Revenue Multiples 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/psdata.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 Price/Sales Net Margin EV/Sales Pre-tax Operating Margin
Advertising 54 2.33 3.00% 2.75 11.25%
Aerospace/Defense 67 2.21 4.37% 2.60 7.66%
Air Transport 24 0.55 2.21% 1.02 5.46%
Apparel 37 1.09 2.98% 1.41 9.61%
Auto & Truck 34 2.94 3.77% 3.47 3.21%
Auto Parts 33 0.55 2.27% 0.75 5.21%
Bank (Money Center) 15 NA NA NA NA
Banks (Regional) 591 NA NA NA NA
Beverage (Alcoholic) 18 2.58 9.29% 3.30 22.88%
Beverage (Soft) 29 3.47 14.07% 4.00 20.13%
Broadcasting 22 0.57 -5.64% 1.29 12.51%
Brokerage & Investment Banking 30 NA NA NA NA
Building Materials 39 2.03 10.56% 2.33 13.50%
Business & Consumer Services 152 2.60 7.09% 2.93 12.24%
Cable TV 9 1.03 7.58% 2.27 18.17%
Chemical (Basic) 31 0.70 2.76% 1.03 6.25%
Chemical (Diversified) 4 0.51 -0.50% 1.00 4.48%
Chemical (Specialty) 60 2.26 6.46% 2.77 12.17%
Coal & Related Energy 16 1.64 10.06% 1.57 11.11%
Computer Services 63 1.16 4.15% 1.38 6.31%
Computers/Peripherals 35 6.46 16.78% 6.68 22.67%
Construction Supplies 46 2.10 11.23% 2.46 15.19%
Diversified 21 2.61 25.15% 2.91 32.97%
Drugs (Biotechnology) 535 6.11 -13.20% 6.79 1.30%
Drugs (Pharmaceutical) 231 4.84 8.90% 5.48 22.80%
Education 29 2.24 2.65% 2.49 8.41%
Electrical Equipment 101 3.03 2.59% 3.31 7.38%
Electronics (Consumer & Office) 11 0.73 -15.37% 0.72 -5.20%
Electronics (General) 122 2.27 5.62% 2.46 8.27%
Engineering/Construction 42 1.26 2.95% 1.41 5.84%
Entertainment 96 3.37 -3.16% 3.90 8.13%
Environmental & Waste Services 50 3.13 8.81% 3.68 15.08%
Farming/Agriculture 35 0.80 4.90% 1.18 7.42%
Financial Svcs. (Non-bank & Insurance) 166 5.14 22.28% 19.30 16.41%
Food Processing 77 1.35 6.01% 1.79 12.10%
Food Wholesalers 14 0.31 1.34% 0.44 2.63%
Furn/Home Furnishings 28 0.87 2.11% 1.18 6.79%
Green & Renewable Energy 18 2.38 -18.83% 6.38 19.78%
Healthcare Products 218 4.77 8.73% 5.20 14.99%
Healthcare Support Services 113 0.43 1.58% 0.53 3.43%
Heathcare Information and Technology 116 4.71 4.69% 5.31 13.40%
Homebuilding 30 1.15 12.00% 1.24 15.59%
Hospitals/Healthcare Facilities 33 0.87 6.97% 1.48 12.14%
Hotel/Gaming 65 3.15 9.80% 4.28 14.85%
Household Products 101 3.16 10.38% 3.53 18.53%
Information Services 16 1.73 6.23% 2.27 12.15%
Insurance (General) 22 2.72 4.16% 3.11 16.49%
Insurance (Life) 19 0.95 5.95% 1.24 8.25%
Insurance (Prop/Cas.) 53 1.37 9.88% 1.51 13.70%
Investments & Asset Management 231 4.95 17.59% 6.01 14.08%
Machinery 109 2.87 10.04% 3.23 15.98%
Metals & Mining 64 2.62 7.39% 2.89 22.62%
Office Equipment & Services 14 0.89 1.06% 1.20 8.46%
Oil/Gas (Integrated) 4 1.39 9.75% 1.52 13.71%
Oil/Gas (Production and Exploration) 147 2.51 19.52% 3.08 30.06%
Oil/Gas Distribution 24 3.33 16.24% 4.98 28.45%
Oilfield Svcs/Equip. 97 0.47 3.31% 0.61 5.17%
Packaging & Container 22 1.06 6.82% 1.54 9.99%
Paper/Forest Products 6 1.05 6.53% 1.23 10.31%
Power 48 2.43 11.30% 4.33 19.67%
Precious Metals 60 2.74 -4.84% 3.06 18.89%
Publishing & Newspapers 19 1.32 2.26% 1.59 8.23%
R.E.I.T. 192 6.02 12.53% 10.83 22.23%
Real Estate (Development) 15 2.06 11.12% 3.96 13.48%
Real Estate (General/Diversified) 11 3.24 8.64% 4.10 11.24%
Real Estate (Operations & Services) 60 1.28 -0.79% 1.53 1.36%
Recreation 50 1.26 0.65% 1.99 7.48%
Reinsurance 1 0.64 3.32% 0.64 5.53%
Restaurant/Dining 62 3.69 10.62% 4.47 13.90%
Retail (Automotive) 29 0.82 3.33% 1.22 5.60%
Retail (Building Supply) 13 2.12 8.08% 2.52 11.97%
Retail (Distributors) 66 1.41 6.45% 1.81 10.79%
Retail (General) 24 1.94 4.60% 2.05 5.92%
Retail (Grocery and Food) 17 0.36 1.97% 0.49 2.93%
Retail (REITs) 28 8.06 25.47% 12.22 37.28%
Retail (Special Lines) 98 0.87 1.49% 1.07 5.30%
Rubber& Tires 3 0.14 -1.70% 0.62 4.34%
Semiconductor 63 14.26 19.96% 14.65 29.73%
Semiconductor Equip 30 4.94 20.14% 5.07 24.19%
Shipbuilding & Marine 8 1.52 10.52% 1.75 14.98%
Shoe 12 2.32 10.15% 2.40 13.01%
Software (Entertainment) 81 7.30 27.43% 7.35 32.16%
Software (Internet) 29 7.01 -2.60% 7.59 2.05%
Software (System & Application) 333 11.20 22.94% 11.54 28.77%
Steel 27 0.77 5.25% 0.89 7.65%
Telecom (Wireless) 11 2.89 10.81% 4.15 18.90%
Telecom. Equipment 61 5.05 10.48% 5.48 17.80%
Telecom. Services 32 1.30 5.87% 2.56 20.68%
Tobacco 12 4.41 31.96% 5.54 41.22%
Transportation 21 1.19 4.09% 1.58 6.90%
Transportation (Railroads) 4 4.94 24.30% 6.28 38.26%
Trucking 24 1.54 4.20% 1.85 7.32%
Utility (General) 14 2.97 15.46% 5.24 23.07%
Utility (Water) 15 4.75 21.32% 7.51 33.03%
Total Market 6062 2.76 8.67% 3.65 12.02%
Total Market (without financials) 4935 2.58 7.33% 2.99 11.87%

 

Last Updated in January 2025
By Aswath Damodaran