Total
Betas by Sector (for computing private company costs of equity)Data Used: Value Line database, of 5891 firms
Date of Analysis: Data used is as of January 2012
can be obtained by clicking here
on
which companies are included in each industry
| Industry Name | Number of Firms | Unlevered Beta corrected for cash | Correlation with market | Total Beta (Unlevered) |
| Advertising | 31 | 1.75 | 42.80% | 4.09 |
| Aerospace/Defense | 64 | 1.03 | 55.19% | 1.87 |
| Air Transport | 36 | 1.10 | 52.17% | 2.11 |
| Apparel | 57 | 1.22 | 43.14% | 2.83 |
| Auto Parts | 51 | 1.59 | 48.69% | 3.26 |
| Automotive | 12 | 0.96 | 59.90% | 1.60 |
| Bank | 426 | 0.38 | 43.63% | 0.86 |
| Bank (Midwest) | 45 | 0.73 | 55.91% | 1.30 |
| Beverage | 34 | 0.77 | 51.16% | 1.50 |
| Biotechnology | 158 | 1.16 | 32.39% | 3.58 |
| Building Materials | 45 | 0.89 | 44.78% | 1.98 |
| Cable TV | 21 | 0.98 | 58.24% | 1.68 |
| Chemical (Basic) | 16 | 1.24 | 68.89% | 1.80 |
| Chemical (Diversified) | 31 | 1.39 | 58.68% | 2.37 |
| Chemical (Specialty) | 70 | 1.15 | 49.89% | 2.30 |
| Coal | 20 | 1.32 | 76.64% | 1.72 |
| Computer Software | 184 | 1.18 | 46.17% | 2.56 |
| Computers/Peripherals | 87 | 1.33 | 40.19% | 3.32 |
| Diversified Co. | 107 | 0.71 | 52.21% | 1.37 |
| Drug | 279 | 1.08 | 35.54% | 3.03 |
| E-Commerce | 57 | 1.08 | 51.77% | 2.10 |
| Educational Services | 34 | 0.92 | 38.19% | 2.40 |
| Electric Util. (Central) | 21 | 0.48 | 76.35% | 0.63 |
| Electric Utility (East) | 21 | 0.49 | 77.41% | 0.64 |
| Electric Utility (West) | 14 | 0.49 | 77.66% | 0.63 |
| Electrical Equipment | 68 | 1.35 | 53.95% | 2.51 |
| Electronics | 139 | 1.08 | 39.61% | 2.73 |
| Engineering & Const | 25 | 1.39 | 62.05% | 2.24 |
| Entertainment | 77 | 1.31 | 37.82% | 3.48 |
| Entertainment Tech | 40 | 1.48 | 43.13% | 3.43 |
| Environmental | 82 | 0.60 | 38.04% | 1.57 |
| Financial Svcs. (Div.) | 225 | 0.50 | 48.96% | 1.03 |
| Food Processing | 112 | 0.77 | 51.14% | 1.51 |
| Foreign Electronics | 9 | 1.24 | 66.95% | 1.85 |
| Funeral Services | 6 | 0.85 | 57.53% | 1.49 |
| Furn/Home Furnishings | 35 | 1.65 | 45.67% | 3.62 |
| Healthcare Information | 25 | 1.20 | 46.73% | 2.57 |
| Heavy Truck & Equip | 21 | 1.48 | 63.18% | 2.34 |
| Homebuilding | 23 | 1.02 | 57.26% | 1.78 |
| Hotel/Gaming | 51 | 1.28 | 51.15% | 2.51 |
| Household Products | 26 | 0.95 | 58.48% | 1.63 |
| Human Resources | 23 | 1.40 | 46.91% | 2.98 |
| Industrial Services | 137 | 0.81 | 46.37% | 1.75 |
| Information Services | 27 | 0.89 | 59.42% | 1.50 |
| Insurance (Life) | 30 | 1.54 | 59.24% | 2.59 |
| Insurance (Prop/Cas.) | 49 | 1.01 | 63.37% | 1.59 |
