| 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 |
40 |
1.15 |
73.87% |
6.38% |
0.74 |
5.80% |
0.78 |
0.6310 |
80.95% |
15.30% |
| Aerospace/Defense |
87 |
1.08 |
18.46% |
11.59% |
0.95 |
4.33% |
0.99 |
0.4893 |
49.06% |
12.87% |
| Air Transport |
17 |
1.01 |
71.00% |
24.57% |
0.66 |
2.67% |
0.67 |
0.4148 |
40.20% |
92.29% |
| Apparel |
51 |
1.02 |
34.18% |
10.35% |
0.81 |
5.16% |
0.85 |
0.4998 |
59.71% |
22.55% |
| Auto & Truck |
18 |
1.20 |
148.09% |
8.15% |
0.56 |
4.88% |
0.59 |
0.6051 |
38.59% |
209.62% |
| Auto
Parts |
62 |
1.04 |
28.30% |
7.71% |
0.85 |
7.19% |
0.92 |
0.5423 |
56.74% |
53.93% |
| Bank (Money Center) |
11 |
0.64 |
157.26% |
27.31% |
0.29 |
9.94% |
0.32 |
0.1462 |
33.37% |
NA |
| Banks
(Regional) |
612 |
0.50 |
58.68% |
25.57% |
0.35 |
10.04% |
0.39 |
0.1809 |
32.08% |
NA |
| Beverage (Alcoholic) |
28 |
1.33 |
26.14% |
10.12% |
1.11 |
1.20% |
1.12 |
0.5387 |
50.14% |
32.58% |
| Beverage
(Soft) |
35 |
0.70 |
23.06% |
6.41% |
0.60 |
4.46% |
0.63 |
0.5850 |
45.33% |
13.03% |
| Broadcasting |
27 |
1.12 |
112.17% |
17.18% |
0.60 |
7.16% |
0.65 |
0.4085 |
52.30% |
20.47% |
| Brokerage
& Investment Banking |
42 |
1.24 |
219.92% |
14.56% |
0.46 |
14.84% |
0.54 |
0.4586 |
42.48% |
36.49% |
| Building Materials |
39 |
1.11 |
21.46% |
23.34% |
0.95 |
3.30% |
0.99 |
0.3135 |
41.01% |
55.46% |
| Business
& Consumer Services |
169 |
1.17 |
27.44% |
11.09% |
0.97 |
3.94% |
1.01 |
0.5442 |
49.45% |
19.49% |
| Cable TV |
14 |
0.92 |
53.05% |
22.23% |
0.66 |
1.67% |
0.67 |
0.4154 |
36.33% |
35.61% |
| Chemical
(Basic) |
38 |
1.20 |
41.28% |
9.76% |
0.91 |
5.52% |
0.96 |
0.5297 |
59.39% |
40.60% |
| Chemical (Diversified) |
7 |
2.03 |
27.19% |
11.66% |
1.69 |
6.07% |
1.79 |
0.3952 |
68.62% |
36.93% |
| Chemical
(Specialty) |
99 |
1.11 |
29.00% |
9.64% |
0.91 |
3.71% |
0.95 |
0.4598 |
59.69% |
20.92% |
| Coal & Related Energy |
30 |
1.25 |
45.41% |
4.94% |
0.93 |
10.94% |
1.04 |
0.5930 |
90.61% |
226.93% |
| Computer
Services |
111 |
1.10 |
30.83% |
9.40% |
0.89 |
5.49% |
0.94 |
0.5432 |
48.53% |
12.54% |
| Computers/Peripherals |
58 |
1.01 |
18.17% |
5.03% |
0.89 |
4.44% |
0.93 |
0.5296 |
61.38% |
44.58% |
| Construction
Supplies |
49 |
1.12 |
32.47% |
17.36% |
0.90 |
5.64% |
0.95 |
0.3347 |
45.67% |
28.97% |
| Diversified |
24 |
1.19 |
32.49% |
12.09% |
0.96 |
5.48% |
1.01 |
0.4370 |
26.82% |
22.28% |
| Drugs
(Biotechnology) |
459 |
1.44 |
15.83% |
1.36% |
1.29 |
5.27% |
1.36 |
0.5569 |
94.78% |
59.98% |
| Drugs (Pharmaceutical) |
