Revenue Multiples 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/psdata.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 Price/Sales Net Margin EV/Sales Pre-tax Operating Margin
Advertising 57 1.82 0.89% 2.26 9.96%
Aerospace/Defense 70 2.03 4.96% 2.48 8.56%
Air Transport 25 0.39 2.79% 0.91 6.69%
Apparel 38 0.86 3.15% 1.20 9.60%
Auto & Truck 34 2.01 3.53% 2.49 4.89%
Auto Parts 39 0.63 1.62% 0.82 5.38%
Bank (Money Center) 15 2.65 30.89% 5.27 0.08%
Banks (Regional) 625 2.83 29.67% 4.47 -0.18%
Beverage (Alcoholic) 19 3.17 8.59% 3.89 20.75%
Beverage (Soft) 29 3.69 13.73% 4.16 19.39%
Broadcasting 22 0.50 -1.41% 1.25 11.73%
Brokerage & Investment Banking 27 2.28 12.44% 5.61 0.66%
Building Materials 44 1.86 8.00% 2.11 13.70%
Business & Consumer Services 162 2.35 5.45% 2.68 11.27%
Cable TV 10 1.28 10.69% 2.55 19.08%
Chemical (Basic) 32 0.85 3.52% 1.15 8.02%
Chemical (Diversified) 4 0.75 -1.01% 1.16 1.57%
Chemical (Specialty) 68 2.19 10.93% 2.68 13.26%
Coal & Related Energy 18 1.24 15.80% 1.33 20.63%
Computer Services 72 1.12 4.40% 1.37 7.27%
Computers/Peripherals 36 5.28 17.47% 5.51 21.05%
Construction Supplies 45 1.79 10.17% 2.14 15.21%
Diversified 23 2.13 15.84% 2.43 23.07%
Drugs (Biotechnology) 572 6.44 -11.88% 6.89 0.92%
Drugs (Pharmaceutical) 245 4.51 15.20% 5.08 18.15%
Education 31 2.07 1.30% 2.30 5.07%
Electrical Equipment 103 2.63 15.22% 2.98 9.22%
Electronics (Consumer & Office) 13 0.82 -3.05% 0.85 -0.04%
Electronics (General) 129 1.97 4.69% 2.18 9.59%
Engineering/Construction 43 0.93 1.67% 1.12 4.74%
Entertainment 98 2.52 -0.23% 3.07 6.73%
Environmental & Waste Services 57 2.80 8.09% 3.38 13.81%
Farming/Agriculture 42 0.79 7.12% 1.11 10.37%
Financial Svcs. (Non-bank & Insurance) 172 4.35 15.44% 19.18 15.23%
Food Processing 82 1.41 6.00% 1.84 10.92%
Food Wholesalers 14 0.28 1.21% 0.40 2.22%
Furn/Home Furnishings 31 0.75 -2.24% 1.05 6.10%
Green & Renewable Energy 17 3.20 15.26% 7.47 21.76%
Healthcare Products 230 4.75 8.19% 5.16 13.40%
Healthcare Support Services 119 0.53 2.25% 0.61 3.87%
Heathcare Information and Technology 128 4.76 5.72% 5.29 14.04%
Homebuilding 32 1.26 12.27% 1.32 16.30%
Hospitals/Healthcare Facilities 32 0.88 5.12% 1.56 11.55%
Hotel/Gaming 68 3.03 10.08% 4.23 13.39%
Household Products 93 3.02 11.08% 3.41 16.98%
Information Services 18 1.81 3.49% 2.33 12.24%
Insurance (General) 21 2.18 8.88% 2.66 15.27%
Insurance (Life) 23 0.97 0.72% 1.57 0.13%
Insurance (Prop/Cas.) 50 1.19 5.00% 1.36 7.49%
Investments & Asset Management 334 4.30 19.82% 5.42 14.70%
Machinery 103 2.70 9.77% 3.07 14.95%
Metals & Mining 68 2.69 7.23% 2.94 19.55%
Office Equipment & Services 17 0.82 0.81% 1.17 7.50%
Oil/Gas (Integrated) 4 1.26 12.40% 1.35 15.78%
Oil/Gas (Production and Exploration) 166 2.23 28.26% 2.65 37.68%
Oil/Gas Distribution 24 2.15 23.59% 3.58 38.21%
Oilfield Svcs/Equip. 100 0.51 6.22% 0.63 8.83%
Packaging & Container 22 0.90 2.85% 1.40 9.97%
Paper/Forest Products 7 0.80 3.86% 1.04 10.08%
Power 50 1.95 8.51% 3.72 16.29%
Precious Metals 61 3.65 -4.26% 3.96 9.56%
Publishing & Newspapers 21 1.16 1.82% 1.44 7.59%
R.E.I.T. 193 6.54 12.61% 11.49 21.77%
Real Estate (Development) 17 2.49 -16.35% 4.38 11.16%
Real Estate (General/Diversified) 11 4.08 16.91% 4.78 16.44%
Real Estate (Operations & Services) 60 1.14 -3.14% 1.51 0.05%
Recreation 55 1.21 0.90% 1.84 8.10%
Reinsurance 1 0.59 6.36% 0.69 9.66%
Restaurant/Dining 64 3.41 10.66% 4.19 13.49%
Retail (Automotive) 30 0.68 4.32% 1.05 5.71%
Retail (Building Supply) 16 1.83 8.40% 2.17 12.38%
Retail (Distributors) 62 1.40 7.55% 1.81 12.18%
Retail (General) 26 1.43 3.09% 1.57 4.08%
Retail (Grocery and Food) 14 0.28 1.18% 0.41 2.00%
Retail (REITs) 28 7.74 23.32% 12.15 35.01%
Retail (Special Lines) 105 0.76 1.45% 0.98 4.78%
Rubber& Tires 3 0.20 -2.53% 0.63 2.10%
Semiconductor 63 10.20 16.47% 10.60 19.72%
Semiconductor Equip 30 5.08 17.94% 5.24 24.34%
Shipbuilding & Marine 8 1.36 7.75% 1.70 11.94%
Shoe 13 2.79 9.49% 2.89 12.17%
Software (Entertainment) 84 6.01 20.35% 6.03 26.50%
Software (Internet) 35 7.63 -14.32% 8.38 -2.90%
Software (System & Application) 351 10.39 19.14% 10.72 25.34%
Steel 29 0.86 9.25% 0.94 12.14%
Telecom (Wireless) 13 2.18 8.79% 3.51 14.95%
Telecom. Equipment 66 3.40 13.98% 3.61 19.84%
Telecom. Services 42 1.07 -0.28% 2.36 20.98%
Tobacco 16 3.62 27.52% 4.80 40.97%
Transportation 36 1.31 5.96% 1.68 7.93%
Transportation (Railroads) 4 5.28 23.52% 6.63 34.95%
Trucking 22 1.55 5.37% 1.81 8.77%
Utility (General) 14 2.25 13.51% 4.13 21.64%
Utility (Water) 13 5.29 19.34% 7.90 30.68%
Total Market 6481 2.35 8.54% 3.23 11.36%
Total Market (without financials) 5214 2.30 7.59% 2.73 11.93%

 

Last Updated in January 2024
By Aswath Damodaran