Cost
of Capital by SectorData Used: Value Line database, of 6177 firms
Date of Analysis: Data used is as of January 2013
can be obtained by clicking here
on
which companies are included in each industry
| Industry Name | Number of Firms | Beta | Cost of Equity | E/(D+E) | Std Dev in Stock | Cost of Debt | Tax Rate | After-tax Cost of Debt | D/(D+E) | Cost of Capital |
| Advertising | 32 | 1.68 | 11.51% | 71.00% | 97.40% | 4.76% | 16.02% | 4.00% | 29.00% | 9.33% |
| Aerospace/Defense | 66 | 0.98 | 7.45% | 78.97% | 44.98% | 2.76% | 20.08% | 2.21% | 21.03% | 6.35% |
| Air Transport | 36 | 1.03 | 7.73% | 62.86% | 64.94% | 3.26% | 21.35% | 2.56% | 37.14% | 5.81% |
| Apparel | 54 | 1.36 | 9.68% | 87.89% | 74.88% | 3.76% | 18.57% | 3.06% | 12.11% | 8.87% |
| Auto Parts | 54 | 1.76 | 11.94% | 80.41% | 57.43% | 3.26% | 18.77% | 2.65% | 19.59% | 10.12% |
| Automotive | 12 | 1.73 | 11.79% | 49.16% | 59.23% | 3.26% | 16.24% | 2.73% | 50.84% | 7.18% |
| Bank | 416 | 0.77 | 6.24% | 43.82% | 50.34% | 3.26% | 16.39% | 2.73% | 56.18% | 4.27% |
| Bank (Midwest) | 68 | 0.89 | 6.95% | 66.73% | 36.37% | 2.76% | 20.99% | 2.18% | 33.27% | 5.36% |
| Beverage | 35 | 0.95 | 7.26% | 81.78% | 47.17% | 2.76% | 18.82% | 2.24% | 18.22% | 6.34% |
| Biotechnology | 214 | 1.23 | 8.89% | 86.27% | 79.99% | 3.76% | 2.98% | 3.65% | 13.73% | 8.17% |
| Building Materials | 43 | 1.57 | 10.87% | 60.52% | 79.76% | 3.76% | 9.48% | 3.40% | 39.48% | 7.92% |
| Cable TV | 20 | 1.40 | 9.90% | 60.20% | 40.45% | 2.76% | 21.23% | 2.17% | 39.80% | 6.82% |
| Chemical (Basic) | 18 | 1.37 | 9.73% | 80.17% | 39.24% | 2.76% | 21.89% | 2.16% | 19.83% | 8.22% |
| Chemical (Diversified) | 33 | 1.55 | 10.75% | 85.70% | 49.02% | 2.76% | 19.75% | 2.21% | 14.30% | 9.53% |
| Chemical (Specialty) | 70 | 1.18 | 8.59% | 82.97% | 62.90% | 3.26% | 15.35% | 2.76% | 17.03% | 7.59% |
| Coal | 20 | 1.47 | 10.28% | 59.39% | 56.54% | 3.26% | 11.27% | 2.89% | 40.61% | 7.28% |
| Computer Software | 191 | 0.98 | 7.42% | 93.85% | 68.39% | 3.76% | 12.43% | 3.29% | 6.15% | 7.16% |
| Computers/Peripherals | 81 | 1.37 | 9.68% | 91.16% | 81.83% | 4.26% | 10.01% | 3.83% | 8.84% | 9.16% |
| Diversified Co. | 113 | 1.22 | 8.82% | 55.96% | 60.46% | 3.26% | 17.18% | 2.70% | 44.04% | 6.13% |
| Drug | 223 | 1.08 | 8.00% | 87.11% | 80.68% | 4.26% | 5.14% | 4.04% | 12.89% | 7.49% |
| E-Commerce | 64 | 1.05 | 7.86% | 93.69% | 80.60% | 4.26% | 10.52% | 3.81% | 6.31% | 7.61% |
| Educational Services | 33 | 0.91 | 7.01% | 80.17% | 83.08% | 4.26% | 21.72% | 3.33% | 19.83% | 6.28% |
| Electric Util. (Central) | 20 | 0.57 | 5.08% | 54.05% | 17.29% | 2.26% | 30.12% | 1.58% | 45.95% | 3.47% |