185 |
1.21 |
14.63% |
2.11% |
1.09 |
3.65% |
1.13 |
0.5754 |
85.70% |
9.32% |
| Education |
34 |
1.15 |
38.83% |
8.24% |
0.89 |
7.06% |
0.96 |
0.4730 |
53.59% |
25.37% |
| Electrical Equipment |
118 |
1.08 |
15.85% |
5.06% |
0.97 |
5.49% |
1.02 |
0.6021 |
66.17% |
15.61% |
| Electronics
(Consumer & Office) |
24 |
1.09 |
6.94% |
5.98% |
1.04 |
3.85% |
1.08 |
0.5949 |
70.22% |
257.32% |
| Electronics (General) |
167 |
0.94 |
14.97% |
8.34% |
0.84 |
7.80% |
0.91 |
0.5125 |
60.25% |
28.33% |
| Engineering/Construction |
49 |
1.27 |
29.72% |
13.37% |
1.04 |
8.14% |
1.13 |
0.4130 |
53.02% |
11.78% |
| Entertainment |
90 |
1.15 |
33.74% |
5.45% |
0.92 |
4.23% |
0.96 |
0.6323 |
54.94% |
20.36% |
| Environmental
& Waste Services |
87 |
0.88 |
34.87% |
4.45% |
0.69 |
0.93% |
0.70 |
0.6050 |
65.74% |
12.70% |
| Farming/Agriculture |
34 |
0.74 |
55.54% |
7.69% |
0.52 |
6.02% |
0.56 |
0.4842 |
42.57% |
25.17% |
| Financial
Svcs. (Non-bank & Insurance) |
264 |
0.61 |
1032.19% |
19.89% |
0.07 |
2.38% |
0.07 |
0.2561 |
36.63% |
53.82% |
| Food Processing |
87 |
0.68 |
30.82% |
15.13% |
0.55 |
1.58% |
0.56 |
0.4234 |
41.18% |
25.40% |
| Food
Wholesalers |
15 |
1.79 |
37.46% |
11.91% |
1.39 |
1.76% |
1.41 |
0.4729 |
55.42% |
15.90% |
| Furn/Home Furnishings |
31 |
0.79 |
27.86% |
12.56% |
0.65 |
3.22% |
0.67 |
0.4142 |
51.26% |
34.05% |
| Green
& Renewable Energy |
22 |
1.20 |
98.23% |
2.41% |
0.69 |
4.47% |
0.72 |
0.6613 |
60.29% |
93.85% |
| Healthcare Products |
251 |
0.94 |
17.08% |
4.79% |
0.83 |
5.87% |
0.89 |
0.5371 |
66.92% |
10.87% |
| Healthcare
Support Services |
115 |
0.90 |
24.83% |
13.69% |
0.76 |
8.35% |
0.82 |
0.4877 |
57.44% |
24.22% |
| Heathcare Information and
Technology |
112 |
0.98 |
19.30% |
5.96% |
0.85 |
3.37% |
0.88 |
0.5393 |
58.64% |
30.64% |
| Homebuilding |
32 |
1.11 |
39.65% |
23.86% |
0.85 |
4.82% |
0.89 |
0.3080 |
44.70% |
128.07% |
| Hospitals/Healthcare Facilities |
35 |
1.18 |
176.51% |
10.57% |
0.50 |
1.75% |
0.51 |
0.4592 |
60.63% |
30.20% |
| Hotel/Gaming |
70 |
0.94 |
39.91% |
14.01% |
0.72 |
3.22% |
0.74 |
0.4199 |
45.51% |
26.64% |
| Household Products |
131 |
1.00 |
21.03% |
7.35% |
0.86 |
2.31% |
0.88 |
0.6009 |
56.30% |
6.39% |
| Information
Services |
61 |
0.88 |
15.71% |
15.90% |
0.79 |
4.07% |
0.82 |
0.3503 |
41.35% |
34.44% |
| Insurance (General) |
21 |
0.78 |
38.50% |
14.71% |
0.61 |
3.99% |
0.63 |
0.2871 |
37.21% |
76.79% |
| Insurance
(Life) |
25 |
1.01 |
57.06% |
15.32% |
0.70 |
12.71% |
