Industry Name Number of Firms Beta ROE Cost of Equity (ROE - COE) BV of Equity Equity EVA (US $ millions) ROC Cost of Capital (ROC - WACC) BV of Capital EVA (US $ millions)
Advertising 57 1.37 3.25% 10.19% -6.94%  $      11,509.72  $       (798.61) 31.52% 8.63% 22.88%  $        12,877.36  $      2,946.59
Aerospace/Defense 70 1.08 13.19% 8.83% 4.36%  $    145,775.30  $      6,355.83 16.17% 7.81% 8.35%  $      195,266.18  $    16,313.24
Air Transport 25 1.27 21.94% 9.71% 12.23%  $      29,166.65  $      3,566.76 10.92% 6.06% 4.86%  $      128,863.30  $      6,264.12
Apparel 38 1.19 9.20% 9.38% -0.17%  $      24,506.87  $         (42.02) 15.29% 7.55% 7.74%  $        40,386.78  $      3,126.28
Auto & Truck 34 1.52 9.37% 10.88% -1.51%  $    175,725.58  $    (2,657.02) 5.19% 9.26% -4.07%  $      444,826.24  $   (18,104.99)
Auto Parts 39 1.34 5.72% 10.06% -4.34%  $      27,180.35  $    (1,179.83) 10.16% 8.33% 1.83%  $        47,964.92  $         876.39
Bank (Money Center) 15 1.06 14.87% 8.76% 6.11%  $    964,162.60  $    58,926.77 0.02% 5.08% -5.06%  $   1,742,482.28  $   (88,228.36)
Banks (Regional) 625 0.46 12.14% 6.00% 6.14%  $    469,738.45  $    28,847.88 -0.05% 4.68% -4.73%  $      523,503.77  $   (24,764.41)
Beverage (Alcoholic) 19 1.13 8.70% 9.09% -0.39%  $      28,920.29  $       (112.02) 16.67% 8.05% 8.62%  $        32,663.68  $      2,815.85
Beverage (Soft) 29 0.76 30.56% 7.40% 23.16%  $      76,558.17  $    17,732.62 30.65% 6.87% 23.78%  $      100,594.23  $    23,921.25
Broadcasting 22 1.06 -2.16% 8.76% -10.92%  $      47,695.01  $    (5,206.75) 12.06% 5.60% 6.46%  $        65,469.71  $      4,229.54
Brokerage & Investment Banking 27 1.12 10.41% 9.03% 1.38%  $    272,407.91  $      3,758.17 0.13% 5.41% -5.28%  $      816,085.69  $   (43,122.97)
Building Materials 44 1.32 21.35% 9.94% 11.41%  $      48,590.02  $      5,545.47 25.27% 9.00% 16.27%  $        56,707.55  $      9,224.32
Business & Consumer Services 162 1.02 14.00% 8.58% 5.42%  $      97,425.43  $      5,276.44 27.45% 7.86% 19.60%  $        91,970.37  $    18,022.39
Cable TV 10 1.28 19.47% 9.75% 9.71%  $    121,752.60  $    11,826.44 11.31% 6.76% 4.55%  $      285,340.31  $    12,992.90
Chemical (Basic) 32 1.10 8.89% 8.92% -0.03%  $      51,211.75  $         (14.45) 11.81% 7.32% 4.49%  $        79,890.35  $      3,585.41
Chemical (Diversified) 4 1.13 -2.36% 9.09% -11.45%  $        5,585.68  $       (639.76) 1.57% 6.93% -5.36%  $        10,217.08  $        (547.22)
Chemical (Specialty) 68 1.09 14.94% 8.88% 6.06%  $    160,635.71  $      9,736.63 13.51% 7.81% 5.70%  $      189,718.83  $    10,804.68
Coal & Related Energy 18 1.27 29.07% 9.73% 19.34%  $        5,650.72  $      1,093.06 29.50% 8.67% 20.82%  $          7,051.87  $      1,468.39
Computer Services 72 1.00 18.77% 8.47% 10.30%  $      68,954.56  $      7,105.69 24.17% 7.42% 16.75%  $        82,057.55  $    13,744.51
Computers/Peripherals 36 1.13 0.00% 9.09% -9.09%  $      84,323.97  $    (7,667.31) 37.80% 8.79% 29.01%  $      312,766.00  $    90,732.68
Construction Supplies 11 0.94 17.20% 8.19% 9.01%  $      17,523.10  $      1,578.83 16.92% 7.58% 9.34%  $        20,869.65  $      1,948.33
Diversified 23 1.19 15.87% 9.38% 6.49%  $    527,487.48  $    34,241.22 20.40% 8.51% 11.88%  $      566,420.61  $    67,295.14
