Cost of Equity and Capital (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/wacc.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 | Beta | Cost of Equity | E/(D+E) | Std Dev in Stock | Cost of Debt | Tax Rate | After-tax Cost of Debt | D/(D+E) | Cost of Capital | Cost of Capital (Local Currency) |
| Advertising | 57 | 1.37 | 10.19% | 74.76% | 56.41% | 5.35% | 5.44% | 4.01% | 25.24% | 8.63% | 8.63% |
| Aerospace/Defense | 70 | 1.08 | 8.83% | 79.71% | 36.40% | 5.09% | 7.28% | 3.81% | 20.29% | 7.81% | 7.81% |
| Air Transport | 25 | 1.27 | 9.71% | 38.15% | 44.65% | 5.09% | 8.62% | 3.81% | 61.85% | 6.06% | 6.06% |
| Apparel | 38 | 1.19 | 9.38% | 67.22% | 37.04% | 5.09% | 10.19% | 3.81% | 32.78% | 7.55% | 7.55% |
| Auto & Truck | 34 | 1.52 | 10.88% | 76.32% | 59.70% | 5.35% | 3.12% | 4.01% | 23.68% | 9.26% | 9.26% |
| Auto Parts | 39 | 1.34 | 10.06% | 72.23% | 37.07% | 5.09% | 14.62% | 3.81% | 27.77% | 8.33% | 8.33% |
| Bank (Money Center) | 15 | 1.06 | 8.76% | 31.63% | 22.51% | 4.50% | 17.69% | 3.38% | 68.37% | 5.08% | 5.08% |
| Banks (Regional) | 625 | 0.46 | 6.00% | 49.52% | 18.68% | 4.50% | 17.69% | 3.38% | 50.48% | 4.68% | 4.68% |
| Beverage (Alcoholic) | 19 | 1.13 | 9.09% | 80.34% | 49.70% | 5.09% | 10.42% | 3.81% | 19.66% | 8.05% | 8.05% |
| Beverage (Soft) | 29 | 0.76 | 7.40% | 85.38% | 42.96% | 5.09% | 6.68% | 3.81% | 14.62% | 6.87% | 6.87% |
| Broadcasting | 22 | 1.06 | 8.76% | 36.18% | 38.46% | 5.09% | 7.85% | 3.81% | 63.82% | 5.60% | 5.60% |
| Brokerage & Investment Banking | 27 | 1.12 | 9.03% | 30.67% | 25.21% | 5.09% | 16.84% | 3.81% | 69.33% | 5.41% | 5.41% |
| Building Materials | 44 | 1.32 | 9.94% | 84.64% | 28.72% | 5.09% | 19.94% | 3.81% | 15.36% | 9.00% | 9.00% |
| Business & Consumer Services | 162 | 1.02 | 8.58% | 84.79% | 41.29% | 5.09% | 10.84% | 3.81% | 15.21% | 7.86% | 7.86% |
| Cable TV | 10 | 1.28 | 9.75% | 49.57% | 33.01% | 5.09% | 23.72% | 3.81% | 50.43% | 6.76% | 6.76% |
| Chemical (Basic) | 32 | 1.10 | 8.92% | 68.65% | 38.92% | 5.09% | 8.93% | 3.81% | 31.35% | 7.32% | 7.32% |
| Chemical (Diversified) | 4 | 1.13 | 9.09% | 58.99% | 37.24% | 5.09% | 14.89% | 3.81% | 41.01% | 6.93% | 6.93% |
| Chemical (Specialty) | 68 | 1.09 | 8.88% | 78.85% | 36.60% | 5.09% | 10.40% | 3.81% | 21.15% | 7.81% | 7.81% |
| Coal & Related Energy | 18 | 1.27 | 9.73% | 81.60% | 55.69% | 5.35% | 2.62% | 4.01% | 18.40% | 8.67% | 8.67% |
| Computer Services | 72 | 1.00 | 8.47% | 77.43% | 49.61% | 5.09% | 7.78% | 3.81% | 22.57% | 7.42% | 7.42% |
| Computers/Peripherals | 36 | 1.13 | 9.09% | 94.26% | 38.90% | 5.09% | 8.67% | 3.81% | 5.74% | 8.79% | 8.79% |
| Construction Supplies | 45 | 1.13 | 9.07% | 80.19% | 37.83% | 5.09% | 14.91% | 3.81% | 19.81% | 8.03% | 8.03% |
