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/totalbeta.xls
For global datasets: https://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html
Industry Name | Number of firms | Average Unlevered Beta | Average Levered Beta | Average correlation with the market | Total Unlevered Beta | Total Levered Beta |
Advertising | 57 | 1.18 | 1.37 | 27.67% | 4.27 | 4.96 |
Aerospace/Defense | 70 | 0.93 | 1.08 | 33.25% | 2.80 | 3.24 |
Air Transport | 25 | 0.64 | 1.27 | 35.83% | 1.79 | 3.54 |
Apparel | 38 | 0.93 | 1.19 | 36.48% | 2.55 | 3.28 |
Auto & Truck | 34 | 1.30 | 1.52 | 32.52% | 4.01 | 4.68 |
Auto Parts | 39 | 1.12 | 1.34 | 36.31% | 3.09 | 3.70 |
Bank (Money Center) | 15 | 0.64 | 1.06 | 47.27% | 1.36 | 2.25 |
Banks (Regional) | 625 | 0.33 | 0.46 | 25.26% | 1.32 | 1.83 |
Beverage (Alcoholic) | 19 | 0.97 | 1.13 | 25.49% | 3.81 | 4.44 |
Beverage (Soft) | 29 | 0.70 | 0.76 | 27.25% | 2.58 | 2.80 |
Broadcasting | 22 | 0.50 | 1.06 | 31.03% | 1.61 | 3.42 |
Brokerage & Investment Banking | 27 | 0.55 | 1.12 | 51.03% | 1.08 | 2.20 |
Building Materials | 44 | 1.21 | 1.32 | 46.99% | 2.57 | 2.80 |
Business & Consumer Services | 162 | 0.93 | 1.02 | 34.03% | 2.73 | 3.00 |
Cable TV | 10 | 0.74 | 1.28 | 48.98% | 1.50 | 2.61 |
Chemical (Basic) | 32 | 0.87 | 1.10 | 28.83% | 3.03 | 3.80 |
Chemical (Diversified) | 4 | 0.81 | 1.13 | 35.20% | 2.31 | 3.22 |
Chemical (Specialty) | 68 | 0.94 | 1.09 | 38.79% | 2.42 | 2.80 |
Coal & Related Energy | 18 | 1.24 | 1.27 | 25.53% | 4.87 | 4.98 |
Computer Services | 72 | 0.86 | 1.00 | 26.84% | 3.20 | 3.72 |
Computers/Peripherals | 36 | 1.10 | 1.13 | 35.13% | 3.13 | 3.22 |
Construction Supplies | 45 | 0.99 | 1.13 | 41.14% | 2.41 | 2.74 |
Diversified | 23 | 1.09 | 1.19 | 34.39% | 3.18 | 3.47 |
Drugs (Biotechnology) | 572 | 1.09 | 1.12 | 23.82% | 4.57 | 4.72 |
Drugs (Pharmaceutical) | 245 | 0.94 | 1.03 | 20.19% | 4.68 | 5.09 |
Education | 31 | 1.15 | 1.23 | 28.46% | 4.03 | 4.31 |
Electrical Equipment | 103 | 1.15 | 1.24 | 29.19% | 3.93 | 4.25 |
Electronics (Consumer & Office) | 13 | 1.30 | 1.30 | 34.81% | 3.74 | 3.72 |
Electronics (General) | 129 | 0.88 | 0.93 | 30.40% | 2.89 | 3.07 |
Engineering/Construction | 43 | 0.84 | 0.96 | 36.33% | 2.33 | 2.64 |
Entertainment | 98 | 0.87 | 0.99 | 23.38% | 3.70 | 4.25 |
Environmental & Waste Services | 57 | 0.79 | 0.91 | 23.34% | 3.37 | 3.89 |
Farming/Agriculture | 42 | 0.77 | 0.99 | 24.59% | 3.13 | 4.03 |
Financial Svcs. (Non-bank & Insurance) | 172 | 0.32 | 1.14 | 38.82% | 0.83 | 2.95 |
Food Processing | 82 | 0.50 | 0.61 | 21.12% | 2.35 | 2.87 |
Food Wholesalers | 14 | 0.74 | 0.97 | 39.58% | 1.86 | 2.44 |
Furn/Home Furnishings | 31 | 0.86 | 1.11 | 33.52% | 2.57 | 3.30 |
Green & Renewable Energy | 17 | 0.56 | 1.11 | 26.11% | 2.13 | 4.24 |
Healthcare Products | 230 | 1.01 | 1.06 | 29.08% | 3.46 | 3.65 |
Healthcare Support Services | 119 | 0.94 | 1.03 | 26.38% | 3.56 | 3.91 |
Heathcare Information and Technology | 128 | 1.19 | 1.27 | 34.34% | 3.46 | 3.71 |
Homebuilding | 32 | 1.35 | 1.37 | 47.96% | 2.82 | 2.86 |
Hospitals/Healthcare Facilities | 32 | 0.56 | 0.88 | 28.64% | 1.96 | 3.07 |
Hotel/Gaming | 68 | 1.05 | 1.34 | 40.51% | 2.59 | 3.32 |
Household Products | 93 | 0.77 | 0.84 | 22.06% | 3.50 | 3.82 |
