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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-02), Turning Point Brands's Beta is 0.61.
The historical data trend for Turning Point Brands'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.
Turning Point Brands Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Beta | Get a 7-Day Free Trial | 0.68 | 0.60 | 0.36 | 0.40 | 0.58 |
Turning Point Brands Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Beta | Get a 7-Day Free Trial | 0.40 | 0.35 | 0.33 | 0.29 | 0.58 |
For the Tobacco subindustry, Turning Point Brands'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.
For the Tobacco Products industry and Consumer Defensive sector, Turning Point Brands's Beta distribution charts can be found below:
* The bar in red indicates where Turning Point Brands'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.
Turning Point Brands (NYSE:TPB) 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)
Thank you for viewing the detailed overview of Turning Point Brands's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen Usher | director | 5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
David Edward Glazek | director, officer: Executive Chairman | 767 FIFTH AVENUE 12TH FL, NEW YORK NY 10153 |
Graham Purdy | officer: President & CEO | 12442 POPLAR WOOD DRIVE, GOSHEN KY 40026 |
Brittani Cushman | officer: Sr VP, General Counsel | 5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
Luis Reformina | officer: Sr VP, CFO | 5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
Rohith Reddy | director | 5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
Zimmerman Arnold | director | 925 PARK AVE, 2A, NEW YORK NY 10028 |
Assia Grazioli-venier | director | C/O MARQUEE RAINE ACQUISITION CORP., 65 EAST 55TH STREET, 24TH FLOOR, NEW YORK NY 10022 |
Ashley Davis Frushone | director | 5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
Diao H.c. Charles | director | 1775 TYSONS BOULEVARD, TYSONS VA 22102 |
Standard General L.p. | 10 percent owner | 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153 |
Yavor Efremov | director | 1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK TX 72202 |
Lawrence Wexler | director, officer: President and CEO | 393 CARTER STREET, NEW CANAAN CT 06840 |
Standard Diversified Inc. | 10 percent owner | 767 5TH AVENUE, 12TH FLOOR, NEW YORK NY 10153 |
Robert M. Lavan | officer: SVP and CFO | 5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
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