Return on Equity by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2021

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/roe.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 ROE (unadjusted) ROE (adjusted for R&D)
Advertising 61 2.93% 2.45%
Aerospace/Defense 72 8.54% 6.90%
Air Transport 17 -47.03% -46.40%
Apparel 51 -8.19% -8.12%
Auto & Truck 19 4.49% 2.39%
Auto Parts 52 -14.31% -11.47%
Bank (Money Center) 7 7.41% 7.41%
Banks (Regional) 598 8.22% 8.22%
Beverage (Alcoholic) 23 10.10% 10.10%
Beverage (Soft) 41 28.86% 27.83%
Broadcasting 29 0.24% 0.24%
Brokerage & Investment Banking 39 12.08% 12.07%
Building Materials 42 20.54% 18.13%
Business & Consumer Services 169 6.81% 6.72%
Cable TV 13 11.47% 11.40%
Chemical (Basic) 48 -1.82% -1.73%
Chemical (Diversified) 5 13.25% 11.52%
Chemical (Specialty) 97 2.50% 2.20%
Coal & Related Energy 29 -41.66% -41.62%
Computer Services 116 13.50% 11.03%
Computers/Peripherals 52 50.53% 29.56%
Construction Supplies 46 13.20% 10.77%
Diversified 29 10.62% 10.12%
Drugs (Biotechnology) 547 -1.19% 1.30%
Drugs (Pharmaceutical) 287 18.98% 11.98%
Education 38 -5.66% -5.29%
Electrical Equipment 122 17.67% 14.62%
Electronics (Consumer & Office) 22 -4.89% -1.67%
Electronics (General) 157 6.67% 5.48%
Engineering/Construction 61 2.54% 2.52%
Entertainment 118 -2.87% -2.10%
Environmental & Waste Services 86 6.21% 6.21%
Farming/Agriculture 32 14.03% 11.85%
Financial Svcs. (Non-bank & Insurance) 235 64.28% 61.83%
Food Processing 101 10.12% 9.85%
Food Wholesalers 18 -5.03% -5.03%
Furn/Home Furnishings 40 13.37% 11.67%
Green & Renewable Energy 25 -20.59% -20.51%
Healthcare Products 265 10.55% 8.39%
Healthcare Support Services 129 16.60% 16.56%
Heathcare Information and Technology 139 14.11% 12.00%
Homebuilding 30 17.70% 17.70%
Hospitals/Healthcare Facilities 32 70.64% 70.59%
Hotel/Gaming 66 -30.40% -28.37%
Household Products 140 31.60% 27.38%
Information Services 77 14.35% 13.41%
Insurance (General) 21 1.49% 1.51%
Insurance (Life) 26 5.61% 5.61%
Insurance (Prop/Cas.) 55 9.19% 9.19%
Investments & Asset Management 348 12.35% 12.24%
Machinery 125 12.65% 11.15%
Metals & Mining 86 2.67% 2.61%
Office Equipment & Services 22 6.36% 5.16%
Oil/Gas (Integrated) 3 -6.19% -6.09%
Oil/Gas (Production and Exploration) 278 -37.09% -37.04%
Oil/Gas Distribution 57 1.28% 1.28%
Oilfield Svcs/Equip. 135 -26.63% -25.74%
Packaging & Container 26 9.76% 9.48%
Paper/Forest Products 15 4.69% 4.66%
Power 55 7.69% 7.67%
Precious Metals 93 8.27% 8.13%
Publishing & Newspapers 29 -14.18% -14.00%
R.E.I.T. 238 2.17% 2.17%
Real Estate (Development) 25 -0.13% -0.13%
Real Estate (General/Diversified) 11 2.00% 2.00%
Real Estate (Operations & Services) 61 4.71% 4.77%
Recreation 69 -7.19% -5.32%
Reinsurance 2 2.42% 2.42%
Restaurant/Dining 79 NA NA
Retail (Automotive) 30 36.28% 36.28%
Retail (Building Supply) 15 0.27% 0.27%
Retail (Distributors) 85 9.67% 9.67%
Retail (General) 17 20.64% 20.61%
Retail (Grocery and Food) 14 30.63% 30.63%
Retail (Online) 75 27.05% 12.88%
Retail (Special Lines) 85 -0.64% -0.56%
Rubber& Tires 3 -25.69% -20.52%
Semiconductor 70 22.13% 14.38%
Semiconductor Equip 40 32.23% 21.20%
Shipbuilding & Marine 11 -5.70% -5.70%
Shoe 11 23.70% 23.44%
Software (Entertainment) 101 17.71% 13.44%
Software (Internet) 36 -11.23% -4.11%
Software (System & Application) 388 28.09% 17.83%
Steel 32 -2.84% -2.82%
Telecom (Wireless) 16 8.91% 9.15%
Telecom. Equipment 96 17.10% 10.42%
Telecom. Services 58 11.27% 11.08%
Tobacco 15 -0.23% -0.23%
Transportation 21 22.77% 22.73%
Transportation (Railroads) 6 21.47% 21.47%
Trucking 35 -17.70% -17.27%
Utility (General) 16 7.49% 7.48%
Utility (Water) 17 8.99% 8.98%
Total Market 7582 8.25% 7.44%
Total Market (without financials) 6253 7.78% 6.83%

Last updated January 2021
By Aswath Damodaran