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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-26), MX On's Beta is 0.1756.
MX On (XKRX:347890) 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)
MX On Beta Related Terms
MX On Beta Historical Data
* Premium members only.
The historical data trend for MX On'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.
For the Computer Hardware subindustry, MX On'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.
MX On Beta vs Hardware Industry
For the Hardware industry and Technology sector, MX On's Beta distribution charts can be found below:
* The bar in red indicates where MX On'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.
MX On (XKRX:347890) has a Beta of 0.1756 as of Jul. 26, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for MX On and its competitors.
Is MX On's Beta too high?
MX On's current Beta is 0.1756. Overall, MX On has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MX On's Beta compare to SNDK and DELL?
MX On's Beta of 0.1756 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 MX On and its competitors. MX On's current Beta is 0.1756. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MX On stock overvalued right now?
Based on GuruFocus' analysis, MX On (XKRX:347890) is currently considered Possible Value Trap. The stock's GF Value™ is ₩16,701.31, compared to a current price of ₩4,370.00 — trading 73.8% below its estimated fair value. The current Beta is 0.1756. MX On's overall GF Score™ is 76/100 with 6 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 MX On (XKRX:347890), the current Beta is 0.1756 as of Jul. 26, 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 MX On (XKRX:347890) Overvalued in 2026?
Based on GuruFocus' analysis, MX On stock appears to be undervalued.
The current stock price of ₩4,370.00 is trading 73.8% below its estimated GF Value™ of ₩16,701.31.
GuruFocus considers MX On to be Possible Value Trap.
Key valuation signals for XKRX:347890:
Beta: 0.1756
GF Value™: ₩16,701.31 vs. price of ₩4,370.00 (73.8% below fair value)
No single metric tells the full story. See the XKRX:347890 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MX On Corp, formerly known as M2I Corp, is engaged in the manufacturing and export of HMI systems for industrial automation applications and other applications such as the information service system and building automation system. The company also provides smart SCADA (Supervisory Control And Data Acquisition), and smart factory solutions, which are essential components for building smart factories.
76GF Score
Get the complete analysis for XKRX:347890
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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