Betas
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
Betas
by SectorData 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 | Average Beta | Market D/E Ratio | Tax Rate | Unlevered Beta | Cash/Firm Value | Unlevered Beta corrected for cash |
| Advertising | 31 | 2.02 | 43.26% | 10.73% | 1.46 | 16.60% | 1.75 |
| Aerospace/Defense | 64 | 1.10 | 25.66% | 20.72% | 0.91 | 11.84% | 1.03 |
| Air Transport | 36 | 1.21 | 24.32% | 20.54% | 1.02 | 7.61% | 1.10 |
| Apparel | 57 | 1.30 | 18.38% | 16.08% | 1.13 | 7.89% | 1.22 |
| Auto Parts | 51 | 1.70 | 27.65% | 18.99% | 1.39 | 12.46% | 1.59 |
| Automotive | 12 | 1.59 | 134.57% | 24.07% | 0.79 | 17.77% | 0.96 |
| Bank | 426 | 0.77 | 156.11% | 15.97% | 0.33 | 11.41% | 0.38 |
| Bank (Midwest) | 45 | 0.93 | 59.52% | 17.77% | 0.63 | 14.13% | 0.73 |
| Beverage | 34 | 0.88 | 26.52% | 19.14% | 0.73 | 5.09% | 0.77 |
| Biotechnology | 158 | 1.03 | 13.48% | 2.49% | 0.91 | 21.45% | 1.16 |
| Building Materials | 45 | 1.50 | 94.33% | 11.17% | 0.82 | 7.75% | 0.89 |
| Cable TV | 21 | 1.37 | 68.06% | 27.35% | 0.92 | 6.13% | 0.98 |
| Chemical (Basic) | 16 | 1.36 | 27.35% | 20.90% | 1.12 | 9.66% | 1.24 |
| Chemical (Diversified) | 31 | 1.51 | 22.37% | 21.73% | 1.29 | 7.42% | 1.39 |
| Chemical (Specialty) | 70 | 1.28 | 21.15% | 17.58% | 1.09 | 5.29% | 1.15 |
| Coal | 20 | 1.53 | 28.90% | 12.75% | 1.22 | 7.66% | 1.32 |
| Computer Software | 184 | 1.04 | 7.49% | 12.27% | 0.98 | 17.16% | 1.18 |
| Computers/Peripherals | 87 | 1.30 | 10.23% | 11.77% | 1.19 | 10.67% | 1.33 |
| Diversified Co. | 107 | 1.14 | 102.24% | 15.55% | 0.61 | 14.29% | 0.71 |
| Drug | 279 | 1.12 | 15.46% | 5.36% | 0.98 | 9.18% | 1.08 |
| E-Commerce | 57 | 1.03 | 6.40% | 12.33% | 0.97 | 10.22% | 1.08 |
| Educational Services | 34 | 0.83 | 12.33% | 25.17% | 0.76 | 16.55% | 0.92 |
| Electric Util. (Central) | 21 | 0.75 | 86.16% | 31.82% | 0.47 | 1.71% | 0.48 |
| Electric Utility (East) | 21 | 0.70 | 66.16% | 33.14% | 0.48 | 2.09% | 0.49 |
| Electric Utility (West) | 14 | 0.75 | 84.54% | 31.30% | 0.47 | 2.57% | 0.49 |
| Electrical Equipment | 68 | 1.33 | 12.66% | 17.02% | 1.20 | 11.32% | 1.35 |
| Electronics | 139 | 1.07 | 22.33% | 10.36% | 0.89 | 17.78% | 1.08 |
| Engineering & Const | 25 | 1.22 | 11.99% | 26.26% | 1.12 | 19.03% | 1.39 |
| Entertainment | 77 | 1.63 | 40.99% | 15.38% | 1.21 | 7.86% | 1.31 |
| Entertainment Tech | 40 | 1.23 | 9.76% | 11.59% | 1.14 | 23.34% | 1.48 |
| Environmental | 82 | 0.81 | 43.70% | 11.71% | 0.58 | 2.88% | 0.60 |