0.81 |
0.2369 |
37.34% |
36.74% |
| Insurance (Prop/Cas.) |
50 |
0.84 |
26.43% |
18.50% |
0.70 |
4.06% |
0.73 |
0.2254 |
34.65% |
57.83% |
| Investments
& Asset Management |
165 |
0.99 |
42.08% |
8.30% |
0.75 |
13.70% |
0.87 |
0.3629 |
41.00% |
27.10% |
| Machinery |
126 |
1.15 |
19.75% |
14.05% |
1.00 |
3.69% |
1.04 |
0.4209 |
43.17% |
20.89% |
| Metals
& Mining |
102 |
1.10 |
30.54% |
1.66% |
0.90 |
6.75% |
0.96 |
0.6862 |
82.33% |
40.51% |
| Office Equipment & Services |
24 |
1.37 |
51.65% |
18.37% |
0.99 |
10.21% |
1.10 |
0.4977 |
49.66% |
18.32% |
| Oil/Gas
(Integrated) |
5 |
1.37 |
15.29% |
10.96% |
1.23 |
1.70% |
1.25 |
0.3307 |
20.21% |
61.70% |
| Oil/Gas (Production and
Exploration) |
311 |
1.26 |
41.91% |
2.18% |
0.95 |
4.89% |
1.00 |
0.5978 |
78.88% |
109.36% |
| Oil/Gas
Distribution |
16 |
1.21 |
93.43% |
4.84% |
0.71 |
1.53% |
0.72 |
0.4481 |
62.79% |
30.48% |
| Oilfield Svcs/Equip. |
130 |
1.23 |
30.98% |
5.27% |
0.99 |
5.93% |
1.06 |
0.5501 |
73.29% |
42.07% |
| Packaging
& Container |
25 |
0.74 |
50.22% |
22.37% |
0.53 |
3.01% |
0.55 |
0.2952 |
27.67% |
17.89% |
| Paper/Forest Products |
21 |
1.20 |
40.01% |
14.18% |
0.92 |
5.94% |
0.98 |
0.4787 |
56.81% |
34.50% |
| Power |
61 |
0.50 |
76.36% |
20.31% |
0.32 |
1.75% |
0.32 |
0.2477 |
31.23% |
8.37% |
| Precious Metals |
111 |
0.96 |
17.85% |
2.16% |
0.85 |
10.39% |
0.95 |
0.6903 |
91.35% |
72.71% |
| Publishing
& Newspapers |
41 |
1.02 |
44.49% |
11.92% |
0.76 |
7.84% |
0.83 |
0.3562 |
54.14% |
13.55% |
| R.E.I.T. |
244 |
0.66 |
78.50% |
1.96% |
0.41 |
2.00% |
0.42 |
0.1817 |
32.14% |
30.62% |
| Real
Estate (Development) |
20 |
0.75 |
45.30% |
5.80% |
0.56 |
9.13% |
0.61 |
0.6155 |
44.27% |
136.76% |
| Real Estate
(General/Diversified) |
10 |
0.75 |
23.60% |
12.77% |
0.63 |
13.84% |
0.73 |
0.4356 |
41.07% |
204.05% |
| Real
Estate (Operations & Services) |
60 |
1.02 |
46.71% |
8.82% |
0.75 |
5.89% |
0.80 |
0.5502 |
54.01% |
42.66% |
| Recreation |
70 |
0.85 |
29.59% |
10.16% |
0.69 |
4.48% |
0.73 |
0.5329 |
50.85% |
47.63% |
| Reinsurance |
3 |
0.52 |
27.73% |
10.92% |
0.43 |
7.80% |
0.47 |
0.2463 |
18.99% |
52.13% |
| Restaurant/Dining |
81 |
0.85 |
32.21% |
14.99% |
0.68 |
1.85% |
0.70 |
0.4220 |
48.41% |
18.74% |
| Retail
(Automotive) |
25 |
1.01 |
75.96% |
19.04% |
0.64 |
0.99% |
0.65 |
0.4279 |
42.62% |
35.82% |
| Retail (Building Supply) |
8 |
0.86 |
17.86% |
15.36% |
0.75 |
1.21% |
0.76 |
0.4310 |
53.44% |
28.48% |
| Retail
(Distributors) |
92 |
1.15 |
45.58% |