| Electric Utility (East) | 17 | 0.43 | 4.24% | 59.56% | 13.21% | 2.26% | 33.49% | 1.50% | 40.44% | 3.13% |
| Electric Utility (West) | 15 | 0.58 | 5.14% | 55.13% | 14.19% | 2.26% | 29.09% | 1.60% | 44.87% | 3.55% |
| Electrical Equipment | 64 | 1.43 | 10.03% | 89.06% | 67.79% | 3.76% | 16.15% | 3.15% | 10.94% | 9.28% |
| Electronics | 123 | 1.22 | 8.81% | 81.66% | 74.24% | 3.76% | 11.31% | 3.33% | 18.34% | 7.81% |
| Engineering & Const | 30 | 1.28 | 9.19% | 88.32% | 46.03% | 2.76% | 25.00% | 2.07% | 11.68% | 8.36% |
| Entertainment | 76 | 1.60 | 11.05% | 74.70% | 70.99% | 3.76% | 12.56% | 3.29% | 25.30% | 9.09% |
| Entertainment Tech | 42 | 1.11 | 8.20% | 89.65% | 53.25% | 3.26% | 11.01% | 2.90% | 10.35% | 7.66% |
| Environmental | 84 | 0.66 | 5.62% | 69.89% | 79.24% | 3.76% | 7.60% | 3.47% | 30.11% | 4.97% |
| Financial Svcs. (Div.) | 256 | 1.34 | 9.53% | 32.85% | 55.15% | 3.26% | 16.23% | 2.73% | 67.15% | 4.96% |
| Food Processing | 119 | 0.87 | 6.83% | 80.97% | 52.26% | 3.26% | 21.63% | 2.55% | 19.03% | 6.02% |
| Foreign Electronics | 10 | 1.10 | 8.13% | 68.63% | 31.24% | 2.76% | 23.12% | 2.12% | 31.37% | 6.24% |
| Funeral Services | 6 | 1.12 | 8.26% | 66.90% | 26.75% | 2.76% | 28.66% | 1.97% | 33.10% | 6.17% |
| Furn/Home Furnishings | 32 | 1.63 | 11.20% | 81.93% | 55.60% | 3.26% | 16.69% | 2.72% | 18.07% | 9.67% |
| Healthcare Information | 20 | 0.97 | 7.36% | 89.59% | 44.41% | 2.76% | 20.31% | 2.20% | 10.41% | 6.82% |
| Heavy Truck & Equip | 23 | 1.80 | 12.22% | 67.89% | 55.26% | 3.26% | 22.74% | 2.52% | 32.11% | 9.10% |
| Homebuilding | 22 | 1.55 | 10.73% | 66.86% | 66.75% | 3.76% | 7.12% | 3.49% | 33.14% | 8.33% |
| Hotel/Gaming | 57 | 1.65 | 11.33% | 69.09% | 55.66% | 3.26% | 17.52% | 2.69% | 30.91% | 8.66% |
| Household Products | 27 | 0.98 | 7.42% | 84.67% | 50.86% | 3.26% | 24.66% | 2.46% | 15.33% | 6.66% |
| Human Resources | 25 | 1.38 | 9.76% | 90.25% | 51.64% | 3.26% | 26.61% | 2.39% | 9.75% | 9.04% |
| Industrial Services | 136 | 0.97 | 7.38% | 73.23% | 57.24% | 3.26% | 20.19% | 2.60% | 26.77% | 6.10% |
| Information Services | 28 | 1.25 | 9.00% | 77.85% | 48.75% | 2.76% | 18.33% | 2.25% | 22.15% | 7.50% |
| Insurance (Life) | 32 | 1.44 | 10.11% | 64.16% | 42.20% | 2.76% | 21.09% | 2.18% | 35.84% | 7.27% |
| Insurance (Prop/Cas.) | 62 | 0.85 | 6.69% | 82.32% | 28.57% | 2.76% | 10.73% | 2.46% | 17.68% | 5.95% |
| Internet | 194 | 1.17 | 8.56% | 97.76% | 97.81% | 4.76% | 8.43% | 4.36% | 2.24% | 8.47% |
| Investment Companies | 31 | 1.27 | 9.11% | 92.98% | 24.10% | 2.26% | 2.26% | 2.21% | 7.02% | 8.63% |
