Industry Name Number of Firms Beta ROE Cost of Equity (ROE - COE) BV of Equity Equity EVA (US $ millions) ROC Cost of Capital (ROC - WACC) BV of Capital EVA (US $ millions)
Advertising 49 1.34 20.18% 7.19% 12.99%  $        5,417.24  $         703.68 50.20% 5.64% 44.56%  $          7,331.78  $      3,267.15
Aerospace/Defense 73 1.28 9.09% 6.94% 2.15%  $    133,590.41  $      2,866.74 14.76% 5.89% 8.88%  $      179,169.57  $    15,901.73
Air Transport 21 1.58 -27.28% 8.22% -35.50%  $      29,068.25  $  (10,320.55) -19.81% 4.83% -24.64%  $      117,175.33  $   (28,866.84)
Apparel 39 1.23 20.78% 6.71% 14.07%  $      23,149.39  $      3,257.82 20.35% 5.73% 14.63%  $        37,404.48  $      5,471.15
Auto & Truck 26 1.13 13.68% 6.30% 7.38%  $      97,091.90  $      7,169.54 4.74% 5.69% -0.95%  $      401,918.28  $     (3,803.02)
Auto Parts 38 1.40 6.72% 7.44% -0.72%  $      19,374.51  $       (139.65) 14.77% 6.20% 8.57%  $        39,941.24  $      3,422.03
Bank (Money Center) 7 1.12 14.97% 6.25% 8.72%  $    869,955.90  $    75,877.84 -0.01% 3.46% -3.47%  $   1,470,516.09  $   (51,017.52)
Banks (Regional) 563 0.70 12.53% 4.47% 8.06%  $    547,670.40  $    44,167.87 -0.08% 3.79% -3.87%  $      580,436.53  $   (22,474.21)
Beverage (Alcoholic) 21 0.82 4.39% 4.98% -0.60%  $      29,781.41  $       (178.28) 15.28% 4.51% 10.77%  $        35,723.61  $      3,848.51
Beverage (Soft) 32 1.22 32.80% 6.66% 26.13%  $      62,541.41  $    16,344.05 27.30% 6.09% 21.22%  $      102,788.96  $    21,809.63
Broadcasting 28 1.35 19.35% 7.24% 12.10%  $      44,383.71  $      5,372.19 17.22% 4.75% 12.47%  $        76,868.86  $      9,588.72
Brokerage & Investment Banking 31 1.17 21.61% 6.49% 15.12%  $    218,447.58  $    33,026.49 0.37% 3.79% -3.42%  $      772,872.69  $   (26,449.74)
Building Materials 44 1.19 31.26% 6.54% 24.72%  $      32,970.93  $      8,149.87 30.44% 5.87% 24.57%  $        39,566.77  $      9,720.00
Business & Consumer Services 160 1.09 13.67% 6.13% 7.55%  $      77,351.28  $      5,836.44 23.26% 5.48% 17.78%  $        77,461.20  $    13,771.95
Cable TV 11 0.93 16.38% 5.47% 10.91%  $    146,600.00  $    15,998.75 12.77% 4.10% 8.67%  $      263,119.72  $    22,812.47
Chemical (Basic) 35 1.16 47.24% 6.44% 40.80%  $      32,106.06  $    13,100.36 27.31% 5.26% 22.05%  $        66,266.36  $    14,614.39
Chemical (Diversified) 4 1.50 28.12% 7.88% 20.23%  $        4,137.73  $         837.22 13.74% 6.09% 7.65%  $          9,906.17  $         758.30
Chemical (Specialty) 81 1.10 16.00% 6.19% 9.81%  $    148,947.64  $    14,613.18 15.02% 5.60% 9.42%  $      169,193.55  $    15,934.59
Coal & Related Energy 18 0.92 -14.40% 5.39% -19.79%  $        2,301.12  $       (455.40) -4.04% 4.57% -8.62%  $          4,245.84  $        (365.98)
Computer Services 83 1.20 14.61% 6.59% 8.02%  $      62,397.51  $      5,003.01 21.41% 5.75% 15.66%  $        79,088.03  $    12,384.26
Computers/Peripherals 46 1.29 0.61% 6.97% -6.36%  $      98,589.37  $    (6,268.24) 44.93% 6.66% 38.27%  $      275,838.08  $  105,562.17
Construction Supplies 48 1.11 17.17% 6.21% 10.96%  $      71,152.42  $      7,796.15 12.88% 5.42% 7.46%  $      118,151.73  $      8,813.48
Diversified 22 0.75 19.92% 4.71% 15.21%  $    496,677.67  $    75,531.33 21.45% 4.27% 17.18%  $      568,773.87  $    97,713.95