| Financial Svcs. (Div.) | 225 | 1.31 | 251.49% | 19.18% | 0.43 | 14.47% | 0.50 |
| Food Processing | 112 | 0.91 | 29.53% | 20.00% | 0.74 | 4.02% | 0.77 |
| Foreign Electronics | 9 | 1.09 | 42.09% | 35.12% | 0.86 | 30.82% | 1.24 |
| Funeral Services | 6 | 1.14 | 56.60% | 30.84% | 0.82 | 4.49% | 0.85 |
| Furn/Home Furnishings | 35 | 1.81 | 24.39% | 20.43% | 1.52 | 8.22% | 1.65 |
| Healthcare Information | 25 | 1.17 | 6.35% | 22.19% | 1.12 | 6.95% | 1.20 |
| Heavy Truck & Equip | 21 | 1.80 | 43.66% | 20.62% | 1.34 | 9.47% | 1.48 |
| Homebuilding | 23 | 1.45 | 100.28% | 5.12% | 0.74 | 27.00% | 1.02 |
| Hotel/Gaming | 51 | 1.74 | 52.07% | 14.53% | 1.20 | 6.33% | 1.28 |
| Household Products | 26 | 1.07 | 18.99% | 25.12% | 0.94 | 2.03% | 0.95 |
| Human Resources | 23 | 1.24 | 10.31% | 25.35% | 1.15 | 18.00% | 1.40 |
| Industrial Services | 137 | 0.93 | 32.71% | 19.03% | 0.74 | 8.78% | 0.81 |
| Information Services | 27 | 1.07 | 30.21% | 18.93% | 0.86 | 3.47% | 0.89 |
| Insurance (Life) | 30 | 1.58 | 64.14% | 28.04% | 1.08 | 29.47% | 1.54 |
| Insurance (Prop/Cas.) | 49 | 0.91 | 23.60% | 19.36% | 0.76 | 24.15% | 1.01 |
| Internet | 186 | 1.09 | 2.71% | 6.87% | 1.06 | 14.08% | 1.24 |
| IT Services | 60 | 1.06 | 6.09% | 19.15% | 1.01 | 11.70% | 1.14 |
| Machinery | 100 | 1.20 | 19.12% | 22.15% | 1.04 | 8.54% | 1.14 |
| Maritime | 52 | 1.40 | 170.38% | 5.55% | 0.53 | 7.62% | 0.58 |
| Med Supp Invasive | 83 | 0.85 | 16.08% | 11.86% | 0.74 | 7.20% | 0.80 |
| Med Supp Non-Invasive | 146 | 1.03 | 13.02% | 12.73% | 0.92 | 13.31% | 1.07 |
| Medical Services | 122 | 0.91 | 49.45% | 19.93% | 0.65 | 16.30% | 0.78 |
| Metal Fabricating | 24 | 1.59 | 15.49% | 26.55% | 1.43 | 12.22% | 1.63 |
| Metals & Mining (Div.) | 73 | 1.33 | 14.10% | 11.04% | 1.18 | 7.60% | 1.28 |
| Natural Gas (Div.) | 29 | 1.33 | 37.07% | 21.98% | 1.03 | 3.41% | 1.06 |
| Natural Gas Utility | 22 | 0.66 | 67.38% | 30.16% | 0.45 | 1.52% | 0.46 |
| Newspaper | 13 | 1.76 | 46.35% | 25.13% | 1.31 | 7.73% | 1.42 |
| Office Equip/Supplies | 24 | 1.38 | 63.03% | 21.05% | 0.92 | 11.77% | 1.04 |
| Oil/Gas Distribution | 13 | 0.96 | 58.30% | 13.70% | 0.64 | 1.17% | 0.65 |
| Oilfield Svcs/Equip. | 93 | 1.55 | 22.92% | 17.39% | 1.30 | 5.99% | 1.39 |
| Packaging & Container | 26 | 1.16 | 51.82% | 24.23% | 0.83 | 5.90% | 0.88 |
| Paper/Forest Products | 32 | 1.36 | 59.86% | 10.61% | 0.89 | 8.05% | 0.96 |
| Petroleum (Integrated) | 20 | 1.18 | 19.19% | 27.41% | 1.04 | 7.30% | 1.12 |
| Petroleum (Producing) | 176 | 1.34 | 24.88% | 11.14% | 1.10 | 3.00% | 1.13 |
