Value Multiples by Sector

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 EV/EBITDA EV/EBIT EV/EBIT(1-t)
Advertising 31 7.90 11.09 15.30
Aerospace/Defense 64 7.41 9.14 12.69
Air Transport 36 12.91 20.22 25.87
Apparel 57 8.65 10.83 15.64
Auto Parts 51 6.19 9.05 11.79
Automotive 12 5.81 10.40 14.70
Bank 426 4.37 4.37 5.41
Bank (Midwest) 45 4.57 4.57 5.79
Beverage 34 12.04 14.80 19.41
Biotechnology 158 NA NA NA
Building Materials 45 10.99 29.23 38.63
Cable TV 21 6.25 11.27 17.75
Chemical (Basic) 16 8.90 12.60 15.94
Chemical (Diversified) 31 8.95 12.28 17.43
Chemical (Specialty) 70 9.84 14.06 19.83
Coal 20 7.34 11.14 14.16
Computer Software 184 8.64 9.81 12.49
Computers/Peripherals 87 8.11 9.85 12.88
Diversified Co. 107 11.37 14.99 17.95
Drug 279 9.35 13.02 16.82
E-Commerce 57 22.08 31.60 41.83
Educational Services 34 4.62 5.47 8.81
Electric Util. (Central) 21 7.88 12.76 19.52
Electric Utility (East) 21 8.56 13.14 19.86
Electric Utility (West) 14 7.56 13.03 19.23
Electrical Equipment 68 9.12 11.68 15.49
Electronics 139 5.82 7.84 10.49
Engineering & Const 25 7.36 9.76 13.75
Entertainment 77 8.03 10.67 15.54
Entertainment Tech 40 11.63 17.81 20.65
Environmental 82 8.77 13.58 21.81
Financial Svcs. (Div.) 225 14.36 15.33 19.70
Food Processing 112 9.54 11.93 16.60
Foreign Electronics 9 3.48 7.03 11.48
Funeral Services 6 9.13 11.86 18.89
Furn/Home Furnishings 35 9.68 14.31 20.09
Healthcare Information 25 20.77 31.55 50.01
Heavy Truck & Equip 21 10.54 14.65 20.15
Homebuilding 23 NA NA NA
Hotel/Gaming 51 12.46 20.51 25.52
Household Products 26 10.72 12.69 17.24
Human Resources 23 9.98 14.92 24.15
Industrial Services 137 NA NA NA
Information Services 27 10.55 15.23 19.54
Insurance (Life) 30 1.32 1.32 1.75
Insurance (Prop/Cas.) 49 95.56 96.01 120.26
Internet 186 17.06 21.41 26.80
IT Services 60 9.75 12.15 16.99
Machinery 100 9.08 12.41 16.69
Maritime 52 9.63 18.14 19.62
Med Supp Invasive 83 9.06 11.36 14.60
Med Supp Non-Invasive 146 9.23 11.34 15.26
Medical Services 122 5.16 6.15 9.24
Metal Fabricating 24 8.91 11.06 15.32
Metals & Mining (Div.) 73 6.35 7.83 11.30
Natural Gas (Div.) 29 6.27 11.63 19.24
Natural Gas Utility 22 8.06 11.36 16.96
Newspaper 13 6.50 8.99 14.54
Office Equip/Supplies 24 5.71 8.25 11.96
Oil/Gas Distribution 13 12.59 19.28 24.59
Oilfield Svcs/Equip. 93 9.87 15.78 21.13
Packaging & Container 26 7.18 10.51 15.15
Paper/Forest Products 32 5.46 8.83 10.79
Petroleum (Integrated) 20 5.89 8.87 15.32
Petroleum (Producing) 176 5.58 8.53 11.50
Pharmacy Services 19 8.20 10.28 16.72
Pipeline MLPs 27 15.03 21.96 22.64
Power 93 6.63 10.17 13.59
Precious Metals 84 11.52 16.00 22.18
Precision Instrument 77 10.25 15.30 18.68
Property Management 31 13.00 18.21 21.99
Public/Private Equity 11 NA NA NA
Publishing 24 6.44 9.47 13.76
R.E.I.T. 5 9.54 10.95 11.21
Railroad 12 9.19 12.09 18.51
Recreation 56 9.11 13.92 17.30
Reinsurance 13 22.47 22.47 26.02
Restaurant 63 12.17 15.82 22.39
Retail (Hardlines) 75 7.73 11.06 16.61
Retail (Softlines) 47 6.84 9.30 15.01
Retail Automotive 20 10.76 13.40 20.68
Retail Building Supply 8 9.74 12.85 20.35
Retail Store 37 7.45 10.10 15.39
Retail/Wholesale Food 30 6.73 10.91 16.75
Securities Brokerage 28 5.97 6.32 8.67
Semiconductor 141 6.19 9.03 11.35
Semiconductor Equip 12 3.78 4.50 5.32
Shoe 19 11.64 13.41 18.50
Steel 32 7.08 13.30 15.82
Telecom. Equipment 99 8.46 11.50 14.66
Telecom. Services 74 4.80 8.14 11.17
Telecom. Utility 25 5.33 11.05 15.61
Thrift 148 3.67 3.67 5.10
Tobacco 11 10.36 11.44 15.46
Toiletries/Cosmetics 15 11.05 13.67 20.50
Trucking 36 10.13 20.05 30.40
Utility (Foreign) 4 5.47 11.95 17.74
Water Utility 11 11.13 16.48 24.30
Wireless Networking 57 NA NA NA
Total Market 5891 7.37 9.70 13.26


Last Updated in January 2012
By Aswath Damodaran