Betas by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2016

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/betas.xls

For global datasets: http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html

can be obtained by clicking here

on which companies are included in each industry


Industry Name Number of firms Beta  D/E Ratio Tax rate Unlevered beta Cash/Firm value Unlevered beta corrected for cash HiLo Risk Standard deviation of equity
Advertising 44 1.08 56.26% 3.90% 0.70 5.18% 0.74 0.6415 71.03%
Aerospace/Defense 92 1.33 20.50% 13.51% 1.13 5.53% 1.20 0.4706 46.90%
Air Transport 20 1.27 69.78% 18.34% 0.81 4.42% 0.85 0.4583 51.95%
Apparel 63 1.06 27.86% 13.84% 0.85 3.43% 0.88 0.5264 60.62%
Auto & Truck 19 0.96 128.04% 8.01% 0.44 6.94% 0.47 0.5315 33.71%
Auto Parts 65 1.29 32.91% 9.64% 0.99 8.65% 1.08 0.5060 55.06%
Bank (Money Center) 9 1.11 216.41% 25.82% 0.43 9.98% 0.47 0.1576 32.77%
Banks (Regional) 644 0.51 78.59% 24.11% 0.32 11.86% 0.36 0.1768 28.93%
Beverage (Alcoholic) 22 0.94 18.25% 11.28% 0.81 1.29% 0.82 0.5431 58.51%
Beverage (Soft) 43 1.15 22.98% 5.97% 0.95 4.20% 0.99 0.6125 54.55%
Broadcasting 29 1.29 94.73% 21.20% 0.74 1.90% 0.75 0.4036 47.22%
Brokerage & Investment Banking 42 1.35 285.54% 18.15% 0.40 11.33% 0.46 0.3991 48.05%
Building Materials 39 1.18 33.15% 22.43% 0.94 4.47% 0.98 0.3619 44.27%
Business & Consumer Services 159 1.19 35.33% 13.76% 0.91 4.04% 0.95 0.5041 50.13%
Cable TV 19 1.23 49.61% 17.19% 0.87 1.41% 0.89 0.4384 41.58%
Chemical (Basic) 42 1.17 61.95% 8.24% 0.74 7.73% 0.81 0.5278 54.20%
Chemical (Diversified) 9 1.55 38.27% 18.35% 1.18 6.35% 1.27 0.4231 40.56%
Chemical (Specialty) 104 1.25 31.38% 8.45% 0.97 4.49% 1.01 0.4718 50.43%
Coal & Related Energy 38 1.49 312.08% 0.95% 0.36 6.03% 0.39 0.7400 86.78%
Computer Services 118 1.17 28.87% 12.84% 0.94 6.44% 1.00 0.5040 51.74%
Computers/Peripherals 64 1.33 18.65% 5.48% 1.13 7.38% 1.22 0.4964 63.91%
Construction Supplies 52 1.65 59.08% 17.00% 1.11 6.14% 1.18 0.4072 42.41%
Diversified 26 1.01 55.72% 15.20% 0.68 6.92% 0.74 0.3935 27.37%
Drugs (Biotechnology) 411 1.28 14.29% 1.80% 1.12 5.92% 1.19 0.5788 88.89%
Drugs (Pharmaceutical) 157 1.02 13.01% 3.90% 0.90 3.71% 0.94 0.5688 77.30%
Education 40 1.05 46.24% 12.05% 0.75 12.90% 0.86 0.5333 59.62%
Electrical Equipment 120 1.15 21.91% 6.58% 0.95 7.40% 1.03 0.6246 71.04%
Electronics (Consumer & Office) 25 1.23 14.81% 9.71% 1.09 6.76% 1.16 0.5600 63.42%
