Iconic Worldwide Bhd (XKLS:9113) Beta: -0.2457 (As of Jul. 01, 2026)


What is Iconic Worldwide Bhd Beta?

Iconic Worldwide Bhd XKLS:9113 Beta is -0.2457 as of Jul. 01, 2026. The stock has 5 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-01), Iconic Worldwide Bhd's Beta is -0.2457.

Iconic Worldwide Bhd  (XKLS:9113) 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)

Iconic Worldwide Bhd Beta Related Terms

Iconic Worldwide Bhd Beta Historical Data

* Premium members only.

The historical data trend for Iconic Worldwide 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.

Iconic Worldwide Bhd Beta Chart

Iconic Worldwide Bhd Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Jun24 Jun25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.00 1.04 0.92 0.38

Iconic Worldwide Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 0.71 0.38 -0.37 -0.48 -0.29

XKLS:9113 vs ISRG, BDX, MDLN: Beta Comparison

For the Medical Instruments & Supplies subindustry, Iconic Worldwide 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.

Iconic Worldwide Bhd Beta vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Iconic Worldwide Bhd's Beta distribution charts can be found below:

* The bar in red indicates where Iconic Worldwide Bhd's Beta falls into.


Iconic Worldwide 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 -0.2457 mean?
Iconic Worldwide Bhd (XKLS:9113) has a Beta of -0.2457 as of Jul. 01, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Iconic Worldwide Bhd and its competitors.
Is Iconic Worldwide Bhd's Beta too high?
Iconic Worldwide Bhd's current Beta is -0.2457.
How does Iconic Worldwide Bhd's Beta compare to ISRG and BDX?
Iconic Worldwide Bhd's Beta of -0.2457 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Beta depends on the Medical Devices & Instruments 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 Iconic Worldwide Bhd and its competitors. Iconic Worldwide Bhd's current Beta is -0.2457. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iconic Worldwide Bhd stock overvalued right now?
Based on GuruFocus' analysis, Iconic Worldwide Bhd (XKLS:9113) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.04, compared to a current price of RM0.07 — trading 62.5% above its estimated fair value. The current Beta is -0.2457. 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 Iconic Worldwide Bhd (XKLS:9113), the current Beta is -0.2457 as of Jul. 01, 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.

Iconic Worldwide Bhd Business Description

Address No 1-2, Jalan Icon City, Icon City, Bukit Mertajam, PNG, MYS, 14000
Iconic Worldwide Bhd is an investment holding company. The company is involved in tourism and property businesses. The company is organized into the following reportable segments: Property development including construction and sale of commercial properties which generates maximum revenue for the company; Manufacturing segment involved in the manufacturing of personal protective equipment, mainly disposable face masks and gloves; Hospitality services engaged in the provision of tours and ticketing services, transportation services, hospitality services and trading of souvenirs, and other tourism-related products; and Others segment comprises investment holding, trading, warehousing, mobile crane services, timber log trading, sawmilling and manufacturing of downstream timber products.