| Date updated: | 5-Jan-17 | ||||||||||
| Created by: | Aswath Damodaran, adamodar@stern.nyu.edu | ||||||||||
| What is this data? | Beta, Unlevered beta and other risk measures | US companies | |||||||||
| Home Page: | http://www.damodaran.com | ||||||||||
| Data website: | http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html | ||||||||||
| Companies in each industry: | http://www.stern.nyu.edu/~adamodar/pc/datasets/indname.xls | ||||||||||
| Variable definitions: | http://www.stern.nyu.edu/~adamodar/New_Home_Page/datafile/variable.htm | ||||||||||
| Industry Name | Number of firms | Beta | D/E Ratio | Tax rate | Unlevered beta | Cash/Firm value | Unlevered beta corrected for cash | HiLo Risk | Standard deviation of equity | Coefficient of variation in net income | Coefficient of variation in operating income |
| Advertising | 41 | 1.36 | 59.91% | 5.10% | 0.87 | 6.39% | 0.93 | 0.6671 | 72.80% | 0.88 | 1.19 |
| Aerospace/Defense | 96 | 1.07 | 23.18% | 10.86% | 0.89 | 5.23% | 0.94 | 0.5241 | 40.75% | 0.96 | 1.26 |
| Air Transport | 18 | 1.12 | 63.67% | 22.99% | 0.75 | 4.40% | 0.79 | 0.4760 | 38.61% | 0.84 | 1.22 |
| Apparel | 58 | 0.88 | 31.65% | 10.95% | 0.69 | 4.38% | 0.72 | 0.4968 | 47.15% | 0.99 | 1.26 |
| Auto & Truck | 15 | 0.85 | 150.15% | 8.14% | 0.36 | 6.47% | 0.38 | 0.6222 | 29.21% | 1.01 | 1.10 |
| Auto Parts | 63 | 1.12 | 34.75% | 10.40% | 0.86 | 8.93% | 0.94 | 0.5478 | 50.64% | 0.76 | 1.08 |
| Banks (Money Center) | 10 | 0.86 | 187.36% | 27.90% | 0.37 | 9.92% | 0.41 | 0.2658 | 25.85% | NA | NA |
| Banks (Regional) | 645 | 0.47 | 59.98% | 25.43% | 0.33 | 10.79% | 0.37 | 0.2325 | 22.84% | NA | NA |
| Beverage (Alcoholic) | 25 | 0.79 | 28.89% | 10.86% | 0.63 | 11.32% | 0.71 | 0.5805 | 44.18% | 0.75 | 0.85 |
| Beverage (Soft) | 36 | 0.91 | 24.38% | 5.87% | 0.74 | 4.84% | 0.78 | 0.5856 | 52.80% | 1.10 | 1.39 |
| Broadcasting | 30 | 1.22 | 94.70% | 18.54% | 0.69 | 2.18% | 0.70 | 0.4266 | 41.01% | 0.51 | 1.54 |
| Brokerage & Investment Banking | 45 | 1.08 | 231.42% | 13.59% | 0.36 | 15.01% | 0.42 | 0.4577 | 44.96% | 2.34 | 2.47 |
| Building Materials | 41 | 1.01 | 26.62% | 23.39% | 0.84 | 4.06% | 0.87 | 0.3818 | 33.77% | 0.76 | 1.21 |
| Business & Consumer Services | 165 | 1.07 | 34.09% | 12.61% | 0.82 | 3.55% | 0.86 | 0.5200 | 44.71% | 0.95 | 1.16 |
| Cable TV | 14 | 1.12 | 48.99% | 20.28% | 0.80 | 2.32% | 0.82 | 0.3395 | 30.78% | 1.18 | 1.55 |
| Chemical (Basic) | 45 | 1.00 | 57.48% | 7.71% | 0.66 | 4.03% | 0.68 | 0.5526 | 59.91% | 1.06 | 1.22 |
| Chemical (Diversified) | 8 | 1.52 | 34.92% | 6.59% | 1.15 | 6.53% | 1.23 | 0.5298 | 45.48% | 0.46 | 0.66 |
| Chemical (Specialty) | 100 | 1.20 | 29.61% | 9.58% | 0.95 | 3.98% | 0.98 | 0.4924 | 45.44% | 0.75 | 0.96 |
| Coal & Related Energy | 38 | 1.36 | 137.95% | 0.48% | 0.57 | 5.36% | 0.61 | 0.6001 | 73.31% | 1.08 | 1.12 |
