Revenue Multiples 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


Industry Name Number of Firms Price/Sales Net Margin Expected Growth Payout Beta EV/Sales After-tax Operating Margin
Advertising 32 1.00 3.52% 13.49% 38.30% 1.68 1.22 8.20%
Aerospace/Defense 66 0.84 6.66% 12.35% 29.59% 0.98 0.94 7.15%
Air Transport 36 0.57 4.27% 17.66% 24.53% 1.03 0.78 6.56%
Apparel 54 1.41 6.59% 13.59% 20.00% 1.36 1.52 7.33%
Auto Parts 54 0.55 4.56% 19.71% 18.35% 1.76 0.60 5.19%
Automotive 12 0.48 3.45% 19.08% 26.07% 1.73 0.81 4.10%
Bank 416 NA NA 9.28% 31.35% 0.77 NA NA
Bank (Midwest) 68 NA NA 8.20% 34.43% 0.89 NA NA
Beverage 35 2.76 12.71% 12.33% 49.30% 0.95 3.23 15.68%
Biotechnology 214 6.01 4.73% 20.28% 0.16% 1.23 5.70 14.75%
Building Materials 43 0.99 0.82% 30.77% NA 1.57 1.54 3.41%
Cable TV 20 1.48 7.34% 11.12% 26.26% 1.40 2.37 13.17%
Chemical (Basic) 18 1.25 9.49% 12.34% 32.85% 1.37 1.44 11.39%
Chemical (Diversified) 33 1.54 7.63% 12.01% 24.44% 1.55 1.67 11.15%
Chemical (Specialty) 70 1.48 7.95% 14.87% 31.34% 1.18 1.70 7.90%
Coal 20 0.85 4.20% 5.55% 36.06% 1.47 1.32 11.22%
Computer Software 191 3.75 23.59% 19.80% 23.05% 0.98 3.33 23.16%
Computers/Peripherals 81 1.39 9.34% 18.19% 20.96% 1.37 1.38 13.01%
Diversified Co. 113 1.25 8.71% 14.64% 35.62% 1.22 1.92 10.99%
Drug 223 2.90 18.40% 13.19% 48.28% 1.08 3.05 18.76%
E-Commerce 64 5.23 6.31% 22.76% 3.18% 1.05 5.07 4.66%
Educational Services 33 0.62 2.67% 7.63% 9.37% 0.91 0.54 12.38%
Electric Util. (Central) 20 1.24 8.45% 6.55% 60.93% 0.57 2.27 12.07%
Electric Utility (East) 17 1.68 10.87% 3.99% 66.01% 0.43 2.78 13.62%
Electric Utility (West) 15 1.27 8.04% 6.11% 59.16% 0.58 2.26 11.52%
Electrical Equipment 64 1.49 9.98% 13.09% 30.39% 1.43 1.49 10.14%
Electronics 123 0.56 4.01% 11.62% 14.75% 1.22 0.59 4.82%
Engineering & Const 30 0.53 3.39% 14.46% 10.68% 1.28 0.50 3.32%
Entertainment 76 1.85 9.85% 10.20% 24.31% 1.60 2.34 13.14%
Entertainment Tech 42 2.12 5.95% 15.90% 14.10% 1.11 1.79 14.61%
Environmental 84 1.34 4.71% 14.36% 45.77% 0.66 1.87 9.93%
Financial Svcs. (Div.) 256 3.06 16.29% 12.97% 25.33% 1.34 8.15 48.64%
Food Processing 119 1.03 3.02% 12.40% 49.55% 0.87 1.22 7.38%
Foreign Electronics 10 0.37 -1.75% 16.83% NA 1.10 0.39 2.37%
Funeral Services 6 1.27 7.45% 10.90% 49.83% 1.12 1.84 9.75%
Furn/Home Furnishings 32 0.83 3.27% 21.79% 32.92% 1.63 0.95 7.05%
Healthcare Information 20 3.59 8.73% 14.77% 11.80% 0.97 3.60 10.92%
Heavy Truck & Equip 23 0.84 7.59% 18.34% 20.88% 1.80 1.12 8.23%
Homebuilding 22 1.72 -0.76% 18.29% NA 1.55 2.19 8.77%
Hotel/Gaming 57 1.80 6.93% 19.09% 43.30% 1.65 2.43 12.47%
Household Products 27 1.94 11.39% 12.13% 53.76% 0.98 2.24 12.02%
Human Resources 25 0.35 1.67% 23.21% 29.41% 1.38 0.34 1.79%
Industrial Services 136 0.80 3.90% 15.51% 31.12% 0.97 0.99 5.37%
Information Services 28 2.55 13.42% 14.78% 39.37% 1.25 3.16 16.10%
Insurance (Life) 32 NA NA 12.48% 24.23% 1.44 NA NA
Insurance (Prop/Cas.) 62 NA NA 10.32% 45.77% 0.85 NA NA
Internet 194 4.61 13.71% 23.17% 1.36% 1.17 4.15 8.98%
Investment Companies 31 4.67 18.53% 0.00% 0.00% 1.27 4.89 22.22%
IT Services 63 1.89 10.22% 17.20% 30.62% 1.05 1.79 7.30%
