🧮 Unlevered Beta Calculator
Remove financial leverage from beta
How to Use This Calculator
1
Enter βL, D, E
Use market values for debt and equity.
2
Enter tax rate
Use marginal corporate tax rate.
3
Calculate
We remove the effect of leverage from beta.
Formula
βU = βL ÷ [1 + (1 − T) × (D/E)]
Frequently Asked Questions
What if equity is zero?
βU is undefined; equity must be positive to compute D/E.
How to re-lever beta?
βL = βU × [1 + (1 − T) × (D/E)].