Economic Value Added by Sector

Data Used: S&P Capital IQ, Bloomberg and the Fed

Date of Analysis: Data used is as of January 2014

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/EVA.xls

can be obtained by clicking here

on which companies are included in each industry


Industry Name Number of Firms Beta ROE Cost of Equity (ROE - COE) BV of Equity Equity EVA ROC Cost of Capital (ROC - WACC) BV of Capital EVA E/(D+E) Std Dev in Stock Cost of Debt Tax Rate After-tax Cost of Debt D/(D+E)
Advertising 65 1.03 16.51% 8.19% 8.33% $6,968.54 $580.19 51.55% 7.64% 43.90% $7,836.08 $3,440.28 65.55% 113.36% 7.04% 6.04% 6.62% 34.45%
Aerospace/Defense 95 1.01 21.60% 8.08% 13.52% $125,205.45 $16,928.42 57.83% 7.54% 50.29% $68,207.87 $34,304.28 84.04% 88.97% 5.54% 15.03% 4.71% 15.96%
Air Transport 25 0.94 42.68% 7.73% 34.95% $9,301.53 $3,251.08 13.27% 6.41% 6.86% $65,834.25 $4,517.29 47.74% 92.87% 6.04% 13.79% 5.21% 52.26%
Apparel 70 1.15 17.87% 8.77% 9.10% $23,543.70 $2,142.66 22.17% 8.18% 13.99% $35,090.83 $4,908.99 82.42% 94.86% 6.04% 10.29% 5.42% 17.58%
Auto & Truck 26 1.28 22.05% 9.42% 12.63% $54,164.75 $6,839.78 7.72% 8.08% -0.36% $134,589.63 $(483.73) 50.62% 103.75% 7.04% 4.71% 6.71% 49.38%
Auto Parts 75 1.46 17.54% 10.35% 7.19% $35,993.71 $2,588.14 25.08% 9.38% 15.69% $44,547.45 $6,991.43 75.76% 102.64% 7.04% 9.43% 6.38% 24.24%
Bank 7 0.72 15.03% 6.62% 8.41% $184,521.30 $15,509.78 0.00% 5.03% -5.03% $355,665.43 $(17,896.25) 54.29% 41.40% 4.04% 22.17% 3.14% 45.71%
Banks (Regional) 721 0.58 9.52% 5.96% 3.56% $292,207.82 $10,406.10 0.00% 5.19% -5.19% $455,406.35 $(23,647.95) 58.14% 70.20% 5.04% 18.00% 4.13% 41.86%
Beverage  47 1.42 27.62% 10.16% 17.46% $61,224.87 $10,691.96 27.28% 9.54% 17.74% $83,174.33 $14,751.72 81.86% 109.89% 7.04% 3.95% 6.76% 18.14%
Beverage (Alcoholic) 19 1.14 18.28% 8.74% 9.54% $18,098.44 $1,727.44 12.86% 8.01% 4.85% $20,886.31 $1,013.05 78.40% 97.07% 6.04% 10.72% 5.39% 21.60%
Biotechnology 349 1.12 6.77% 8.62% -1.84% $55,903.89 $(1,030.55) 12.92% 8.48% 4.44% $70,142.12 $3,113.43 91.61% 133.64% 7.04% 1.13% 6.96% 8.39%
Broadcasting 30 1.53 74.10% 10.70% 63.40% $15,984.74 $10,134.68 26.24% 9.20% 17.04% $35,365.93 $6,026.90 67.35% 110.90% 7.04% 13.21% 6.11% 32.65%
Brokerage & Investment Banking 49 1.11 9.25% 8.58% 0.67% $158,230.40 $1,058.19 0.29% 5.55% -5.26% $794,999.57 $(41,845.06) 19.98% 87.95% 5.54% 13.44% 4.80% 80.02%
Building Materials 37 1.27 6.78% 9.40% -2.62% $13,368.24 $(350.16) 14.44% 8.30% 6.14% $19,244.20 $1,181.56 76.89% 85.47% 5.54% 16.33% 4.64% 23.11%
