Total
Betas by Sector (for computing private company costs of equity)Data Used: Value Line database, of 7364 firms
Date of Analysis: Data used is as of January 2008
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 | 40 | 1.32 | 40.27% | 3.28 |
| Aerospace/Defense | 69 | 1.12 | 47.77% | 2.34 |
| Air Transport | 49 | 1.15 | 47.42% | 2.43 |
| Apparel | 57 | 0.81 | 35.58% | 2.28 |
| Auto & Truck | 28 | 1.00 | 63.82% | 1.56 |
| Auto Parts | 56 | 1.17 | 43.18% | 2.71 |
| Bank | 504 | 0.52 | 53.84% | 0.96 |
| Bank (Canadian) | 8 | 0.66 | 70.88% | 0.93 |
| Bank (Midwest) | 38 | 0.72 | 70.79% | 1.01 |
| Beverage | 44 | 0.82 | 44.22% | 1.86 |
| Biotechnology | 103 | 1.53 | 33.38% | 4.60 |
| Building Materials | 49 | 0.92 | 45.00% | 2.04 |
| Cable TV | 23 | 1.10 | 47.21% | 2.33 |
| Canadian Energy | 13 | 0.72 | 48.20% | 1.50 |
| Chemical (Basic) | 19 | 1.39 | 57.70% | 2.41 |
| Chemical (Diversified) | 37 | 1.10 | 56.82% | 1.93 |
| Chemical (Specialty) | 90 | 0.98 | 44.86% | 2.18 |
| Coal | 18 | 1.55 | 51.04% | 3.03 |
| Computer Software/Svcs | 376 | 1.66 | 34.08% | 4.86 |
| Computers/Peripherals | 144 | 1.97 | 37.57% | 5.23 |
| Diversified Co. | 107 | 0.96 | 50.21% | 1.92 |
| Drug | 368 | 1.82 | 35.11% | 5.18 |
| E-Commerce | 56 | 2.29 | 45.61% | 5.03 |
| Educational Services | 39 | 1.34 | 35.79% | 3.75 |
| Electric Util. (Central) | 25 | 0.62 | 74.17% | 0.84 |
| Electric Utility (East) | 27 | 0.64 | 69.24% | 0.93 |
| Electric Utility (West) | 17 | 0.64 | 77.39% | 0.83 |
| Electrical Equipment | 86 | 0.87 | 41.90% | 2.09 |
| Electronics | 179 | 1.32 | 35.66% | 3.71 |
| Entertainment | 93 | 1.23 | 41.98% | 2.93 |
| Entertainment Tech | 38 | 2.35 | 44.94% | 5.24 |
| Environmental | 89 | 0.73 | 31.86% | 2.28 |
| Financial Svcs. (Div.) | 294 | 0.48 | 46.35% | 1.04 |
| Food Processing | 123 | 0.69 | 46.03% | 1.49 |
| Food Wholesalers | 19 | 0.63 | 39.59% | 1.58 |
| Foreign Electronics | 10 | 1.15 | 73.19% | 1.56 |
| Furn/Home Furnishings | 39 | 0.94 | 43.68% | 2.16 |
| Grocery | 15 | 0.83 | 55.84% | 1.49 |
| Healthcare Information | 38 | 0.90 | 37.88% | 2.38 |
| Heavy Construction | 12 | 1.33 | 50.21% | 2.65 |
| Home Appliance | 11 | 0.85 | 51.27% | 1.65 |
| Homebuilding | 36 | 0.92 | 49.07% | 1.86 |
| Hotel/Gaming | 75 | 0.99 | 37.82% | 2.61 |
| Household Products | 28 | 0.82 | 51.34% | 1.59 |
| Human Resources | 35 | 1.51 | 49.67% | 3.03 |
| Industrial Services | 196 | 1.09 | 34.63% | 3.13 |
| Information Services | 38 | 1.01 | 52.13% | 1.93 |
| Insurance (Life) | 40 | 0.99 | 62.51% | 1.58 |
