Betas
by Sector
Data Used: Value Line database, of 6177 firms
Date of Analysis: Data used is as of January 2013
can be obtained by clicking here
on
which companies are included in each industry
Betas
by SectorData Used: Value Line database, of 6177 firms
Date of Analysis: Data used is as of January 2013
can be obtained by clicking here
on
which companies are included in each industry
| Industry Name | Number of Firms | Average Beta | Market D/E Ratio | Tax Rate | Unlevered Beta | Cash/Firm Value | Unlevered Beta corrected for cash |
| Advertising | 32 | 1.68 | 40.84% | 16.02% | 1.25 | 13.12% | 1.44 |
| Aerospace/Defense | 66 | 0.98 | 26.64% | 20.08% | 0.81 | 11.74% | 0.92 |
| Air Transport | 36 | 1.03 | 59.08% | 21.35% | 0.70 | 14.13% | 0.82 |
| Apparel | 54 | 1.36 | 13.77% | 18.57% | 1.23 | 5.13% | 1.29 |
| Auto Parts | 54 | 1.76 | 24.37% | 18.77% | 1.47 | 11.65% | 1.66 |
| Automotive | 12 | 1.73 | 103.42% | 16.24% | 0.93 | 16.84% | 1.11 |
| Bank | 416 | 0.77 | 128.23% | 16.39% | 0.37 | 16.43% | 0.45 |
| Bank (Midwest) | 68 | 0.89 | 49.85% | 20.99% | 0.64 | 15.03% | 0.76 |
| Beverage | 35 | 0.95 | 22.29% | 18.82% | 0.80 | 4.33% | 0.84 |
| Biotechnology | 214 | 1.23 | 15.92% | 2.98% | 1.07 | 18.10% | 1.30 |
| Building Materials | 43 | 1.57 | 65.24% | 9.48% | 0.99 | 6.18% | 1.05 |
| Cable TV | 20 | 1.40 | 66.11% | 21.23% | 0.92 | 3.61% | 0.96 |
| Chemical (Basic) | 18 | 1.37 | 24.73% | 21.89% | 1.15 | 7.52% | 1.24 |
| Chemical (Diversified) | 33 | 1.55 | 16.69% | 19.75% | 1.37 | 6.96% | 1.47 |
| Chemical (Specialty) | 70 | 1.18 | 20.53% | 15.35% | 1.00 | 4.58% | 1.05 |
| Coal | 20 | 1.47 | 68.38% | 11.27% | 0.91 | 7.67% | 0.99 |
| Computer Software | 191 | 0.98 | 6.55% | 12.43% | 0.92 | 16.59% | 1.11 |
| Computers/Peripherals | 81 | 1.37 | 9.70% | 10.01% | 1.26 | 9.78% | 1.39 |
| Diversified Co. | 113 | 1.22 | 78.69% | 17.18% | 0.74 | 14.07% | 0.86 |
| Drug | 223 | 1.08 | 14.79% | 5.14% | 0.94 | 8.25% | 1.03 |
| E-Commerce | 64 | 1.05 | 6.74% | 10.52% | 0.99 | 9.21% | 1.09 |
| Educational Services | 33 | 0.91 | 24.73% | 21.72% | 0.76 | 30.24% | 1.09 |
| Electric Util. (Central) | 20 | 0.57 | 85.00% | 30.12% | 0.36 | 1.03% | 0.36 |
| Electric Utility (East) | 17 | 0.43 | 67.90% | 33.49% | 0.29 | 1.81% | 0.30 |
| Electric Utility (West) | 15 | 0.58 | 81.37% | 29.09% | 0.37 | 1.88% | 0.38 |
| Electrical Equipment | 64 | 1.43 | 12.28% | 16.15% | 1.29 | 10.95% | 1.45 |
| Electronics | 123 | 1.22 | 22.46% | 11.31% | 1.01 | 13.01% | 1.17 |
| Engineering & Const | 30 | 1.28 | 13.23% | 25.00% | 1.17 | 16.52% | 1.40 |
| Entertainment | 76 | 1.60 | 33.87% | 12.56% | 1.24 | 5.81% | 1.31 |