Business & Consumer Services 179 0.90 12.48% 7.53% 4.95% $38,213.91 $1,892.95 23.39% 6.91% 16.48% $40,981.82 $6,752.12 77.38% 89.91% 5.54% 13.41% 4.80% 22.62%
Cable TV 16 0.97 26.62% 7.91% 18.70% $51,330.41 $9,599.70 20.34% 6.86% 13.48% $121,599.93 $16,390.44 67.01% 86.81% 5.54% 15.00% 4.71% 32.99%
Chemical (Basic) 47 1.01 8.80% 8.10% 0.70% $9,799.01 $68.25 14.86% 7.76% 7.10% $13,111.59 $930.98 77.12% 108.14% 7.04% 6.27% 6.60% 22.88%
Chemical (Diversified) 10 1.42 24.33% 10.12% 14.21% $38,209.94 $5,429.96 13.69% 8.44% 5.25% $63,067.19 $3,312.89 74.97% 64.97% 4.54% 25.03% 3.40% 25.03%
Chemical (Specialty) 100 1.01 22.10% 8.11% 13.99% $74,004.76 $10,351.86 29.31% 7.65% 21.66% $69,324.74 $15,013.48 85.99% 85.18% 5.54% 12.74% 4.83% 14.01%
Coal & Related Energy 45 1.28 -14.66% 9.42% -24.08% $22,907.09 $(5,515.66) 2.53% 8.24% -5.70% $42,818.27 $(2,441.87) 53.58% 120.20% 7.04% 2.44% 6.87% 46.42%
Computer Services 129 0.92 39.46% 7.65% 31.82% $53,558.54 $17,040.74 57.15% 7.27% 49.88% $49,446.45 $24,661.68 83.00% 96.81% 6.04% 9.94% 5.44% 17.00%
Computer Software 273 1.07 21.53% 8.38% 13.15% $191,420.02 $25,168.95 46.27% 8.24% 38.04% $110,238.37 $41,929.49 92.01% 100.31% 7.04% 6.16% 6.61% 7.99%
Computers/Peripherals 66 1.15 24.55% 8.79% 15.76% $190,416.44 $30,013.61 42.04% 8.61% 33.43% $148,445.48 $49,628.41 91.89% 111.60% 7.04% 5.66% 6.64% 8.11%
Construction 18 0.96 3.62% 7.84% -4.22% $6,772.45 $(285.59) 5.61% 7.28% -1.67% $8,555.60 $(143.05) 76.65% 94.83% 6.04% 9.82% 5.45% 23.35%
Diversified 20 0.77 13.06% 6.89% 6.16% $168,338.88 $10,376.01 4.94% 5.47% -0.54% $535,886.63 $(2,869.92) 51.42% 58.91% 4.54% 12.60% 3.97% 48.58%
Educational Services 40 1.24 -0.13% 9.22% -9.35% $11,421.14 $(1,068.34) 13.61% 8.37% 5.23% $12,352.58 $646.47 71.93% 120.83% 7.04% 11.84% 6.21% 28.07%
Electrical Equipment 135 1.14 13.67% 8.75% 4.92% $33,964.80 $1,670.73 35.15% 8.48% 26.67% $25,473.88 $6,793.61 87.92% 109.94% 7.04% 7.49% 6.51% 12.08%
Electronics 191 1.02 7.98% 8.16% -0.18% $53,626.69 $(95.58) 11.52% 7.94% 3.58% $48,741.57 $1,746.51 86.20% 111.11% 7.04% 7.52% 6.51% 13.80%
Electronics (Consumer & Office) 26 1.37 25.66% 9.88% 15.78% $12,080.90 $1,906.83 16.85% 8.88% 7.97% $13,888.74 $1,106.99 71.27% 101.29% 7.04% 8.97% 6.41% 28.73%
Engineering 56 1.20 7.61% 9.04% -1.43% $33,185.88 $(474.43) 21.76% 8.24% 13.52% $23,995.60 $3,243.13 81.49% 89.28% 5.54% 14.86% 4.72% 18.51%
