Techbase Industries Bhd (XKLS:8966) Beta: -0.9042 (As of Jun. 24, 2026)


What is Techbase Industries Bhd Beta?

Techbase Industries Bhd XKLS:8966 -7.69% Beta is -0.9042 as of Jun. 24, 2026. The stock has 3 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), Techbase Industries Bhd's Beta is -0.9042.

Techbase Industries Bhd  (XKLS:8966) 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)

Techbase Industries Bhd Beta Related Terms

Techbase Industries Bhd Beta Historical Data

* Premium members only.

The historical data trend for Techbase 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.

Techbase Industries Bhd Beta Chart

Techbase Industries Bhd Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 0.72 -0.53 -0.79 -0.55

Techbase Industries Bhd Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 -0.20 -0.55 -0.64 -1.05

XKLS:8966 vs RL, LEVI, VFC: Beta Comparison

For the Apparel Manufacturing subindustry, Techbase 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.

Techbase Industries Bhd Beta vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Techbase Industries Bhd's Beta distribution charts can be found below:

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


Techbase 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 -0.9042 mean?
Techbase Industries Bhd (XKLS:8966) has a Beta of -0.9042 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 Techbase Industries Bhd and its competitors.
Is Techbase Industries Bhd's Beta too high?
Techbase Industries Bhd's current Beta is -0.9042.
How does Techbase Industries Bhd's Beta compare to RL and LEVI?
Techbase Industries Bhd's Beta of -0.9042 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Beta depends on the Manufacturing - Apparel & Accessories 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 Techbase Industries Bhd and its competitors. Techbase Industries Bhd's current Beta is -0.9042. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techbase Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Techbase Industries Bhd (XKLS:8966) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.11, compared to a current price of RM0.06 — trading 45.5% below its estimated fair value. The current Beta is -0.9042. 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 Techbase Industries Bhd (XKLS:8966), the current Beta is -0.9042 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.

Techbase Industries Bhd Business Description

Address PTD 94657, Batu 6, Jalan Mersing, Kluang, JHR, MYS, 86000
Techbase Industries Bhd is engaged in Apparel Manufacturing and the Textile industry. Its apparel section includes products such as outerwear, tops, and bottoms, children's and adult wear. The company has four reportable operating segments: Apparel, Textile, Advertising, and Others. The majority of revenue is earned from the apparel segment.