| Entertainment Tech | 42 | 1.11 | 11.54% | 11.01% | 1.01 | 24.21% | 1.33 |
| Environmental | 84 | 0.66 | 43.07% | 7.60% | 0.48 | 2.45% | 0.49 |
| Financial Svcs. (Div.) | 256 | 1.34 | 204.42% | 16.23% | 0.49 | 12.46% | 0.56 |
| Food Processing | 119 | 0.87 | 23.50% | 21.63% | 0.74 | 3.74% | 0.77 |
| Foreign Electronics | 10 | 1.10 | 45.71% | 23.12% | 0.81 | 27.40% | 1.12 |
| Funeral Services | 6 | 1.12 | 49.48% | 28.66% | 0.83 | 2.94% | 0.85 |
| Furn/Home Furnishings | 32 | 1.63 | 22.06% | 16.69% | 1.37 | 6.52% | 1.47 |
| Healthcare Information | 20 | 0.97 | 11.62% | 20.31% | 0.88 | 10.06% | 0.98 |
| Heavy Truck & Equip | 23 | 1.80 | 47.30% | 22.74% | 1.32 | 9.15% | 1.45 |
| Homebuilding | 22 | 1.55 | 49.57% | 7.12% | 1.06 | 15.14% | 1.25 |
| Hotel/Gaming | 57 | 1.65 | 44.75% | 17.52% | 1.21 | 6.43% | 1.29 |
| Household Products | 27 | 0.98 | 18.11% | 24.66% | 0.86 | 2.52% | 0.88 |
| Human Resources | 25 | 1.38 | 10.80% | 26.61% | 1.28 | 12.49% | 1.46 |
| Industrial Services | 136 | 0.97 | 36.56% | 20.19% | 0.75 | 9.21% | 0.83 |
| Information Services | 28 | 1.25 | 28.46% | 18.33% | 1.01 | 3.48% | 1.05 |
| Insurance (Life) | 32 | 1.44 | 55.85% | 21.09% | 1.00 | 28.90% | 1.41 |
| Insurance (Prop/Cas.) | 62 | 0.85 | 21.48% | 10.73% | 0.71 | 20.86% | 0.90 |
| Internet | 194 | 1.17 | 2.29% | 8.43% | 1.15 | 12.04% | 1.31 |
| Investment Companies | 31 | 1.27 | 7.55% | 2.26% | 1.18 | 2.64% | 1.21 |
| IT Services | 63 | 1.05 | 5.72% | 16.27% | 1.00 | 10.31% | 1.11 |
| Machinery | 94 | 1.26 | 17.39% | 22.73% | 1.11 | 6.04% | 1.18 |
| Maritime | 51 | 1.51 | 181.21% | 7.92% | 0.57 | 6.05% | 0.60 |
| Med Supp Invasive | 87 | 0.87 | 16.48% | 12.60% | 0.76 | 7.36% | 0.82 |
| Med Supp Non-Invasive | 143 | 1.07 | 12.89% | 10.61% | 0.96 | 13.33% | 1.10 |
| Medical Services | 118 | 0.84 | 50.23% | 17.72% | 0.59 | 10.82% | 0.66 |
| Metal Fabricating | 25 | 1.63 | 23.59% | 23.30% | 1.38 | 11.91% | 1.56 |
| Metals & Mining (Div.) | 77 | 1.62 | 15.42% | 11.24% | 1.42 | 7.45% | 1.54 |
| Natural Gas (Div.) | 31 | 1.28 | 41.08% | 22.02% | 0.97 | 4.36% | 1.01 |
| Natural Gas Utility | 27 | 0.46 | 66.15% | 28.80% | 0.31 | 2.41% | 0.32 |
| Newspaper | 14 | 1.86 | 39.29% | 18.35% | 1.41 | 5.91% | 1.50 |
| Office Equip/Supplies | 22 | 1.43 | 72.14% | 22.66% | 0.91 | 13.12% | 1.05 |
| Oil/Gas Distribution | 12 | 1.02 | 53.39% | 18.11% | 0.71 | 1.26% | 0.72 |
| Oilfield Svcs/Equip. | 81 | 1.66 | 27.72% | 18.20% | 1.35 | 6.40% | 1.45 |
| Packaging & Container | 27 | 1.20 | 56.17% | 23.09% | 0.84 | 5.10% | 0.88 |
| Paper/Forest Products | 32 | 1.37 | 43.01% | 11.43% | 0.99 | 7.35% | 1.07 |