| Internet | 186 | 1.24 | 32.02% | 3.86 |
| IT Services | 60 | 1.14 | 53.21% | 2.14 |
| Machinery | 100 | 1.14 | 57.96% | 1.97 |
| Maritime | 52 | 0.58 | 63.51% | 0.91 |
| Med Supp Invasive | 83 | 0.80 | 44.16% | 1.81 |
| Med Supp Non-Invasive | 146 | 1.07 | 44.89% | 2.38 |
| Medical Services | 122 | 0.78 | 43.67% | 1.79 |
| Metal Fabricating | 24 | 1.63 | 53.87% | 3.02 |
| Metals & Mining (Div.) | 73 | 1.28 | 47.60% | 2.68 |
| Natural Gas (Div.) | 29 | 1.06 | 72.65% | 1.46 |
| Natural Gas Utility | 22 | 0.46 | 71.35% | 0.64 |
| Newspaper | 13 | 1.42 | 44.12% | 3.22 |
| Office Equip/Supplies | 24 | 1.04 | 50.87% | 2.05 |
| Oil/Gas Distribution | 13 | 0.65 | 66.43% | 0.98 |
| Oilfield Svcs/Equip. | 93 | 1.39 | 62.19% | 2.23 |
| Packaging & Container | 26 | 0.88 | 65.81% | 1.34 |
| Paper/Forest Products | 32 | 0.96 | 49.04% | 1.96 |
| Petroleum (Integrated) | 20 | 1.12 | 73.15% | 1.53 |
| Petroleum (Producing) | 176 | 1.13 | 52.11% | 2.17 |
| Pharmacy Services | 19 | 1.00 | 52.23% | 1.91 |
| Pipeline MLPs | 27 | 0.72 | 72.28% | 0.99 |
| Power | 93 | 0.65 | 44.25% | 1.46 |
| Precious Metals | 84 | 1.14 | 45.94% | 2.48 |
| Precision Instrument | 77 | 1.33 | 47.29% | 2.81 |
| Property Management | 31 | 0.59 | 48.78% | 1.20 |
| Public/Private Equity | 11 | 1.62 | 60.41% | 2.69 |
| Publishing | 24 | 0.89 | 52.29% | 1.70 |
| R.E.I.T. | 5 | 1.15 | 61.78% | 1.86 |
| Railroad | 12 | 1.24 | 72.62% | 1.71 |
| Recreation | 56 | 1.11 | 48.38% | 2.29 |
| Reinsurance | 13 | 1.05 | 74.36% | 1.42 |
| Restaurant | 63 | 1.19 | 53.54% | 2.23 |
| Retail (Hardlines) | 75 | 1.65 | 44.42% | 3.72 |
| Retail (Softlines) | 47 | 1.57 | 52.59% | 2.99 |
| Retail Automotive | 20 | 1.12 | 64.01% | 1.75 |
| Retail Building Supply | 8 | 0.97 | 69.74% | 1.39 |
| Retail Store | 37 | 1.14 | 54.13% | 2.11 |
| Retail/Wholesale Food | 30 | 0.64 | 57.25% | 1.11 |
| Securities Brokerage | 28 | 0.43 | 66.29% | 0.64 |
| Semiconductor | 141 | 1.69 | 50.75% | 3.33 |
| Semiconductor Equip | 12 | 2.42 | 59.12% | 4.09 |
| Shoe | 19 | 1.38 | 53.61% | 2.57 |
| Steel | 32 | 1.40 | 64.74% | 2.16 |
| Telecom. Equipment | 99 | 1.28 | 41.07% | 3.12 |
| Telecom. Services | 74 | 0.82 | 50.31% | 1.64 |
| Telecom. Utility | 25 | 0.54 | 57.37% | 0.94 |
| Thrift | 148 | 0.75 | 45.04% | 1.66 |
| Tobacco | 11 | 0.78 | 62.49% | 1.25 |
| Toiletries/Cosmetics | 15 | 1.20 | 51.00% | 2.35 |
| Trucking | 36 | 1.08 | 56.07% | 1.93 |
| Utility (Foreign) | 4 | 0.48 | 72.78% | 0.66 |
| Water Utility | 11 | 0.43 | 78.38% | 0.55 |
| Wireless Networking | 57 | 1.12 | 49.17% | 2.28 |
| Total Market | 5891 | 0.92 | 48.91% | 1.89 |