Machinery 94 1.40 7.68% 18.55% 23.09% 1.26 1.55 8.76%
Maritime 51 1.00 1.09% 10.69% 16.76% 1.51 2.64 9.96%
Med Supp Invasive 87 2.51 15.36% 14.22% 26.63% 0.87 2.71 16.27%
Med Supp Non-Invasive 143 0.79 4.94% 18.10% 38.24% 1.07 0.78 4.74%
Medical Services 118 0.55 4.66% 12.89% 10.18% 0.84 0.74 6.60%
Metal Fabricating 25 1.18 7.51% 21.05% 25.25% 1.63 1.28 10.43%
Metals & Mining (Div.) 77 2.04 3.32% 15.06% 24.78% 1.62 2.18 25.44%
Natural Gas (Div.) 31 2.14 9.70% 15.84% 26.42% 1.28 2.89 17.13%
Natural Gas Utility 27 0.64 2.07% 7.07% 76.95% 0.46 1.03 5.03%
Newspaper 14 1.20 4.12% 14.86% 22.41% 1.86 1.57 8.98%
Office Equip/Supplies 22 0.31 3.67% 11.83% 29.35% 1.43 0.46 4.66%
Oil/Gas Distribution 12 2.26 7.94% 11.93% 95.57% 1.02 3.42 13.69%
Oilfield Svcs/Equip. 81 1.67 11.41% 15.19% 23.26% 1.66 2.00 11.97%
Packaging & Container 27 0.73 4.69% 11.60% 24.43% 1.20 1.08 7.14%
Paper/Forest Products 32 0.89 2.58% 9.68% 49.04% 1.37 1.18 8.43%
Petroleum (Integrated) 26 0.62 7.31% 14.25% 27.05% 1.17 0.70 7.21%
Petroleum (Producing) 176 1.02 5.16% 18.62% 14.47% 1.45 1.26 13.95%
Pharmacy Services 18 0.58 3.60% 19.29% 26.55% 1.17 0.66 3.46%
Pipeline MLPs 53 1.18 5.44% 12.18% 69.72% 0.74 1.70 8.67%
Power 101 0.62 -2.28% 12.60% NA 1.35 1.51 4.31%
Precious Metals 83 3.48 20.69% 8.88% 20.04% 1.03 3.64 27.63%
Precision Instrument 82 1.75 9.17% 15.63% 18.90% 1.27 1.89 4.70%
Property Management 31 1.60 8.93% 11.41% 23.88% 1.30 3.12 11.72%
Public/Private Equity 12 3.67 84.30% 17.10% 21.00% 2.02 4.00 31.73%
Publishing 29 1.02 3.85% 10.94% 30.35% 1.17 1.32 6.76%
R.E.I.T. 127 10.27 365.00% 11.18% 76.79% 1.43 13.11 157.39%
Railroad 12 2.73 18.08% 15.06% 35.08% 1.32 3.32 18.51%
Recreation 51 1.31 7.05% 17.09% 44.80% 1.45 1.70 9.44%
Reinsurance 11 NA NA 11.82% NA 0.82 NA NA
Restaurant 65 2.25 11.04% 15.74% 48.38% 1.16 2.46 11.71%
Retail (Hardlines) 79 0.77 4.30% 17.24% 16.85% 1.79 0.87 5.70%
Retail (Softlines) 42 1.18 6.24% 20.86% 24.70% 1.43 1.14 5.80%
Retail Automotive 19 0.66 4.24% 14.06% 2.58% 1.39 0.93 4.41%
Retail Building Supply 10 1.20 5.50% 17.00% 44.08% 1.11 1.31 5.30%
Retail Store 38 0.51 3.33% 15.35% 31.55% 1.29 0.61 3.56%
Retail/Wholesale Food 30 0.34 1.81% 9.66% 25.11% 0.68 0.43 2.26%
Securities Brokerage 27 1.57 8.05% 10.48% 21.76% 1.07 3.23 23.74%
Semiconductor 142 2.29 12.20% 17.75% 40.06% 1.49 2.16 16.17%
Semiconductor Equip 10 1.58 7.41% 13.45% 29.61% 1.79 1.44 9.40%
Shoe 17 1.53 7.69% 17.00% 29.01% 1.26 1.42 5.45%
Steel 33 0.51 1.58% 22.28% 20.11% 1.65 0.73 6.03%
Telecom. Equipment 105 1.60 11.53% 12.60% 26.69% 1.07 1.27 11.44%
Telecom. Services 76 1.59 5.17% 10.20% 41.17% 1.15 1.91 15.10%
Telecom. Utility 23 0.88 8.03% 8.31% 41.15% 0.92 1.77 10.40%
Thrift 170 NA NA 10.34% 20.45% 0.68 NA NA
Tobacco 11 2.00 8.28% 10.50% 72.59% 0.86 2.30 15.20%
Toiletries/Cosmetics 14 1.22 5.64% 12.69% 22.15% 1.17 1.37 7.58%
Trucking 34 0.61 2.79% 18.88% 27.28% 1.09 0.82 4.91%
Water Utility 11 2.53 13.22% 6.61% 44.67% 0.49 4.36 18.22%
Wireless Networking 58 2.27 1.06% 15.52% 19.19% 1.35 2.68 12.99%
Total Market 6177 1.29 7.84% 14.49% 36.10% 1.17 1.64 12.43%

Last Updated in January 2013
By Aswath Damodaran