Revenue 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 Price/Sales Net Margin Expected Growth Payout Beta EV/Sales After-tax Operating Margin
Advertising 31 0.95 3.63% 14.29% 43.75% 2.02 1.14 7.44%
Aerospace/Defense 64 0.84 6.78% 11.84% 29.13% 1.10 0.93 7.31%
Air Transport 36 1.55 3.76% 15.76% 18.91% 1.21 1.78 6.86%
Apparel 57 1.09 6.72% 19.27% 18.85% 1.30 1.19 7.60%
Auto Parts 51 0.53 5.10% 28.55% 23.74% 1.70 0.59 4.98%
Automotive 12 0.38 3.36% 44.50% 22.24% 1.59 0.73 4.94%
Bank 426 NA NA 10.22% 33.53% 0.77 NA NA
Bank (Midwest) 45 NA NA 10.25% 38.36% 0.93 NA NA
Beverage 34 2.52 13.99% 9.30% 46.35% 0.88 3.03 15.60%
Biotechnology 158 5.04 9.11% 20.53% 59.34% 1.03 4.49 -13.73%
Building Materials 45 0.68 -4.01% 17.00% NA 1.50 1.22 3.16%
Cable TV 21 1.40 9.02% 13.35% 18.03% 1.37 2.21 12.43%
Chemical (Basic) 16 1.32 12.46% 15.45% 30.79% 1.36 1.52 9.56%
Chemical (Diversified) 31 1.43 8.79% 16.55% 31.68% 1.51 1.62 9.30%
Chemical (Specialty) 70 1.36 8.04% 19.21% 40.43% 1.28 1.56 7.87%
Coal 20 1.49 12.00% 11.96% 33.78% 1.53 1.78 12.53%
Computer Software 184 3.45 24.78% 17.66% 21.61% 1.04 3.07 24.62%
Computers/Peripherals 87 1.42 10.74% 19.61% 8.61% 1.30 1.39 10.83%
Diversified Co. 107 1.22 9.21% 14.88% 36.81% 1.14 2.11 11.76%
Drug 279 2.72 17.99% 15.04% 49.12% 1.12 2.85 16.96%
E-Commerce 57 4.76 10.73% 22.85% 1.89% 1.03 4.55 10.87%
Educational Services 34 1.21 11.86% 13.05% 2.83% 0.83 1.14 12.91%
Electric Util. (Central) 21 1.24 8.89% 6.23% 63.88% 0.75 2.26 11.58%
Electric Utility (East) 21 1.54 9.77% 4.83% 66.22% 0.70 2.51 12.66%
Electric Utility (West) 14 1.22 8.53% 7.21% 56.70% 0.75 2.19 11.38%
Electrical Equipment 68 1.54 12.12% 14.60% 29.40% 1.33 1.54 9.95%
Electronics 139 0.47 4.63% 16.03% 11.97% 1.07 0.47 4.48%
Engineering & Const 25 0.51 3.47% 12.39% 6.31% 1.22 0.46 3.35%
Entertainment 77 1.46 10.12% 16.64% 25.84% 1.63 1.89 12.17%
Entertainment Tech 40 2.22 9.62% 21.77% 11.57% 1.23 1.87 9.04%
Environmental 82 1.48 7.53% 19.46% 46.73% 0.81 2.07 9.48%
Financial Svcs. (Div.) 225 2.22 5.08% 13.76% NA 1.31 6.67 33.84%
Food Processing 112 0.87 5.36% 13.87% 45.25% 0.91 1.08 6.52%
Foreign Electronics 9 0.38 1.83% 24.38% 51.37% 1.09 0.37 3.23%
Funeral Services 6 1.24 7.48% 16.50% 49.81% 1.14 1.86 9.82%
Furn/Home Furnishings 35 0.81 3.76% 21.62% 27.83% 1.81 0.92 4.58%
Healthcare Information 25 3.86 8.81% 20.66% 12.22% 1.17 3.82 7.64%
Heavy Truck & Equip 21 1.03 8.48% 15.00% 34.22% 1.80 1.34 6.64%
Homebuilding 23 0.84 -5.64% 20.01% NA 1.45 1.23 -2.09%
Hotel/Gaming 51 1.81 6.29% 15.60% 40.37% 1.74 2.58 10.13%
Household Products 26 1.89 11.66% 11.76% 48.97% 1.07 2.21 12.79%
Human Resources 23 0.32 1.66% 21.39% 50.59% 1.24 0.29 1.18%
Industrial Services 137 0.70 3.26% 15.11% 24.98% 0.93 0.85 -23.67%
Information Services 27 2.34 11.94% 17.59% 38.73% 1.07 2.94 15.06%
Insurance (Life) 30 NA NA 12.74% 29.39% 1.58 NA NA
Insurance (Prop/Cas.) 49 NA NA 9.73% 23.46% 0.91 NA NA
Internet 186 4.43 16.00% 23.75% 0.66% 1.09 3.91 14.58%
IT Services 60 1.87 10.59% 18.70% 32.87% 1.06 1.75 10.32%
Machinery 100 1.26 7.26% 16.26% 25.38% 1.20 1.37 8.22%
Maritime 52 1.08 0.78% 21.90% 25.25% 1.40 2.69 13.69%