| Computer Services | 117 | 0.99 | 27.74% | 11.18% | 0.79 | 5.26% | 0.83 | 0.5390 | 45.57% | 0.87 | 1.23 |
| Computers/Peripherals | 55 | 1.06 | 19.31% | 5.68% | 0.89 | 5.63% | 0.95 | 0.4866 | 60.29% | 0.89 | 1.21 |
| Construction Supplies | 51 | 1.31 | 42.21% | 18.44% | 0.98 | 4.69% | 1.03 | 0.4424 | 38.87% | 0.84 | 1.11 |
| Diversified | 24 | 0.76 | 35.66% | 11.55% | 0.58 | 7.86% | 0.63 | 0.3951 | 23.28% | 0.92 | 1.06 |
| Drugs (Biotechnology) | 426 | 1.40 | 19.24% | 1.44% | 1.18 | 5.55% | 1.25 | 0.5805 | 75.23% | 0.77 | 0.84 |
| Drugs (Pharmaceutical) | 164 | 1.02 | 14.47% | 2.54% | 0.89 | 3.98% | 0.93 | 0.6179 | 67.61% | 0.94 | 1.10 |
| Education | 36 | 1.23 | 29.96% | 9.29% | 0.96 | 10.43% | 1.08 | 0.5865 | 51.51% | 1.38 | 1.34 |
| Electrical Equipment | 119 | 1.14 | 18.93% | 5.87% | 0.97 | 6.43% | 1.04 | 0.6252 | 54.63% | 0.92 | 1.08 |
| Electronics (Consumer & Office) | 24 | 1.08 | 18.39% | 3.81% | 0.92 | 6.04% | 0.98 | 0.6086 | 66.94% | 1.16 | 1.64 |
| Electronics (General) | 164 | 0.86 | 17.54% | 8.85% | 0.75 | 10.05% | 0.83 | 0.4951 | 48.91% | 0.78 | 1.02 |
| Engineering/Construction | 48 | 1.18 | 31.05% | 15.15% | 0.93 | 8.35% | 1.02 | 0.5056 | 44.23% | 0.89 | 1.14 |
| Entertainment | 79 | 1.20 | 29.99% | 5.50% | 0.94 | 3.61% | 0.97 | 0.6605 | 44.71% | 1.17 | 1.32 |
| Environmental & Waste Services | 89 | 0.85 | 38.40% | 5.07% | 0.62 | 0.96% | 0.63 | 0.5837 | 57.94% | 0.96 | 1.22 |
| Farming/Agriculture | 37 | 0.92 | 59.63% | 7.89% | 0.59 | 3.89% | 0.62 | 0.5482 | 41.14% | 0.94 | 1.18 |
| Financial Svcs. (Non-bank & Insurance) | 258 | 0.65 | 1123.96% | 20.80% | 0.07 | 2.29% | 0.07 | 0.2947 | 29.20% | 0.95 | 1.09 |
| Food Processing | 87 | 0.75 | 26.63% | 14.66% | 0.61 | 2.58% | 0.63 | 0.4214 | 30.98% | 0.60 | 0.84 |
| Food Wholesalers | 16 | 1.20 | 35.87% | 11.77% | 0.91 | 1.77% | 0.93 | 0.3878 | 52.66% | 0.63 | 0.78 |
| Furn/Home Furnishings | 30 | 0.84 | 28.31% | 14.58% | 0.67 | 3.41% | 0.70 | 0.4789 | 42.94% | 0.87 | 1.09 |
| Green & Renewable Energy | 25 | 1.14 | 171.05% | 4.25% | 0.43 | 8.96% | 0.47 | 0.6770 | 47.60% | 2.27 | 2.36 |
| Healthcare Products | 254 | 1.04 | 17.80% | 6.12% | 0.89 | 3.91% | 0.92 | 0.5348 | 56.59% | 0.72 | 0.92 |
| Healthcare Support Services | 121 | 0.94 | 31.75% | 14.31% | 0.74 | 10.10% | 0.82 | 0.5096 | 50.06% | 0.79 | 0.99 |
| Heathcare Information and Technology | 125 | 0.95 | 20.37% | 6.32% | 0.80 | 4.23% | 0.83 | 0.5458 | 52.46% | 0.96 | 1.10 |
| Homebuilding | 33 | 1.08 | 66.11% | 27.28% | 0.73 | 5.34% | 0.77 | 0.3321 | 33.76% | 1.24 | 1.37 |
| Hospitals/Healthcare Facilities | 38 | 1.10 | 165.93% | 12.06% | 0.45 | 1.46% | 0.45 | 0.4817 | 44.67% | 0.73 | 0.99 |
| Hotel/Gaming | 69 | 0.96 | 54.46% | 11.23% | 0.65 | 3.45% | 0.67 | 0.4598 | 39.32% | 0.82 | 1.21 |
