Multiples by Market Cap Class (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2022

Critieria for inclusion: All publicly traded firms in the United States

Market Cap Decile Number of firms PE PBV Price/Sales EV/EBIT EV/EBITDA EV/Sales EV/Invested Capital ROE Pre-tax ROIC Net Margin Operating Margin % of companies with Net Income <0 % of companies with Operating income <0
Bottom decile 603 10.52 1.59 2.89 18.05 17.37 2.89 2.25 -23.50% -18.37% -22.10% -22.26% 53.90% 51.41%
2nd decile 603 9.94 1.23 2.93 28.31 21.70 2.78 1.73 -13.88% -10.32% -10.14% -9.58% 58.71% 57.71%
3rd decile 603 11.18 1.47 3.20 22.77 26.73 3.19 1.95 0.85% -1.24% -0.84% 0.53% 51.24% 48.42%
4th decile 605 10.86 1.51 3.14 21.78 20.76 2.87 2.08 4.75% -0.30% -0.38% 2.53% 49.42% 40.83%
5th decile 603 13.50 2.02 3.66 23.03 17.54 3.32 2.78 4.86% -0.25% -0.06% 1.28% 56.05% 37.48%
6th decile 604 14.02 2.06 3.27 17.86 13.50 3.04 2.45 8.40% 0.02% 0.10% 2.85% 55.63% 39.74%
7th decile 603 18.49 2.64 3.68 21.77 15.53 4.04 3.18 6.48% 1.59% 1.75% 1.93% 53.40% 38.64%
8th decile 604 18.22 2.72 3.58 22.47 15.84 4.00 3.18 9.31% 4.37% 4.70% 4.86% 42.55% 27.65%
9th decile 603 22.25 3.65 4.00 23.55 16.91 4.81 4.18 12.18% 10.34% 9.93% 7.86% 35.16% 19.24%
Top decile 604 28.88 4.75 5.14 24.98 18.53 6.17 5.68 16.33% 16.05% 16.64% 12.27% 21.03% 11.59%
US Market 7,229 16.91 2.36 3.51 22.73 16.95 3.90 3.02 7.78% 0.21% 0.14% 3.79% 45.04% 36.49%

Last updated in January 2022
By Aswath Damodaran