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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-09-07), Broadcom's Beta is 1.34.
The historical data trend for Broadcom'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.
Broadcom Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Beta | Get a 7-Day Free Trial |
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0.83 | 0.93 | 0.97 | 1.17 | 1.20 |
Broadcom Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
Beta | Get a 7-Day Free Trial |
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1.14 | 1.20 | 1.23 | 1.31 | 1.34 |
For the Semiconductors subindustry, Broadcom'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 Semiconductors industry and Technology sector, Broadcom's Beta distribution charts can be found below:
* The bar in red indicates where Broadcom'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.
Broadcom (NAS:AVGO) 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 Broadcom's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Kirsten M. Spears | officer: Principal Accounting Officer | 1320 RIDDER PARK, SAN JOSE CA 95131 |
Hock E Tan | director, officer: President and CEO | BROADCOM INC., 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131 |
Eddy W Hartenstein | director | |
Mark David Brazeal | officer: Chief Legal Officer | 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131 |
Charlie B Kawwas | officer: SVP & Chief Sales Officer | C/O AVAGO TECHNOLOGIES U.S. INC., 350 WEST TRIMBLE ROAD, SAN JOSE CA 95131 |
Justine Lien | director | 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131 |
Harry L. You | director | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Check Kian Low | director | 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131 |
Raul J Fernandez | director | 11600 SUNRISE VALLEY DR, RESTON VA 20191 |
Gayla J Delly | director | 3000 TECHNOLOGY DR, ANGLETON TX 77515 |
Diane M Bryant | director | 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054 |
Thomas H. Krause | officer: Chief Financial Officer | 1320 RIDDER PARK, SAN JOSE CA 95131 |
Henry Samueli | director, officer: Chief Technical Officer | 5300 CALIFORNIA AVENUE, IRVINE CA 92617-3038 |
Bryan Ingram | officer: SVP & GM, Wireless Semicon Div | C/O AVAGO TECHNOLOGIES LIMITED, 350 WEST TRIMBLE ROAD, BLDG. 90, SAN JOSE CA 95131 |
Donald Macleod | director |
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