Electronics (General) 167 1.03 19.79% 9.47% 0.87 11.28% 0.98 0.4592 59.34%
Engineering/Construction 51 1.32 41.91% 11.63% 0.96 9.84% 1.07 0.5027 57.02%
Entertainment 84 1.21 29.94% 3.25% 0.94 3.85% 0.98 0.6763 63.16%
Environmental & Waste Services 97 1.10 38.80% 7.49% 0.81 1.09% 0.82 0.6108 65.51%
Farming/Agriculture 37 1.25 75.73% 9.28% 0.74 4.30% 0.77 0.5456 48.69%
Financial Svcs. (Non-bank & Insurance) 272 0.65 1338.71% 18.75% 0.05 2.25% 0.06 0.2686 34.97%
Food Processing 89 0.89 26.16% 14.09% 0.72 2.46% 0.74 0.4237 38.29%
Food Wholesalers 14 0.73 24.97% 15.85% 0.60 1.25% 0.61 0.4020 54.49%
Furn/Home Furnishings 30 1.23 30.94% 15.53% 0.98 2.81% 1.00 0.4213 44.49%
Green & Renewable Energy 28 1.62 132.92% 0.77% 0.70 16.85% 0.84 0.6692 62.36%
Healthcare Products 254 1.03 19.50% 6.42% 0.87 5.32% 0.92 0.4977 62.16%
Healthcare Support Services 127 1.05 28.62% 13.84% 0.84 5.45% 0.89 0.5328 54.32%
Heathcare Information and Technology 126 1.11 17.70% 6.96% 0.95 3.45% 0.99 0.5641 60.52%
Homebuilding 34 1.12 60.86% 21.79% 0.76 6.20% 0.81 0.3352 41.71%
Hospitals/Healthcare Facilities 58 0.82 98.46% 10.41% 0.44 1.35% 0.44 0.3952 36.49%
Hotel/Gaming 73 0.97 55.41% 11.34% 0.65 4.09% 0.68 0.4214 46.75%
Household Products 134 1.05 20.02% 8.86% 0.89 3.21% 0.91 0.5864 62.02%
Information Services 70 1.00 15.52% 16.46% 0.89 3.49% 0.92 0.3596 40.74%
Insurance (General) 20 1.04 42.76% 21.73% 0.78 4.76% 0.82 0.2247 33.57%
Insurance (Life) 25 1.28 79.07% 20.29% 0.79 13.57% 0.91 0.2733 35.59%
Insurance (Prop/Cas.) 53 0.90 31.39% 21.85% 0.72 4.55% 0.75 0.2212 32.93%
Investments & Asset Management 145 1.17 76.37% 7.90% 0.69 14.65% 0.81 0.3926 37.84%
Machinery 130 1.44 27.57% 15.24% 1.16 5.33% 1.23 0.4385 46.07%
Metals & Mining 114 1.55 85.76% 1.42% 0.84 3.63% 0.87 0.7487 91.02%
Office Equipment & Services 24 1.82 60.56% 19.14% 1.22 5.83% 1.29 0.3991 41.58%
Oil/Gas (Integrated) 7 1.54 16.50% 8.14% 1.33 3.11% 1.38 0.5230 50.24%
Oil/Gas (Production and Exploration) 351 1.63 82.48% 2.91% 0.91 4.47% 0.95 0.6976 80.22%
Oil/Gas Distribution 79 1.22 94.36% 5.60% 0.65 1.00% 0.65 0.4387 47.82%
Oilfield Svcs/Equip. 143 1.74 39.08% 9.56% 1.29 8.72% 1.41 0.5552 69.62%
Packaging & Container 25 1.26 54.73% 21.41% 0.88 2.57% 0.91 0.3542 32.10%
Paper/Forest Products 20 1.52 89.06% 15.88% 0.87 3.02% 0.89 0.3852 38.53%
Power 73 0.80 83.44% 23.38% 0.49 2.51% 0.50 0.2607 29.31%
Precious Metals 113 1.29 50.03% 1.60% 0.87 16.27% 1.03 0.7030 93.13%
Publshing & Newspapers 39 1.45 49.57% 13.67% 1.01 5.28% 1.07 0.4452 51.60%