| Insurance (Prop/Cas.) | 87 | 0.90 | 62.03% | 1.44 |
| Internet | 266 | 2.09 | 29.56% | 7.08 |
| Investment Co. | 18 | 0.71 | 74.38% | 0.96 |
| Investment Co.(Foreign) | 15 | 1.36 | 70.99% | 1.92 |
| Machinery | 126 | 1.04 | 45.58% | 2.29 |
| Manuf. Housing/RV | 18 | 1.96 | 47.84% | 4.11 |
| Maritime | 52 | 0.62 | 51.83% | 1.19 |
| Medical Services | 178 | 1.04 | 34.96% | 2.96 |
| Medical Supplies | 274 | 1.40 | 36.35% | 3.84 |
| Metal Fabricating | 37 | 1.14 | 42.67% | 2.68 |
| Metals & Mining (Div.) | 78 | 1.02 | 34.64% | 2.93 |
| Natural Gas (Div.) | 31 | 0.77 | 55.22% | 1.39 |
| Natural Gas Utility | 26 | 0.53 | 58.24% | 0.91 |
| Newspaper | 18 | 0.89 | 56.50% | 1.58 |
| Office Equip/Supplies | 25 | 0.99 | 48.28% | 2.05 |
| Oil/Gas Distribution | 15 | 0.53 | 63.58% | 0.84 |
| Oilfield Svcs/Equip. | 113 | 1.05 | 44.29% | 2.36 |
| Packaging & Container | 35 | 0.82 | 52.33% | 1.57 |
| Paper/Forest Products | 39 | 0.73 | 52.33% | 1.39 |
| Petroleum (Integrated) | 26 | 1.01 | 53.10% | 1.90 |
| Petroleum (Producing) | 186 | 0.87 | 31.75% | 2.74 |
| Pharmacy Services | 19 | 1.01 | 49.48% | 2.04 |
| Power | 58 | 1.72 | 33.38% | 5.14 |
| Precious Metals | 84 | 1.11 | 32.82% | 3.37 |
| Precision Instrument | 103 | 1.71 | 44.08% | 3.87 |
| Property Management | 12 | 0.56 | 67.77% | 0.83 |
| Publishing | 40 | 1.07 | 44.33% | 2.42 |
| R.E.I.T. | 147 | 0.70 | 59.39% | 1.17 |
| Railroad | 16 | 1.07 | 57.42% | 1.86 |
| Recreation | 73 | 1.32 | 44.68% | 2.95 |
| Reinsurance | 11 | 1.12 | 66.82% | 1.67 |
| Restaurant | 75 | 0.86 | 44.87% | 1.92 |
| Retail (Special Lines) | 164 | 1.28 | 42.69% | 3.01 |
| Retail Automotive | 16 | 1.30 | 63.23% | 2.05 |
| Retail Building Supply | 9 | 1.12 | 64.54% | 1.73 |
| Retail Store | 42 | 1.03 | 51.73% | 1.99 |
| Securities Brokerage | 31 | 0.98 | 50.95% | 1.93 |
| Semiconductor | 138 | 2.81 | 48.35% | 5.80 |
| Semiconductor Equip | 16 | 2.74 | 65.87% | 4.15 |
| Shoe | 20 | 1.58 | 49.69% | 3.17 |
| Steel (General) | 26 | 1.72 | 55.17% | 3.12 |
| Steel (Integrated) | 14 | 1.83 | 42.85% | 4.28 |
| Telecom. Equipment | 124 | 2.21 | 38.13% | 5.79 |
| Telecom. Services | 152 | 1.07 | 39.79% | 2.68 |
| Thrift | 234 | 0.53 | 50.13% | 1.05 |
| Tobacco | 11 | 0.68 | 50.31% | 1.35 |
| Toiletries/Cosmetics | 21 | 0.79 | 44.37% | 1.78 |
| Trucking | 32 | 0.82 | 51.60% | 1.60 |
| Utility (Foreign) | 6 | 1.03 | 62.12% | 1.65 |
| Water Utility | 16 | 0.59 | 55.26% | 1.06 |
| Wireless Networking | 74 | 2.07 | 41.17% | 5.02 |
| Market | 7364 | 1.09 | 44.35% | 2.46 |