Drugs (Biotechnology) 581 0.99 -0.76% 5.72% -6.48%  $    152,573.72  $    (9,893.58) 7.30% 5.31% 1.99%  $      406,820.05  $      8,092.45
Drugs (Pharmaceutical) 298 1.08 14.55% 6.07% 8.48%  $    264,831.81  $    22,459.85 19.66% 5.63% 14.03%  $      508,600.36  $    71,378.03
Education 35 1.13 8.61% 6.28% 2.33%  $      14,491.32  $         337.06 7.10% 5.53% 1.57%  $        14,929.52  $         234.44
Electrical Equipment 104 1.25 16.80% 6.79% 10.01%  $      34,120.19  $      3,414.06 22.78% 6.29% 16.49%  $        39,600.69  $      6,530.99
Electronics (Consumer & Office) 16 0.98 43.57% 5.65% 37.93%  $        1,198.31  $         454.47 18.32% 5.43% 12.89%  $          2,153.04  $         277.50
Electronics (General) 137 1.09 14.72% 6.11% 8.61%  $      58,198.81  $      5,012.23 17.59% 5.72% 11.88%  $        68,877.37  $      8,180.53
Engineering/Construction 48 1.06 6.48% 6.00% 0.49%  $      28,273.71  $         138.01 15.99% 5.24% 10.74%  $        27,132.84  $      2,914.96
Entertainment 108 1.01 4.28% 5.80% -1.53%  $    134,039.53  $    (2,045.54) 10.06% 5.38% 4.68%  $      125,890.07  $      5,891.75
Environmental & Waste Services 58 1.24 13.95% 6.77% 7.18%  $      26,821.16  $      1,925.35 25.56% 6.05% 19.51%  $        26,853.63  $      5,239.48
Farming/Agriculture 36 1.03 26.60% 5.88% 20.72%  $      47,353.47  $      9,813.38 13.48% 5.00% 8.48%  $      109,444.57  $      9,276.67
Financial Svcs. (Non-bank & Insurance) 223 0.93 0.28% 5.44% -5.17%  $      97,280.16  $    (5,025.24) 0.59% 2.69% -2.10%  $   6,879,458.76  $ (144,501.57)
Food Processing 92 0.75 13.44% 4.69% 8.75%  $    161,654.76  $    14,145.08 19.54% 4.14% 15.40%  $      160,509.69  $    24,722.76
Food Wholesalers 15 1.40 11.18% 7.45% 3.73%  $      10,434.48  $         388.95 12.29% 5.91% 6.38%  $        23,242.10  $      1,483.81
Furn/Home Furnishings 32 1.11 25.40% 6.21% 19.19%  $      17,639.15  $      3,384.45 24.76% 5.41% 19.35%  $        23,212.18  $      4,490.66
Green & Renewable Energy 20 1.59 -24.12% 8.24% -32.36%  $        3,591.07  $    (1,162.21) 5.73% 7.32% -1.59%  $        17,639.38  $        (280.74)
Healthcare Products 244 0.94 14.18% 5.49% 8.69%  $    169,923.11  $    14,773.70 18.64% 5.26% 13.38%  $      179,723.75  $    24,054.44
Healthcare Support Services 131 1.06 14.68% 6.00% 8.69%  $    304,772.71  $    26,482.32 32.05% 5.33% 26.72%  $      221,925.72  $    59,295.06
Heathcare Information and Technology 142 0.94 19.74% 5.50% 14.24%  $    132,229.33  $    18,823.49 23.06% 5.25% 17.82%  $      128,215.02  $    22,845.35
Homebuilding 29 1.69 27.38% 8.66% 18.72%  $      68,701.70  $    12,861.15 22.92% 7.51% 15.41%  $        85,463.54  $    13,169.16
Hospitals/Healthcare Facilities 31 1.41 95.71% 7.50% 88.20%  $        9,974.37  $      8,797.76 23.17% 5.47% 17.70%  $        64,619.71  $    11,434.82
Hotel/Gaming 66 1.79 -40.21% 9.12% -49.33%  $      61,970.85  $  (30,569.09) -4.69% 7.07% -11.76%  $      221,063.92  $   (25,989.95)
Household Products 118 0.98 35.95% 5.66% 30.28%  $      67,942.49  $    20,573.96 39.78% 5.32% 34.46%  $        86,016.28  $    29,638.00
Information Services 79 1.25 17.51% 6.81% 10.69%  $    192,405.16  $    20,577.16 29.04% 6.42% 22.62%  $      148,263.37  $    33,540.87
Insurance (General) 23 0.92 13.50% 5.42% 8.08%  $    121,473.37  $      9,820.17 12.97% 4.77% 8.21%  $      150,389.07  $    12,342.85
