Economic Value Added 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/EVA.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 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 58 1.63 13.57% 13.57% -0.01%  $      11,476.88  $           (0.59) 36.62% 10.73% 25.89%  $        11,694.87  $      3,027.87
Aerospace/Defense 77 1.41 9.87% 12.28% -2.41%  $    147,015.92  $    (3,539.64) 15.25% 10.59% 4.65%  $      192,037.33  $      8,939.33
Air Transport 21 1.42 -11.37% 12.29% -23.66%  $      28,765.63  $    (6,805.85) 3.08% 6.98% -3.90%  $      119,712.03  $     (4,670.86)
Apparel 39 1.32 13.52% 11.75% 1.77%  $      27,034.95  $         479.54 20.57% 9.15% 11.41%  $        34,272.54  $      3,911.19
Auto & Truck 31 1.54 15.68% 13.03% 2.65%  $    128,453.16  $      3,398.88 6.46% 10.15% -3.69%  $      424,387.90  $   (15,654.73)
Auto Parts 37 1.47 7.03% 12.64% -5.60%  $      26,581.37  $    (1,488.99) 10.26% 10.09% 0.17%  $        43,845.33  $           73.96
Bank (Money Center) 7 1.08 11.35% 10.30% 1.05%  $    904,585.70  $      9,491.55 0.03% 5.68% -5.65%  $   1,198,613.66  $   (67,769.57)
Banks (Regional) 557 0.50 11.80% 6.88% 4.92%  $    572,447.10  $    28,165.00 -0.04% 5.57% -5.61%  $      475,117.01  $   (26,644.74)
Beverage (Alcoholic) 23 1.01 5.28% 9.90% -4.61%  $      30,433.39  $    (1,403.72) 14.66% 8.82% 5.84%  $        34,807.64  $      2,031.54
Beverage (Soft) 31 1.30 31.94% 11.62% 20.32%  $      71,537.20  $    14,537.94 28.72% 10.63% 18.09%  $        97,667.15  $    17,668.04
Broadcasting 26 1.32 20.76% 11.73% 9.03%  $      42,475.20  $      3,833.62 13.52% 7.21% 6.31%  $        68,090.02  $      4,296.40
Brokerage & Investment Banking 30 1.20 13.43% 11.04% 2.40%  $    286,024.00  $      6,856.30 0.06% 6.42% -6.36%  $      909,659.64  $   (57,891.42)
Building Materials 45 1.28 32.73% 11.47% 21.26%  $      43,907.50  $      9,335.50 34.60% 9.82% 24.78%  $        47,080.86  $    11,664.96
Business & Consumer Services 164 1.17 12.85% 10.84% 2.02%  $      85,822.48  $      1,729.46 23.99% 9.39% 14.60%  $        79,991.26  $    11,680.15
Cable TV 10 1.26 12.14% 11.34% 0.80%  $    145,443.50  $      1,166.30 12.13% 7.60% 4.52%  $      280,386.78  $    12,679.45
Chemical (Basic) 38 1.25 34.78% 11.29% 23.49%  $      45,488.40  $    10,684.88 25.38% 8.95% 16.42%  $        76,172.92  $    12,511.00
Chemical (Diversified) 4 1.41 43.44% 12.27% 31.17%  $        5,201.28  $      1,621.00 20.35% 9.27% 11.08%  $        10,120.72  $      1,121.09
Chemical (Specialty) 76 1.28 11.43% 11.47% -0.04%  $    163,428.73  $         (63.02) 17.83% 9.89% 7.94%  $      177,924.76  $    14,124.37
Coal & Related Energy 19 1.45 74.08% 12.51% 61.58%  $        3,395.11  $      2,090.64 41.79% 11.06% 30.72%  $          6,428.48  $      1,975.09
Computer Services 80 1.17 12.15% 10.84% 1.31%  $      63,086.38  $         827.18 28.39% 9.19% 19.20%  $        69,433.99  $    13,334.21
Computers/Peripherals 42 1.29 96.26% 11.55% 84.71%  $    111,103.61  $    94,117.12 42.63% 10.90% 31.72%  $      301,920.28  $    95,781.25
Construction Supplies 49 1.26 18.78% 11.39% 7.39%  $      75,176.48  $      5,552.60 14.55% 9.71% 4.84%  $      121,078.04  $      5,859.02
Diversified 23 1.04 0.82% 10.05% -9.22%  $    552,306.77  $  (50,934.38) 2.85% 9.06% -6.21%  $      576,661.87  $   (35,836.71)