Entertainment 85 1.19 17.45% 8.98% 8.46% $110,620.88 $9,361.63 29.60% 8.51% 21.09% $89,338.20 $18,843.00 79.38% 102.02% 7.04% 4.85% 6.70% 20.62%
Environmental & Waste Services 108 1.13 8.28% 8.71% -0.43% $23,332.37 $(100.12) 20.22% 8.10% 12.13% $25,724.87 $3,119.37 69.64% 118.46% 7.04% 5.02% 6.69% 30.36%
Farming/Agriculture 29 0.79 4.82% 7.01% -2.18% $35,116.73 $(767.00) 7.16% 6.44% 0.73% $52,504.75 $382.02 70.86% 84.88% 5.54% 9.01% 5.04% 29.14%
Financial Svcs. 76 0.99 15.50% 7.97% 7.53% $120,463.63 $9,076.06 1.74% 6.02% -4.28% $404,213.50 $(17,294.33) 49.48% 79.79% 5.04% 18.37% 4.11% 50.52%
Financial Svcs. (Non-bank & Insurance) 17 1.05 6.45% 8.29% -1.83% $613,133.61 $(11,245.59) 0.17% 5.41% -5.25% $2,067,064.53 $(108,465.90) 23.18% 66.66% 5.04% 9.77% 4.55% 76.82%
Food Processing 97 0.85 15.94% 7.30% 8.64% $94,774.08 $8,190.62 25.29% 6.74% 18.54% $92,373.97 $17,128.63 78.17% 86.41% 5.54% 14.00% 4.76% 21.83%
Food Wholesalers 18 1.18 17.74% 8.92% 8.83% $6,868.61 $606.21 25.57% 8.41% 17.15% $8,698.32 $1,492.12 85.63% 91.05% 6.04% 10.69% 5.39% 14.37%
Furn/Home Furnishings 36 1.24 12.99% 9.25% 3.75% $12,438.49 $465.86 19.31% 8.62% 10.69% $14,230.99 $1,521.90 78.33% 100.03% 7.04% 10.03% 6.33% 21.67%
Healthcare Equipment 193 0.85 11.87% 7.31% 4.56% $114,487.10 $5,219.16 29.20% 7.21% 21.99% $95,666.26 $21,038.93 85.28% 105.14% 7.04% 5.80% 6.63% 14.72%
Healthcare Facilities 47 1.13 26.29% 8.68% 17.60% $9,658.99 $1,700.36 14.54% 6.79% 7.75% $65,109.35 $5,047.40 45.27% 90.96% 6.04% 13.49% 5.23% 54.73%
Healthcare Products 58 1.00 5.52% 8.06% -2.55% $10,688.99 $(272.22) 14.47% 7.79% 6.68% $9,600.48 $641.22 83.47% 100.72% 7.04% 8.76% 6.42% 16.53%
Healthcare Services 126 0.83 13.14% 7.20% 5.93% $159,779.88 $9,481.60 38.67% 6.77% 31.90% $98,087.67 $31,293.04 78.17% 91.19% 6.04% 13.77% 5.21% 21.83%
Heathcare Information and Technology 125 0.99 9.45% 8.00% 1.45% $43,962.11 $637.97 21.23% 7.83% 13.40% $32,826.72 $4,398.10 87.32% 112.18% 7.04% 6.09% 6.61% 12.68%
Heavy Construction 46 1.67 22.00% 11.39% 10.62% $50,714.46 $5,384.20 13.10% 8.89% 4.21% $122,981.54 $5,176.85 63.98% 89.60% 5.54% 19.40% 4.47% 36.02%
Homebuilding 32 1.71 32.64% 11.61% 21.04% $17,929.95 $3,772.34 10.22% 9.78% 0.44% $33,977.40 $148.68 63.85% 105.53% 7.04% 6.68% 6.57% 36.15%
Hotel/Gaming 89 1.27 4.50% 9.41% -4.91% $68,031.64 $(3,336.97) 10.37% 8.03% 2.33% $143,216.40 $3,341.72 65.65% 99.66% 6.04% 10.48% 5.41% 34.35%
Household Products 139 1.00 21.68% 8.06% 13.61% $89,811.21 $12,227.66 37.25% 7.79% 29.46% $81,520.00 $24,014.65 83.80% 106.72% 7.04% 9.51% 6.37% 16.20%
