Betas
by Sector
Data Used: Value Line database, of 6870 firms
Date of Analysis: Data used is as of January 2009
can be obtained by clicking here
on
which companies are included in each industry
Betas
by SectorData Used: Value Line database, of 6870 firms
Date of Analysis: Data used is as of January 2009
can be obtained by clicking here
on
which companies are included in each industry
| Industry Name | Number of Firms | Average Beta | Market D/E Ratio | Tax Rate | Unlevered Beta | Cash/Firm Value | Unlevered Beta corrected for cash |
| Advertising | 30 | 1.43 | 126.31% | 18.90% | 0.71 | 18.50% | 0.87 |
| Aerospace/Defense | 66 | 1.27 | 27.21% | 24.10% | 1.06 | 11.65% | 1.20 |
| Air Transport | 44 | 1.15 | 78.21% | 23.00% | 0.72 | 16.66% | 0.86 |
| Apparel | 53 | 1.14 | 44.32% | 17.21% | 0.83 | 10.44% | 0.93 |
| Auto & Truck | 20 | 1.49 | 183.75% | 24.36% | 0.62 | 17.82% | 0.76 |
| Auto Parts | 54 | 1.56 | 94.19% | 19.61% | 0.89 | 19.54% | 1.10 |
| Bank | 477 | 0.71 | 91.52% | 25.91% | 0.43 | 9.32% | 0.47 |
| Bank (Canadian) | 8 | 0.86 | 10.36% | 15.08% | 0.79 | 4.60% | 0.83 |
| Bank (Midwest) | 39 | 0.91 | 68.98% | 26.81% | 0.60 | 9.10% | 0.66 |
| Beverage | 41 | 0.95 | 19.02% | 16.46% | 0.82 | 3.25% | 0.85 |
| Biotechnology | 108 | 1.25 | 9.98% | 3.59% | 1.14 | 10.62% | 1.27 |
| Building Materials | 52 | 1.39 | 103.11% | 18.44% | 0.76 | 5.88% | 0.80 |
| Cable TV | 25 | 1.56 | 88.77% | 22.97% | 0.92 | 2.80% | 0.95 |
| Canadian Energy | 12 | 1.22 | 35.70% | 27.82% | 0.97 | 1.82% | 0.99 |
| Chemical (Basic) | 19 | 1.26 | 29.11% | 19.29% | 1.02 | 7.52% | 1.10 |
| Chemical (Diversified) | 33 | 1.21 | 26.70% | 25.47% | 1.01 | 7.86% | 1.10 |
| Chemical (Specialty) | 88 | 1.18 | 35.74% | 18.99% | 0.92 | 5.81% | 0.98 |
| Coal | 18 | 1.98 | 48.02% | 10.52% | 1.39 | 3.13% | 1.43 |
| Computer Software/Svcs | 322 | 1.22 | 7.77% | 12.65% | 1.15 | 13.87% | 1.33 |
| Computers/Peripherals | 125 | 1.29 | 18.36% | 9.90% | 1.11 | 19.90% | 1.39 |
| Diversified Co. | 113 | 1.25 | 160.98% | 20.23% | 0.55 | 9.62% | 0.60 |
| Drug | 342 | 1.16 | 14.51% | 5.96% | 1.02 | 10.70% | 1.14 |
| E-Commerce | 54 | 1.50 | 11.43% | 13.09% | 1.36 | 22.76% | 1.76 |
| Educational Services | 34 | 0.84 | 2.22% | 20.80% | 0.82 | 7.63% | 0.89 |
| Electric Util. (Central) | 24 | 0.82 | 107.83% | 33.02% | 0.48 | 2.36% | 0.49 |
| Electric Utility (East) | 26 | 0.74 | 73.30% | 32.09% | 0.50 | 1.36% | 0.50 |
| Electric Utility (West) | 16 | 0.79 | 90.70% | 30.47% | 0.48 | 2.81% | 0.50 |
| Electrical Equipment | 83 | 1.37 | 23.53% | 14.23% | 1.14 | 9.31% | 1.26 |
| Electronics | 173 | 1.31 | 45.62% | 11.87% | 0.94 | 24.12% | 1.23 |
