Scope Industries Bhd (XKLS:0028) Beta: -0.3695 (As of Jun. 24, 2026)


What is Scope Industries Bhd Beta?

Scope Industries Bhd XKLS:0028 Beta is -0.3695 as of Jun. 24, 2026. The stock has 2 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-24), Scope Industries Bhd's Beta is -0.3695.

Scope Industries Bhd  (XKLS:0028) 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)

Scope Industries Bhd Beta Related Terms

Scope Industries Bhd Beta Historical Data

* Premium members only.

The historical data trend for Scope Industries Bhd'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.

Scope Industries Bhd Beta Chart

Scope Industries Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.75 2.04 1.88 1.12 0.25

Scope Industries Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.45 0.25 0.02 -0.20 -0.27

XKLS:0028 vs APH, GLW, TEL: Beta Comparison

For the Electronic Components subindustry, Scope Industries Bhd'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.

Scope Industries Bhd Beta vs Hardware Industry

For the Hardware industry and Technology sector, Scope Industries Bhd's Beta distribution charts can be found below:

* The bar in red indicates where Scope Industries Bhd's Beta falls into.


Scope Industries Bhd 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.

Frequently Asked Questions Learn more about Beta →
What does a Beta of -0.3695 mean?
Scope Industries Bhd (XKLS:0028) has a Beta of -0.3695 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 Scope Industries Bhd and its competitors.
Is Scope Industries Bhd's Beta too high?
Scope Industries Bhd's current Beta is -0.3695.
How does Scope Industries Bhd's Beta compare to APH and GLW?
Scope Industries Bhd's Beta of -0.3695 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 Scope Industries Bhd and its competitors. Scope Industries Bhd's current Beta is -0.3695. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scope Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Scope Industries Bhd (XKLS:0028) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.02, compared to a current price of RM0.08 — trading 300% above its estimated fair value. The current Beta is -0.3695. 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 Scope Industries Bhd (XKLS:0028), the current Beta is -0.3695 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.

Scope Industries Bhd Business Description

Address Lot 6181, Jalan Perusahaan 2, Kawasan Perindustrian Parit Buntar., Parit Buntar, PRK, MYS, 34200
Scope Industries Bhd operates as an investment holding company. The company is engaged in the manufacturing and assembling of electrical and electronic components and products as well as in the cultivation of oil palms. It operates through the following business segments: Manufacturing Division; Plantation Division and Trading Division. Its Manufacturing Division segment accounts for maximum of the firm's revenue. Geographically, it operates in Malaysia, Hong Kong, Europe, Singapore and Taiwan and derives majority of revenue from Hong Kong.