Total
Betas by Sector (for computing private company costs of equity)Data Used: Value Line database, of 6870 firms
Date of Analysis: Data used is as of January 2009
can be obtained by clicking here
on
which companies are included in each industry
| Industry Name | Number of Firms | Unlevered Beta corrected for cash | Correlation with market | Total Beta (Unlevered) |
| Advertising | 30 | 0.87 | 31.11% | 2.79 |
| Aerospace/Defense | 66 | 1.20 | 40.96% | 2.92 |
| Air Transport | 44 | 0.86 | 38.13% | 2.27 |
| Apparel | 53 | 0.93 | 31.92% | 2.92 |
| Auto & Truck | 20 | 0.76 | 53.78% | 1.41 |
| Auto Parts | 54 | 1.10 | 39.68% | 2.78 |
| Bank | 477 | 0.47 | 42.58% | 1.10 |
| Bank (Canadian) | 8 | 0.83 | 69.92% | 1.18 |
| Bank (Midwest) | 39 | 0.66 | 50.12% | 1.32 |
| Beverage | 41 | 0.85 | 32.08% | 2.64 |
| Biotechnology | 108 | 1.27 | 29.42% | 4.33 |
| Building Materials | 52 | 0.80 | 40.23% | 1.99 |
| Cable TV | 25 | 0.95 | 34.14% | 2.79 |
| Canadian Energy | 12 | 0.99 | 56.07% | 1.76 |
| Chemical (Basic) | 19 | 1.10 | 53.05% | 2.08 |
| Chemical (Diversified) | 33 | 1.10 | 51.91% | 2.12 |
| Chemical (Specialty) | 88 | 0.98 | 38.12% | 2.56 |
| Coal | 18 | 1.43 | 45.32% | 3.16 |
| Computer Software/Svcs | 322 | 1.33 | 30.88% | 4.31 |
| Computers/Peripherals | 125 | 1.39 | 29.13% | 4.76 |
| Diversified Co. | 113 | 0.60 | 40.18% | 1.51 |
| Drug | 342 | 1.14 | 29.04% | 3.94 |
| E-Commerce | 54 | 1.76 | 36.34% | 4.85 |
| Educational Services | 34 | 0.89 | 29.19% | 3.05 |
| Electric Util. (Central) | 24 | 0.49 | 62.72% | 0.78 |
| Electric Utility (East) | 26 | 0.50 | 56.20% | 0.89 |
| Electric Utility (West) | 16 | 0.50 | 63.07% | 0.79 |
| Electrical Equipment | 83 | 1.26 | 37.28% | 3.38 |
| Electronics | 173 | 1.23 | 31.11% | 3.96 |
| Entertainment | 84 | 1.09 | 33.82% | 3.22 |
| Entertainment Tech | 33 | 2.33 | 34.03% | 6.84 |
| Environmental | 79 | 0.80 | 29.08% | 2.75 |
| Financial Svcs. (Div.) | 296 | 0.45 | 36.69% | 1.22 |
| Food Processing | 109 | 0.65 | 35.22% | 1.84 |
| Food Wholesalers | 18 | 0.54 | 33.44% | 1.61 |
| Foreign Electronics | 10 | 1.40 | 60.15% | 2.33 |
| Furn/Home Furnishings | 34 | 0.94 | 34.74% | 2.71 |
| Grocery | 14 | 0.78 | 46.78% | 1.66 |
| Healthcare Information | 29 | 1.04 | 30.82% | 3.37 |
| Heavy Construction | 14 | 1.74 | 51.01% | 3.41 |
| Homebuilding | 32 | 0.65 | 44.48% | 1.46 |
| Hotel/Gaming | 68 | 0.84 | 40.54% | 2.07 |
| Household Products | 26 | 0.95 | 45.10% | 2.11 |
| Human Resources | 31 | 1.61 | 44.38% | 3.62 |
| Industrial Services | 167 | 0.98 | 31.97% | 3.07 |
| Information Services | 34 | 1.24 | 44.08% | 2.82 |
| Insurance (Life) | 35 | 1.27 | 47.38% | 2.68 |