| IT Services | 63 | 1.05 | 7.83% | 94.59% | 56.11% | 3.26% | 16.27% | 2.73% | 5.41% | 7.55% |
| Machinery | 94 | 1.26 | 9.07% | 85.19% | 45.07% | 2.76% | 22.73% | 2.13% | 14.81% | 8.05% |
| Maritime | 51 | 1.51 | 10.53% | 35.56% | 62.52% | 3.26% | 7.92% | 3.00% | 64.44% | 5.68% |
| Med Supp Invasive | 87 | 0.87 | 6.78% | 85.85% | 55.49% | 3.26% | 12.60% | 2.85% | 14.15% | 6.23% |
| Med Supp Non-Invasive | 143 | 1.07 | 7.94% | 88.58% | 67.73% | 3.76% | 10.61% | 3.36% | 11.42% | 7.42% |
| Medical Services | 118 | 0.84 | 6.62% | 66.56% | 74.16% | 3.76% | 17.72% | 3.09% | 33.44% | 5.44% |
| Metal Fabricating | 25 | 1.63 | 11.19% | 80.91% | 60.59% | 3.26% | 23.30% | 2.50% | 19.09% | 9.53% |
| Metals & Mining (Div.) | 77 | 1.62 | 11.14% | 86.64% | 93.05% | 4.76% | 11.24% | 4.23% | 13.36% | 10.22% |
| Natural Gas (Div.) | 31 | 1.28 | 9.16% | 70.88% | 44.57% | 2.76% | 22.02% | 2.15% | 29.12% | 7.12% |
| Natural Gas Utility | 27 | 0.46 | 4.40% | 60.18% | 28.44% | 2.76% | 28.80% | 1.97% | 39.82% | 3.43% |
| Newspaper | 14 | 1.86 | 12.56% | 71.79% | 54.39% | 3.26% | 18.35% | 2.66% | 28.21% | 9.77% |
| Office Equip/Supplies | 22 | 1.43 | 10.03% | 58.09% | 51.92% | 3.26% | 22.66% | 2.52% | 41.91% | 6.88% |
| Oil/Gas Distribution | 12 | 1.02 | 7.65% | 65.19% | 35.63% | 2.76% | 18.11% | 2.26% | 34.81% | 5.77% |
| Oilfield Svcs/Equip. | 81 | 1.66 | 11.39% | 78.30% | 59.58% | 3.26% | 18.20% | 2.67% | 21.70% | 9.50% |
| Packaging & Container | 27 | 1.20 | 8.72% | 64.03% | 36.52% | 2.76% | 23.09% | 2.12% | 35.97% | 6.35% |
| Paper/Forest Products | 32 | 1.37 | 9.73% | 69.93% | 52.28% | 3.26% | 11.43% | 2.89% | 30.07% | 7.67% |
| Petroleum (Integrated) | 26 | 1.17 | 8.55% | 83.01% | 47.25% | 2.76% | 30.34% | 1.92% | 16.99% | 7.42% |
| Petroleum (Producing) | 176 | 1.45 | 10.18% | 78.05% | 71.26% | 3.76% | 11.71% | 3.32% | 21.95% | 8.68% |
| Pharmacy Services | 18 | 1.17 | 8.53% | 84.12% | 42.23% | 2.76% | 23.18% | 2.12% | 15.88% | 7.51% |
| Pipeline MLPs | 53 | 0.74 | 6.05% | 69.27% | 24.88% | 2.26% | 4.30% | 2.16% | 30.73% | 4.86% |
| Power | 101 | 1.35 | 9.61% | 37.96% | 84.63% | 4.26% | 6.19% | 4.00% | 62.04% | 6.13% |
| Precious Metals | 83 | 1.03 | 7.75% | 87.99% | 77.77% | 3.76% | 11.13% | 3.34% | 12.01% | 7.22% |
| Precision Instrument | 82 | 1.27 | 9.12% | 82.50% | 60.11% | 3.26% | 14.13% | 2.80% | 17.50% | 8.01% |
| Property Management | 31 | 1.30 | 9.30% | 47.04% | 50.63% | 3.26% | 16.50% | 2.72% | 52.96% | 5.82% |
| Public/Private Equity | 12 | 2.02 | 13.48% | 77.68% | 42.00% | 2.76% | 19.17% | 2.23% | 22.32% | 10.97% |
| Publishing | 29 | 1.17 | 8.56% | 73.45% | 65.72% | 3.76% | 22.69% | 2.91% | 26.55% | 7.06% |
