SReturn on Capital by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2018

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

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

V can be obtained by clicking here

Don which companies are included in each industry


Industry Name Number of firms Unadjusted pre-tax ROIC Lease Adjusted pre-tax ROIC Lease & R&D adjusted pre-tax ROIC Unadjusted after-tax ROIC Lease Adjusted after-tax ROIC Lease & R&D adjusted after-tax ROIC Normalized ROIC (last 10 years)
Advertising 40 -245.08% 83.21% 82.85% -229.45% 77.90% 77.57% 70.57%
Aerospace/Defense 87 103.90% 75.01% 42.00% 91.86% 66.31% 37.05% 57.92%
Air Transport 17 35.12% 17.97% 17.90% 26.49% 13.55% 13.50% 13.04%
Apparel 51 24.21% 15.91% 15.81% 21.70% 14.27% 14.18% 22.46%
Auto & Truck 18 21.83% 4.75% 4.30% 20.05% 4.36% 3.97% 2.73%
Auto Parts 62 35.86% 33.06% 25.67% 33.10% 30.52% 23.79% 17.45%
Bank (Money Center) 11 0.00% -0.01% -0.01% 0.00% -0.01% -0.01% 0.00%
Banks (Regional) 612 0.00% -0.04% -0.04% 0.00% -0.03% -0.03% 0.00%
Beverage (Alcoholic) 28 29.78% 27.06% 27.06% 26.77% 24.33% 24.32% 11.89%
Beverage (Soft) 35 29.45% 27.36% 26.62% 27.57% 25.60% 24.92% 33.93%
Broadcasting 27 29.93% 25.82% 25.81% 24.79% 21.38% 21.38% 19.85%
Brokerage & Investment Banking 42 0.07% 0.02% 0.02% 0.06% 0.02% 0.02% 0.04%
Building Materials 39 26.80% 25.05% 23.83% 20.54% 19.20% 18.27% 10.27%
Business & Consumer Services 169 39.50% 30.28% 29.64% 35.12% 26.92% 26.37% 27.10%
Cable TV 14 18.02% 16.39% 16.36% 14.01% 12.75% 12.72% 10.63%
Chemical (Basic) 38 18.33% 16.40% 15.99% 16.54% 14.80% 14.43% 10.20%
Chemical (Diversified) 7 23.39% 20.92% 18.74% 20.67% 18.49% 16.59% 10.20%
Chemical (Specialty) 99 23.75% 21.00% 18.52% 21.46% 18.97% 16.74% 22.31%
Coal & Related Energy 30 8.65% 9.23% 8.98% 8.22% 8.78% 8.53% 4.54%
Computer Services 111 59.83% 40.89% 30.84% 54.20% 37.05% 27.96% 41.83%
Computers/Peripherals 58 34.69% 30.98% 25.11% 32.94% 29.42% 23.86% 34.63%
Construction Supplies 49 27.07% 14.34% 12.81% 22.37% 11.85% 10.59% 14.55%
Diversified 24 14.31% 13.32% 12.48% 12.58% 11.71% 10.98% 9.43%
Drugs (Biotechnology) 459 21.52% 19.40% 11.75% 21.22% 19.14% 11.60% 14.59%
Drugs (Pharmaceutical) 185 28.09% 26.65% 18.04% 27.50% 26.09% 17.68% 31.55%
Education 34 20.97% 12.97% 12.49% 19.24% 11.90% 11.47% 21.61%
Electrical Equipment 118 30.27% 26.51% 23.04% 28.73% 25.17% 21.88% 34.76%
Electronics (Consumer & Office) 24 -12.40% -10.27% -5.82% -11.66% -9.66% -5.54% 9.33%
