Price and Value to Book Ratio by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2024

Download as an excel file instead: https://www.stern.nyu.edu/~adamodar/pc/datasets/pbvdata.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 PBV ROE EV/ Invested Capital ROIC
Advertising 57 5.76 3.25% 6.93 31.52%
Aerospace/Defense 70 5.08 13.19% 4.53 16.17%
Air Transport 25 2.24 21.94% 1.47 10.92%
Apparel 38 2.56 9.20% 2.15 15.29%
Auto & Truck 34 4.60 9.37% 2.32 5.19%
Auto Parts 39 2.00 5.72% 1.55 10.16%
Bank (Money Center) 15 1.05 14.87% 1.12 0.02%
Banks (Regional) 625 1.02 12.14% 1.19 -0.05%
Beverage (Alcoholic) 19 3.10 8.70% 3.22 16.67%
Beverage (Soft) 29 7.42 30.56% 6.47 30.65%
Broadcasting 22 0.80 -2.16% 1.41 12.06%
Brokerage & Investment Banking 27 1.66 10.41% 1.24 0.13%
Building Materials 44 4.74 21.35% 4.97 25.27%
Business & Consumer Services 162 5.54 14.00% 6.67 27.45%
Cable TV 10 2.06 19.47% 1.86 11.31%
Chemical (Basic) 32 1.98 8.89% 1.78 11.81%
Chemical (Diversified) 4 1.97 -2.36% 1.47 1.57%
Chemical (Specialty) 68 2.67 14.94% 2.81 13.51%
Coal & Related Energy 18 1.79 29.07% 1.69 29.50%
Computer Services 72 4.37 18.77% 4.70 24.17%
Computers/Peripherals 36 30.98 0.00% 10.70 37.80%
Construction Supplies 45 3.92 27.11% 2.93 20.16%
Diversified 23 1.87 15.87% 2.01 20.40%
Drugs (Biotechnology) 572 6.14 -11.59% 2.85 1.56%
Drugs (Pharmaceutical) 245 5.20 17.32% 3.17 13.38%
Education 31 2.72 1.67% 3.17 5.93%
Electrical Equipment 103 2.92 23.70% 3.46 13.27%
Electronics (Consumer & Office) 13 1.90 -6.63% 1.43 0.95%
Electronics (General) 129 3.28 8.80% 3.43 15.11%
Engineering/Construction 43 3.33 6.41% 3.41 12.58%
Entertainment 98 2.59 -0.27% 3.18 7.56%
Environmental & Waste Services 57 6.25 21.01% 7.13 29.94%
Farming/Agriculture 42 2.73 27.51% 1.82 17.93%
Financial Svcs. (Non-bank & Insurance) 172 3.43 22.36% 1.23 0.88%
Food Processing 82 2.30 10.10% 3.03 17.23%
Food Wholesalers 14 4.10 21.11% 3.12 14.96%
Furn/Home Furnishings 31 2.25 -6.53% 2.02 10.31%
Green & Renewable Energy 17 0.85 10.68% 0.94 4.15%
Healthcare Products 230 4.63 8.31% 4.94 13.08%
Healthcare Support Services 119 3.34 15.62% 6.97 45.74%
Heathcare Information and Technology 128 4.09 5.18% 5.34 14.28%
Homebuilding 32 2.00 22.88% 2.05 20.91%
Hospitals/Healthcare Facilities 32 5.12 61.97% 2.48 20.16%
Hotel/Gaming 68 11.06 35.87% 3.46 9.99%
Household Products 93 7.33 26.98% 6.58 31.17%
Information Services 18 4.06 8.43% 5.09 22.74%
Insurance (General) 21 2.86 13.52% 3.07 15.65%
Insurance (Life) 23 1.62 1.32% 1.35 0.11%
Insurance (Prop/Cas.) 50 2.30 10.36% 2.21 11.12%
Investments & Asset Management 334 2.00 13.78% 1.98 6.16%
Machinery 103 4.34 19.02% 5.27 24.91%
Metals & Mining 68 3.22 12.17% 2.73 24.03%
Office Equipment & Services 17 2.54 2.66% 2.11 12.93%
Oil/Gas (Integrated) 4 1.82 19.85% 1.73 17.04%
Oil/Gas (Production and Exploration) 166 1.94 31.09% 1.71 28.41%
Oil/Gas Distribution 24 2.32 42.41% 1.71 20.60%
Oilfield Svcs/Equip. 100 1.98 29.65% 1.93 28.02%
Packaging & Container 22 2.57 8.54% 2.33 14.21%
Paper/Forest Products 7 2.42 15.17% 1.89 18.90%
Power 50 1.71 8.60% 1.36 5.78%
Precious Metals 61 2.04 -2.33% 1.95 4.69%
Publishing & Newspapers 21 2.05 3.40% 2.78 13.86%
R.E.I.T. 193 2.01 4.57% 1.45 2.98%
Real Estate (Development) 17 1.35 -8.54% 1.17 2.93%
Real Estate (General/Diversified) 11 1.25 9.11% 1.22 5.31%
Real Estate (Operations & Services) 60 2.87 -8.27% 2.46 0.07%
Recreation 55 3.46 2.56% 2.28 9.54%
Reinsurance 1 1.31 31.23% 1.25 30.12%
Restaurant/Dining 64 NA NA 6.43 19.56%
Retail (Automotive) 30 6.97 47.33% 2.52 13.20%
Retail (Building Supply) 16 NA NA 7.88 39.43%
Retail (Distributors) 62 4.03 25.45% 2.96 18.61%
Retail (General) 26 7.24 19.55% 3.59 9.89%
Retail (Grocery and Food) 14 2.90 14.78% 1.88 10.99%
Retail (REITs) 28 1.94 6.52% 1.48 4.46%
Retail (Special Lines) 105 4.78 9.64% 3.17 13.50%
Rubber& Tires 3 0.79 -10.00% 0.89 3.12%
Semiconductor 63 7.38 12.61% 5.84 11.37%
Semiconductor Equip 30 8.10 32.89% 5.89 25.68%
Shipbuilding & Marine 8 1.36 7.82% 1.38 9.24%
Shoe 13 8.71 29.90% 7.28 24.04%
Software (Entertainment) 84 6.24 23.26% 4.36 19.94%
Software (Internet) 35 9.00 -14.54% 5.60 -0.48%
Software (System & Application) 351 11.03 24.44% 9.35 23.22%
Steel 29 1.76 22.19% 1.87 22.18%
Telecom (Wireless) 13 2.53 9.74% 1.72 6.55%
Telecom. Equipment 66 5.14 24.55% 4.84 28.18%
Telecom. Services 42 1.30 -0.34% 1.33 11.80%
Tobacco 16 NA NA 7.20 80.36%
Transportation 36 5.38 28.27% 2.99 15.48%
Transportation (Railroads) 4 6.91 31.68% 3.15 14.26%
Trucking 22 3.58 12.97% 2.98 12.75%
Utility (General) 14 1.65 11.15% 1.34 6.47%
Utility (Water) 13 2.30 15.98% 1.78 8.41%
Total Market 6481 3.78 15.98% 2.35 8.41%
Total Market (without financials) 5214 4.47 16.59% 3.25 14.67%

Last Updated in January 2024
By Aswath Damodaran