Information Services 71 0.84 22.24% 7.26% 14.98% $74,471.06 $11,157.18 47.15% 6.96% 40.19% $47,302.68 $19,011.80 90.39% 66.77% 5.04% 17.05% 4.18% 9.61%
Insurance (General) 26 0.92 4.08% 7.64% -3.56% $191,851.55 $(6,831.40) 6.06% 6.38% -0.33% $276,221.62 $(903.34) 68.43% 55.60% 4.54% 19.19% 3.67% 31.57%
Insurance (Life) 27 1.21 6.08% 9.09% -3.01% $180,539.30 $(5,431.12) 6.11% 6.95% -0.84% $264,951.02 $(2,228.16) 60.00% 57.69% 4.54% 17.82% 3.73% 40.00%
Insurance (Prop/Cas.) 53 0.76 14.34% 6.86% 7.49% $123,420.00 $9,242.68 11.86% 6.13% 5.73% $169,812.92 $9,732.92 74.09% 65.78% 5.04% 19.42% 4.06% 25.91%
Internet software and services 330 1.05 11.75% 8.27% 3.49% $141,502.97 $4,935.08 21.66% 8.20% 13.46% $97,343.22 $13,102.03 96.00% 120.28% 7.04% 4.59% 6.72% 4.00%
Investment Co. 65 0.82 9.68% 7.12% 2.57% $75,365.91 $1,934.72 2.15% 5.89% -3.74% $133,955.18 $(5,010.15) 48.92% 76.57% 5.04% 6.62% 4.71% 51.08%
Machinery 141 1.04 15.70% 8.25% 7.45% $68,238.80 $5,083.21 28.02% 7.68% 20.35% $54,286.80 $11,045.18 85.11% 78.89% 5.04% 13.02% 4.38% 14.89%
Metals & Mining 134 1.26 6.26% 9.34% -3.09% $47,915.59 $(1,479.40) 15.12% 8.55% 6.57% $58,063.88 $3,814.66 67.47% 127.20% 7.04% 1.90% 6.91% 32.53%
Office Equipment & Services 30 1.14 19.42% 8.76% 10.66% $3,637.20 $387.55 24.24% 7.37% 16.88% $8,502.07 $1,434.91 64.48% 81.92% 5.54% 12.81% 4.83% 35.52%
Oil/Gas (Integrated) 8 1.00 18.31% 8.06% 10.25% $360,774.04 $36,965.26 18.99% 7.71% 11.28% $369,176.92 $41,648.74 92.13% 52.52% 4.54% 20.55% 3.61% 7.87%
Oil/Gas (Production and Exploration) 411 1.24 6.74% 9.24% -2.50% $299,696.99 $(7,489.19) -7.27% 7.63% -14.90% $1,253,167.74 $(186,741.26) 39.04% 112.16% 7.04% 6.29% 6.60% 60.96%
Oil/Gas Distribution 80 0.82 12.66% 7.12% 5.53% $126,906.40 $7,020.99 10.78% 6.18% 4.61% $276,222.52 $12,729.82 65.82% 63.33% 4.54% 4.18% 4.35% 34.18%
Oilfield Svcs/Equip. 163 1.30 13.18% 9.56% 3.62% $203,473.91 $7,369.21 19.64% 9.01% 10.63% $215,749.47 $22,933.85 83.14% 101.55% 7.04% 10.73% 6.28% 16.86%
Packaging & Container 24 0.99 15.61% 7.97% 7.64% $21,120.68 $1,614.05 18.14% 6.52% 11.63% $37,552.79 $4,365.93 67.03% 56.60% 4.54% 21.28% 3.57% 32.97%
Paper/Forest Products 21 1.34 15.98% 9.72% 6.26% $10,964.52 $686.11 13.25% 7.98% 5.27% $22,533.26 $1,188.11 65.79% 75.10% 5.04% 8.20% 4.63% 34.21%
Pharma & Drugs 138 1.10 19.71% 8.56% 11.15% $280,299.27 $31,264.77 28.42% 8.33% 20.09% $229,696.09 $46,146.92 87.82% 117.64% 7.04% 4.30% 6.74% 12.18%
