Return on Equity by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2022

Download as an excel file instead: https://www.stern.nyu.edu/~adamodar/pc/datasets/roe.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 (unadjusted) ROE (adjusted for R&D)
Advertising 49 20.18% 18.40%
Aerospace/Defense 73 9.09% 6.97%
Air Transport 21 -27.28% -25.97%
Apparel 39 20.78% 20.54%
Auto & Truck 26 13.68% 10.12%
Auto Parts 38 6.72% 6.01%
Bank (Money Center) 7 14.97% 14.97%
Banks (Regional) 563 12.53% 12.53%
Beverage (Alcoholic) 21 4.39% 4.39%
Beverage (Soft) 32 32.80% 31.60%
Broadcasting 28 19.35% 19.34%
Brokerage & Investment Banking 31 21.61% 21.81%
Building Materials 44 31.26% 28.43%
Business & Consumer Services 160 13.67% 13.57%
Cable TV 11 16.38% 16.29%
Chemical (Basic) 35 47.24% 42.71%
Chemical (Diversified) 4 28.12% 24.48%
Chemical (Specialty) 81 16.00% 14.72%
Coal & Related Energy 18 -14.40% -13.85%
Computer Services 83 14.61% 11.18%
Computers/Peripherals 46 0.61% 57.75%
Construction Supplies 48 17.17% 15.23%
Diversified 22 19.92% 18.88%
Drugs (Biotechnology) 581 -0.76% 1.53%
Drugs (Pharmaceutical) 298 14.55% 11.04%
Education 35 8.61% 8.67%
Electrical Equipment 104 16.80% 14.65%
Electronics (Consumer & Office) 16 43.57% 21.30%
Electronics (General) 137 14.72% 11.51%
Engineering/Construction 48 6.48% 6.48%
Entertainment 108 4.28% 4.37%
Environmental & Waste Services 58 13.95% 13.93%
Farming/Agriculture 36 26.60% 23.22%
Financial Svcs. (Non-bank & Insurance) 223 0.28% 0.28%
Food Processing 92 13.44% 13.09%
Food Wholesalers 15 11.18% 11.18%
Furn/Home Furnishings 32 25.40% 22.51%
Green & Renewable Energy 20 -24.12% -24.05%
Healthcare Products 244 14.18% 12.06%
Healthcare Support Services 131 14.68% 14.64%
Heathcare Information and Technology 142 19.74% 17.40%
Homebuilding 29 27.38% 27.38%
Hospitals/Healthcare Facilities 31 95.71% 95.60%
Hotel/Gaming 66 -40.21% -32.40%
Household Products 118 35.95% 31.29%
Information Services 79 17.51% 16.40%
Insurance (General) 23 13.50% 13.47%
Insurance (Life) 24 7.86% 7.86%
Insurance (Prop/Cas.) 52 15.64% 15.64%
Investments & Asset Management 687 23.77% 23.56%
Machinery 111 21.13% 19.08%
Metals & Mining 74 28.96% 28.58%
Office Equipment & Services 18 8.50% 7.34%
Oil/Gas (Integrated) 4 1.15% 1.10%
Oil/Gas (Production and Exploration) 183 3.30% 3.29%
Oil/Gas Distribution 21 6.44% 6.44%
Oilfield Svcs/Equip. 100 5.62% 5.28%
Packaging & Container 26 21.02% 20.14%
Paper/Forest Products 11 43.67% 42.93%
Power 50 8.14% 8.14%
Precious Metals 76 7.99% 7.92%
Publishing & Newspapers 21 8.44% 8.24%
R.E.I.T. 238 7.81% 7.81%
Real Estate (Development) 19 -0.46% -0.46%
Real Estate (General/Diversified) 10 6.29% 6.29%
Real Estate (Operations & Services) 51 -10.81% -8.21%
Recreation 60 22.76% 18.40%
Reinsurance 2 5.83% 5.83%
Restaurant/Dining 70 NA NA
Retail (Automotive) 32 47.18% 47.16%
Retail (Building Supply) 16 0.97% 0.97%
Retail (Distributors) 68 19.55% 19.54%
Retail (General) 16 20.06% 20.05%
Retail (Grocery and Food) 15 14.88% 14.86%
Retail (Online) 60 44.11% 20.06%
Retail (Special Lines) 76 35.23% 34.43%
Rubber& Tires 2 9.59% 6.39%
Semiconductor 67 31.91% 20.99%
Semiconductor Equip 34 46.38% 30.90%
Shipbuilding & Marine 8 10.29% 10.29%
Shoe 12 47.91% 47.42%
Software (Entertainment) 88 31.40% 22.89%
Software (Internet) 36 -11.29% -4.12%
Software (System & Application) 375 30.47% 19.27%
Steel 28 40.05% 39.84%
Telecom (Wireless) 17 5.93% 5.99%
Telecom. Equipment 82 24.93% 15.73%
Telecom. Services 42 10.41% 10.25%
Tobacco 16 NA NA
Transportation 17 40.24% 40.18%
Transportation (Railroads) 4 28.35% 28.35%
Trucking 34 5.54% 4.19%
Utility (General) 16 8.44% 8.44%
Utility (Water) 14 10.42% 10.42%
Total Market 7229 18.12% 16.04%
Total Market (without financials) 5619 17.96% 15.34%

Last updated January 2022
By Aswath Damodaran