Industry Name Number of Firms Std Deviation in Equity Std Deviation in Firm Value E/(D+E) D/(D+E)
Advertising 41 72.80% 51.23% 61.36% 38.64%
Aerospace/Defense 96 40.75% 34.64% 80.95% 19.05%
Air Transport 18 38.61% 26.46% 58.78% 41.22%
Apparel 58 47.15% 37.76% 74.51% 25.49%
Auto & Truck 15 29.21% 16.35% 39.93% 60.07%
Auto Parts 63 50.64% 40.35% 73.95% 26.05%
Bank (Money Center) 10 25.85% 13.66% 34.72% 65.28%
Banks (Regional) 645 22.84% 16.23% 62.30% 37.70%
Beverage (Alcoholic) 25 44.18% 36.39% 77.51% 22.49%
Beverage (Soft) 36 52.80% 44.63% 80.31% 19.69%
Broadcasting 30 41.01% 25.90% 51.04% 48.96%
Brokerage & Investment Banking 45 44.96% 22.61% 30.10% 69.90%
Building Materials 41 33.77% 28.14% 78.75% 21.25%
Business & Consumer Services 165 44.71% 35.65% 74.02% 25.98%
Cable TV 14 30.78% 22.93% 67.01% 32.99%
Chemical (Basic) 45 59.91% 42.89% 63.05% 36.95%
Chemical (Diversified) 8 45.48% 36.18% 73.79% 26.21%
Chemical (Specialty) 100 45.44% 37.23% 76.94% 23.06%
Coal & Related Energy 38 73.31% 41.93% 41.92% 58.08%
Computer Services 117 45.57% 37.69% 77.92% 22.08%
Computers/Peripherals 55 60.29% 52.50% 83.61% 16.39%
Construction Supplies 51 38.87% 29.86% 70.14% 29.86%
Diversified 24 23.28% 18.48% 73.54% 26.46%
Drugs (Biotechnology) 426 75.23% 65.57% 83.72% 16.28%
Drugs (Pharmaceutical) 164 67.61% 60.80% 87.28% 12.72%
Education 36 51.51% 41.43% 74.97% 25.03%
Electrical Equipment 119 54.63% 47.70% 83.93% 16.07%
Electronics (Consumer & Office) 24 66.94% 58.37% 83.76% 16.24%
Electronics (General) 164 48.91% 43.05% 84.84% 15.16%
Engineering/Construction 48 44.23% 35.76% 75.50% 24.50%
Entertainment 79 44.71% 36.46% 76.44% 23.56%
Environmental & Waste Services 89 57.94% 45.29% 71.95% 28.05%
Farming/Agriculture 37 41.14% 29.29% 62.49% 37.51%
Financial Svcs. (Non-bank & Insurance) 258 29.20% 12.10% 8.17% 91.83%
Food Processing 87 30.98% 25.84% 78.84% 21.16%
Food Wholesalers 16 52.66% 41.71% 73.35% 26.65%
Furn/Home Furnishings 30 42.94% 35.38% 77.51% 22.49%
Green & Renewable Energy 25 47.60% 25.64% 36.45% 63.55%
Healthcare Products 254 56.59% 49.79% 84.78% 15.22%
Healthcare Support Services 121 50.06% 40.53% 75.66% 24.34%
Heathcare Information and Technology 125 52.46% 45.37% 82.85% 17.15%
Homebuilding 33 33.76% 23.46% 60.14% 39.86%
Hospitals/Healthcare Facilities 38 44.67% 24.19% 36.93% 63.07%
Hotel/Gaming 69 39.32% 28.53% 64.40% 35.60%
Household Products 129 50.91% 43.89% 82.51% 17.49%
Information Services 64 36.65% 31.74% 83.02% 16.98%
Insurance (General) 19 30.38% 23.75% 71.97% 28.03%
Insurance (Life) 22 27.80% 18.97% 58.34% 41.66%
Insurance (Prop/Cas.) 50 25.41% 20.69% 76.27% 23.73%
Investments & Asset Management 156 34.30% 24.27% 61.89% 38.11%
Machinery 127 38.59% 33.18% 82.17% 17.83%
Metals & Mining 97 77.36% 56.93% 65.80% 34.20%
Office Equipment & Services 24 33.85% 24.67% 64.80% 35.20%
Oil/Gas (Integrated) 7 46.30% 41.01% 85.54% 14.46%
Oil/Gas (Production and Exploration) 330 75.08% 56.49% 68.03% 31.97%
Oil/Gas Distribution 78 45.13% 30.20% 56.48% 43.52%
Oilfield Svcs/Equip. 148 60.50% 48.86% 75.38% 24.62%
Packaging & Container 26 29.58% 21.40% 64.09% 35.91%
Paper/Forest Products 23 38.67% 28.79% 66.96% 33.04%
Power 68 24.11% 15.61% 53.39% 46.61%
Precious Metals 109 78.31% 66.35% 80.58% 19.42%
Publishing & Newspapers 37 48.08% 34.66% 63.72% 36.28%
R.E.I.T. 238 24.67% 16.38% 55.72% 44.28%
Real Estate (Development) 18 39.45% 28.03% 62.30% 37.70%
Real Estate (General/Diversified) 11 24.99% 21.15% 80.43% 19.57%
Real Estate (Operations & Services) 54 50.15% 33.60% 56.60% 43.40%
Recreation 66 46.01% 37.47% 76.27% 23.73%
Reinsurance 3 21.23% 17.17% 75.54% 24.46%
Restaurant/Dining 86 39.10% 31.18% 74.07% 25.93%
Retail (Automotive) 25 28.30% 20.16% 62.54% 37.46%
Retail (Building Supply) 6 39.62% 34.02% 82.06% 17.94%
Retail (Distributors) 88 40.48% 29.17% 63.71% 36.29%
Retail (General) 19 40.00% 31.18% 71.65% 28.35%
Retail (Grocery and Food) 14 35.13% 24.36% 59.93% 40.07%
Retail (Online) 57 48.86% 45.46% 91.22% 8.78%
Retail (Special Lines) 108 42.19% 31.03% 65.73% 34.27%
Rubber& Tires 4 63.88% 43.43% 58.02% 41.98%
Semiconductor 80 42.08% 37.96% 87.65% 12.35%
Semiconductor Equip 45 38.24% 33.99% 85.95% 14.05%
Shipbuilding & Marine 11 73.54% 54.98% 67.38% 32.62%
Shoe 10 37.21% 34.46% 90.70% 9.30%
Software (Entertainment) 13 48.14% 43.25% 87.15% 12.85%
Software (Internet) 297 55.85% 54.03% 95.91% 4.09%
Software (System & Application) 236 47.40% 40.79% 82.30% 17.70%
Steel 38 54.19% 40.60% 67.60% 32.40%
Telecom (Wireless) 17 37.67% 22.68% 46.60% 53.40%
Telecom. Equipment 107 49.24% 41.61% 80.29% 19.71%
Telecom. Services 67 47.21% 32.85% 60.28% 39.72%
Tobacco 22 61.73% 54.58% 85.34% 14.66%
Transportation 17 32.72% 26.52% 75.77% 24.23%
Transportation (Railroads) 7 27.05% 22.42% 78.16% 21.84%
Trucking 30 42.01% 26.92% 52.41% 47.59%
Utility (General) 18 19.32% 13.32% 59.39% 40.61%
Utility (Water) 22 27.03% 20.67% 69.70% 30.30%
Total Market 7330 45.04% 31.11% 59.56% 40.44%
Total Market (without financials) 6100 48.81% 38.79% 73.69% 26.31%