Revenue Multiples 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/psdata.xls

can be obtained by clicking here

on which companies are included in each industry


Industry Name Number of firms Price/Sales Net Margin EV/Sales Pre-tax Operating Margin
Advertising 65 1.33 3.90% 1.91 14.58%
Aerospace/Defense 95 1.37 6.64% 1.53 11.39%
Air Transport 25 0.54 2.82% 1.06 7.20%
Apparel 70 1.89 6.72% 2.22 13.85%
Auto & Truck 26 0.50 3.82% 0.90 3.49%
Auto Parts 75 0.71 4.00% 0.86 7.82%
Bank 7 3.16 27.21% 5.18 NA
Banks (Regional) 721 3.41 23.05% 5.06 NA
Beverage  47 2.60 12.77% 3.02 17.83%
Beverage (Alcoholic) 19 3.73 22.63% 4.69 20.58%
Biotechnology 349 10.27 6.88% 10.72 16.64%
Broadcasting 30 2.86 29.55% 4.14 26.68%
Brokerage & Investment Banking 49 1.50 9.72% 5.66 1.76%
Building Materials 37 1.11 1.91% 1.37 6.98%
Business & Consumer Services 179 1.36 4.34% 1.68 10.08%
Cable TV 16 1.88 8.93% 2.73 19.01%
Chemical (Basic) 47 1.37 4.28% 1.65 10.32%
Chemical (Diversified) 10 1.21 7.74% 1.51 9.59%
Chemical (Specialty) 100 1.99 11.19% 2.17 15.93%
Coal & Related Energy 45 0.93 -10.81% 1.64 3.58%
Computer Services 129 0.99 6.85% 1.13 10.18%
Computer Software 273 4.43 20.47% 4.55 27.00%
Computers/Peripherals 66 1.96 13.17% 2.00 18.64%
Construction 18 2.48 3.02% 3.17 6.56%
Diversified 20 2.14 10.46% 4.07 14.41%
Educational Services 40 1.03 -0.07% 1.26 8.16%
Electrical Equipment 135 1.97 6.36% 2.12 13.25%
Electronics 191 1.55 5.67% 1.60 8.03%
Electronics (Consumer & Office) 26 0.78 9.36% 1.02 7.76%
Engineering 56 0.55 2.15% 0.60 5.23%
Entertainment 85 2.48 13.75% 3.00 19.80%
Environmental & Waste Services 108 1.54 4.40% 2.18 12.48%
Farming/Agriculture 29 0.31 1.05% 0.41 2.55%
Financial Svcs. 76 3.69 21.77% 6.91 10.05%
Financial Svcs. (Non-bank & Insurance) 17 2.18 15.55% 8.65 1.51%
Food Processing 97 1.32 6.22% 1.64 11.18%
Food Wholesalers 18 0.47 2.02% 0.54 4.13%
Furn/Home Furnishings 36 0.96 4.16% 1.18 7.87%
Healthcare Equipment 193 2.59 9.41% 2.88 20.53%
Healthcare Facilities 47 0.66 2.54% 1.44 10.95%
Healthcare Products 58 2.85 4.26% 3.26 11.00%
Healthcare Services 126 0.47 2.42% 0.57 5.08%
Heathcare Information and Technology 125 3.32 7.52% 3.62 13.42%
Heavy Construction 46 0.96 5.61% 1.42 10.05%
Homebuilding 32 1.18 14.11% 1.68 8.97%
Hotel/Gaming 89 2.35 2.87% 3.44 15.56%
Household Products 139 2.17 9.63% 2.50 16.60%
Information Services 71 4.14 15.50% 4.40 25.17%
Insurance (General) 26 1.14 5.02% 1.59 13.28%
Insurance (Life) 27 0.89 4.85% 1.33 8.70%
Insurance (Prop/Cas.) 53 1.07 10.33% 1.36 14.59%
Internet software and services 330 6.99 14.18% 6.99 18.84%
Investment Co. 65 2.92 16.63% 5.29 7.01%
Machinery 141 1.70 7.72% 1.87 12.59%
Metals & Mining 134 1.49 4.86% 2.09 14.50%
Office Equipment & Services 30 0.80 2.68% 1.17 8.99%
Oil/Gas (Integrated) 8 1.16 9.72% 1.22 12.99%
Oil/Gas (Production and Exploration) 411 2.42 7.68% 6.10 -36.96%
Oil/Gas Distribution 80 1.27 4.14% 1.91 8.01%
Oilfield Svcs/Equip. 163 0.62 3.52% 0.70 6.22%
Packaging & Container 24 0.87 3.73% 1.26 9.81%
Paper/Forest Products 21 0.80 4.05% 1.18 7.51%
Pharma & Drugs 138 3.67 20.31% 3.97 25.08%
Power 106 1.51 7.26% 2.74 16.25%
Precious Metals 166 1.96 -18.86% 2.40 12.22%
Publshing & Newspapers 52 1.22 3.10% 1.57 9.57%
R.E.I.T. 46 5.03 73.16% 32.89 0.33%
Railroad 10 3.19 17.62% 3.88 31.27%
Real Estate (Development) 22 6.04 -12.88% 7.07 5.88%
Real Estate (General/Diversified) 11 10.32 4.80% 12.03 8.71%
Real Estate (Operations & Services) 47 1.67 3.96% 2.57 9.57%
Recreation 70 1.90 7.29% 2.28 14.16%
Reinsurance 3 0.84 5.37% 1.05 8.14%
Restaurant 84 2.32 7.73% 2.88 14.12%
Retail (Automotive) 30 0.55 2.94% 0.85 5.05%
Retail (Building Supply) 7 1.26 5.56% 1.50 9.16%
Retail (Distributors) 87 1.09 3.53% 1.54 9.76%
Retail (General) 21 0.55 2.90% 0.72 5.07%
Retail (Grocery and Food) 21 0.33 0.75% 0.51 2.26%
Retail (Internet) 47 3.25 3.37% 3.31 4.12%
Retail (Special Lines) 137 0.83 3.88% 1.11 6.84%
Rubber& Tires 4 0.31 2.68% 0.54 7.60%
Semiconductor 104 2.64 11.43% 2.80 15.91%
Semiconductor Equip 51 2.33 -1.25% 2.42 7.07%
Shipbuilding & Marine 14 1.47 0.27% 2.37 10.59%
Shoe 14 2.34 9.47% 2.44 12.90%
Steel 37 0.61 -2.44% 0.84 4.60%
Telecom (Wireless) 28 1.43 -6.30% 2.79 -0.97%
Telecom. Equipment 131 2.74 14.98% 2.84 19.01%
Telecom. Services 82 1.28 3.32% 1.98 12.50%
Thrift 223 1.24 NA NA NA
Tobacco 12 3.93 24.69% 4.57 40.37%
Transportation 22 1.30 3.36% 1.48 6.11%
Trucking 28 0.90 3.17% 1.56 11.43%
Utility (General) 20 1.57 6.28% 2.63 17.51%
Utility (Water) 20 3.05 14.20% 4.78 29.18%
Total Market 7766 1.52 8.06% 2.52 9.66%
Wireless Networking 53 2.50 0.82% 17.07% 6.08%
Total Market 5748 1.56 7.98% 13.68% 37.85%

Last Updated in January 2014
By Aswath Damodaran