| Entertainment | 84 | 1.66 | 79.23% | 17.17% | 1.00 | 7.87% | 1.09 |
| Entertainment Tech | 33 | 1.45 | 11.54% | 13.67% | 1.31 | 43.50% | 2.33 |
| Environmental | 79 | 1.11 | 49.86% | 15.45% | 0.78 | 2.26% | 0.80 |
| Financial Svcs. (Div.) | 296 | 1.27 | 261.38% | 17.93% | 0.40 | 9.97% | 0.45 |
| Food Processing | 109 | 0.80 | 35.15% | 21.67% | 0.63 | 3.31% | 0.65 |
| Food Wholesalers | 18 | 0.73 | 59.50% | 27.39% | 0.51 | 5.66% | 0.54 |
| Foreign Electronics | 10 | 1.18 | 42.29% | 37.04% | 0.94 | 33.20% | 1.40 |
| Furn/Home Furnishings | 34 | 1.29 | 65.75% | 23.99% | 0.86 | 8.42% | 0.94 |
| Grocery | 14 | 0.84 | 13.91% | 32.96% | 0.77 | 1.19% | 0.78 |
| Healthcare Information | 29 | 1.05 | 19.87% | 16.47% | 0.90 | 13.72% | 1.04 |
| Heavy Construction | 14 | 1.48 | 9.49% | 34.26% | 1.40 | 19.62% | 1.74 |
| Homebuilding | 32 | 1.36 | 162.15% | 6.13% | 0.54 | 17.07% | 0.65 |
| Hotel/Gaming | 68 | 1.70 | 142.62% | 17.97% | 0.78 | 6.66% | 0.84 |
| Household Products | 26 | 1.08 | 23.21% | 29.87% | 0.93 | 2.36% | 0.95 |
| Human Resources | 31 | 1.44 | 18.42% | 29.77% | 1.28 | 20.47% | 1.61 |
| Industrial Services | 167 | 1.20 | 43.98% | 19.26% | 0.88 | 10.12% | 0.98 |
| Information Services | 34 | 1.22 | 21.88% | 20.44% | 1.04 | 16.64% | 1.24 |
| Insurance (Life) | 35 | 1.17 | 21.71% | 25.86% | 1.01 | 20.42% | 1.27 |
| Insurance (Prop/Cas.) | 78 | 0.91 | 1.89% | 20.26% | 0.90 | 2.22% | 0.92 |
| Internet | 208 | 1.41 | 4.07% | 7.50% | 1.36 | 18.01% | 1.66 |
| Investment Co. | 17 | 0.83 | 14.84% | 0.00% | 0.72 | 20.10% | 0.90 |
| Investment Co.(Foreign) | 16 | 1.31 | 5.16% | 2.11% | 1.24 | 8.72% | 1.36 |
| Machinery | 124 | 1.39 | 55.77% | 22.71% | 0.97 | 10.40% | 1.08 |
| Manuf. Housing/RV | 18 | 1.32 | 50.13% | 14.98% | 0.92 | 32.93% | 1.38 |
| Maritime | 56 | 1.30 | 185.73% | 7.08% | 0.48 | 7.94% | 0.52 |
| Medical Services | 160 | 1.10 | 54.66% | 18.36% | 0.76 | 15.06% | 0.90 |
| Medical Supplies | 252 | 1.17 | 13.28% | 12.51% | 1.05 | 7.61% | 1.13 |
| Metal Fabricating | 35 | 1.56 | 25.44% | 20.43% | 1.29 | 16.61% | 1.55 |
| Metals & Mining (Div.) | 78 | 1.69 | 21.94% | 9.29% | 1.41 | 5.10% | 1.48 |
| Natural Gas (Div.) | 34 | 1.20 | 58.57% | 24.19% | 0.83 | 2.26% | 0.85 |
| Natural Gas Utility | 25 | 0.69 | 85.33% | 24.52% | 0.42 | 2.20% | 0.43 |
| Newspaper | 16 | 1.16 | 86.43% | 23.53% | 0.70 | 2.94% | 0.72 |
| Office Equip/Supplies | 26 | 1.11 | 60.35% | 22.76% | 0.76 | 9.73% | 0.84 |
| Oil/Gas Distribution | 19 | 0.89 | 81.95% | 9.48% | 0.51 | 2.27% | 0.53 |
| Oilfield Svcs/Equip. | 112 | 1.56 | 42.35% | 22.07% | 1.17 | 7.56% | 1.27 |
| Packaging & Container | 33 | 1.27 | 84.83% | 24.65% | 0.77 | 5.19% | 0.81 |