Med Supp Invasive 83 2.34 16.64% 15.55% 22.91% 0.85 2.52 17.28%
Med Supp Non-Invasive 146 0.75 4.89% 17.03% 37.29% 1.03 0.73 4.81%
Medical Services 122 0.55 4.84% 14.37% 8.82% 0.91 0.68 7.39%
Metal Fabricating 24 1.64 7.84% 23.50% 25.70% 1.59 1.67 10.89%
Metals & Mining (Div.) 73 2.34 7.36% 18.04% 33.51% 1.33 2.47 21.88%
Natural Gas (Div.) 29 2.54 12.72% 10.58% 33.81% 1.33 3.37 17.50%
Natural Gas Utility 22 0.88 5.10% 5.21% 67.28% 0.66 1.45 8.57%
Newspaper 13 0.97 3.11% 9.18% 14.56% 1.76 1.31 9.02%
Office Equip/Supplies 24 0.38 4.07% 12.65% 28.06% 1.38 0.55 4.59%
Oil/Gas Distribution 13 2.27 9.80% 7.83% 73.98% 0.96 3.56 14.46%
Oilfield Svcs/Equip. 93 2.06 10.72% 12.68% 41.88% 1.55 2.38 11.28%
Packaging & Container 26 0.74 13.46% 12.75% 24.38% 1.16 1.06 7.02%
Paper/Forest Products 32 0.72 4.63% 13.00% 43.21% 1.36 1.06 9.84%
Petroleum (Integrated) 20 0.78 7.99% 15.27% 38.99% 1.18 0.87 5.65%
Petroleum (Producing) 176 1.81 10.69% 18.51% 9.50% 1.34 2.20 19.10%
Pharmacy Services 19 0.45 2.91% 12.20% 20.26% 1.12 0.53 3.14%
Pipeline MLPs 27 1.41 7.11% 8.06% 33.53% 0.98 1.97 8.68%
Power 93 0.67 1.49% 11.43% 13.75% 1.35 1.48 10.88%
Precious Metals 84 5.27 30.24% 16.38% 26.71% 1.15 5.33 24.02%
Precision Instrument 77 1.68 9.57% 20.05% 11.24% 1.28 1.64 8.80%
Property Management 31 1.31 9.18% 15.50% 27.66% 1.13 2.85 12.95%
Public/Private Equity 11 2.52 62.30% 24.83% 17.28% 2.18 3.43 -0.48%
Publishing 24 0.76 6.22% 12.74% 25.02% 1.25 1.15 8.33%
R.E.I.T. 5 11.01 113.55% 6.10% 91.36% 1.47 14.13 126.01%
Railroad 12 2.82 17.86% 16.75% 34.63% 1.44 3.44 18.56%
Recreation 56 1.15 7.28% 14.40% 42.67% 1.45 1.60 9.26%
Reinsurance 13 NA NA 11.04% 15.87% 0.93 NA NA
Restaurant 63 2.30 10.70% 17.41% 46.73% 1.27 2.50 11.17%
Retail (Hardlines) 75 0.74 3.86% 20.38% 19.62% 1.77 0.83 4.99%
Retail (Softlines) 47 0.94 5.56% 19.00% 21.08% 1.44 0.87 5.82%
Retail Automotive 20 0.68 4.35% 18.34% 2.49% 1.37 0.92 4.46%
Retail Building Supply 8 0.93 5.14% 14.57% 47.32% 1.04 1.04 5.13%
Retail Store 37 0.50 3.45% 13.36% 29.16% 1.29 0.59 3.83%
Retail/Wholesale Food 30 0.27 4.16% 11.45% 28.62% 0.75 0.35 2.07%
Securities Brokerage 28 0.87 11.45% 12.19% 10.93% 1.20 3.08 35.58%
Semiconductor 141 2.29 17.82% 20.66% 30.53% 1.50 2.06 18.13%
Semiconductor Equip 12 1.29 16.30% 20.83% 11.30% 1.79 0.97 18.30%
Shoe 19 1.67 8.44% 15.00% 25.89% 1.25 1.52 8.22%
Steel 32 0.60 3.52% 22.15% 34.26% 1.68 0.78 4.90%
Telecom. Equipment 99 1.55 7.22% 14.97% 53.72% 1.02 1.25 8.53%
Telecom. Services 74 1.50 5.11% 11.14% 43.63% 0.98 1.85 16.56%
Telecom. Utility 25 0.92 8.50% 12.66% 80.94% 0.88 1.75 11.21%
Thrift 148 NA NA 11.41% NA 0.71 NA NA
Tobacco 11 2.05 8.46% 10.29% 67.56% 0.85 2.36 15.24%
Toiletries/Cosmetics 15 1.32 7.37% 14.06% 25.04% 1.30 1.48 7.24%
Trucking 36 1.05 2.74% 19.39% 41.07% 1.24 1.28 4.20%
Utility (Foreign) 4 0.58 0.55% 3.97% 0.32% 0.96 1.39 7.81%
Water Utility 11 2.43 12.25% 7.07% 48.16% 0.66 4.39 18.05%
Wireless Networking 57 1.65 7.96% 19.66% 9.13% 1.27 1.91 -15.91%
Total Market 5891 1.28 8.32% 15.61% 37.92% 1.15 1.67 12.62%


Last Updated in January 2012
By Aswath Damodaran