Power 106 0.68 8.70% 6.43% 2.27% $263,179.15 $5,963.22 7.44% 5.23% 2.22% $578,119.40 $12,807.21 54.02% 55.54% 4.54% 16.03% 3.81% 45.98%
Precious Metals 166 1.33 -8.92% 9.71% -18.62% $26,453.81 $(4,926.72) 5.02% 8.97% -3.95% $30,148.51 $(1,190.14) 72.98% 140.33% 7.04% 0.82% 6.98% 27.02%
Publshing & Newspapers 52 1.08 7.05% 8.45% -1.40% $29,741.54 $(416.99) 26.06% 7.46% 18.60% $21,379.87 $3,976.99 73.09% 88.39% 5.54% 13.92% 4.77% 26.91%
R.E.I.T. 46 0.78 12.55% 6.95% 5.60% $65,631.93 $3,674.00 0.01% 4.80% -4.80% $441,801.33 $(21,191.97) 14.93% 56.02% 4.54% 2.48% 4.43% 85.07%
Railroad 10 1.08 19.85% 8.43% 11.41% $42,883.16 $4,893.47 16.13% 7.59% 8.55% $74,410.54 $6,358.39 80.85% 67.40% 5.04% 20.51% 4.01% 19.15%
Real Estate (Development) 22 0.99 -4.29% 7.99% -12.28% $3,205.05 $(393.65) 1.44% 7.57% -6.13% $4,239.58 $(259.78) 80.06% 94.11% 6.04% 3.00% 5.86% 19.94%
Real Estate (General/Diversified) 11 0.72 1.02% 6.63% -5.61% $2,322.46 $(130.37) 1.33% 6.33% -5.00% $2,935.69 $(146.76) 85.25% 74.92% 5.04% 8.72% 4.60% 14.75%
Real Estate (Operations & Services) 47 1.40 19.84% 10.05% 9.80% $3,690.12 $361.60 8.55% 8.70% -0.14% $18,909.23 $(27.15) 62.67% 101.66% 7.04% 8.56% 6.44% 37.33%
Recreation 70 1.30 18.03% 9.56% 8.47% $13,167.33 $1,115.12 20.47% 8.75% 11.72% $20,538.73 $2,406.54 79.92% 97.36% 6.04% 8.81% 5.51% 20.08%
Reinsurance 3 0.56 6.05% 5.85% 0.20% $13,389.30 $26.47 6.66% 5.20% 1.46% $15,994.25 $233.08 72.20% 37.61% 4.04% 13.34% 3.50% 27.80%
Restaurant 84 0.86 27.46% 7.32% 20.14% $34,374.91 $6,922.18 16.51% 6.66% 9.85% $88,539.84 $8,719.95 78.39% 78.32% 5.04% 15.17% 4.28% 21.61%
Retail (Automotive) 30 1.15 30.79% 8.80% 22.00% $12,631.11 $2,778.56 12.78% 7.22% 5.57% $42,176.41 $2,347.37 63.49% 84.47% 5.54% 19.23% 4.47% 36.51%
Retail (Building Supply) 7 1.07 23.12% 8.38% 14.74% $32,797.20 $4,833.20 16.37% 7.72% 8.66% $59,596.00 $5,158.36 81.85% 97.40% 6.04% 21.97% 4.71% 18.15%
Retail (Distributors) 87 1.00 12.92% 8.04% 4.88% $27,071.55 $1,321.35 15.52% 7.00% 8.51% $52,260.17 $4,449.76 69.53% 85.26% 5.54% 16.18% 4.64% 30.47%
Retail (General) 21 0.98 17.68% 7.94% 9.75% $135,466.60 $13,205.58 13.23% 6.84% 6.38% $237,437.56 $15,155.08 73.74% 77.55% 5.04% 25.03% 3.78% 26.26%
Retail (Grocery and Food) 21 0.81 10.91% 7.11% 3.80% $14,758.23 $560.22 7.07% 5.94% 1.13% $53,099.75 $599.08 63.75% 79.40% 5.04% 22.83% 3.89% 36.25%
Retail (Internet) 47 1.03 18.36% 8.19% 10.16% $17,762.44 $1,805.11 33.24% 8.10% 25.14% $10,805.76 $2,716.62 95.18% 114.31% 7.04% 9.80% 6.35% 4.82%
