Price and Value to Book Ratio by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2025

Download as an excel file instead: https://www.stern.nyu.edu/~adamodar/pc/datasets/pbvdata.xls

For global datasets: https://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 PBV ROE EV/ Invested Capital ROIC
Advertising 54 6.98 11.85% 8.29 34.91%
Aerospace/Defense 67 6.83 11.94% 5.38 14.03%
Air Transport 24 2.94 13.27% 1.78 8.48%
Apparel 37 3.14 8.47% 2.47 15.26%
Auto & Truck 34 6.85 9.27% 3.11 3.15%
Auto Parts 33 1.65 7.09% 1.33 8.66%
Bank (Money Center) 15 1.32 11.52% 1.23 NA
Banks (Regional) 591 1.13 6.80% 1.31 NA
Beverage (Alcoholic) 18 2.70 9.49% 2.68 17.86%
Beverage (Soft) 29 7.48 30.61% 5.90 30.61%
Broadcasting 22 1.02 -9.12% 1.49 12.68%
Brokerage & Investment Banking 30 2.11 13.11% 1.32 NA
Building Materials 39 4.27 27.36% 4.74 26.84%
Business & Consumer Services 152 5.94 18.27% 6.79 26.83%
Cable TV 9 1.51 15.50% 1.61 13.75%
Chemical (Basic) 31 1.61 6.37% 1.53 8.71%
Chemical (Diversified) 4 1.38 -1.30% 1.16 5.35%
Chemical (Specialty) 60 2.57 7.78% 2.70 11.31%
Coal & Related Energy 16 1.65 11.34% 1.69 13.14%
Computer Services 63 4.55 17.44% 5.11 20.51%
Computers/Peripherals 35 38.96 0.02% 13.49 41.41%
Construction Supplies 46 4.39 25.63% 3.20 18.41%
Diversified 21 1.81 20.90% 1.93 24.65%
Drugs (Biotechnology) 535 6.02 -14.12% 2.52 3.08%
Drugs (Pharmaceutical) 231 5.70 10.49% 3.11 14.08%
Education 29 3.36 4.22% 3.70 11.86%
Electrical Equipment 101 4.07 4.78% 4.72 12.23%
Electronics (Consumer & Office) 11 2.22 -30.96% 1.03 -5.81%
Electronics (General) 122 3.75 10.19% 4.06 13.11%
Engineering/Construction 42 4.81 13.08% 5.38 19.16%
Entertainment 96 4.07 -3.90% 4.27 9.94%
Environmental & Waste Services 50 6.65 22.32% 7.46 31.72%
Farming/Agriculture 35 2.50 15.33% 1.70 9.97%
Financial Svcs. (Non-bank & Insurance) 166 3.80 31.55% 1.28 NA
Food Processing 77 2.18 9.80% 2.88 17.90%
Food Wholesalers 14 4.51 20.05% 3.24 17.30%
Furn/Home Furnishings 28 2.37 5.85% 2.08 10.65%
Green & Renewable Energy 18 0.76 -11.57% 0.91 3.67%
Healthcare Products 218 4.76 8.88% 5.04 14.71%
Healthcare Support Services 113 2.89 11.66% 5.02 44.60%
Heathcare Information and Technology 116 3.93 3.93% 5.19 12.74%
Homebuilding 30 1.75 20.15% 1.77 21.05%
Hospitals/Healthcare Facilities 33 4.28 76.10% 2.45 21.19%
Hotel/Gaming 65 14.59 42.05% 3.77 12.17%
Household Products 101 7.33 26.24% 6.92 33.56%
Information Services 16 3.73 15.90% 4.78 24.55%
Insurance (General) 22 3.09 5.63% 3.89 17.45%
Insurance (Life) 19 1.53 11.89% 1.46 6.96%
Insurance (Prop/Cas.) 53 2.33 22.60% 2.30 21.99%
Investments & Asset Management 231 2.53 13.32% 2.36 6.80%
Machinery 109 4.27 16.56% 5.38 24.76%
Metals & Mining 64 3.12 12.50% 2.61 27.13%
Office Equipment & Services 14 2.86 3.37% 2.25 15.00%
Oil/Gas (Integrated) 4 1.66 14.20% 1.58 12.90%
Oil/Gas (Production and Exploration) 147 1.74 17.60% 1.56 18.62%
Oil/Gas Distribution 24 3.21 19.75% 2.07 12.18%
Oilfield Svcs/Equip. 97 1.75 13.27% 1.71 14.37%
Packaging & Container 22 2.85 20.76% 2.62 14.49%
Paper/Forest Products 6 3.57 24.20% 2.68 19.42%
Power 48 2.07 11.13% 1.50 6.56%
Precious Metals 60 1.61 -3.82% 1.57 12.93%
Publishing & Newspapers 19 2.26 4.19% 3.11 15.53%
R.E.I.T. 192 2.01 4.73% 1.43 3.09%
Real Estate (Development) 15 1.14 6.34% 1.07 3.73%
Real Estate (General/Diversified) 11 0.95 4.31% 0.98 3.97%
Real Estate (Operations & Services) 60 2.85 -1.91% 2.85 2.88%
Recreation 50 3.10 1.75% 2.14 7.95%
Reinsurance 1 1.25 9.02% 1.26 9.89%
Restaurant/Dining 62 NA NA 6.70 20.39%
Retail (Automotive) 29 7.78 35.70% 2.72 12.12%
Retail (Building Supply) 13 NA NA 8.15 36.28%
Retail (Distributors) 66 4.30 21.64% 3.09 17.54%
Retail (General) 24 8.43 25.37% 4.62 11.98%
Retail (Grocery and Food) 17 3.50 21.09% 2.13 9.25%
Retail (REITs) 28 2.02 7.34% 1.54 5.00%
Retail (Special Lines) 98 5.87 10.13% 3.62 17.68%
Rubber& Tires 3 0.53 -6.41% 0.80 5.76%
Semiconductor 63 11.12 19.08% 9.08 21.14%
Semiconductor Equip 30 6.97 31.78% 5.23 24.20%
Shipbuilding & Marine 8 1.61 11.72% 1.63 13.23%
Shoe 12 6.74 31.67% 5.94 29.12%
Software (Entertainment) 81 7.71 33.46% 5.34 25.29%
Software (Internet) 29 8.72 -3.09% 5.63 2.93%
Software (System & Application) 333 10.73 27.66% 9.45 26.85%
Steel 27 1.42 10.04% 1.50 12.49%
Telecom (Wireless) 11 3.51 13.42% 2.14 8.31%
Telecom. Equipment 61 6.91 15.03% 6.35 21.77%
Telecom. Services 32 1.62 7.75% 1.46 11.69%
Tobacco 12 NA NA 8.64 57.90%
Transportation 21 4.89 17.32% 2.76 10.90%
Transportation (Railroads) 4 5.79 31.99% 2.88 15.06%
Trucking 24 3.23 9.32% 2.67 9.30%
Utility (General) 14 1.82 10.81% 1.41 6.05%
Utility (Water) 15 2.05 15.93% 1.62 8.73%
Total Market 6062 4.31 15.93% 2.59 8.73%
Total Market (without financials) 4935 5.10 16.41% 3.62 15.01%

Last Updated in January 2025
By Aswath Damodaran