Drugs (Biotechnology) 598 1.24 0.68% 11.26% -10.58%  $    197,260.06  $  (20,866.88) 6.49% 10.35% -3.85%  $      449,207.10  $   (17,309.69)
Drugs (Pharmaceutical) 281 1.27 24.54% 11.41% 13.13%  $    295,016.34  $    38,730.43 19.58% 10.57% 9.01%  $      523,315.66  $    47,154.62
Education 33 1.10 3.19% 10.42% -7.23%  $      16,177.60  $    (1,169.45) 6.77% 8.94% -2.17%  $        14,250.21  $        (309.18)
Electrical Equipment 110 1.59 13.20% 13.32% -0.12%  $      52,951.00  $         (63.29) 18.40% 11.68% 6.72%  $        53,616.48  $      3,602.35
Electronics (Consumer & Office) 16 1.54 1.28% 13.02% -11.75%  $        3,089.26  $       (362.87) 5.46% 11.76% -6.30%  $          3,266.19  $        (205.78)
Electronics (General) 138 1.20 12.42% 11.02% 1.40%  $      69,565.52  $         975.36 17.47% 9.92% 7.55%  $        74,745.58  $      5,643.57
Engineering/Construction 43 1.20 7.50% 10.99% -3.49%  $      34,138.68  $    (1,192.46) 13.83% 9.34% 4.49%  $        34,854.00  $      1,566.23
Entertainment 110 1.45 1.18% 12.49% -11.31%  $    161,160.82  $  (18,228.19) 11.23% 10.47% 0.76%  $      144,774.26  $      1,101.86
Environmental & Waste Services 62 1.02 16.47% 9.91% 6.56%  $      28,169.48  $      1,848.68 28.32% 8.73% 19.59%  $        27,327.66  $      5,352.98
Farming/Agriculture 39 1.14 23.65% 10.65% 12.99%  $      60,644.14  $      7,880.54 15.17% 9.07% 6.10%  $      123,591.67  $      7,537.72
Financial Svcs. (Non-bank & Insurance) 223 0.89 48.08% 9.14% 38.93%  $    198,384.93  $    77,238.91 0.65% 4.58% -3.93%  $   7,681,215.48  $ (301,522.04)
Food Processing 92 0.92 11.54% 9.33% 2.21%  $    170,406.96  $      3,763.99 18.60% 8.16% 10.43%  $      164,357.35  $    17,150.63
Food Wholesalers 14 1.12 18.98% 10.55% 8.43%  $      12,344.02  $      1,040.53 15.54% 8.52% 7.01%  $        25,487.51  $      1,787.03
Furn/Home Furnishings 32 1.27 5.45% 11.43% -5.98%  $      21,497.90  $    (1,286.15) 15.24% 8.81% 6.43%  $        26,383.72  $      1,695.85
Green & Renewable Energy 19 1.60 18.27% 13.39% 4.88%  $        6,327.36  $         308.64 4.68% 8.93% -4.25%  $        31,657.31  $     (1,346.37)
Healthcare Products 254 1.16 7.09% 10.78% -3.69%  $    200,828.39  $    (7,415.86) 15.88% 10.07% 5.81%  $      196,753.64  $    11,426.48
Healthcare Support Services 131 1.16 12.34% 10.77% 1.56%  $    332,580.25  $      5,204.25 33.79% 9.50% 24.28%  $      226,461.69  $    54,992.25
Heathcare Information and Technology 138 1.47 -0.29% 12.62% -12.91%  $    184,016.13  $  (23,754.02) 19.10% 11.60% 7.50%  $      142,472.22  $    10,691.49
Homebuilding 32 1.50 30.75% 12.80% 17.94%  $      81,261.99  $    14,581.98 28.17% 10.68% 17.49%  $        97,983.40  $    17,138.33
Hospitals/Healthcare Facilities 34 1.17 49.04% 10.85% 38.18%  $      14,274.66  $      5,450.65 20.45% 7.85% 12.60%  $        67,770.15  $      8,540.02
Hotel/Gaming 69 1.46 2.53% 12.55% -10.02%  $      63,434.53  $    (6,356.34) 2.34% 9.18% -6.85%  $      225,362.11  $   (15,427.19)
Household Products 127 1.16 33.18% 10.74% 22.44%  $      68,287.51  $    15,322.53 34.92% 9.89% 25.03%  $        92,180.49  $    23,069.32
Information Services 73 1.40 17.74% 12.22% 5.52%  $    210,310.25  $    11,605.62 32.89% 11.29% 21.60%  $      148,288.63  $    32,026.27
Insurance (General) 21 1.23 17.43% 11.17% 6.26%  $    115,880.14  $      7,250.55 19.31% 9.53% 9.78%  $      134,930.82  $    13,196.79