14.20% |
0.85 |
2.07% |
0.87 |
0.4930 |
49.24% |
35.40% |
| Retail (General) |
18 |
1.05 |
31.15% |
22.96% |
0.85 |
2.88% |
0.87 |
0.3620 |
49.94% |
6.34% |
| Retail
(Grocery and Food) |
14 |
0.71 |
83.68% |
21.04% |
0.43 |
1.61% |
0.44 |
0.4397 |
45.73% |
17.63% |
| Retail (Online) |
61 |
1.18 |
11.41% |
7.57% |
1.09 |
3.21% |
1.12 |
0.5386 |
60.64% |
49.32% |
| Retail
(Special Lines) |
106 |
1.11 |
53.00% |
22.01% |
0.79 |
3.41% |
0.82 |
0.4805 |
59.68% |
22.09% |
| Rubber& Tires |
4 |
0.95 |
77.99% |
7.91% |
0.60 |
6.12% |
0.64 |
0.4488 |
56.24% |
42.44% |
| Semiconductor |
72 |
1.17 |
13.10% |
8.04% |
1.07 |
7.82% |
1.16 |
0.3870 |
52.68% |
30.35% |
| Semiconductor Equip |
45 |
0.98 |
11.53% |
8.51% |
0.90 |
8.36% |
0.99 |
0.4202 |
61.04% |
52.85% |
| Shipbuilding
& Marine |
9 |
1.34 |
46.95% |
8.31% |
0.99 |
2.51% |
1.01 |
0.5144 |
94.40% |
29.81% |
| Shoe |
11 |
0.88 |
9.65% |
16.75% |
0.82 |
4.64% |
0.86 |
0.3897 |
44.39% |
25.36% |
| Software
(Entertainment) |
13 |
0.89 |
6.45% |
2.21% |
0.85 |
6.76% |
0.91 |
0.4776 |
49.61% |
103.93% |
| Software (Internet) |
305 |
1.20 |
3.32% |
2.50% |
1.17 |
2.12% |
1.20 |
0.6170 |
65.60% |
49.78% |
| Software
(System & Application) |
255 |
1.09 |
14.14% |
3.98% |
0.98 |
3.75% |
1.02 |
0.5575 |
53.27% |
13.17% |
| Steel |
37 |
1.82 |
36.23% |
7.05% |
1.42 |
7.06% |
1.53 |
0.4324 |
70.40% |
73.59% |
| Telecom
(Wireless) |
18 |
1.30 |
119.97% |
7.95% |
0.68 |
3.88% |
0.71 |
0.6051 |
54.46% |
38.36% |
| Telecom. Equipment |
104 |
1.03 |
20.73% |
8.12% |
0.89 |
6.81% |
0.96 |
0.4608 |
57.87% |
20.11% |
| Telecom.
Services |
66 |
1.08 |
79.53% |
8.05% |
0.68 |
6.13% |
0.72 |
0.6037 |
52.57% |
34.87% |
| Tobacco |
24 |
1.26 |
17.14% |
5.25% |
1.12 |
3.05% |
1.15 |
0.6586 |
45.16% |
13.92% |
| Transportation |
18 |
0.95 |
30.02% |
21.92% |
0.77 |
3.00% |
0.80 |
0.3657 |
46.36% |
25.07% |
| Transportation (Railroads) |
8 |
1.01 |
22.66% |
23.82% |
0.86 |
1.28% |
0.87 |
0.3136 |
29.77% |
24.46% |
| Trucking |
30 |
1.20 |
69.80% |
20.56% |
0.78 |
2.99% |
0.81 |
0.4038 |
54.25% |
34.40% |
| Utility (General) |
18 |
0.29 |
67.24% |
30.89% |
0.19 |
0.58% |
0.20 |
0.1233 |
20.67% |
7.02% |
| Utility
(Water) |
23 |
0.34 |
38.14% |
15.09% |
0.27 |
0.74% |
0.27 |
0.3992 |
53.52% |
24.03% |
| Total Market |
7247 |
1.00 |
59.01% |
10.04% |
0.69 |
4.73% |
0.72 |
0.4635 |
53.52% |
15.92% |
| Total
Market (without financials) |
6057 |
1.07 |
30.74% |
7.92% |
0.87 |
3.95% |
0.90 |
0.5079 |
57.16% |
15.06% |