| Diversified | 23 | 1.19 | 9.38% | 83.93% | 52.25% | 5.35% | 5.25% | 4.01% | 16.07% | 8.51% | 8.51% |
| Drugs (Biotechnology) | 572 | 1.12 | 9.05% | 85.92% | 61.98% | 5.35% | 0.81% | 4.01% | 14.08% | 8.34% | 8.34% |
| Drugs (Pharmaceutical) | 245 | 1.03 | 8.60% | 86.17% | 65.30% | 6.09% | 2.89% | 4.57% | 13.83% | 8.05% | 8.05% |
| Education | 31 | 1.23 | 9.52% | 83.62% | 43.78% | 5.09% | 11.15% | 3.81% | 16.38% | 8.58% | 8.58% |
| Electrical Equipment | 103 | 1.24 | 9.59% | 82.38% | 54.42% | 5.35% | 5.66% | 4.01% | 17.62% | 8.61% | 8.61% |
| Electronics (Consumer & Office) | 13 | 1.30 | 9.84% | 84.51% | 39.42% | 5.09% | 7.31% | 3.81% | 15.49% | 8.90% | 8.90% |
| Electronics (General) | 129 | 0.93 | 8.18% | 85.33% | 42.94% | 5.09% | 8.17% | 3.81% | 14.67% | 7.54% | 7.54% |
| Engineering/Construction | 43 | 0.96 | 8.30% | 79.24% | 33.68% | 5.09% | 14.27% | 3.81% | 20.76% | 7.37% | 7.37% |
| Entertainment | 98 | 0.99 | 8.45% | 77.67% | 61.19% | 5.35% | 3.25% | 4.01% | 22.33% | 7.46% | 7.46% |
| Environmental & Waste Services | 57 | 0.91 | 8.05% | 82.00% | 46.07% | 5.09% | 5.42% | 3.81% | 18.00% | 7.29% | 7.29% |
| Farming/Agriculture | 42 | 0.99 | 8.44% | 68.82% | 54.14% | 5.35% | 6.68% | 4.01% | 31.18% | 7.06% | 7.06% |
| Financial Svcs. (Non-bank & Insurance) | 172 | 1.14 | 9.14% | 22.02% | 38.66% | 5.09% | 11.07% | 3.81% | 77.98% | 4.99% | 4.99% |
| Food Processing | 82 | 0.61 | 6.67% | 74.79% | 36.51% | 5.09% | 8.29% | 3.81% | 25.21% | 5.95% | 5.95% |
| Food Wholesalers | 14 | 0.97 | 8.32% | 69.14% | 27.30% | 5.09% | 15.90% | 3.81% | 30.86% | 6.93% | 6.93% |
| Furn/Home Furnishings | 31 | 1.11 | 8.97% | 67.77% | 46.65% | 5.09% | 13.94% | 3.81% | 32.23% | 7.31% | 7.31% |
| Green & Renewable Energy | 17 | 1.11 | 8.97% | 41.42% | 57.34% | 5.35% | 4.39% | 4.01% | 58.58% | 6.07% | 6.07% |
| Healthcare Products | 230 | 1.06 | 8.77% | 88.76% | 52.21% | 5.35% | 4.81% | 4.01% | 11.24% | 8.23% | 8.23% |
| Healthcare Support Services | 119 | 1.03 | 8.63% | 78.82% | 49.53% | 5.09% | 8.08% | 3.81% | 21.18% | 7.61% | 7.61% |
| Heathcare Information and Technology | 128 | 1.27 | 9.74% | 86.15% | 54.15% | 5.35% | 3.11% | 4.01% | 13.85% | 8.95% | 8.95% |
| Homebuilding | 32 | 1.37 | 10.18% | 85.90% | 32.31% | 5.09% | 17.22% | 3.81% | 14.10% | 9.28% | 9.28% |
| Hospitals/Healthcare Facilities | 32 | 0.88 | 7.93% | 55.63% | 46.33% | 5.09% | 6.86% | 3.81% | 44.37% | 6.10% | 6.10% |
| Hotel/Gaming | 68 | 1.34 | 10.06% | 67.26% | 40.80% | 5.09% | 8.63% | 3.81% | 32.74% | 8.02% | 8.02% |
| Household Products | 93 | 0.84 | 7.76% | 85.80% | 51.12% | 5.35% | 8.21% | 4.01% | 14.20% | 7.23% | 7.23% |
| Information Services | 18 | 0.93 | 8.16% | 73.71% | 33.83% | 5.09% | 15.79% | 3.81% | 26.29% | 7.02% | 7.02% |
| Insurance (General) | 21 | 1.03 | 8.63% | 79.41% | 40.38% | 5.09% | 13.69% | 3.81% | 20.59% | 7.64% | 7.64% |
