| Industry Name |
Number of firms |
Beta |
D/E Ratio |
Effective Tax rate |
Unlevered beta |
Cash/Firm value |
Unlevered beta corrected for cash |
HiLo Risk |
Standard deviation of equity |
Standard deviation in operating income (last 10
years) |
| Advertising |
52 |
1.21 |
40.20% |
5.02% |
0.93 |
7.73% |
1.01 |
0.6233 |
62.91% |
15.17% |
| Aerospace/Defense |
79 |
0.95 |
15.56% |
11.58% |
0.85 |
2.61% |
0.87 |
0.5213 |
46.45% |
21.86% |
| Air Transport |
23 |
1.19 |
91.17% |
8.29% |
0.70 |
7.11% |
0.76 |
0.5152 |
59.00% |
210.43% |
| Apparel |
35 |
0.94 |
31.29% |
9.61% |
0.76 |
4.60% |
0.79 |
0.5786 |
46.26% |
26.80% |
| Auto & Truck |
33 |
1.46 |
19.70% |
3.74% |
1.27 |
2.99% |
1.31 |
0.7242 |
61.83% |
38.88% |
| Auto
Parts |
35 |
1.34 |
41.46% |
15.00% |
1.02 |
9.45% |
1.13 |
0.5243 |
49.87% |
21.22% |
| Bank (Money Center) |
15 |
0.76 |
164.19% |
18.43% |
0.34 |
23.17% |
0.44 |
0.2310 |
22.74% |
NA |
| Banks
(Regional) |
568 |
0.40 |
52.10% |
17.61% |
0.29 |
23.48% |
0.37 |
0.1917 |
22.68% |
55.33% |
| Beverage (Alcoholic) |
14 |
0.81 |
43.34% |
12.35% |
0.61 |
2.37% |
0.63 |
0.5830 |
55.96% |
18.74% |
| Beverage
(Soft) |
27 |
0.64 |
20.59% |
6.85% |
0.56 |
3.44% |
0.58 |
0.6187 |
57.89% |
18.65% |
| Broadcasting |
24 |
0.47 |
85.85% |
7.73% |
0.29 |
9.18% |
0.32 |
0.5721 |
46.62% |
24.68% |
| Brokerage
& Investment Banking |
32 |
1.17 |
135.57% |
15.27% |
0.58 |
14.51% |
0.68 |
0.4221 |
36.61% |
NA |
| Building Materials |
41 |
1.11 |
26.00% |
18.02% |
0.93 |
3.16% |
0.96 |
0.4099 |
35.28% |
38.06% |
| Business
& Consumer Services |
155 |
0.89 |
19.72% |
10.38% |
0.77 |
4.02% |
0.81 |
0.5302 |
41.11% |
27.10% |
| Cable TV |
9 |
0.74 |
146.94% |
10.64% |
0.35 |
2.89% |
0.36 |
0.4441 |
44.04% |
26.88% |
| Chemical
(Basic) |
29 |
1.01 |
99.35% |
7.68% |
0.58 |
8.91% |
0.64 |
0.5354 |
45.81% |
39.28% |
| Chemical (Diversified) |
4 |
0.85 |
176.11% |
0.00% |
0.37 |
9.75% |
0.41 |
0.4230 |
39.04% |
45.64% |
| Chemical
(Specialty) |
59 |
0.97 |
29.88% |
13.68% |
0.79 |
3.91% |
0.82 |
0.4095 |
42.31% |
21.76% |
| Coal & Related Energy |
16 |
1.07 |
7.14% |
3.13% |
1.02 |
14.03% |
1.18 |
0.6619 |
64.31% |
242.50% |
| Computer
Services |
64 |
1.09 |
25.10% |
10.53% |
0.92 |
4.80% |
0.96 |
0.5715 |
53.43% |
19.63% |
| Computers/Peripherals |
36 |
1.35 |
4.62% |
5.91% |
1.31 |
1.47% |
1.32 |
0.5571 |
54.58% |
30.57% |
| Construction
Supplies |
40 |
1.15 |
17.62% |
16.04% |
1.02 |
2.94% |
1.05 |
0.4302 |
35.51% |
38.60% |
| Diversified |
20 |
0.88 |
15.55% |
2.76% |
0.79 |
6.42% |
0.84 |
0.5558 |