| Household Products | 129 | 0.80 | 20.93% | 9.05% | 0.67 | 2.97% | 0.69 | 0.5926 | 50.91% | 0.81 | 1.08 |
| Information Services | 64 | 0.98 | 20.28% | 16.37% | 0.84 | 3.72% | 0.87 | 0.3452 | 36.65% | 0.60 | 0.85 |
| Insurance (General) | 19 | 0.90 | 38.41% | 18.33% | 0.69 | 3.93% | 0.72 | 0.2761 | 30.38% | 0.53 | 0.77 |
| Insurance (Life) | 22 | 1.03 | 71.10% | 22.91% | 0.67 | 16.86% | 0.80 | 0.2818 | 27.80% | 0.93 | 1.03 |
| Insurance (Prop/Cas.) | 50 | 0.83 | 30.71% | 22.27% | 0.67 | 4.63% | 0.70 | 0.2524 | 25.41% | 0.79 | 0.79 |
| Investments & Asset Management | 156 | 0.90 | 60.98% | 7.71% | 0.57 | 15.51% | 0.68 | 0.3809 | 34.30% | 1.04 | 1.34 |
| Machinery | 127 | 1.06 | 21.48% | 11.73% | 0.89 | 4.28% | 0.93 | 0.4467 | 38.59% | 0.84 | 0.99 |
| Metals & Mining | 97 | 1.30 | 51.74% | 1.16% | 0.86 | 2.98% | 0.89 | 0.7440 | 77.36% | 1.18 | 1.42 |
| Office Equipment & Services | 24 | 1.49 | 53.30% | 16.68% | 1.03 | 6.35% | 1.10 | 0.4362 | 33.85% | 0.84 | 1.34 |
| Oil/Gas (Integrated) | 7 | 1.08 | 16.70% | 1.14% | 0.93 | 2.05% | 0.95 | 0.5161 | 46.30% | 0.54 | 0.51 |
| Oil/Gas (Production and Exploration) | 330 | 1.38 | 46.68% | 0.32% | 0.94 | 5.45% | 0.99 | 0.6405 | 75.08% | 1.22 | 1.50 |
| Oil/Gas Distribution | 78 | 1.20 | 76.61% | 2.93% | 0.69 | 0.76% | 0.69 | 0.4215 | 45.13% | 0.70 | 0.90 |
| Oilfield Svcs/Equip. | 148 | 1.37 | 32.01% | 4.11% | 1.04 | 6.30% | 1.12 | 0.5450 | 60.50% | 0.97 | 1.16 |
| Packaging & Container | 26 | 0.84 | 55.59% | 24.47% | 0.59 | 2.56% | 0.61 | 0.3546 | 29.58% | 0.29 | 0.70 |
| Paper/Forest Products | 23 | 1.12 | 48.67% | 14.46% | 0.79 | 4.89% | 0.83 | 0.5042 | 38.67% | 0.79 | 0.92 |
| Power | 68 | 0.54 | 86.39% | 19.27% | 0.32 | 2.47% | 0.33 | 0.2648 | 24.11% | 0.32 | 0.54 |
| Precious Metals | 109 | 1.25 | 24.05% | 1.84% | 1.01 | 8.33% | 1.10 | 0.7586 | 78.31% | 1.10 | 1.29 |
| Publishing & Newspapers | 37 | 1.32 | 54.65% | 14.32% | 0.90 | 7.88% | 0.98 | 0.4132 | 48.08% | 1.18 | 1.74 |
| R.E.I.T. | 238 | 0.72 | 78.29% | 1.72% | 0.41 | 1.62% | 0.42 | 0.2392 | 24.67% | 0.46 | 0.94 |
| Real Estate (Development) | 18 | 0.68 | 59.34% | 1.97% | 0.43 | 8.54% | 0.47 | 0.6038 | 39.45% | 1.31 | 1.59 |
| Real Estate (General/Diversified) | 11 | 1.27 | 24.17% | 15.32% | 1.05 | 3.71% | 1.10 | 0.4391 | 24.99% | 0.97 | 1.23 |
| Real Estate (Operations & Services) | 54 | 0.99 | 74.95% | 8.78% | 0.59 | 5.26% | 0.62 | 0.5913 | 50.15% | 0.91 | 1.30 |
| Recreation | 66 | 0.92 | 30.37% | 13.21% | 0.73 | 4.56% | 0.76 | 0.5233 | 46.01% | 0.95 | 1.15 |
| Reinsurance | 3 | 0.75 | 32.02% | 19.33% | 0.59 | 8.32% | 0.65 | 0.2514 | 21.23% | 1.15 | 1.45 |
| Restaurant/Dining | 86 | 0.77 | 31.95% | 16.47% | 0.61 | 2.41% | 0.62 | 0.4123 | 39.10% | 0.64 | 0.89 |
| Retail (Automotive) | 25 | 0.91 | 56.49% | 22.58% | 0.64 | 1.15% | 0.64 | 0.4333 | 28.30% | 0.53 | 0.85 |