| Insurance (Prop/Cas.) | 78 | 0.92 | 52.53% | 1.75 |
| Internet | 208 | 1.66 | 26.21% | 6.33 |
| Investment Co. | 17 | 0.90 | 69.77% | 1.29 |
| Investment Co.(Foreign) | 16 | 1.36 | 64.28% | 2.12 |
| Machinery | 124 | 1.08 | 41.14% | 2.64 |
| Manuf. Housing/RV | 18 | 1.38 | 39.74% | 3.47 |
| Maritime | 56 | 0.52 | 51.34% | 1.01 |
| Medical Services | 160 | 0.90 | 31.10% | 2.89 |
| Medical Supplies | 252 | 1.13 | 30.76% | 3.68 |
| Metal Fabricating | 35 | 1.55 | 40.33% | 3.85 |
| Metals & Mining (Div.) | 78 | 1.48 | 34.18% | 4.33 |
| Natural Gas (Div.) | 34 | 0.85 | 49.75% | 1.72 |
| Natural Gas Utility | 25 | 0.43 | 56.22% | 0.77 |
| Newspaper | 16 | 0.72 | 46.02% | 1.56 |
| Office Equip/Supplies | 26 | 0.84 | 42.17% | 1.99 |
| Oil/Gas Distribution | 19 | 0.53 | 53.93% | 0.97 |
| Oilfield Svcs/Equip. | 112 | 1.27 | 45.66% | 2.77 |
| Packaging & Container | 33 | 0.81 | 45.73% | 1.78 |
| Paper/Forest Products | 38 | 0.64 | 43.34% | 1.47 |
| Petroleum (Integrated) | 25 | 1.30 | 54.17% | 2.39 |
| Petroleum (Producing) | 188 | 0.97 | 35.75% | 2.70 |
| Pharmacy Services | 19 | 0.81 | 42.89% | 1.89 |
| Power | 66 | 0.95 | 34.58% | 2.75 |
| Precious Metals | 75 | 1.37 | 34.94% | 3.93 |
| Precision Instrument | 90 | 1.59 | 36.67% | 4.33 |
| Property Management | 17 | 0.46 | 48.97% | 0.95 |
| Publishing | 27 | 0.62 | 38.49% | 1.60 |
| R.E.I.T. | 144 | 0.92 | 47.99% | 1.92 |
| Railroad | 15 | 0.99 | 52.69% | 1.89 |
| Recreation | 64 | 1.01 | 32.73% | 3.09 |
| Reinsurance | 11 | 1.00 | 60.72% | 1.65 |
| Restaurant | 68 | 1.09 | 36.55% | 2.97 |
| Retail (Special Lines) | 155 | 1.22 | 34.89% | 3.50 |
| Retail Automotive | 16 | 0.93 | 56.37% | 1.65 |
| Retail Building Supply | 8 | 0.86 | 53.69% | 1.61 |
| Retail Store | 38 | 0.86 | 42.28% | 2.04 |
| Securities Brokerage | 32 | 0.37 | 41.89% | 0.88 |
| Semiconductor | 122 | 2.11 | 36.68% | 5.76 |
| Semiconductor Equip | 16 | 2.20 | 51.83% | 4.25 |
| Shoe | 19 | 1.39 | 42.09% | 3.31 |
| Steel (General) | 20 | 1.53 | 49.69% | 3.09 |
| Steel (Integrated) | 14 | 1.54 | 37.95% | 4.05 |
| Telecom. Equipment | 110 | 1.87 | 30.39% | 6.15 |
| Telecom. Services | 140 | 1.06 | 33.04% | 3.20 |
| Thrift | 234 | 0.69 | 39.98% | 1.73 |
| Tobacco | 12 | 0.69 | 41.06% | 1.67 |
| Toiletries/Cosmetics | 23 | 0.79 | 34.20% | 2.32 |
| Trucking | 33 | 0.66 | 46.03% | 1.44 |
| Utility (Foreign) | 5 | 0.85 | 60.16% | 1.41 |
| Water Utility | 16 | 0.57 | 55.07% | 1.03 |
| Wireless Networking | 57 | 1.28 | 37.14% | 3.44 |
| Public/Private Equity | 10 | 0.48 | 52.45% | 0.92 |
| Funeral Services | 6 | 1.02 | 55.64% | 1.83 |
| Total Market | 6870 | 0.93 | 37.88% | 2.46 |