| Pharmacy Services | 19 | 1.12 | 20.48% | 24.67% | 0.97 | 2.98% | 1.00 |
| Pipeline MLPs | 27 | 0.98 | 40.97% | 6.37% | 0.71 | 0.83% | 0.72 |
| Power | 93 | 1.35 | 148.82% | 8.66% | 0.57 | 11.45% | 0.65 |
| Precious Metals | 84 | 1.15 | 8.20% | 7.51% | 1.07 | 6.64% | 1.14 |
| Precision Instrument | 77 | 1.28 | 15.94% | 13.94% | 1.12 | 15.55% | 1.33 |
| Property Management | 31 | 1.13 | 140.63% | 18.59% | 0.53 | 9.96% | 0.59 |
| Public/Private Equity | 11 | 2.18 | 59.87% | 3.79% | 1.38 | 15.01% | 1.62 |
| Publishing | 24 | 1.25 | 63.28% | 18.55% | 0.82 | 7.71% | 0.89 |
| R.E.I.T. | 5 | 1.47 | 34.71% | 1.04% | 1.09 | 4.71% | 1.15 |
| Railroad | 12 | 1.44 | 25.15% | 23.74% | 1.21 | 2.62% | 1.24 |
| Recreation | 56 | 1.45 | 48.69% | 17.37% | 1.03 | 6.60% | 1.11 |
| Reinsurance | 13 | 0.93 | 23.54% | 7.22% | 0.76 | 27.84% | 1.05 |
| Restaurant | 63 | 1.27 | 12.77% | 21.57% | 1.15 | 3.41% | 1.19 |
| Retail (Hardlines) | 75 | 1.77 | 24.33% | 23.04% | 1.49 | 9.78% | 1.65 |
| Retail (Softlines) | 47 | 1.44 | 5.61% | 24.64% | 1.38 | 12.40% | 1.57 |
| Retail Automotive | 20 | 1.37 | 38.11% | 34.43% | 1.09 | 2.45% | 1.12 |
| Retail Building Supply | 8 | 1.04 | 14.06% | 31.39% | 0.95 | 1.63% | 0.97 |
| Retail Store | 37 | 1.29 | 25.58% | 25.02% | 1.08 | 5.70% | 1.14 |
| Retail/Wholesale Food | 30 | 0.75 | 41.34% | 31.21% | 0.58 | 8.32% | 0.64 |
| Securities Brokerage | 28 | 1.20 | 430.56% | 26.22% | 0.29 | 32.79% | 0.43 |
| Semiconductor | 141 | 1.50 | 8.35% | 11.01% | 1.40 | 17.26% | 1.69 |
| Semiconductor Equip | 12 | 1.79 | 15.20% | 15.17% | 1.59 | 34.39% | 2.42 |
| Shoe | 19 | 1.25 | 2.18% | 24.31% | 1.23 | 10.72% | 1.38 |
| Steel | 32 | 1.68 | 46.40% | 21.03% | 1.23 | 12.09% | 1.40 |
| Telecom. Equipment | 99 | 1.02 | 12.96% | 13.16% | 0.91 | 28.77% | 1.28 |
| Telecom. Services | 74 | 0.98 | 34.09% | 14.22% | 0.76 | 8.04% | 0.82 |
| Telecom. Utility | 25 | 0.88 | 96.15% | 29.42% | 0.52 | 3.22% | 0.54 |
| Thrift | 148 | 0.71 | 29.33% | 12.43% | 0.57 | 24.35% | 0.75 |
| Tobacco | 11 | 0.85 | 18.71% | 31.03% | 0.76 | 3.13% | 0.78 |
| Toiletries/Cosmetics | 15 | 1.30 | 20.64% | 20.30% | 1.12 | 6.56% | 1.20 |
| Trucking | 36 | 1.24 | 27.77% | 25.48% | 1.03 | 4.60% | 1.08 |
| Utility (Foreign) | 4 | 0.96 | 155.03% | 26.07% | 0.45 | 6.59% | 0.48 |
| Water Utility | 11 | 0.66 | 81.42% | 35.22% | 0.43 | 0.38% | 0.43 |
| Wireless Networking | 57 | 1.27 | 27.06% | 12.12% | 1.03 | 8.43% | 1.12 |
| Total Market | 5891 | 1.15 | 46.64% | 15.48% | 0.82 | 10.83% | 0.92 |