28.41% |
69.90% |
| Drugs
(Biotechnology) |
496 |
1.14 |
13.04% |
1.08% |
1.03 |
4.20% |
1.08 |
0.6431 |
75.68% |
40.52% |
| Drugs (Pharmaceutical) |
228 |
0.98 |
14.54% |
2.99% |
0.89 |
3.16% |
0.92 |
0.6841 |
76.64% |
26.77% |
| Education |
32 |
0.78 |
24.38% |
15.54% |
0.66 |
8.26% |
0.72 |
0.5006 |
47.24% |
37.79% |
| Electrical Equipment |
112 |
1.25 |
12.00% |
4.82% |
1.15 |
3.53% |
1.19 |
0.6771 |
72.71% |
19.79% |
| Electronics
(Consumer & Office) |
8 |
0.87 |
5.80% |
0.00% |
0.83 |
10.52% |
0.93 |
0.6314 |
70.18% |
NA |
| Electronics (General) |
114 |
0.97 |
11.01% |
8.04% |
0.90 |
4.28% |
0.94 |
0.5332 |
51.84% |
25.55% |
| Engineering/Construction |
48 |
1.21 |
14.01% |
13.64% |
1.09 |
3.74% |
1.14 |
0.4819 |
45.92% |
40.66% |
| Entertainment |
92 |
0.83 |
15.91% |
3.30% |
0.74 |
3.36% |
0.76 |
0.6108 |
48.71% |
33.72% |
| Environmental
& Waste Services |
53 |
0.95 |
21.45% |
4.27% |
0.81 |
1.25% |
0.82 |
0.6040 |
54.91% |
33.05% |
| Farming/Agriculture |
35 |
1.13 |
51.85% |
6.29% |
0.81 |
3.87% |
0.85 |
0.5709 |
50.79% |
49.70% |
| Financial
Svcs. (Non-bank & Insurance) |
176 |
0.97 |
272.13% |
12.06% |
0.32 |
2.69% |
0.33 |
0.4484 |
42.47% |
33.72% |
| Food Processing |
78 |
0.61 |
43.73% |
10.37% |
0.46 |
2.56% |
0.47 |
0.4859 |
43.47% |
9.38% |
| Food
Wholesalers |
13 |
0.87 |
46.97% |
9.15% |
0.64 |
1.06% |
0.65 |
0.5105 |
33.98% |
35.62% |
| Furn/Home Furnishings |
27 |
0.82 |
42.33% |
11.38% |
0.62 |
4.19% |
0.65 |
0.4719 |
51.51% |
20.43% |
| Green
& Renewable Energy |
15 |
0.86 |
113.11% |
0.00% |
0.46 |
1.90% |
0.47 |
0.7310 |
65.14% |
28.78% |
| Healthcare Products |
204 |
0.91 |
12.79% |
4.85% |
0.83 |
3.25% |
0.86 |
0.5590 |
61.79% |
30.90% |
| Healthcare
Support Services |
104 |
0.87 |
35.43% |
9.80% |
0.69 |
7.51% |
0.74 |
0.5230 |
47.24% |
24.13% |
| Heathcare Information and Technology |
115 |
1.11 |
15.74% |
6.38% |
0.99 |
2.46% |
1.02 |
0.5788 |
63.78% |
35.53% |
| Homebuilding |
30 |
0.91 |
21.34% |
16.99% |
0.78 |
8.00% |
0.85 |
0.3682 |
32.79% |
59.59% |
| Hospitals/Healthcare Facilities |
31 |
0.80 |
59.92% |
11.35% |
0.55 |
2.32% |
0.56 |
0.5198 |
56.46% |
20.29% |
| Hotel/Gaming |
63 |
1.08 |
39.75% |
8.31% |
0.83 |
4.96% |
0.88 |
0.4804 |
39.65% |
99.05% |
| Household Products |
110 |
0.82 |
18.15% |
6.50% |
0.72 |
3.14% |
0.74 |
0.6273 |
55.46% |
12.19% |
| Information
Services |
15 |
0.92 |
33.17% |
18.16% |
0.74 |
2.54% |
0.76 |
0.4395 |
32.38% |
40.82% |
| Insurance (General) |
21 |
0.67 |
25.63% |
12.77% |
0.56 |
2.50% |
0.58 |
0.4201 |
46.07% |