Drugs (Biotechnology) 572 1.12 -11.59% 9.05% -20.64%  $    193,793.14  $  (39,994.01) 1.56% 8.34% -6.78%  $      464,730.81  $   (31,524.99)
Drugs (Pharmaceutical) 245 1.03 17.32% 8.60% 8.72%  $    321,589.96  $    28,032.30 13.38% 8.05% 5.33%  $      569,991.96  $    30,378.68
Education 31 1.23 1.67% 9.52% -7.84%  $      15,229.70  $    (1,194.19) 5.93% 8.58% -2.65%  $        15,271.97  $        (405.27)
Electrical Equipment 103 1.24 23.70% 9.59% 14.11%  $      60,196.40  $      8,496.35 13.27% 8.61% 4.66%  $        63,964.34  $      2,980.31
Electronics (Consumer & Office) 13 1.30 -6.63% 9.84% -16.46%  $        2,969.91  $       (488.98) 0.95% 8.90% -7.95%  $          3,862.68  $        (307.11)
Electronics (General) 129 0.93 8.80% 8.18% 0.62%  $      72,980.09  $         453.55 15.11% 7.54% 7.58%  $        81,592.19  $      6,183.28
Engineering/Construction 77 1.06 21.24% 8.75% 12.49%  $      95,437.51  $    11,924.55 18.53% 7.71% 10.82%  $      157,650.20  $    17,061.22
Entertainment 98 0.99 -0.27% 8.45% -8.73%  $    197,999.35  $  (17,280.85) 7.56% 7.46% 0.09%  $      216,181.12  $         204.08
Environmental & Waste Services 57 0.91 21.01% 8.05% 12.96%  $      27,942.30  $      3,621.16 29.94% 7.29% 22.65%  $        31,694.28  $      7,179.71
Farming/Agriculture 42 0.99 27.51% 8.44% 19.07%  $      67,383.33  $    12,850.42 17.93% 7.06% 10.87%  $      142,202.78  $    15,456.64
Financial Svcs. (Non-bank & Insurance) 192 1.14 21.31% 9.12% 12.19%  $    398,857.44  $    48,610.42 0.96% 5.01% -4.05%  $   8,203,246.18  $ (332,240.16)
Food Processing 93 0.71 8.98% 7.13% 1.84%  $    203,837.31  $      3,756.65 16.63% 6.24% 10.39%  $      216,671.13  $    22,514.76
Food Wholesalers 14 0.97 21.11% 8.32% 12.79%  $      13,084.64  $      1,673.80 14.96% 6.93% 8.03%  $        28,413.05  $      2,281.77
Furn/Home Furnishings 31 1.11 -6.53% 8.97% -15.50%  $      20,731.89  $    (3,213.23) 10.31% 7.31% 3.00%  $        30,825.88  $         926.11
Green & Renewable Energy 17 1.11 10.68% 8.97% 1.70%  $      10,401.40  $         177.27 4.15% 6.07% -1.92%  $        36,493.98  $        (699.67)
Healthcare Products 230 1.06 8.31% 8.77% -0.46%  $    218,029.30  $    (1,002.43) 13.08% 8.23% 4.85%  $      223,053.44  $    10,817.30
Healthcare Support Services 119 1.03 15.62% 8.63% 6.99%  $    321,931.98  $    22,503.83 45.74% 7.61% 38.13%  $      173,150.60  $    66,023.62
Heathcare Information and Technology 128 1.27 5.18% 9.74% -4.57%  $    171,575.33  $    (7,834.49) 14.28% 8.95% 5.33%  $      149,060.59  $      7,945.84
Homebuilding 32 1.37 22.88% 10.18% 12.70%  $      91,679.47  $    11,646.31 20.91% 9.28% 11.62%  $      110,375.06  $    12,830.16
Hospitals/Healthcare Facilities 32 0.88 61.97% 7.93% 54.04%  $      11,469.83  $      6,198.25 20.16% 6.10% 14.05%  $        74,021.77  $    10,403.65
Hotel/Gaming 68 1.34 35.87% 10.06% 25.81%  $      54,485.20  $    14,062.27 9.99% 8.02% 1.97%  $      240,249.27  $      4,741.25
Household Products 19 0.78 36.41% 7.47% 28.94%  $      56,979.90  $    16,491.71 34.64% 7.00% 27.65%  $        76,717.61  $    21,209.15
Information Services 18 0.93 8.43% 8.16% 0.27%  $      14,870.95  $           39.78 22.74% 7.02% 15.72%  $        16,448.75  $      2,586.11
Insurance (General) 21 1.03 13.52% 8.63% 4.89%  $      69,638.75  $      3,406.88 15.65% 7.64% 8.01%  $        89,243.68  $      7,151.35