| R.E.I.T. | 127 | 1.43 | 10.04% | 72.99% | 34.76% | 2.76% | 0.04% | 2.76% | 27.01% | 8.07% |
| Railroad | 12 | 1.32 | 9.40% | 81.00% | 35.73% | 2.76% | 28.60% | 1.97% | 19.00% | 7.99% |
| Recreation | 51 | 1.45 | 10.14% | 72.59% | 52.30% | 3.26% | 20.31% | 2.60% | 27.41% | 8.08% |
| Reinsurance | 11 | 0.82 | 6.49% | 84.10% | 20.74% | 2.26% | 3.58% | 2.18% | 15.90% | 5.80% |
| Restaurant | 65 | 1.16 | 8.48% | 88.38% | 50.92% | 3.26% | 19.23% | 2.63% | 11.62% | 7.80% |
| Retail (Hardlines) | 79 | 1.79 | 12.14% | 79.36% | 63.49% | 3.26% | 22.55% | 2.52% | 20.64% | 10.15% |
| Retail (Softlines) | 42 | 1.43 | 10.05% | 94.71% | 42.54% | 2.76% | 25.57% | 2.05% | 5.29% | 9.63% |
| Retail Automotive | 19 | 1.39 | 9.82% | 69.29% | 64.20% | 3.26% | 32.69% | 2.19% | 30.71% | 7.48% |
| Retail Building Supply | 10 | 1.11 | 8.22% | 89.51% | 31.82% | 2.76% | 25.56% | 2.05% | 10.49% | 7.57% |
| Retail Store | 38 | 1.29 | 9.26% | 79.63% | 63.15% | 3.26% | 24.83% | 2.45% | 20.37% | 7.87% |
| Retail/Wholesale Food | 30 | 0.68 | 5.69% | 74.16% | 29.93% | 2.76% | 31.18% | 1.90% | 25.84% | 4.71% |
| Securities Brokerage | 27 | 1.07 | 7.95% | 27.43% | 40.56% | 2.76% | 30.41% | 1.92% | 72.57% | 3.57% |
| Semiconductor | 142 | 1.49 | 10.41% | 90.86% | 53.65% | 3.26% | 11.71% | 2.88% | 9.14% | 9.72% |
| Semiconductor Equip | 10 | 1.79 | 12.16% | 85.48% | 40.44% | 2.76% | 15.21% | 2.34% | 14.52% | 10.73% |
| Shoe | 17 | 1.26 | 9.09% | 98.10% | 47.32% | 2.76% | 19.89% | 2.21% | 1.90% | 8.96% |
| Steel | 33 | 1.65 | 11.32% | 64.02% | 45.66% | 2.76% | 24.24% | 2.09% | 35.98% | 8.00% |
| Telecom. Equipment | 105 | 1.07 | 7.96% | 88.25% | 64.86% | 3.26% | 14.01% | 2.80% | 11.75% | 7.35% |
| Telecom. Services | 76 | 1.15 | 8.43% | 75.86% | 64.04% | 3.26% | 16.22% | 2.73% | 24.14% | 7.05% |
| Telecom. Utility | 23 | 0.92 | 7.08% | 48.02% | 43.85% | 2.76% | 26.94% | 2.02% | 51.98% | 4.45% |
| Thrift | 170 | 0.68 | 5.68% | 83.68% | 41.73% | 2.76% | 15.84% | 2.32% | 16.32% | 5.13% |
| Tobacco | 11 | 0.86 | 6.75% | 84.13% | 36.44% | 2.76% | 32.82% | 1.85% | 15.87% | 5.97% |
| Toiletries/Cosmetics | 14 | 1.17 | 8.52% | 82.90% | 40.10% | 2.76% | 27.33% | 2.01% | 17.10% | 7.41% |
| Trucking | 34 | 1.09 | 8.08% | 70.26% | 48.32% | 2.76% | 25.94% | 2.04% | 29.74% | 6.28% |
| Water Utility | 11 | 0.49 | 4.61% | 57.74% | 37.24% | 2.76% | 31.45% | 1.89% | 42.26% | 3.46% |
| Wireless Networking | 58 | 1.35 | 9.62% | 79.57% | 62.91% | 3.26% | 10.06% | 2.93% | 20.43% | 8.25% |
| Total Market | 6177 | 1.17 | 8.53% | 69.97% | 59.15% | 3.26% | 14.93% | 2.77% | 30.03% | 6.80% |