| Paper/Forest Products | 38 | 1.20 | 118.10% | 13.66% | 0.60 | 6.15% | 0.64 |
| Petroleum (Integrated) | 25 | 1.34 | 14.67% | 33.79% | 1.22 | 6.00% | 1.30 |
| Petroleum (Producing) | 188 | 1.24 | 37.57% | 13.98% | 0.94 | 2.85% | 0.97 |
| Pharmacy Services | 19 | 0.94 | 23.50% | 21.13% | 0.79 | 2.38% | 0.81 |
| Power | 66 | 1.63 | 107.88% | 6.25% | 0.81 | 14.62% | 0.95 |
| Precious Metals | 75 | 1.41 | 11.77% | 5.94% | 1.27 | 7.13% | 1.37 |
| Precision Instrument | 90 | 1.47 | 22.65% | 14.38% | 1.23 | 22.69% | 1.59 |
| Property Management | 17 | 1.38 | 282.91% | 19.27% | 0.42 | 9.70% | 0.46 |
| Publishing | 27 | 1.24 | 137.13% | 20.73% | 0.59 | 3.74% | 0.62 |
| R.E.I.T. | 144 | 1.35 | 53.19% | 1.21% | 0.88 | 4.13% | 0.92 |
| Railroad | 15 | 1.25 | 41.53% | 30.62% | 0.97 | 2.38% | 0.99 |
| Recreation | 64 | 1.41 | 62.58% | 19.12% | 0.94 | 7.32% | 1.01 |
| Reinsurance | 11 | 0.91 | 11.37% | 8.87% | 0.82 | 17.91% | 1.00 |
| Restaurant | 68 | 1.26 | 24.97% | 20.10% | 1.05 | 3.28% | 1.09 |
| Retail (Special Lines) | 155 | 1.26 | 26.07% | 23.08% | 1.05 | 14.13% | 1.22 |
| Retail Automotive | 16 | 1.31 | 66.88% | 34.23% | 0.91 | 2.13% | 0.93 |
| Retail Building Supply | 8 | 1.01 | 26.35% | 28.12% | 0.85 | 1.09% | 0.86 |
| Retail Store | 38 | 1.01 | 30.29% | 25.68% | 0.82 | 4.79% | 0.86 |
| Securities Brokerage | 32 | 1.37 | 462.27% | 22.16% | 0.30 | 19.25% | 0.37 |
| Semiconductor | 122 | 1.81 | 13.32% | 10.48% | 1.62 | 23.52% | 2.11 |
| Semiconductor Equip | 16 | 1.78 | 13.62% | 22.03% | 1.61 | 27.00% | 2.20 |
| Shoe | 19 | 1.23 | 3.66% | 30.35% | 1.20 | 13.98% | 1.39 |
| Steel (General) | 20 | 1.71 | 32.18% | 29.15% | 1.39 | 9.06% | 1.53 |
| Steel (Integrated) | 14 | 1.96 | 64.96% | 29.90% | 1.34 | 12.42% | 1.54 |
| Telecom. Equipment | 110 | 1.49 | 12.71% | 12.08% | 1.34 | 28.43% | 1.87 |
| Telecom. Services | 140 | 1.43 | 51.32% | 15.90% | 1.00 | 5.73% | 1.06 |
| Thrift | 234 | 0.66 | 9.71% | 17.04% | 0.61 | 11.49% | 0.69 |
| Tobacco | 12 | 0.71 | 8.84% | 20.25% | 0.67 | 3.10% | 0.69 |
| Toiletries/Cosmetics | 23 | 0.95 | 38.50% | 23.28% | 0.74 | 7.15% | 0.79 |
| Trucking | 33 | 1.17 | 126.80% | 33.19% | 0.63 | 4.98% | 0.66 |
| Utility (Foreign) | 5 | 1.23 | 62.82% | 15.01% | 0.80 | 5.51% | 0.85 |
| Water Utility | 16 | 0.86 | 82.79% | 35.46% | 0.56 | 0.87% | 0.57 |
| Wireless Networking | 57 | 1.54 | 36.37% | 14.08% | 1.17 | 8.39% | 1.28 |
| Public/Private Equity | 10 | 2.08 | 391.15% | 6.70% | 0.45 | 7.49% | 0.48 |
| Funeral Services | 6 | 1.41 | 67.25% | 33.26% | 0.97 | 4.84% | 1.02 |
| Grand Total | 6870 | 1.19 | 48.81% | 16.67% | 0.84 | 9.28% | 0.93 |