Information Services | 18 | 0.77 | 0.93 | 42.27% | 1.83 | 2.20 |
Insurance (General) | 21 | 0.89 | 1.03 | 36.65% | 2.44 | 2.82 |
Insurance (Life) | 23 | 0.54 | 0.77 | 37.82% | 1.43 | 2.02 |
Insurance (Prop/Cas.) | 50 | 0.68 | 0.74 | 34.71% | 1.95 | 2.13 |
Investments & Asset Management | 334 | 0.39 | 0.46 | 19.73% | 1.98 | 2.32 |
Machinery | 103 | 0.94 | 1.03 | 41.66% | 2.25 | 2.46 |
Metals & Mining | 68 | 0.91 | 0.96 | 17.04% | 5.35 | 5.65 |
Office Equipment & Services | 17 | 0.88 | 1.14 | 36.47% | 2.40 | 3.12 |
Oil/Gas (Integrated) | 4 | 0.64 | 0.67 | 24.75% | 2.60 | 2.71 |
Oil/Gas (Production and Exploration) | 166 | 0.82 | 0.93 | 19.52% | 4.21 | 4.76 |
Oil/Gas Distribution | 24 | 0.53 | 0.79 | 34.15% | 1.55 | 2.32 |
Oilfield Svcs/Equip. | 100 | 0.85 | 0.98 | 22.25% | 3.83 | 4.40 |
Packaging & Container | 22 | 0.81 | 1.13 | 50.79% | 1.59 | 2.23 |
Paper/Forest Products | 7 | 1.59 | 1.94 | 32.55% | 4.89 | 5.95 |
Power | 50 | 0.39 | 0.65 | 38.01% | 1.02 | 1.71 |
Precious Metals | 61 | 0.83 | 0.87 | 16.74% | 4.96 | 5.19 |
Publishing & Newspapers | 21 | 0.82 | 0.96 | 31.88% | 2.58 | 3.01 |
R.E.I.T. | 193 | 0.66 | 1.03 | 51.41% | 1.28 | 2.01 |
Real Estate (Development) | 17 | 0.43 | 0.67 | 19.82% | 2.18 | 3.37 |
Real Estate (General/Diversified) | 11 | 0.51 | 0.56 | 31.78% | 1.61 | 1.77 |
Real Estate (Operations & Services) | 60 | 0.88 | 1.08 | 28.87% | 3.06 | 3.74 |
Recreation | 55 | 0.85 | 1.17 | 37.16% | 2.28 | 3.15 |
Reinsurance | 1 | 0.61 | 0.66 | 37.42% | 1.63 | 1.75 |
Restaurant/Dining | 64 | 1.02 | 1.19 | 37.93% | 2.70 | 3.15 |
Retail (Automotive) | 30 | 1.06 | 1.49 | 38.28% | 2.77 | 3.90 |
Retail (Building Supply) | 16 | 1.70 | 1.94 | 54.00% | 3.16 | 3.59 |
Retail (Distributors) | 62 | 0.91 | 1.11 | 39.10% | 2.33 | 2.83 |
Retail (General) | 26 | 1.17 | 1.25 | 44.49% | 2.63 | 2.80 |
Retail (Grocery and Food) | 14 | 0.36 | 0.49 | 26.99% | 1.35 | 1.83 |
Retail (REITs) | 28 | 0.79 | 1.12 | 59.85% | 1.31 | 1.87 |
Retail (Special Lines) | 105 | 0.97 | 1.18 | 33.07% | 2.94 | 3.57 |
Rubber& Tires | 3 | 0.26 | 0.67 | 23.36% | 1.13 | 2.89 |
Semiconductor | 63 | 1.46 | 1.50 | 46.84% | 3.12 | 3.19 |
Semiconductor Equip | 30 | 1.51 | 1.53 | 51.45% | 2.93 | 2.97 |
Shipbuilding & Marine | 8 | 0.69 | 0.81 | 24.69% | 2.78 | 3.28 |
Shoe | 13 | 1.27 | 1.29 | 41.98% | 3.03 | 3.08 |
Software (Entertainment) | 84 | 1.11 | 1.11 | 26.93% | 4.14 | 4.12 |
Software (Internet) | 35 | 1.51 | 1.62 | 35.55% | 4.25 | 4.55 |
Software (System & Application) | 351 | 1.27 | 1.29 | 33.74% | 3.77 | 3.84 |
Steel | 29 | 1.08 | 1.13 | 35.14% | 3.07 | 3.21 |
Telecom (Wireless) | 13 | 0.75 | 1.09 | 20.10% | 3.72 | 5.41 |
Telecom. Equipment | 66 | 1.05 | 1.08 | 28.23% | 3.70 | 3.83 |
Telecom. Services | 42 | 0.41 | 0.78 | 23.86% | 1.74 | 3.29 |
Tobacco | 16 | 0.99 | 1.22 | 24.61% | 4.01 | 4.97 |
Transportation | 36 | 1.05 | 1.26 | 27.99% | 3.74 | 4.50 |
Transportation (Railroads) | 4 | 0.86 | 1.02 | 54.63% | 1.57 | 1.86 |
Trucking | 22 | 1.03 | 1.15 | 45.11% | 2.28 | 2.55 |
Utility (General) | 14 | 0.36 | 0.58 | 46.42% | 0.77 | 1.25 |
Utility (Water) | 13 | 0.52 | 0.71 | 38.14% | 1.37 | 1.87 |
Total Market | 6481 | 0.79 | 1.00 | 30.58% | 2.59 | 3.27 |
Total Market (without financials) | 5214 | 0.97 | 1.10 | 31.39% | 3.10 | 3.50 |