Retail (Special Lines) 137 0.99 17.29% 7.97% 9.32% $123,647.63 $11,521.65 13.40% 7.13% 6.27% $228,262.87 $14,319.15 72.57% 91.79% 6.04% 18.90% 4.90% 27.43%
Rubber& Tires 4 1.27 45.41% 9.38% 36.04% $1,405.83 $506.60 23.80% 7.59% 16.20% $6,444.49 $1,044.33 47.67% 106.10% 7.04% 15.21% 5.97% 52.33%
Semiconductor 104 1.19 13.14% 9.01% 4.14% $124,199.99 $5,138.47 18.35% 8.61% 9.73% $114,820.71 $11,174.63 88.48% 95.41% 6.04% 7.30% 5.60% 11.52%
Semiconductor Equip 51 1.25 -1.21% 9.31% -10.52% $29,259.76 $(3,078.29) 7.79% 8.93% -1.13% $24,313.18 $(275.68) 85.49% 101.14% 7.04% 5.13% 6.68% 14.51%
Shipbuilding & Marine 14 1.50 0.37% 10.52% -10.15% $4,207.54 $(427.16) 6.64% 9.01% -2.37% $8,679.95 $(205.60) 60.48% 117.34% 7.04% 4.99% 6.69% 39.52%
Shoe 14 0.83 24.27% 7.19% 17.08% $13,703.17 $2,340.60 25.11% 6.96% 18.15% $14,462.83 $2,625.00 92.69% 78.29% 5.04% 19.82% 4.04% 7.31%
Steel 37 1.19 -6.67% 8.99% -15.66% $33,193.92 $(5,198.37) 7.99% 7.66% 0.33% $44,840.85 $147.41 68.54% 83.60% 5.54% 14.13% 4.76% 31.46%
Telecom (Wireless) 28 0.68 -15.63% 6.44% -22.08% $32,577.83 $(7,192.69) -0.60% 5.88% -6.48% $115,844.24 $(7,503.44) 48.75% 96.71% 6.04% 11.54% 5.34% 51.25%
Telecom. Equipment 131 1.14 15.67% 8.76% 6.91% $122,460.00 $8,456.15 23.43% 8.55% 14.88% $96,751.26 $14,400.33 90.28% 106.61% 7.04% 6.90% 6.55% 9.72%
Telecom. Services 82 0.94 5.78% 7.74% -1.97% $170,032.38 $(3,342.38) 14.48% 6.82% 7.66% $233,948.71 $17,919.11 58.40% 98.32% 6.04% 8.40% 5.53% 41.60%
Thrift 223 0.53 NA 5.70% NA $(165,851.38) #VALUE! 0.00% 4.12% -4.12% $5,210,366.57 $(214,438.67) 1.84% 69.10% 5.04% 18.93% 4.09% 98.16%
Tobacco 12 0.94 214.71% 7.73% 206.98% $7,775.28 $16,093.33 109.73% 7.07% 102.66% $21,335.48 $21,903.45 82.76% 58.61% 4.54% 14.23% 3.89% 17.24%
Transportation 22 1.01 14.75% 8.07% 6.68% $29,329.58 $1,957.87 13.83% 7.37% 6.47% $44,808.87 $2,897.37 82.81% 75.94% 5.04% 21.21% 3.97% 17.19%
Trucking 28 1.17 16.01% 8.87% 7.14% $12,864.53 $918.60 11.36% 6.73% 4.63% $47,090.40 $2,181.37 56.03% 82.51% 5.54% 27.93% 3.99% 43.97%
Utility (General) 20 0.56 7.34% 5.84% 1.50% $110,070.90 $1,649.03 6.93% 4.61% 2.33% $227,708.27 $5,299.15 59.05% 33.80% 4.04% 29.93% 2.83% 40.95%
Utility (Water) 20 0.75 9.95% 6.78% 3.17% $7,545.55 $239.25 8.54% 5.87% 2.67% $15,434.79 $412.00 63.33% 77.13% 5.04% 14.52% 4.31% 36.67%
Total Market 7766 1.01 15.68% 8.07% 7.60% $7,230,907.53 $549,730.17 6.52% 6.94% -0.42% $18,678,098.03 $(77,988.05) 57.38% 94.94% 6.04% 10.32% 5.42% 42.62%


Updated in January 2014
Aswath Damodaran