Insurance (Life) 24 1.22 7.86% 6.70% 1.16%  $    278,650.60  $      3,222.68 6.49% 4.59% 1.90%  $      394,067.38  $      7,498.58
Insurance (Prop/Cas.) 52 0.86 15.64% 5.16% 10.48%  $    172,421.21  $    18,063.65 17.38% 4.62% 12.76%  $      205,754.47  $    26,254.83
Investments & Asset Management 687 1.05 23.77% 5.95% 17.81%  $    183,729.47  $    32,729.81 9.72% 5.16% 4.57%  $      284,210.42  $    12,974.53
Machinery 111 1.25 21.13% 6.80% 14.34%  $      87,921.54  $    12,604.84 27.22% 6.24% 20.97%  $        84,522.54  $    17,726.97
Metals & Mining 74 1.17 28.96% 6.48% 22.47%  $      23,630.80  $      5,310.69 36.12% 6.01% 30.11%  $        41,028.96  $    12,355.20
Office Equipment & Services 18 1.38 8.50% 7.38% 1.13%  $        5,123.45  $           57.68 13.47% 5.73% 7.74%  $          7,030.59  $         544.17
Oil/Gas (Integrated) 4 1.47 1.15% 7.72% -6.58%  $    319,460.40  $  (21,012.64) 5.12% 6.58% -1.46%  $      466,373.46  $     (6,808.15)
Oil/Gas (Production and Exploration) 183 1.32 3.30% 7.11% -3.80%  $    149,657.14  $    (5,693.28) -1.54% 6.04% -7.58%  $      276,271.06  $   (20,939.58)
Oil/Gas Distribution 21 1.40 6.44% 7.43% -0.99%  $      63,064.65  $       (624.93) 6.81% 5.18% 1.63%  $      171,879.05  $      2,794.47
Oilfield Svcs/Equip. 100 1.50 5.62% 7.85% -2.23%  $    129,457.67  $    (2,886.85) 2.82% 6.01% -3.19%  $      211,308.62  $     (6,740.45)
Packaging & Container 26 1.01 21.02% 5.79% 15.23%  $      39,291.29  $      5,982.76 15.40% 4.63% 10.77%  $        76,731.47  $      8,262.55
Paper/Forest Products 11 1.21 43.67% 6.66% 37.02%  $        3,936.53  $      1,457.13 44.89% 5.38% 39.51%  $          5,185.14  $      2,048.42
Power 50 0.83 8.14% 5.04% 3.10%  $    347,502.00  $    10,780.76 6.06% 3.70% 2.36%  $      813,846.85  $    19,184.79
Precious Metals 76 0.99 7.99% 5.71% 2.29%  $      28,910.48  $         661.01 14.75% 5.37% 9.38%  $        28,988.78  $      2,718.04
Publishing & Newspapers 21 1.69 8.44% 8.69% -0.25%  $      13,164.70  $         (32.65) 15.77% 6.97% 8.79%  $        13,699.04  $      1,204.39
R.E.I.T. 238 1.35 7.81% 7.23% 0.58%  $    521,604.49  $      3,042.08 2.75% 5.51% -2.76%  $   1,361,838.20  $   (37,568.81)
Real Estate (Development) 19 1.06 -0.46% 6.02% -6.48%  $        4,950.34  $       (320.60) 1.29% 4.50% -3.21%  $          9,233.70  $        (296.85)
Real Estate (General/Diversified) 10 0.91 6.29% 5.35% 0.94%  $        2,193.30  $           20.54 5.01% 4.72% 0.29%  $          2,537.31  $             7.44
Real Estate (Operations & Services) 51 1.15 -10.81% 6.37% -17.18%  $      22,194.95  $    (3,813.30) -2.80% 5.01% -7.81%  $        56,117.85  $     (4,383.28)
Recreation 60 1.23 22.76% 6.71% 16.05%  $      11,460.95  $      1,839.25 18.44% 5.78% 12.67%  $        29,469.87  $      3,732.54
Reinsurance 2 1.37 5.83% 7.32% -1.50%  $      21,810.40  $       (326.63) 6.69% 5.92% 0.77%  $        23,123.24  $         177.79
Restaurant/Dining 70 1.56 NA 8.11% NA  $     (17,670.56)  NA  14.72% 6.93% 7.79%  $      100,772.30  $      7,852.28
Retail (Automotive) 32 1.40 47.18% 7.44% 39.74%  $      23,185.00  $      9,214.55 15.47% 6.09% 9.38%  $        79,317.51  $      7,438.80
Retail (Building Supply) 16 1.52 0.97% 7.97% -7.00%  $      11,334.56  $       (793.36) 54.62% 7.34% 47.28%  $        60,571.07  $    28,636.86
