Termovent SC livnica celika a.d. Backa Topola (XBEL:TLVC) Beta: N/A (As of Jun. 25, 2026)


XBEL:TLVC Termovent SC livnica celika a.d. Backa Topola XBEL:TLVC
26 GF Score
Price RSD2,400.00
! 1 Warning Sign
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What is Termovent SC livnica celika a.d. Backa Topola Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-25), Termovent SC livnica celika a.d. Backa Topola's Beta is Not available.

Termovent SC livnica celika a.d. Backa Topola  (XBEL:TLVC) 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)

Termovent SC livnica celika a.d. Backa Topola Beta Related Terms

Termovent SC livnica celika a.d. Backa Topola Beta Historical Data

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The historical data trend for Termovent SC livnica celika a.d. Backa Topola'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.

Termovent SC livnica celika a.d. Backa Topola Beta Chart

Termovent SC livnica celika a.d. Backa Topola Annual Data
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Termovent SC livnica celika a.d. Backa Topola Semi-Annual Data
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XBEL:TLVC
26GF Score
Termovent SC livnica celika a.d. Backa Topola XBEL:TLVC
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Termovent SC livnica celika a.d. Backa Topola 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.

Termovent SC livnica celika a.d. Backa Topola Business Description

Address Industrial Zone Bb, Backa Topola, SRB, 24300
Termovent SC livnica celika a.d. Backa Topola manufactures casting steel and alloyed steel products. The company products are used in thermal power plants, machinery manufacturing, the cement industry, the building materials industry, railways, and in the manufacture of reinforcing. Its products include pump housing, impellers, valve body, valve bonnet, hammers, teeth holders, snails, and other products.
26GF Score

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Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RSD2,400.00
Price