Revenue Multiples by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2023

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 58 1.49 3.79% 1.96 11.11%
Aerospace/Defense 77 2.10 4.05% 2.55 8.68%
Air Transport 21 0.42 -1.71% 1.02 2.08%
Apparel 39 0.81 5.07% 1.16 11.11%
Auto & Truck 31 1.32 5.02% 1.81 6.49%
Auto Parts 37 0.62 2.16% 0.82 5.19%
Bank (Money Center) 7 2.55 26.96% 4.49 0.10%
Banks (Regional) 557 3.20 30.31% 4.34 -0.10%
Beverage (Alcoholic) 23 3.38 5.76% 4.07 20.17%
Beverage (Soft) 31 4.16 14.60% 4.67 19.14%
Broadcasting 26 0.60 11.90% 1.33 14.75%
Brokerage & Investment Banking 30 2.14 16.01% 4.46 0.31%
Building Materials 45 1.10 10.30% 1.36 13.94%
Business & Consumer Services 164 1.69 4.92% 2.05 9.22%
Cable TV 10 1.19 7.91% 2.43 19.52%
Chemical (Basic) 38 0.63 9.70% 0.89 13.14%
Chemical (Diversified) 4 0.64 13.16% 0.91 13.56%
Chemical (Specialty) 76 2.05 8.07% 2.48 14.80%
Coal & Related Energy 19 1.35 20.44% 1.43 22.17%
Computer Services 80 0.93 2.53% 1.17 6.89%
Computers/Peripherals 42 3.41 16.68% 3.67 21.43%
Construction Supplies 49 1.72 8.23% 2.15 11.16%
Diversified 23 2.16 0.98% 2.50 3.59%
Drugs (Biotechnology) 598 5.78 0.65% 6.18 11.87%
Drugs (Pharmaceutical) 281 4.38 18.35% 4.85 27.37%
Education 33 1.57 2.92% 1.85 5.16%
Electrical Equipment 110 2.38 7.31% 2.77 10.25%
Electronics (Consumer & Office) 16 0.78 0.54% 0.78 2.11%
Electronics (General) 138 1.73 6.32% 1.94 9.83%
Engineering/Construction 43 0.87 2.16% 1.08 4.69%
Entertainment 110 2.47 0.90% 3.06 7.44%
Environmental & Waste Services 62 2.44 7.29% 3.03 12.85%
Farming/Agriculture 39 0.94 5.66% 1.22 7.78%
Financial Svcs. (Non-bank & Insurance) 223 2.18 26.32% 23.49 15.88%
Food Processing 92 1.66 7.10% 2.10 11.94%
Food Wholesalers 14 0.29 1.09% 0.41 2.10%
Furn/Home Furnishings 32 0.60 2.03% 0.88 7.89%
Green & Renewable Energy 19 3.68 17.77% 7.79 24.48%
Healthcare Products 254 4.73 7.00% 5.15 15.13%
Healthcare Support Services 131 0.61 2.01% 0.69 4.00%
Heathcare Information and Technology 138 4.81 -0.33% 5.33 17.00%
Homebuilding 32 0.71 13.98% 0.85 18.79%
Hospitals/Healthcare Facilities 34 0.85 5.31% 1.57 11.62%
Hotel/Gaming 69 2.75 1.10% 4.20 4.23%
Household Products 127 3.23 11.25% 3.65 17.12%
Information Services 73 5.77 16.62% 6.26 24.21%
Insurance (General) 21 1.70 15.21% 2.16 21.86%
Insurance (Life) 27 0.83 6.07% 1.33 8.39%
Insurance (Prop/Cas.) 51 1.21 4.05% 1.39 6.49%
Investments & Asset Management 600 4.15 24.93% 5.16 18.15%
Machinery 116 2.28 8.51% 2.67 14.00%
Metals & Mining 68 1.86 9.66% 2.06 22.84%
Office Equipment & Services 16 0.60 2.36% 0.93 6.26%
Oil/Gas (Integrated) 4 1.31 15.17% 1.39 17.46%
Oil/Gas (Production and Exploration) 174 1.83 26.01% 2.12 35.68%
Oil/Gas Distribution 23 1.54 2.08% 2.60 10.82%
Oilfield Svcs/Equip. 101 0.47 5.25% 0.58 7.37%
Packaging & Container 25 0.79 6.06% 1.25 9.63%
Paper/Forest Products 7 0.58 10.23% 0.77 18.59%
Power 48 2.14 9.17% 3.75 15.67%
Precious Metals 74 3.30 7.18% 3.55 10.10%
Publishing & Newspapers 20 0.88 2.82% 1.16 7.75%
R.E.I.T. 223 6.35 23.77% 11.06 23.20%
Real Estate (Development) 18 1.42 15.04% 2.81 17.48%
Real Estate (General/Diversified) 12 3.14 12.67% 4.02 18.60%
Real Estate (Operations & Services) 60 0.52 -0.76% 1.00 0.50%
Recreation 57 1.22 1.30% 1.77 8.31%
Reinsurance 1 0.58 3.54% 0.63 4.64%
Restaurant/Dining 70 3.16 9.28% 4.07 12.80%
Retail (Automotive) 30 0.59 4.07% 0.91 5.73%
Retail (Building Supply) 15 1.64 8.67% 1.96 13.81%
Retail (Distributors) 69 1.06 7.30% 1.45 11.90%
Retail (General) 15 0.70 2.35% 0.81 4.12%
Retail (Grocery and Food) 13 0.24 1.96% 0.37 2.92%
Retail (Online) 63 1.63 0.64% 1.87 1.84%
Retail (Special Lines) 78 0.72 3.86% 0.97 5.74%
Rubber& Tires 3 0.14 4.21% 0.55 5.84%
Semiconductor 68 4.63 22.74% 4.98 25.44%
Semiconductor Equip 30 3.43 22.27% 3.66 27.44%
Shipbuilding & Marine 8 0.82 21.55% 1.07 26.33%
Shoe 13 3.06 11.17% 3.22 12.83%
Software (Entertainment) 91 3.54 20.91% 3.59 25.65%
Software (Internet) 33 5.57 -19.07% 6.33 -5.48%
Software (System & Application) 390 7.14 14.61% 7.59 21.90%
Steel 28 0.58 14.70% 0.68 19.89%
Telecom (Wireless) 16 1.98 2.54% 3.18 12.37%
Telecom. Equipment 79 3.31 13.29% 3.56 18.63%
Telecom. Services 49 1.01 12.81% 2.18 19.95%
Tobacco 15 4.19 23.46% 5.05 43.97%
Transportation 18 0.89 6.99% 1.08 9.38%
Transportation (Railroads) 4 5.04 27.65% 6.32 39.86%
Trucking 35 1.07 1.29% 1.45 9.18%
Utility (General) 15 2.47 12.68% 4.28 18.03%
Utility (Water) 16 6.43 25.12% 9.18 29.38%
Total Market 7165 1.95 8.89% 2.80 11.60%
Total Market (without financials) 5649 1.93 7.77% 2.35 12.03%

 

Last Updated in January 2023
By Aswath Damodaran