42.10% |
| Insurance
(Life) |
20 |
0.64 |
67.84% |
15.19% |
0.43 |
19.67% |
0.53 |
0.2318 |
35.15% |
28.26% |
| Insurance (Prop/Cas.) |
57 |
0.48 |
14.83% |
18.37% |
0.44 |
4.68% |
0.46 |
0.2677 |
28.70% |
37.90% |
| Investments
& Asset Management |
283 |
0.66 |
32.69% |
3.53% |
0.53 |
9.92% |
0.59 |
0.2498 |
30.04% |
23.01% |
| Machinery |
105 |
0.96 |
14.69% |
13.37% |
0.87 |
2.91% |
0.89 |
0.4387 |
45.03% |
23.40% |
| Metals
& Mining |
73 |
1.04 |
10.98% |
2.52% |
0.96 |
4.63% |
1.01 |
0.7047 |
77.56% |
53.67% |
| Office Equipment & Services |
14 |
1.33 |
48.10% |
12.30% |
0.98 |
5.55% |
1.04 |
0.4265 |
39.61% |
14.22% |
| Oil/Gas
(Integrated) |
4 |
0.30 |
13.85% |
28.24% |
0.27 |
2.44% |
0.28 |
0.1572 |
20.27% |
106.56% |
| Oil/Gas (Production and
Exploration) |
142 |
0.72 |
37.59% |
6.66% |
0.56 |
2.73% |
0.58 |
0.5045 |
42.22% |
185.49% |
| Oil/Gas
Distribution |
23 |
0.67 |
58.53% |
9.17% |
0.47 |
0.89% |
0.47 |
0.4565 |
42.24% |
56.92% |
| Oilfield Svcs/Equip. |
97 |
0.95 |
37.36% |
8.75% |
0.74 |
5.59% |
0.79 |
0.4766 |
48.32% |
82.21% |
| Packaging
& Container |
19 |
1.02 |
55.11% |
15.57% |
0.72 |
3.46% |
0.75 |
0.3815 |
25.45% |
13.14% |
| Paper/Forest Products |
6 |
0.96 |
43.69% |
8.60% |
0.72 |
6.25% |
0.77 |
0.4671 |
56.94% |
67.29% |
| Power |
46 |
0.48 |
74.15% |
12.75% |
0.31 |
1.45% |
0.31 |
0.2234 |
25.38% |
17.04% |
| Precious Metals |
56 |
0.84 |
7.28% |
5.97% |
0.79 |
4.53% |
0.83 |
0.7327 |
69.95% |
67.60% |
| Publishing
& Newspapers |
19 |
0.56 |
23.94% |
10.21% |
0.48 |
6.75% |
0.51 |
0.3069 |
35.93% |
12.15% |
| R.E.I.T. |
190 |
0.64 |
84.46% |
1.58% |
0.39 |
1.91% |
0.40 |
0.2593 |
26.37% |
23.20% |
| Real
Estate (Development) |
14 |
0.84 |
101.83% |
4.91% |
0.48 |
15.21% |
0.56 |
0.6070 |
52.10% |
81.39% |
| Real Estate
(General/Diversified) |
12 |
0.81 |
53.56% |
4.65% |
0.58 |
7.83% |
0.63 |
0.4625 |
31.21% |
46.67% |
| Real
Estate (Operations & Services) |
54 |
0.97 |
24.64% |
8.70% |
0.81 |
4.98% |
0.86 |
0.4308 |
50.56% |
29.71% |
| Recreation |
49 |
1.02 |
62.99% |
11.45% |
0.70 |
5.62% |
0.74 |
0.5365 |
48.31% |
25.09% |
| Reinsurance |
1 |
0.58 |
43.47% |
30.36% |
0.44 |
24.11% |
0.58 |
0.1880 |
19.21% |
21.97% |
| Restaurant/Dining |
64 |
0.92 |
27.22% |
9.92% |
0.77 |
1.99% |
0.78 |
0.4914 |
41.15% |
22.10% |
| Retail
(Automotive) |
34 |
0.94 |
45.36% |
10.77% |
0.70 |
2.08% |
0.71 |
0.4825 |
44.58% |
29.76% |
| Retail (Building Supply) |
14 |
1.54 |
23.29% |
11.84% |
1.31 |
0.81% |
1.32 |
0.3865 |
45.88% |
28.49% |
| Retail
(Distributors) |
62 |
0.95 |