| Retail (Building Supply) | 6 | 1.30 | 20.68% | 20.11% | 1.11 | 1.67% | 1.13 | 0.2621 | 39.62% | 0.47 | 0.50 |
| Retail (Distributors) | 88 | 1.10 | 56.14% | 16.95% | 0.75 | 2.20% | 0.77 | 0.5018 | 40.48% | 0.71 | 0.95 |
| Retail (General) | 19 | 1.05 | 36.53% | 22.22% | 0.82 | 2.79% | 0.84 | 0.2805 | 40.00% | 0.51 | 0.73 |
| Retail (Grocery and Food) | 14 | 0.69 | 59.72% | 24.11% | 0.47 | 1.31% | 0.48 | 0.3599 | 35.13% | 0.31 | 0.60 |
| Retail (Online) | 57 | 1.23 | 9.33% | 8.46% | 1.13 | 3.80% | 1.18 | 0.5212 | 48.86% | 1.12 | 1.42 |
| Retail (Special Lines) | 108 | 1.02 | 46.03% | 21.29% | 0.75 | 4.47% | 0.79 | 0.4108 | 42.19% | 0.69 | 0.88 |
| Rubber& Tires | 4 | 1.35 | 70.60% | 10.09% | 0.82 | 8.17% | 0.90 | 0.4555 | 63.88% | 0.69 | 1.08 |
| Semiconductor | 80 | 1.20 | 13.99% | 7.71% | 1.06 | 4.79% | 1.11 | 0.4717 | 42.08% | 0.83 | 1.11 |
| Semiconductor Equip | 45 | 1.10 | 16.28% | 11.13% | 0.96 | 12.70% | 1.10 | 0.4324 | 38.24% | 1.05 | 1.35 |
| Shipbuilding & Marine | 11 | 1.20 | 47.59% | 7.30% | 0.83 | 2.84% | 0.86 | 0.5953 | 73.54% | 0.80 | 1.19 |
| Shoe | 10 | 0.85 | 9.27% | 14.47% | 0.79 | 5.65% | 0.84 | 0.3007 | 37.21% | 0.57 | 0.76 |
| Software (Entertainment) | 13 | 0.98 | 14.56% | 1.04% | 0.86 | 11.31% | 0.97 | 0.6124 | 48.14% | 1.60 | 1.50 |
| Software (Internet) | 297 | 1.13 | 4.01% | 3.49% | 1.09 | 2.65% | 1.12 | 0.6293 | 55.85% | 1.19 | 1.31 |
| Software (System & Application) | 236 | 1.13 | 21.25% | 5.67% | 0.94 | 5.34% | 0.99 | 0.5614 | 47.40% | 0.93 | 1.14 |
| Steel | 38 | 1.60 | 47.56% | 7.94% | 1.11 | 7.06% | 1.20 | 0.5972 | 54.19% | 0.90 | 1.31 |
| Telecom (Wireless) | 17 | 1.12 | 107.05% | 9.11% | 0.57 | 6.14% | 0.60 | 0.6530 | 37.67% | 1.11 | 1.40 |
| Telecom. Equipment | 107 | 0.99 | 24.32% | 6.14% | 0.80 | 6.87% | 0.86 | 0.4893 | 49.24% | 0.94 | 1.12 |
| Telecom. Services | 67 | 1.04 | 64.09% | 13.36% | 0.67 | 1.80% | 0.68 | 0.4531 | 47.21% | 0.80 | 1.17 |
| Tobacco | 22 | 1.28 | 17.13% | 8.84% | 1.11 | 2.38% | 1.13 | 0.6350 | 61.73% | 0.55 | 1.28 |
| Transportation | 17 | 1.01 | 29.93% | 17.46% | 0.81 | 3.56% | 0.84 | 0.3969 | 32.72% | 0.55 | 0.73 |
| Transportation (Railroads) | 7 | 0.79 | 27.34% | 22.17% | 0.65 | 1.83% | 0.66 | 0.2829 | 27.05% | 0.36 | 0.40 |
| Trucking | 30 | 1.21 | 89.67% | 26.74% | 0.73 | 4.28% | 0.76 | 0.4577 | 42.01% | 0.65 | 0.88 |
| Utility (General) | 18 | 0.38 | 68.18% | 25.62% | 0.25 | 0.65% | 0.25 | 0.1515 | 19.32% | 0.20 | 0.48 |
| Utility (Water) | 22 | 0.65 | 43.33% | 11.97% | 0.47 | 0.43% | 0.47 | 0.4530 | 27.03% | 0.70 | 1.00 |
| Total Market | 7330 | 1.00 | 67.15% | 10.44% | 0.63 | 4.94% | 0.66 | 0.4822 | 45.04% | 0.86 | 1.10 |
| Total Market (without financials) | 6125 | 1.08 | 34.91% | 8.27% | 0.81 | 4.13% | 0.85 | 0.5227 | 48.61% | 0.94 | 1.21 |