Multiples by Market Cap Class (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2021

Critieria for inclusion: All publicly traded firms in the United States

Market Cap Decile Number of firms PE PBV Price/Sales EV/EBIT EV/EBITDA EV/Sales EV/Invested Capital ROE Pre-tax ROIC Net Margin Operating Margin % of companies with Net Income <0 % of companies with Operating income <0
Bottom decile 520 16.21 1.64 1.97 21.07 16.36 2.18 2.23 -29.11% -13.62% -15.59% -29.04% 85.00% 88.85%
2nd decile 520 11.67 1.17 2.24 28.94 26.21 2.35 1.55 -6.24% -4.84% -2.75% -5.21% 70.19% 86.92%
3rd decile 519 12.34 1.69 2.40 31.44 22.34 2.71 1.89 -8.59% -2.00% -1.67% -4.57% 65.90% 82.66%
4th decile 521 12.77 1.52 2.59 29.23 38.28 2.92 1.93 0.15% -0.31% -0.43% 0.90% 57.77% 79.27%
5th decile 520 14.01 1.91 2.35 19.23 13.52 2.55 2.20 -2.64% -0.06% 0.00% -1.11% 59.81% 64.42%
6th decile 520 18.28 2.26 2.37 23.54 15.34 2.69 2.56 -0.10% 0.08% 0.53% -0.10% 59.04% 59.23%
7th decile 520 24.69 2.61 2.38 21.57 14.08 3.11 2.71 3.71% 3.79% 4.42% 2.22% 48.46% 44.81%
8th decile 520 25.49 2.74 2.54 26.23 15.53 3.28 2.83 5.28% 4.69% 5.67% 3.09% 40.96% 35.77%
9th decile 520 29.20 3.63 3.52 25.01 17.06 4.34 4.15 6.48% 7.25% 8.29% 4.84% 34.62% 30.00%
Top decile 521 30.47 5.07 4.34 27.21 19.47 5.34 5.89 12.06% 12.13% 14.77% 10.92% 20.15% 19.96%
US Market 7,582 20.30 2.35 2.54 24.91 16.60 3.17 2.70 2.06% 0.04% 0.02% 0.45% 67.33% 71.08%

Last updated in January 2021
By Aswath Damodaran