Fundamental Growth in EPS 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/fundgr.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 ROE Retention Ratio Fundamental Growth 
Advertising 58 13.57% 32.37% 4.39%
Aerospace/Defense 77 9.87% 29.30% 2.89%
Air Transport 21 -11.37% 100.00% -11.37%
Apparel 39 13.52% 45.68% 6.18%
Auto & Truck 31 15.68% 89.45% 14.02%
Auto Parts 37 7.03% 62.86% 4.42%
Bank (Money Center) 7 11.35% 71.64% 8.13%
Banks (Regional) 557 11.80% 70.89% 8.36%
Beverage (Alcoholic) 23 5.28% 21.00% 1.11%
Beverage (Soft) 31 31.94% 43.48% 13.89%
Broadcasting 26 20.76% 85.64% 17.78%
Brokerage & Investment Banking 30 13.43% 71.31% 9.58%
Building Materials 45 32.73% 87.05% 28.49%
Business & Consumer Services 164 12.85% 71.77% 9.22%
Cable TV 10 12.14% 70.95% 8.61%
Chemical (Basic) 38 34.78% 72.60% 25.25%
Chemical (Diversified) 4 43.44% 85.39% 37.09%
Chemical (Specialty) 76 11.43% 59.54% 6.80%
Coal & Related Energy 19 74.08% 79.57% 58.95%
Computer Services 80 12.15% 6.42% 0.78%
Computers/Peripherals 42 96.26% 83.05% 79.95%
Construction Supplies 49 18.78% 67.84% 12.74%
Diversified 23 0.82% -50.68% -0.42%
Drugs (Biotechnology) 598 0.68% 99.94% 0.68%
Drugs (Pharmaceutical) 281 24.54% 48.64% 11.94%
Education 33 3.19% 82.56% 2.63%
Electrical Equipment 110 13.20% 65.54% 8.65%
Electronics (Consumer & Office) 16 1.28% 100.00% 1.28%
Electronics (General) 138 12.42% 89.39% 11.10%
Engineering/Construction 43 7.50% 83.11% 6.23%
Entertainment 110 1.18% 49.58% 0.59%
Environmental & Waste Services 62 16.47% 53.74% 8.85%
Farming/Agriculture 39 23.65% 78.97% 18.68%
Financial Svcs. (Non-bank & Insurance) 223 48.08% 86.35% 41.51%
Food Processing 92 11.54% 46.22% 5.33%
Food Wholesalers 14 18.98% 56.41% 10.71%
Furn/Home Furnishings 32 5.45% 31.98% 1.74%
Green & Renewable Energy 19 18.27% 43.15% 7.88%
Healthcare Products 254 7.09% 53.87% 3.82%
Healthcare Support Services 131 12.34% 66.96% 8.26%
Heathcare Information and Technology 138 -0.29% 99.96% -0.29%
Homebuilding 32 30.75% 94.55% 29.07%
Hospitals/Healthcare Facilities 34 49.04% 86.44% 42.39%
Hotel/Gaming 69 2.53% 50.57% 1.28%
Household Products 127 33.18% 36.31% 12.05%
Information Services 73 17.74% 71.93% 12.76%
Insurance (General) 21 17.43% 83.15% 14.49%
Insurance (Life) 27 5.58% 61.76% 3.45%
Insurance (Prop/Cas.) 51 5.71% 26.68% 1.52%
Investments & Asset Management 600 17.17% 57.31% 9.84%
Machinery 116 15.49% 63.29% 9.80%
Metals & Mining 68 21.10% 37.50% 7.91%
Office Equipment & Services 16 7.96% 17.04% 1.36%
Oil/Gas (Integrated) 4 32.42% 73.64% 23.87%
Oil/Gas (Production and Exploration) 174 47.00% 76.85% 36.12%
Oil/Gas Distribution 23 4.09% -214.97% -8.80%
Oilfield Svcs/Equip. 101 30.82% 82.42% 25.40%
Packaging & Container 25 19.75% 71.36% 14.09%
Paper/Forest Products 7 46.83% 92.12% 43.13%
Power 48 9.39% 39.44% 3.70%
Precious Metals 74 3.66% -60.36% -2.21%
Publishing & Newspapers 20 5.15% 47.63% 2.45%
R.E.I.T. 223 8.85% -7.80% -0.69%
Real Estate (Development) 18 10.51% 100.00% 10.51%
Real Estate (General/Diversified) 12 6.68% 66.80% 4.46%
Real Estate (Operations & Services) 60 -3.58% 99.66% -3.56%
Recreation 57 3.95% -36.34% -1.44%
Reinsurance 1 4.46% 65.04% 2.90%
Restaurant/Dining 70 NA 38.14% NA
Retail (Automotive) 30 43.25% 93.30% 40.36%
Retail (Building Supply) 15 0.48% 58.84% 0.28%
Retail (Distributors) 69 27.37% 78.35% 21.45%
Retail (General) 15 18.29% 59.40% 10.86%
Retail (Grocery and Food) 13 27.98% 80.18% 22.43%
Retail (Online) 63 2.54% 86.08% 2.19%
Retail (Special Lines) 78 24.16% 67.60% 16.34%
Rubber& Tires 3 19.81% 100.00% 19.81%
Semiconductor 68 22.77% 67.16% 15.29%
Semiconductor Equip 30 46.52% 85.75% 39.89%
Shipbuilding & Marine 8 35.29% 87.63% 30.92%
Shoe 13 36.28% 73.09% 26.52%
Software (Entertainment) 91 22.77% 99.93% 22.75%
Software (Internet) 33 -15.73% 100.00% -15.73%
Software (System & Application) 390 19.68% 65.99% 12.99%
Steel 28 53.75% 94.75% 50.93%
Telecom (Wireless) 16 2.97% 93.72% 2.78%
Telecom. Equipment 79 20.13% 48.93% 9.85%
Telecom. Services 49 15.76% 48.09% 7.58%
Tobacco 15 NA -7.17% NA
Transportation 18 36.78% 66.55% 24.48%
Transportation (Railroads) 4 33.56% 64.12% 21.52%
Trucking 35 4.05% 64.40% 2.61%
Utility (General) 15 11.24% 40.72% 4.58%
Utility (Water) 16 16.47% 65.31% 10.76%
Total Market 7165 16.47% 65.31% 10.76%
Total Market (without financials) 5649 17.27% 63.34% 10.94%

Last updated in January 2023
By Aswath Damodaran