| Petroleum (Integrated) | 26 | 1.17 | 20.47% | 30.34% | 1.02 | 7.03% | 1.10 |
| Petroleum (Producing) | 176 | 1.45 | 28.12% | 11.71% | 1.16 | 3.81% | 1.21 |
| Pharmacy Services | 18 | 1.17 | 18.88% | 23.18% | 1.02 | 5.11% | 1.07 |
| Pipeline MLPs | 53 | 0.74 | 44.37% | 4.30% | 0.52 | 0.74% | 0.52 |
| Power | 101 | 1.35 | 163.45% | 6.19% | 0.53 | 7.85% | 0.58 |
| Precious Metals | 83 | 1.03 | 13.65% | 11.13% | 0.92 | 7.93% | 1.00 |
| Precision Instrument | 82 | 1.27 | 21.21% | 14.13% | 1.07 | 11.37% | 1.21 |
| Property Management | 31 | 1.30 | 112.58% | 16.50% | 0.67 | 8.37% | 0.73 |
| Public/Private Equity | 12 | 2.02 | 28.73% | 19.17% | 1.64 | 15.39% | 1.94 |
| Publishing | 29 | 1.17 | 36.14% | 22.69% | 0.92 | 4.97% | 0.96 |
| R.E.I.T. | 127 | 1.43 | 37.01% | 0.04% | 1.04 | 6.78% | 1.12 |
| Railroad | 12 | 1.32 | 23.46% | 28.60% | 1.13 | 1.69% | 1.15 |
| Recreation | 51 | 1.45 | 37.75% | 20.31% | 1.11 | 5.79% | 1.18 |
| Reinsurance | 11 | 0.82 | 18.90% | 3.58% | 0.69 | 24.61% | 0.91 |
| Restaurant | 65 | 1.16 | 13.15% | 19.23% | 1.05 | 3.42% | 1.08 |
| Retail (Hardlines) | 79 | 1.79 | 26.01% | 22.55% | 1.49 | 9.96% | 1.65 |
| Retail (Softlines) | 42 | 1.43 | 5.59% | 25.57% | 1.37 | 8.96% | 1.51 |
| Retail Automotive | 19 | 1.39 | 44.33% | 32.69% | 1.07 | 2.50% | 1.10 |
| Retail Building Supply | 10 | 1.11 | 11.72% | 25.56% | 1.02 | 1.97% | 1.04 |
| Retail Store | 38 | 1.29 | 25.58% | 24.83% | 1.08 | 4.67% | 1.14 |
| Retail/Wholesale Food | 30 | 0.68 | 34.84% | 31.18% | 0.55 | 5.46% | 0.58 |
| Securities Brokerage | 27 | 1.07 | 264.59% | 30.41% | 0.38 | 43.53% | 0.66 |
| Semiconductor | 142 | 1.49 | 10.06% | 11.71% | 1.37 | 14.48% | 1.60 |
| Semiconductor Equip | 10 | 1.79 | 16.98% | 15.21% | 1.57 | 21.91% | 2.01 |
| Shoe | 17 | 1.26 | 1.94% | 19.89% | 1.24 | 8.93% | 1.37 |
| Steel | 33 | 1.65 | 56.21% | 24.24% | 1.16 | 8.82% | 1.27 |
| Telecom. Equipment | 105 | 1.07 | 13.31% | 14.01% | 0.96 | 30.13% | 1.37 |
| Telecom. Services | 76 | 1.15 | 31.82% | 16.22% | 0.91 | 8.92% | 1.00 |
| Telecom. Utility | 23 | 0.92 | 108.25% | 26.94% | 0.51 | 3.31% | 0.53 |
| Thrift | 170 | 0.68 | 19.50% | 15.84% | 0.58 | 25.18% | 0.78 |
| Tobacco | 11 | 0.86 | 18.87% | 32.82% | 0.76 | 3.21% | 0.79 |
| Toiletries/Cosmetics | 14 | 1.17 | 20.63% | 27.33% | 1.01 | 6.80% | 1.09 |
| Trucking | 34 | 1.09 | 42.33% | 25.94% | 0.83 | 5.15% | 0.87 |
| Water Utility | 11 | 0.49 | 73.18% | 31.45% | 0.33 | 0.54% | 0.33 |
| Wireless Networking | 58 | 1.35 | 25.67% | 10.06% | 1.10 | 6.00% | 1.17 |
| Total Market | 6177 | 1.17 | 42.92% | 14.93% | 0.86 | 10.66% | 0.96 |