| Insurance (Life) | 23 | 0.77 | 7.40% | 52.02% | 30.85% | 5.09% | 10.18% | 3.81% | 47.98% | 5.68% | 5.68% |
| Insurance (Prop/Cas.) | 50 | 0.74 | 7.28% | 83.76% | 27.40% | 5.09% | 12.42% | 3.81% | 16.24% | 6.72% | 6.72% |
| Investments & Asset Management | 334 | 0.46 | 5.98% | 71.26% | 15.15% | 4.50% | 11.33% | 3.38% | 28.74% | 5.23% | 5.23% |
| Machinery | 103 | 1.03 | 8.60% | 85.57% | 33.44% | 5.09% | 11.73% | 3.81% | 14.43% | 7.91% | 7.91% |
| Metals & Mining | 68 | 0.96 | 8.31% | 86.34% | 60.56% | 5.35% | 2.00% | 4.01% | 13.66% | 7.72% | 7.72% |
| Office Equipment & Services | 17 | 1.14 | 9.12% | 65.54% | 30.28% | 5.09% | 17.12% | 3.81% | 34.46% | 7.29% | 7.29% |
| Oil/Gas (Integrated) | 4 | 0.67 | 6.96% | 88.89% | 26.44% | 5.09% | 21.18% | 3.81% | 11.11% | 6.61% | 6.61% |
| Oil/Gas (Production and Exploration) | 166 | 0.93 | 8.16% | 81.12% | 46.31% | 5.09% | 5.61% | 3.81% | 18.88% | 7.34% | 7.34% |
| Oil/Gas Distribution | 24 | 0.79 | 7.52% | 58.75% | 32.55% | 5.09% | 9.25% | 3.81% | 41.25% | 5.99% | 5.99% |
| Oilfield Svcs/Equip. | 100 | 0.98 | 8.39% | 75.68% | 43.73% | 5.09% | 10.88% | 3.81% | 24.32% | 7.27% | 7.27% |
| Packaging & Container | 22 | 1.13 | 9.09% | 62.01% | 26.24% | 5.09% | 18.12% | 3.81% | 37.99% | 7.09% | 7.09% |
| Paper/Forest Products | 7 | 1.94 | 12.80% | 72.80% | 43.04% | 5.09% | 12.91% | 3.81% | 27.20% | 10.35% | 10.35% |
| Power | 50 | 0.65 | 6.87% | 51.83% | 20.39% | 4.50% | 13.69% | 3.38% | 48.17% | 5.19% | 5.19% |
| Precious Metals | 61 | 0.87 | 7.88% | 86.80% | 63.61% | 5.35% | 1.98% | 4.01% | 13.20% | 7.37% | 7.37% |
| Publishing & Newspapers | 21 | 0.96 | 8.30% | 75.49% | 38.20% | 5.09% | 10.01% | 3.81% | 24.51% | 7.20% | 7.20% |
| R.E.I.T. | 193 | 1.03 | 8.63% | 55.85% | 23.72% | 4.50% | 1.95% | 3.38% | 44.15% | 6.31% | 6.31% |
| Real Estate (Development) | 17 | 0.67 | 6.96% | 51.52% | 34.24% | 5.09% | 1.45% | 3.81% | 48.48% | 5.43% | 5.43% |
| Real Estate (General/Diversified) | 11 | 0.56 | 6.47% | 75.83% | 35.91% | 5.09% | 13.21% | 3.81% | 24.17% | 5.83% | 5.83% |
| Real Estate (Operations & Services) | 60 | 1.08 | 8.85% | 69.17% | 44.19% | 5.09% | 4.29% | 3.81% | 30.83% | 7.30% | 7.30% |
| Recreation | 55 | 1.17 | 9.27% | 63.06% | 44.30% | 5.09% | 8.26% | 3.81% | 36.94% | 7.25% | 7.25% |
| Reinsurance | 1 | 0.66 | 6.89% | 70.16% | 17.09% | 4.50% | 22.95% | 3.38% | 29.84% | 5.84% | 5.84% |
| Restaurant/Dining | 64 | 1.19 | 9.38% | 79.54% | 35.37% | 5.09% | 11.41% | 3.81% | 20.46% | 8.24% | 8.24% |
| Retail (Automotive) | 30 | 1.49 | 10.75% | 63.49% | 46.79% | 5.09% | 13.50% | 3.81% | 36.51% | 8.22% | 8.22% |
| Retail (Building Supply) | 16 | 1.94 | 12.80% | 83.39% | 45.21% | 5.09% | 12.59% | 3.81% | 16.61% | 11.30% | 11.30% |