Insurance (Life) 23 0.77 1.32% 7.40% -6.08%  $    117,535.50  $    (7,144.38) 0.11% 5.68% -5.57%  $      230,837.17  $   (12,863.42)
Insurance (Prop/Cas.) 50 0.74 10.36% 7.28% 3.08%  $    154,134.40  $      4,745.18 11.12% 6.72% 4.40%  $      188,262.06  $      8,288.75
Investments & Asset Management 334 0.46 13.78% 5.98% 7.80%  $    196,474.45  $    15,327.78 6.16% 5.23% 0.93%  $      288,325.11  $      2,682.01
Machinery 103 1.03 19.02% 8.60% 10.42%  $      96,084.68  $    10,014.71 24.91% 7.91% 17.00%  $        99,932.04  $    16,988.60
Metals & Mining 68 0.96 12.17% 8.31% 3.86%  $      32,171.74  $      1,241.34 24.03% 7.72% 16.31%  $        43,185.78  $      7,041.75
Office Equipment & Services 17 1.14 2.66% 9.12% -6.46%  $        5,611.72  $       (362.38) 12.93% 7.29% 5.63%  $          8,956.64  $         504.60
Oil/Gas (Integrated) 4 0.67 19.85% 6.96% 12.89%  $    364,041.30  $    46,913.33 17.04% 6.61% 10.42%  $      425,338.58  $    44,341.28
Oil/Gas (Production and Exploration) 166 0.93 31.09% 8.16% 22.94%  $    236,892.34  $    54,336.63 28.41% 7.34% 21.07%  $      326,418.68  $    68,771.18
Oil/Gas Distribution 24 0.79 42.41% 7.52% 34.89%  $      57,495.83  $    20,059.50 20.60% 5.99% 14.61%  $      173,972.01  $    25,421.36
Oilfield Svcs/Equip. 100 0.98 29.65% 8.39% 21.26%  $    157,516.12  $    33,489.48 28.02% 7.27% 20.75%  $      211,366.44  $    43,853.17
Packaging & Container 11 0.87 19.62% 7.87% 11.75%  $      16,032.90  $      1,884.16 14.47% 6.00% 8.47%  $        34,916.59  $      2,957.71
Paper/Forest Products 7 1.94 15.17% 12.80% 2.37%  $        2,510.51  $           59.49 18.90% 10.35% 8.55%  $          4,607.87  $         393.92
Power 50 0.65 8.60% 6.87% 1.73%  $    381,419.98  $      6,600.39 5.78% 5.19% 0.59%  $      937,367.76  $      5,570.18
Precious Metals 61 0.87 -2.33% 7.88% -10.21%  $      36,643.35  $    (3,741.79) 4.69% 7.37% -2.67%  $        39,758.84  $     (1,063.29)
Publishing & Newspapers 13 0.92 2.54% 8.10% -5.57%  $      12,260.90  $       (682.36) 11.74% 7.15% 4.60%  $        10,834.56  $         498.13
R.E.I.T. 181 1.02 4.15% 8.59% -4.44%  $    476,983.80  $  (21,161.21) 2.60% 6.28% -3.67%  $   1,244,975.46  $   (45,732.48)
Real Estate (Development) 17 0.67 -8.54% 6.96% -15.49%  $        5,187.76  $       (803.77) 2.93% 5.43% -2.50%  $        10,173.27  $        (254.73)
Real Estate (General/Diversified) 11 0.56 9.11% 6.47% 2.64%  $        2,250.80  $           59.35 5.31% 5.83% -0.52%  $          3,254.92  $          (16.85)
Real Estate (Operations & Services) 60 1.08 -8.27% 8.85% -17.12%  $      36,083.08  $    (6,176.88) 0.07% 7.30% -7.23%  $        65,689.25  $     (4,748.98)
Recreation 55 1.17 2.56% 9.27% -6.71%  $      21,765.25  $    (1,459.42) 9.54% 7.25% 2.28%  $        48,130.41  $      1,098.99
Reinsurance 1 0.66 31.23% 6.89% 24.34%  $        3,653.00  $         889.17 30.12% 5.84% 24.27%  $          4,433.31  $      1,076.07
Restaurant/Dining 64 1.19 NA 9.38% NA  $       (8,744.50)  NA  19.56% 8.24% 11.32%  $      101,216.67  $    11,458.14
Retail (Automotive) 30 1.49 47.33% 10.75% 36.57%  $      24,039.68  $      8,792.24 13.20% 8.22% 4.98%  $        98,664.70  $      4,908.59
Retail (Building Supply) 16 1.94 NA 12.80% #VALUE!  $       (7,615.70) #VALUE! 39.43% 11.30% 28.12%  $        77,349.56  $    21,752.69