Electronics (General) 167 20.51% 18.75% 14.74% 18.80% 17.19% 13.55% 15.25%
Engineering/Construction 49 26.47% 21.38% 21.29% 22.93% 18.52% 18.43% 28.15%
Entertainment 90 44.17% 32.93% 32.90% 41.76% 31.14% 31.11% 22.03%
Environmental & Waste Services 87 26.10% 22.31% 22.27% 24.94% 21.31% 21.28% 22.50%
Farming/Agriculture 34 13.81% 8.24% 7.73% 12.75% 7.60% 7.14% 11.96%
Financial Svcs. (Non-bank & Insurance) 264 0.26% 0.25% 0.26% 0.21% 0.20% 0.21% 0.17%
Food Processing 87 26.31% 23.99% 23.22% 22.33% 20.36% 19.71% 19.08%
Food Wholesalers 15 26.27% 22.66% 22.66% 23.15% 19.96% 19.96% 21.70%
Furn/Home Furnishings 31 25.71% 22.30% 20.07% 22.49% 19.50% 17.56% 15.83%
Green & Renewable Energy 22 3.15% 1.99% 1.98% 3.07% 1.94% 1.94% 1.29%
Healthcare Products 251 23.61% 21.24% 17.08% 22.47% 20.22% 16.30% 21.86%
Healthcare Support Services 115 82.76% 59.80% 58.58% 71.43% 51.61% 50.54% 51.71%
Heathcare Information and Technology 112 24.73% 21.06% 16.69% 23.25% 19.80% 15.73% 14.51%
Homebuilding 32 12.97% 12.22% 12.22% 9.88% 9.31% 9.31% 3.19%
Hospitals/Healthcare Facilities 35 19.15% 13.24% 13.24% 17.12% 11.84% 11.84% 14.21%
Hotel/Gaming 70 16.02% 13.25% 13.18% 13.78% 11.39% 11.33% 9.19%
Household Products 131 48.50% 35.49% 31.85% 44.94% 32.88% 29.52% 34.61%
Information Services 61 56.19% 42.24% 39.82% 47.25% 35.53% 33.51% 37.71%
Insurance (General) 21 3.38% 3.31% 3.31% 2.88% 2.82% 2.82% 5.49%
Insurance (Life) 25 5.30% 5.20% 5.20% 4.49% 4.40% 4.40% 8.62%
Insurance (Prop/Cas.) 50 10.54% 10.21% 10.21% 8.59% 8.32% 8.32% 10.12%
Investments & Asset Management 165 11.60% 10.85% 10.78% 10.64% 9.95% 9.89% 8.66%
Machinery 126 38.63% 34.72% 30.09% 33.20% 29.84% 25.89% 26.68%
Metals & Mining 102 15.62% 14.65% 14.59% 15.36% 14.41% 14.34% 29.23%
Office Equipment & Services 24 31.11% 24.96% 21.68% 25.40% 20.37% 17.72% 23.19%
Oil/Gas (Integrated) 5 2.35% 2.45% 2.42% 2.10% 2.18% 2.15% 20.86%
Oil/Gas (Production and Exploration) 311 -0.08% 0.10% 0.09% -0.08% 0.10% 0.09% 11.42%
Oil/Gas Distribution 16 6.71% 6.44% 6.44% 6.39% 6.13% 6.13% 6.11%
Oilfield Svcs/Equip. 130 7.19% 7.03% 6.78% 6.82% 6.66% 6.42% 16.03%
Packaging & Container 25 21.07% 19.33% 18.78% 16.36% 15.00% 14.58% 18.53%
Paper/Forest Products 21 10.43% 9.93% 9.88% 8.95% 8.52% 8.48% 8.98%
Power 61 8.92% 8.09% 8.07% 7.11% 6.44% 6.43% 9.19%
Precious Metals 111 7.87% 7.84% 7.70% 7.70% 7.67% 7.53% 12.29%
Publishing & Newspapers 41 19.82% 15.45% 15.31% 17.46% 13.61% 13.48% 15.94%