| Retail (Distributors) | 62 | 1.11 | 8.97% | 75.59% | 37.74% | 5.09% | 15.76% | 3.81% | 24.41% | 7.71% | 7.71% |
| Retail (General) | 26 | 1.25 | 9.61% | 88.16% | 38.28% | 5.09% | 14.58% | 3.81% | 11.84% | 8.93% | 8.93% |
| Retail (Grocery and Food) | 14 | 0.49 | 6.15% | 64.17% | 25.65% | 5.09% | 16.88% | 3.81% | 35.83% | 5.31% | 5.31% |
| Retail (REITs) | 28 | 1.12 | 9.04% | 62.96% | 20.72% | 4.50% | 2.53% | 3.38% | 37.04% | 6.94% | 6.94% |
| Retail (Special Lines) | 105 | 1.18 | 9.31% | 73.45% | 44.01% | 5.09% | 9.53% | 3.81% | 26.55% | 7.85% | 7.85% |
| Rubber& Tires | 3 | 0.67 | 6.98% | 29.83% | 40.77% | 5.09% | 0.00% | 3.81% | 70.17% | 4.76% | 4.76% |
| Semiconductor | 63 | 1.50 | 10.76% | 94.30% | 41.47% | 5.09% | 4.89% | 3.81% | 5.70% | 10.36% | 10.36% |
| Semiconductor Equip | 30 | 1.53 | 10.91% | 92.78% | 37.04% | 5.09% | 12.14% | 3.81% | 7.22% | 10.40% | 10.40% |
| Shipbuilding & Marine | 8 | 0.81 | 7.61% | 77.06% | 45.07% | 5.09% | 6.74% | 3.81% | 22.94% | 6.74% | 6.74% |
| Shoe | 13 | 1.29 | 9.82% | 91.99% | 36.28% | 5.09% | 11.31% | 3.81% | 8.01% | 9.34% | 9.34% |
| Software (Entertainment) | 84 | 1.11 | 8.98% | 96.94% | 52.79% | 5.35% | 5.11% | 4.01% | 3.06% | 8.83% | 8.83% |
| Software (Internet) | 35 | 1.62 | 11.31% | 89.30% | 65.22% | 6.09% | 2.61% | 4.57% | 10.70% | 10.59% | 10.59% |
| Software (System & Application) | 351 | 1.29 | 9.83% | 94.16% | 52.09% | 5.35% | 4.19% | 4.01% | 5.84% | 9.49% | 9.49% |
| Steel | 29 | 1.13 | 9.06% | 83.21% | 38.10% | 5.09% | 15.72% | 3.81% | 16.79% | 8.18% | 8.18% |
| Telecom (Wireless) | 13 | 1.09 | 8.88% | 60.92% | 60.31% | 5.35% | 9.56% | 4.01% | 39.08% | 6.98% | 6.98% |
| Telecom. Equipment | 66 | 1.08 | 8.85% | 89.75% | 46.62% | 5.09% | 6.20% | 3.81% | 10.25% | 8.33% | 8.33% |
| Telecom. Services | 42 | 0.78 | 7.49% | 44.46% | 50.42% | 5.35% | 6.62% | 4.01% | 55.54% | 5.56% | 5.56% |
| Tobacco | 16 | 1.22 | 9.51% | 74.13% | 48.00% | 5.09% | 9.95% | 3.81% | 25.87% | 8.03% | 8.03% |
| Transportation | 36 | 1.26 | 9.67% | 74.86% | 53.12% | 5.35% | 6.53% | 4.01% | 25.14% | 8.25% | 8.25% |
| Transportation (Railroads) | 4 | 1.02 | 8.56% | 78.86% | 22.28% | 4.50% | 17.28% | 3.38% | 21.14% | 7.46% | 7.46% |
| Trucking | 22 | 1.15 | 9.16% | 83.37% | 28.33% | 5.09% | 20.21% | 3.81% | 16.63% | 8.27% | 8.27% |
| Utility (General) | 14 | 0.58 | 6.55% | 54.10% | 14.93% | 4.50% | 14.05% | 3.38% | 45.90% | 5.09% | 5.09% |
| Utility (Water) | 13 | 0.71 | 7.16% | 66.27% | 28.20% | 5.09% | 11.09% | 3.81% | 33.73% | 6.03% | 6.03% |
| Total Market | 6481 | 1.00 | 8.48% | 68.30% | 42.03% | 5.09% | 8.35% | 3.81% | 31.70% | 7.00% | 7.00% |
| Total Market (without financials) | 5214 | 1.10 | 8.93% | 81.57% | 47.00% | 5.09% | 6.80% | 3.81% | 18.43% | 7.99% | 7.99% |
Last Updated in January 2024
By Aswath Damodaran