Insurance (Life) 27 0.94 5.58% 9.46% -3.88%  $    274,346.20  $  (10,646.27) 4.83% 6.90% -2.07%  $      388,309.77  $     (8,035.23)
Insurance (Prop/Cas.) 51 0.80 5.71% 8.65% -2.94%  $    189,242.12  $    (5,567.02) 7.08% 7.85% -0.78%  $      217,834.94  $     (1,689.22)
Investments & Asset Management 600 0.62 17.17% 7.58% 9.58%  $    206,084.10  $    19,745.49 9.16% 6.47% 2.70%  $      270,436.98  $      7,292.42
Machinery 116 1.22 15.49% 11.16% 4.33%  $      98,741.00  $      4,276.53 27.44% 9.94% 17.50%  $        83,166.65  $    14,552.55
Metals & Mining 68 1.29 21.10% 11.54% 9.55%  $      30,405.94  $      2,905.19 34.72% 10.43% 24.30%  $        41,919.41  $    10,184.82
Office Equipment & Services 16 1.18 7.96% 10.87% -2.91%  $        5,943.66  $       (173.06) 12.19% 8.17% 4.02%  $          8,406.80  $         338.05
Oil/Gas (Integrated) 4 0.98 32.42% 9.69% 22.73%  $    305,711.50  $    69,487.27 22.37% 9.11% 13.26%  $      436,910.19  $    57,928.47
Oil/Gas (Production and Exploration) 174 1.26 47.00% 11.35% 35.65%  $    185,007.64  $    65,956.99 39.82% 10.19% 29.64%  $      285,676.19  $    84,662.23
Oil/Gas Distribution 23 0.99 4.09% 9.77% -5.67%  $      65,550.10  $    (3,719.87) 7.18% 7.42% -0.24%  $      181,401.86  $        (439.02)
Oilfield Svcs/Equip. 101 1.38 30.82% 12.05% 18.77%  $    135,166.37  $    25,374.24 28.09% 10.10% 17.99%  $      193,720.97  $    34,848.75
Packaging & Container 25 0.95 19.75% 9.54% 10.21%  $      48,067.88  $      4,906.85 16.04% 7.25% 8.79%  $        80,227.59  $      7,055.46
Paper/Forest Products 7 1.38 46.83% 12.10% 34.73%  $        2,681.60  $         931.36 42.83% 9.66% 33.17%  $          4,649.05  $      1,541.99
Power 48 0.73 9.39% 8.19% 1.20%  $    373,739.10  $      4,497.20 6.04% 6.17% -0.12%  $      871,388.83  $     (1,080.71)
Precious Metals 74 1.23 3.66% 11.21% -7.55%  $      33,104.04  $    (2,498.36) 5.28% 10.37% -5.09%  $        32,605.36  $     (1,659.72)
Publishing & Newspapers 20 1.11 5.15% 10.50% -5.36%  $      15,135.60  $       (810.77) 15.25% 8.61% 6.64%  $        12,858.73  $         854.15
R.E.I.T. 223 1.06 8.85% 10.20% -1.34%  $    540,709.26  $    (7,264.38) 3.29% 7.30% -4.01%  $   1,371,721.43  $   (54,938.41)
Real Estate (Development) 18 1.52 10.51% 12.89% -2.37%  $        5,125.06  $       (121.72) 6.12% 8.40% -2.27%  $          9,546.09  $        (217.12)
Real Estate (General/Diversified) 12 0.79 6.68% 8.57% -1.89%  $        2,168.50  $         (40.99) 6.51% 7.31% -0.79%  $          2,959.73  $          (23.46)
Real Estate (Operations & Services) 60 1.35 -3.58% 11.87% -15.45%  $      23,210.09  $    (3,585.70) 1.08% 7.83% -6.75%  $        69,643.88  $     (4,701.95)
Recreation 57 1.42 3.95% 12.30% -8.35%  $      19,853.61  $    (1,657.87) 12.25% 9.50% 2.75%  $        37,930.91  $      1,043.84
Reinsurance 1 0.83 4.46% 8.81% -4.34%  $      12,885.00  $       (559.62) 5.25% 7.17% -1.92%  $        13,420.89  $        (257.51)
Restaurant/Dining 70 1.41 NA 12.26% NA  $     (10,236.89)  NA  18.38% 10.34% 8.04%  $        93,555.35  $      7,522.67
Retail (Automotive) 30 1.52 43.25% 12.91% 30.34%  $      25,489.48  $      7,734.56 15.60% 9.70% 5.90%  $        83,881.78  $      4,947.94
Retail (Building Supply) 15 1.79 0.48% 14.51% -14.03%  $        5,617.51  $       (788.16) 50.28% 12.69% 37.59%  $        67,881.32  $    25,519.46
