Calculate unlevered beta for stock analysis.
The beta with financial leverage
Corporate tax rate as a percentage
Debt divided by equity
Or enter debt and equity values separately:
Unlevered Beta (βU)
Effective D/E Ratio
Tax Shield Factor
Where βU is unlevered beta, βL is levered beta, and (1 - Tax Rate) represents the tax shield effect.
| Unlevered Beta | Risk Level | Interpretation |
|---|---|---|
| < 0 | Negative Risk | Moves opposite to market |
| 0 - 0.5 | Low Risk | Less volatile than market |
| 0.5 - 1.0 | Moderate Risk | Moderate market sensitivity |
| > 1.0 | High Risk | More volatile than market |
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