28.24% |
14.59% |
0.78 |
2.36% |
0.80 |
0.4330 |
39.29% |
38.70% |
| Retail (General) |
23 |
0.81 |
7.94% |
19.10% |
0.76 |
2.68% |
0.78 |
0.3806 |
43.34% |
37.61% |
| Retail
(Grocery and Food) |
15 |
1.12 |
51.95% |
12.22% |
0.80 |
5.14% |
0.85 |
0.4158 |
49.42% |
33.40% |
| Retail (REITs) |
26 |
0.62 |
56.42% |
1.60% |
0.44 |
1.48% |
0.44 |
0.2005 |
18.77% |
16.63% |
| Retail
(Special Lines) |
94 |
1.09 |
19.76% |
10.07% |
0.95 |
5.30% |
1.00 |
0.5309 |
53.25% |
25.77% |
| Rubber& Tires |
3 |
0.53 |
358.47% |
0.00% |
0.14 |
7.01% |
0.15 |
0.3628 |
50.77% |
61.96% |
| Semiconductor |
66 |
1.52 |
2.59% |
5.11% |
1.49 |
1.02% |
1.50 |
0.5440 |
55.83% |
41.94% |
| Semiconductor Equip |
31 |
1.40 |
4.86% |
9.96% |
1.35 |
3.13% |
1.39 |
0.4760 |
50.08% |
49.58% |
| Shipbuilding
& Marine |
8 |
0.75 |
22.55% |
5.26% |
0.64 |
2.54% |
0.66 |
0.5291 |
50.09% |
70.60% |
| Shoe |
11 |
1.02 |
11.94% |
11.86% |
0.93 |
6.65% |
1.00 |
0.4536 |
50.08% |
26.37% |
| Software
(Entertainment) |
77 |
1.03 |
2.04% |
5.29% |
1.01 |
0.78% |
1.02 |
0.6091 |
57.06% |
59.01% |
| Software (Internet) |
29 |
1.69 |
12.30% |
3.05% |
1.55 |
2.80% |
1.59 |
0.5618 |
52.61% |
234.02% |
| Software
(System & Application) |
309 |
1.28 |
5.58% |
5.51% |
1.23 |
1.83% |
1.25 |
0.5741 |
56.79% |
48.63% |
| Steel |
19 |
1.06 |
23.51% |
9.28% |
0.90 |
4.38% |
0.94 |
0.3648 |
38.51% |
85.30% |
| Telecom
(Wireless) |
12 |
0.54 |
51.95% |
4.02% |
0.39 |
1.32% |
0.39 |
0.5030 |
40.18% |
58.11% |
| Telecom. Equipment |
57 |
0.92 |
9.22% |
7.06% |
0.86 |
2.68% |
0.89 |
0.5619 |
55.26% |
11.30% |
| Telecom.
Services |
39 |
0.63 |
96.06% |
3.40% |
0.37 |
4.21% |
0.38 |
0.5335 |
60.29% |
9.46% |
| Tobacco |
10 |
0.79 |
22.97% |
14.77% |
0.68 |
1.84% |
0.69 |
0.5640 |
65.96% |
10.13% |
| Transportation |
19 |
0.86 |
36.45% |
8.54% |
0.68 |
5.09% |
0.71 |
0.4445 |
38.13% |
54.77% |
| Transportation (Railroads) |
4 |
0.98 |
27.79% |
16.98% |
0.81 |
0.83% |
0.81 |
0.2393 |
23.90% |
13.37% |
| Trucking |
26 |
1.01 |
25.23% |
12.60% |
0.85 |
2.12% |
0.87 |
0.4329 |
35.29% |
33.03% |
| Utility (General) |
14 |
0.24 |
81.48% |
12.77% |
0.15 |
0.33% |
0.15 |
0.1301 |
14.96% |
13.12% |
| Utility
(Water) |
14 |
0.41 |
62.36% |
11.19% |
0.28 |
0.46% |
0.28 |
0.2491 |
48.07% |
21.22% |
| Total Market |
5994 |
0.91 |
35.17% |
8.30% |
0.72 |
4.50% |
0.76 |
0.4807 |
48.07% |
27.75% |
| Total
Market (without financials) |
4822 |
0.99 |
17.29% |
7.10% |
0.88 |
2.60% |
0.90 |
0.5345 |
52.76% |
28.15% |
|
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