R.E.I.T. 244 4.40% 3.14% 3.14% 4.32% 3.08% 3.08% 2.75%
Real Estate (Development) 20 3.05% 2.41% 2.41% 2.87% 2.27% 2.27% 2.02%
Real Estate (General/Diversified) 10 5.02% 4.95% 4.95% 4.38% 4.32% 4.32% 2.75%
Real Estate (Operations & Services) 60 14.47% 12.14% 12.11% 13.19% 11.07% 11.05% 9.19%
Recreation 70 21.15% 18.20% 16.21% 19.00% 16.35% 14.59% 13.65%
Reinsurance 3 6.85% 6.71% 6.71% 6.10% 5.97% 5.97% 2.28%
Restaurant/Dining 81 41.30% 20.03% 20.01% 35.11% 17.03% 17.01% 23.58%
Retail (Automotive) 25 19.18% 12.82% 12.82% 15.53% 10.38% 10.38% 13.34%
Retail (Building Supply) 8 49.48% 35.80% 35.80% 41.88% 30.30% 30.30% 24.08%
Retail (Distributors) 92 16.79% 15.37% 15.36% 14.41% 13.18% 13.18% 13.72%
Retail (General) 18 23.36% 15.45% 15.45% 17.99% 11.90% 11.90% 20.88%
Retail (Grocery and Food) 14 20.12% 11.08% 11.08% 15.89% 8.75% 8.75% 14.26%
Retail (Online) 61 35.27% 14.95% 14.38% 32.60% 13.82% 13.40% 7.33%
Retail (Special Lines) 106 35.42% 15.06% 14.99% 27.63% 11.74% 11.69% 20.38%
Rubber& Tires 4 18.53% 16.96% 15.15% 17.07% 15.62% 13.96% 17.40%
Semiconductor 72 27.74% 25.74% 17.48% 25.51% 23.67% 16.13% 21.87%
Semiconductor Equip 45 57.02% 51.81% 31.62% 52.17% 47.40% 29.06% 18.78%
Shipbuilding & Marine 9 4.75% 5.32% 5.32% 4.35% 4.88% 4.88% 9.32%
Shoe 11 34.79% 24.70% 24.51% 28.96% 20.56% 20.40% 27.31%
Software (Entertainment) 13 114.86% 88.70% 28.38% 112.32% 86.74% 27.79% 33.77%
Software (Internet) 305 24.97% 22.68% 17.03% 24.35% 22.12% 16.63% 11.43%
Software (System & Application) 255 26.34% 22.47% 15.38% 25.29% 21.58% 14.82% 34.42%
Steel 37 18.02% 16.95% 16.85% 16.75% 15.76% 15.67% 16.73%
Telecom (Wireless) 18 8.48% 5.91% 5.90% 7.80% 5.44% 5.43% 3.47%
Telecom. Equipment 104 23.43% 20.71% 14.78% 21.53% 19.03% 13.59% 19.79%
Telecom. Services 66 22.44% 17.65% 17.37% 20.64% 16.23% 15.97% 15.50%
Tobacco 24 140.48% 110.86% 100.89% 133.10% 105.03% 95.59% 47.50%
Transportation 18 35.27% 22.57% 22.55% 27.54% 17.63% 17.61% 22.43%
Transportation (Railroads) 8 19.08% 17.79% 17.79% 14.54% 13.55% 13.55% 17.27%
Trucking 30 16.43% 8.90% 8.90% 13.05% 7.07% 7.07% 8.62%
Utility (General) 18 9.64% 8.99% 8.99% 6.66% 6.21% 6.21% 9.14%
Utility (Water) 23 11.11% 10.48% 10.43% 9.43% 8.90% 8.86% 8.72%
Total Market 7247 8.37% 7.50% 7.24% 7.53% 6.75% 6.53% 7.66%
Total Market (without financials) 6057 18.52% 15.08% 13.84% 17.05% 13.88% 12.76% 15.21%

Last updated January 2018
By Aswath Damodaran