Retail (Distributors) 69 1.28 27.37% 11.45% 15.92%  $      52,824.44  $      8,409.37 21.34% 9.38% 11.97%  $        95,515.72  $    11,429.14
Retail (General) 15 1.36 18.29% 11.98% 6.31%  $    142,331.60  $      8,984.85 17.89% 10.67% 7.22%  $      200,665.29  $    14,481.74
Retail (Grocery and Food) 13 0.67 27.98% 7.85% 20.13%  $      18,278.75  $      3,679.48 12.77% 6.37% 6.40%  $        49,733.90  $      3,181.82
Retail (Online) 63 1.49 2.54% 12.71% -10.17%  $    145,079.96  $  (14,756.27) 5.09% 11.38% -6.28%  $      431,084.21  $   (27,087.65)
Retail (Special Lines) 78 1.48 24.16% 12.64% 11.52%  $      72,617.04  $      8,367.13 15.72% 10.25% 5.47%  $      141,098.31  $      7,718.01
Rubber& Tires 3 0.84 19.81% 8.86% 10.95%  $        4,362.10  $         477.74 9.62% 5.22% 4.39%  $        12,906.35  $         566.93
Semiconductor 68 1.61 22.77% 13.43% 9.34%  $    319,778.35  $    29,855.72 18.52% 12.49% 6.03%  $      443,504.04  $    26,739.73
Semiconductor Equip 30 1.76 46.52% 14.32% 32.20%  $      39,108.90  $    12,592.48 38.17% 13.24% 24.92%  $        54,069.16  $    13,475.89
Shipbuilding & Marine 8 0.94 35.29% 9.49% 25.80%  $        5,870.50  $      1,514.84 28.79% 7.98% 20.81%  $          8,242.54  $      1,715.28
Shoe 13 1.33 36.28% 11.77% 24.52%  $      21,218.30  $      5,202.05 33.42% 11.13% 22.29%  $        23,646.19  $      5,270.58
Software (Entertainment) 91 1.36 22.77% 11.98% 10.79%  $    402,472.17  $    43,413.47 21.87% 11.63% 10.24%  $      560,793.97  $    57,423.05
Software (Internet) 33 1.55 -15.73% 13.09% -28.83%  $      32,921.95  $    (9,489.95) -1.03% 11.79% -12.82%  $        40,831.97  $     (5,233.27)
Software (System & Application) 390 1.47 19.68% 12.61% 7.07%  $    362,068.72  $    25,608.48 22.47% 11.91% 10.56%  $      508,660.84  $    53,727.20
Steel 28 1.34 53.75% 11.85% 41.89%  $      47,617.60  $    19,948.78 48.63% 10.14% 38.50%  $        60,577.99  $    23,320.05
Telecom (Wireless) 16 1.03 2.97% 10.00% -7.03%  $      78,134.03  $    (5,495.31) 6.15% 7.80% -1.65%  $      175,092.23  $     (2,880.69)
Telecom. Equipment 79 1.23 20.13% 11.20% 8.92%  $      69,885.92  $      6,236.91 25.99% 10.46% 15.52%  $        74,667.19  $    11,590.01
Telecom. Services 49 0.88 15.76% 9.12% 6.64%  $    263,417.69  $    17,483.87 12.38% 6.57% 5.80%  $      489,564.48  $    28,409.81
Tobacco 15 2.00 NA 15.76% #VALUE!  $     (10,621.19) #VALUE! 70.88% 13.51% 57.37%  $        32,491.94  $    18,641.97
Transportation 18 1.06 36.78% 10.17% 26.62%  $      50,467.81  $    13,432.33 24.20% 8.79% 15.41%  $        86,114.38  $    13,266.63
Transportation (Railroads) 4 1.11 33.56% 10.46% 23.09%  $      42,493.40  $      9,813.77 16.94% 8.97% 7.97%  $      101,261.08  $      8,066.69
Trucking 35 1.55 4.05% 13.06% -9.00%  $      50,536.03  $    (4,550.48) 13.53% 10.33% 3.20%  $        95,444.84  $      3,051.38
Utility (General) 15 0.64 11.24% 7.65% 3.59%  $    145,726.60  $      5,229.24 5.82% 5.90% -0.08%  $      347,021.96  $        (291.50)
Utility (Water) 16 1.15 16.47% 10.73% 5.75%  $      15,652.03  $         899.89 9.13% 8.73% 0.40%  $        32,002.00  $         128.43
Total Market 7165 1.16 16.47% 10.75% 5.72% #############  $  636,990.14 9.13% 8.44% 0.69%  $ 24,992,403.64  $  171,479.01
Total Market (without financials) 5649 1.29 17.27% 11.56% 5.71%  $ 8,388,195.51  $  479,218.30 15.79% 10.01% 5.78%  $ 13,716,285.34  $  793,203.31

Updated in January 2023
Aswath Damodaran