Retail (Distributors) 68 1.28 19.55% 6.94% 12.60%  $      46,505.67  $      5,862.04 16.27% 5.88% 10.39%  $        89,627.02  $      9,314.14
Retail (General) 16 1.12 20.06% 6.24% 13.82%  $    136,277.80  $    18,831.16 20.88% 5.70% 15.18%  $      207,031.49  $    31,428.98
Retail (Grocery and Food) 15 0.30 14.88% 2.78% 12.10%  $      17,663.07  $      2,137.13 7.01% 2.59% 4.42%  $        53,492.73  $      2,363.70
Retail (Online) 60 1.10 44.11% 6.19% 37.92%  $      88,420.06  $    33,528.56 12.18% 5.92% 6.26%  $      303,846.63  $    19,024.84
Retail (Special Lines) 76 1.44 35.23% 7.63% 27.60%  $      58,717.56  $    16,205.88 17.28% 6.34% 10.94%  $      152,590.37  $    16,694.17
Rubber& Tires 2 1.16 9.59% 6.41% 3.17%  $        2,861.32  $           90.76 7.28% 4.11% 3.18%  $        10,210.76  $         324.28
Semiconductor 67 1.16 31.91% 6.44% 25.47%  $    233,116.00  $    59,368.67 21.70% 6.18% 15.53%  $      362,610.37  $    56,306.22
Semiconductor Equip 34 1.34 46.38% 7.19% 39.19%  $      34,846.17  $    13,656.88 37.24% 6.95% 30.29%  $        48,818.25  $    14,787.61
Shipbuilding & Marine 8 0.99 10.29% 5.71% 4.58%  $        5,407.15  $         247.38 15.01% 4.86% 10.15%  $          8,037.82  $         815.77
Shoe 12 1.19 47.91% 6.54% 41.37%  $      16,266.50  $      6,729.59 40.95% 6.31% 34.64%  $        20,983.07  $      7,268.36
Software (Entertainment) 88 1.20 31.40% 6.62% 24.79%  $    355,601.35  $    88,151.32 25.46% 6.54% 18.93%  $      481,975.11  $    91,214.18
Software (Internet) 36 1.00 -11.29% 5.77% -17.05%  $      20,197.00  $    (3,444.57) 1.65% 5.52% -3.88%  $        29,022.98  $     (1,125.15)
Software (System & Application) 375 1.14 30.47% 6.35% 24.12%  $    279,241.98  $    67,346.66 25.03% 6.15% 18.88%  $      434,488.75  $    82,042.92
Steel 28 1.13 40.05% 6.31% 33.73%  $      34,530.10  $    11,648.05 37.25% 5.32% 31.93%  $        47,489.88  $    15,162.27
Telecom (Wireless) 17 0.96 5.93% 5.60% 0.33%  $      73,803.83  $         244.01 5.18% 4.29% 0.89%  $      168,488.42  $      1,503.89
Telecom. Equipment 82 1.08 24.93% 6.10% 18.83%  $      61,556.72  $    11,588.79 26.84% 5.82% 21.02%  $        73,946.36  $    15,543.47
Telecom. Services 42 0.85 10.41% 5.10% 5.32%  $    259,715.39  $    13,806.26 15.33% 3.70% 11.63%  $      441,790.43  $    51,399.06
Tobacco 16 1.00 NA 5.74% #VALUE!  $       (7,863.00) #VALUE! 64.45% 4.93% 59.52%  $        36,640.61  $    21,807.30
Transportation 17 0.79 40.24% 4.86% 35.37%  $      35,579.82  $    12,585.74 21.05% 4.39% 16.66%  $        79,135.56  $    13,186.29
Transportation (Railroads) 4 0.73 28.35% 4.62% 23.73%  $      44,853.00  $    10,644.78 15.31% 4.15% 11.15%  $        98,757.85  $    11,015.28
Trucking 34 1.44 5.54% 7.61% -2.07%  $      40,382.68  $       (834.86) 5.76% 6.51% -0.74%  $        92,089.33  $        (686.01)
Utility (General) 16 0.89 8.44% 5.29% 3.15%  $    141,301.50  $      4,455.14 5.91% 3.87% 2.04%  $      332,921.86  $      6,786.26
Utility (Water) 14 0.77 18.12% 4.75% 13.37%  $      14,326.91  $      1,915.10 8.61% 4.13% 4.48%  $        29,414.26  $      1,317.73
Total Market 7229 1.09 18.12% 6.15% 11.97%  $ 9,875,892.48 ############ 8.61% 5.14% 3.47%  $ 23,621,092.12  $  819,749.13
Total Market (without financials) 5619 1.15 17.96% 6.38% 11.58%  $ 7,386,263.80  $  855,147.47 14.70% 5.75% 8.95%  $ 12,883,386.70 ############