.8% above its estimated GF Value™ of C$9.02.
GuruFocus considers Neo Performance Materials to be Significantly Overvalued.
Key valuation signals for TSX:NEO:
Beta: 1.4464
GF Value™: C$9.02 vs. price of C$35.34 (291.8% above fair value)
No single metric tells the full story. See the TSX:NEO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium. Its geographical segments are Asia, North America, Europe, and Others, of which it derives maximum revenue from Asia.
69GF Score
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