Unlevered Beta Calculator
Investing & MarketsCalculate a companys unlevered (asset) beta by removing the effect of its debt, using the Hamada equation.
Unlevered Beta
The stocks beta with the effect of financial leverage removed (the Hamada equation).
Implied Tax Rate
20.00%
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Creators
Odeh Ahwal0people find this calculator helpful
Views
Helpful
Saved
Embeds
Investing & Markets calculators
Frequently Asked Questions
What is the Hamada equation?
The Hamada equation strips the effect of debt out of a companys observed (levered) beta: Unlevered Beta = Levered Beta / (1 + (1 - Tax Rate) x (Debt / Equity)). The result reflects only business risk, not financing risk.
Why would I want a companys unlevered beta?
Unlevered beta lets you compare the pure business risk of companies with very different capital structures, or re-lever it using a target companys own debt-to-equity ratio for valuation.
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