Value Multiples by Sector

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 Value/EBITDA Value/EBIT Value/EBIT(1-t)
Advertising 40 9.33 12.03 17.83
Aerospace/Defense 69 10.43 12.67 18.37
Air Transport 49 4.92 6.50 8.70
Apparel 57 7.56 8.99 13.46
Auto & Truck 28 4.57 6.63 9.62
Auto Parts 56 5.75 8.66 9.85
Bank 504 7.91 7.91 11.81
Bank (Canadian) 8 7.63 7.63 9.59
Bank (Midwest) 38 8.45 8.45 12.08
Beverage 44 13.61 16.96 23.47
Biotechnology 103 17.11 20.87 32.28
Building Materials 49 7.13 8.71 12.48
Cable TV 23 6.15 9.25 15.21
Canadian Energy 13 5.83 7.58 12.11
Chemical (Basic) 19 10.78 14.54 18.07
Chemical (Diversified) 37 6.38 7.91 13.33
Chemical (Specialty) 90 8.12 10.54 14.59
Coal 18 10.11 13.74 15.84
Computer Software/Svcs 376 13.57 16.14 23.33
Computers/Peripherals 144 12.27 15.83 21.30
Diversified Co. 107 10.17 12.26 16.90
Drug 368 9.47 11.94 16.38
E-Commerce 56 26.35 36.98 50.86
Educational Services 39 13.71 16.63 27.46
Electric Util. (Central) 25 6.87 9.62 13.58
Electric Utility (East) 27 8.21 10.95 16.23
Electric Utility (West) 17 5.54 7.69 11.38
Electrical Equipment 86 7.51 8.31 10.20
Electronics 179 8.67 11.82 16.27
Entertainment 93 7.92 10.17 14.81
Entertainment Tech 38 100.41 NA NA
Environmental 89 6.90 9.46 15.27
Financial Svcs. (Div.) 294 8.65 8.82 11.20
Food Processing 123 11.13 13.54 18.96
Food Wholesalers 19 6.09 8.01 14.59
Foreign Electronics 10 5.55 8.45 14.17
Furn/Home Furnishings 39 5.82 7.32 10.65
Grocery 15 5.82 8.12 12.94
Healthcare Information 38 10.20 14.26 20.40
Heavy Construction 12 16.51 20.07 32.56
Home Appliance 11 6.53 8.43 11.39
Homebuilding 36 6.20 6.57 10.90
Hotel/Gaming 75 11.75 15.07 21.87
Household Products 28 10.78 12.81 18.16
Human Resources 35 6.96 8.59 13.73
Industrial Services 196 6.92 9.63 14.64
Information Services 38 11.28 13.77 19.90
Insurance (Life) 40 4.66 4.66 6.27
Insurance (Prop/Cas.) 87 NA NA NA
Internet 266 24.86 31.19 44.48
Investment Co. 18 986.33 NA NA
Investment Co.(Foreign) 15 40.15 42.00 62.62
Machinery 126 9.00 11.04 15.94
Manuf. Housing/RV 18 9.20 11.46 20.00
Maritime 52 9.17 12.07 12.67
Medical Services 178 7.92 8.98 14.37
Medical Supplies 274 12.57 15.12 20.39
Metal Fabricating 37 9.15 10.90 13.24
Metals & Mining (Div.) 78 13.72 15.78 21.37
Natural Gas (Div.) 31 6.49 8.72 12.55
Natural Gas Utility 26 6.76 8.76 12.97
Newspaper 18 6.57 7.94 12.05
Office Equip/Supplies 25 6.13 7.67 11.11
Oil/Gas Distribution 15 11.54 15.01 17.59
Oilfield Svcs/Equip. 113 10.41 12.62 17.49
Packaging & Container 35 5.99 8.09 11.32
Paper/Forest Products 39 5.79 8.13 10.80
Petroleum (Integrated) 26 5.03 6.01 10.35
Petroleum (Producing) 186 5.28 6.63 9.50
Pharmacy Services 19 24.29 37.45 55.14
Power 58 36.15 47.72 63.98
Precious Metals 84 12.71 17.18 23.54
Precision Instrument 103 10.47 14.41 20.97
Property Management 12 10.13 12.16 14.86
Publishing 40 8.87 10.92 15.91
R.E.I.T. 147 22.09 28.68 32.60
Railroad 16 6.77 8.48 13.12
Recreation 73 7.73 9.87 12.36
Reinsurance 11 128.07 128.07 151.87
Restaurant 75 8.67 11.05 16.13
Retail (Special Lines) 164 5.83 7.58 11.85
Retail Automotive 16 6.52 8.00 13.02
Retail Building Supply 9 4.74 5.52 8.90
Retail Store 42 7.86 9.90 15.35
Securities Brokerage 31 6.90 7.02 10.26
Semiconductor 138 7.79 11.10 14.07
Semiconductor Equip 16 7.02 8.30 11.27
Shoe 20 9.91 11.19 17.13
Steel (General) 26 5.68 6.46 9.84
Steel (Integrated) 14 8.03 9.87 12.45
Telecom. Equipment 124 12.76 15.17 20.75
Telecom. Services 152 6.84 9.23 11.71
Thrift 234 7.60 7.60 10.96
Tobacco 11 16.41 17.82 24.76
Toiletries/Cosmetics 21 10.59 13.13 20.35
Trucking 32 3.61 5.09 8.04
Utility (Foreign) 6 46.82 65.55 65.55
Water Utility 16 8.30 10.52 17.06
Wireless Networking 74 20.98 32.30 54.87
Market 7364 8.50 10.35 14.81


Last Updated in January 2008
By Aswath Damodaran