R.E.I.T. 221 0.76 89.81% 2.17% 0.41 1.44% 0.41 0.2171 25.71%
Real Estate (Development) 21 1.41 62.89% 1.06% 0.87 6.72% 0.93 0.5535 36.15%
Real Estate (General/Diversified) 12 1.22 25.47% 9.64% 0.99 3.68% 1.03 0.3518 40.76%
Real Estate (Operations & Services) 55 1.50 64.54% 11.19% 0.95 4.19% 0.99 0.5382 43.44%
Recreation 65 0.91 31.61% 11.33% 0.71 4.48% 0.75 0.4801 45.47%
Reinsurance 3 1.03 39.48% 20.37% 0.78 12.27% 0.89 0.1255 29.15%
Restaurant/Dining 83 0.76 25.85% 18.54% 0.63 2.12% 0.64 0.4150 40.67%
Retail (Automotive) 26 1.06 53.16% 21.18% 0.75 1.05% 0.76 0.3211 46.34%
Retail (Building Supply) 5 1.47 18.73% 23.18% 1.29 1.52% 1.31 0.3598 50.34%
Retail (Distributors) 83 1.22 60.34% 16.42% 0.81 1.85% 0.83 0.5010 52.36%
Retail (General) 19 1.16 39.49% 24.75% 0.90 3.12% 0.92 0.2935 46.87%
Retail (Grocery and Food) 17 1.04 46.89% 23.56% 0.76 1.23% 0.77 0.3836 51.57%
Retail (Online) 39 1.58 8.49% 11.14% 1.46 4.03% 1.53 0.5392 50.54%
Retail (Special Lines) 124 1.07 46.68% 19.95% 0.78 3.47% 0.81 0.4567 50.69%
Rubber& Tires 4 1.66 65.26% 9.60% 1.04 11.26% 1.18 0.5027 38.00%
Semiconductor 87 1.39 12.57% 9.51% 1.24 5.50% 1.32 0.4118 51.24%
Semiconductor Equip 46 1.40 37.57% 11.25% 1.05 14.27% 1.22 0.4048 54.21%
Shipbuilding & Marine 11 1.24 56.95% 11.82% 0.83 1.76% 0.84 0.4948 60.89%
Shoe 11 0.82 6.79% 18.12% 0.78 3.85% 0.81 0.4392 39.02%
Software (Entertainment) 17 1.42 10.23% 1.56% 1.29 12.11% 1.46 0.5959 54.18%
Software (Internet) 308 1.34 4.43% 3.80% 1.28 3.29% 1.33 0.6266 64.71%
Software (System & Application) 241 1.33 12.18% 6.34% 1.19 4.43% 1.25 0.5048 59.22%
Steel 36 1.43 91.75% 11.49% 0.79 8.70% 0.86 0.4502 51.52%
Telecom (Wireless) 19 1.48 150.55% 9.38% 0.62 4.01% 0.65 0.5072 45.11%
Telecom. Equipment 121 1.29 20.72% 8.86% 1.09 6.98% 1.17 0.4771 57.78%
Telecom. Services 65 0.95 78.10% 11.89% 0.56 1.77% 0.57 0.4742 52.25%
Tobacco 20 1.91 19.84% 11.64% 1.63 2.01% 1.66 0.6963 48.90%
Transportation 21 1.41 31.12% 18.82% 1.13 5.19% 1.19 0.3969 40.03%
Transportation (Railroads) 12 1.15 30.49% 15.11% 0.92 1.31% 0.93 0.4147 31.20%
Trucking 26 1.69 101.22% 31.25% 1.00 3.04% 1.03 0.4031 43.08%
Unclassified 3 0.23 100.42% 0.00% 0.11 0.35% 0.11 0.4300 24.61%
Utility (General) 20 0.55 70.51% 26.58% 0.36 0.65% 0.36 0.1581 25.03%
Utility (Water) 18 0.47 49.00% 14.60% 0.33 0.70% 0.33 0.3123 36.78%
Total Market 7480 1.13 71.49% 10.95% 0.69 4.81% 0.73 0.4681 51.65%


Last Updated in January 2016
By Aswath Damodaran