Retail (Distributors) 62 1.11 25.45% 8.97% 16.48%  $      57,614.43  $      9,497.06 18.61% 7.71% 10.90%  $      106,942.66  $    11,655.41
Retail (General) 26 1.25 19.55% 9.61% 9.94%  $    278,119.91  $    27,632.41 9.89% 8.93% 0.96%  $      728,871.73  $      7,032.11
Retail (Grocery and Food) 14 0.49 14.78% 6.15% 8.63%  $      21,462.01  $      1,851.53 10.99% 5.31% 5.68%  $        56,521.99  $      3,208.10
Retail (REITs) 28 1.12 6.52% 9.04% -2.51%  $      84,524.40  $    (2,124.04) 4.46% 6.94% -2.48%  $      180,918.67  $     (4,489.78)
Retail (Special Lines) 105 1.18 9.64% 9.31% 0.33%  $      72,300.00  $         238.16 13.50% 7.85% 5.65%  $      154,307.36  $      8,711.16
Rubber& Tires 3 0.67 -10.00% 6.98% -16.98%  $        5,142.00  $       (873.16) 3.12% 4.76% -1.64%  $        14,054.50  $        (229.81)
Semiconductor 63 1.50 12.61% 10.76% 1.85%  $    388,959.90  $      7,210.41 11.37% 10.36% 1.01%  $      513,006.61  $      5,161.42
Semiconductor Equip 30 1.53 32.89% 10.91% 21.98%  $      44,503.17  $      9,782.66 25.68% 10.40% 15.29%  $        70,041.39  $    10,707.16
Shipbuilding & Marine 8 0.81 7.82% 7.61% 0.21%  $        7,399.47  $           15.35 9.24% 6.74% 2.50%  $          9,001.66  $         224.69
Shoe 13 1.29 29.90% 9.82% 20.08%  $      22,999.40  $      4,618.73 24.04% 9.34% 14.70%  $        32,574.90  $      4,789.51
Software (Entertainment) 84 1.11 23.26% 8.98% 14.28%  $    403,869.63  $    57,662.96 19.94% 8.83% 11.12%  $      620,525.09  $    68,991.60
Software (Internet) 35 1.62 -14.54% 11.31% -25.85%  $      28,399.86  $    (7,342.68) -0.48% 10.59% -11.07%  $        45,334.05  $     (5,019.90)
Software (System & Application) 351 1.29 24.44% 9.83% 14.61%  $    397,835.59  $    58,122.18 23.22% 9.49% 13.73%  $      551,977.67  $    75,797.56
Steel 29 1.13 22.19% 9.06% 13.13%  $      64,527.00  $      8,474.59 22.18% 8.18% 14.00%  $        71,465.37  $    10,005.69
Telecom (Wireless) 13 1.09 9.74% 8.88% 0.86%  $      79,880.30  $         685.16 6.55% 6.98% -0.43%  $      182,664.71  $        (787.34)
Telecom. Equipment 66 1.08 24.55% 8.85% 15.70%  $      65,282.66  $    10,249.51 28.18% 8.33% 19.85%  $        79,287.97  $    15,736.91
Telecom. Services 42 0.78 -0.34% 7.49% -7.83%  $    234,506.50  $  (18,369.91) 11.80% 5.56% 6.24%  $      473,948.44  $    29,562.05
Tobacco 16 1.22 NA 9.51% #VALUE!  $     (12,408.01) #VALUE! 80.36% 8.03% 72.33%  $        28,188.70  $    20,387.87
Transportation 110 1.00 22.06% 8.47% 13.59%  $      93,015.80  $    12,637.48 16.09% 7.42% 8.67%  $      172,259.60  $    14,932.95
Transportation (Railroads) 4 1.02 31.68% 8.56% 23.12%  $      38,214.60  $      8,834.64 14.26% 7.46% 6.80%  $      104,364.50  $      7,094.64
Trucking 22 1.15 12.97% 9.16% 3.81%  $      37,419.00  $      1,426.42 12.75% 8.27% 4.48%  $        49,031.42  $      2,194.48
Utility (General) 14 0.58 11.15% 6.55% 4.60%  $    147,119.20  $      6,772.91 6.47% 5.09% 1.38%  $      349,037.00  $      4,812.93
Utility (Water) 13 0.71 15.98% 7.16% 8.81%  $      17,109.90  $      1,508.23 8.41% 6.03% 2.37%  $        35,556.56  $         843.37
Total Market 6481 1.00 15.98% 8.48% 7.50% #############  $  837,826.96 8.41% 7.00% 1.40%  $ 26,576,957.82  $  373,345.48
Total Market (without financials) 5194 1.10 16.62% 8.93% 7.69%  $ 8,530,859.09  $  655,976.31 14.70% 7.99% 6.71%  $ 14,494,971.88  $  972,801.96