Return on Equity by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2019

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

For global datasets: http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html

can be obtained by clicking here

on which companies are included in each industry


Industry Name Number of firms ROE (unadjusted) ROE (adjusted for R&D)
Advertising 48 22.55% 20.60%
Aerospace/Defense 85 32.01% 22.75%
Air Transport 18 27.62% 27.34%
Apparel 50 11.32% 11.17%
Auto & Truck 14 7.32% 5.09%
Auto Parts 52 20.40% 15.64%
Bank (Money Center) 10 8.42% 8.42%
Banks (Regional) 633 11.48% 11.48%
Beverage (Alcoholic) 31 25.34% 25.34%
Beverage (Soft) 37 24.29% 22.88%
Broadcasting 24 82.32% 81.98%
Brokerage & Investment Banking 38 11.46% 11.45%
Building Materials 42 19.57% 18.01%
Business & Consumer Services 168 20.11% 19.65%
Cable TV 14 36.40% 36.27%
Chemical (Basic) 39 29.23% 27.74%
Chemical (Diversified) 6 5.02% 5.38%
Chemical (Specialty) 89 16.73% 15.21%
Coal & Related Energy 23 21.78% 21.42%
Computer Services 119 16.46% 13.25%
Computers/Peripherals 57 33.65% 24.77%
Construction Supplies 48 22.72% 18.99%
Diversified 23 9.23% 8.61%
Drugs (Biotechnology) 481 -1.57% 0.92%
Drugs (Pharmaceutical) 237 12.55% 8.27%
Education 35 11.16% 10.79%
Electrical Equipment 116 18.97% 16.78%
Electronics (Consumer & Office) 19 -33.49% -8.95%
Electronics (General) 160 4.16% 4.00%
Engineering/Construction 52 9.33% 9.31%
Entertainment 120 21.71% 19.50%
Environmental & Waste Services 91 17.95% 17.92%
Farming/Agriculture 33 13.31% 12.10%
Financial Svcs. (Non-bank & Insurance) 259 0.12% 0.12%
Food Processing 83 19.49% 18.92%
Food Wholesalers 18 27.62% 27.62%
Furn/Home Furnishings 30 6.33% 5.65%
Green & Renewable Energy 21 5.63% 5.62%
Healthcare Products 248 6.15% 5.60%
Healthcare Support Services 111 16.73% 16.60%
Heathcare Information and Technology 119 10.95% 9.47%
Homebuilding 31 17.04% 17.04%
Hospitals/Healthcare Facilities 34 13.84% 13.84%
Hotel/Gaming 70 31.85% 31.48%
Household Products 141 13.42% 12.04%
Information Services 71 30.29% 28.61%
Insurance (General) 20 -1.49% -1.49%
Insurance (Life) 23 11.93% 11.93%
Insurance (Prop/Cas.) 50 14.03% 14.03%
Investments & Asset Management 172 16.18% 16.05%
Machinery 127 17.24% 15.35%
Metals & Mining 94 16.62% 16.51%
Office Equipment & Services 24 17.35% 14.38%
Oil/Gas (Integrated) 5 11.82% 11.67%
Oil/Gas (Production and Exploration) 301 8.98% 8.97%
Oil/Gas Distribution 20 6.75% 6.75%
Oilfield Svcs/Equip. 134 10.19% 9.91%
Packaging & Container 27 27.34% 26.04%
Paper/Forest Products 20 8.45% 8.32%
Power 51 9.27% 9.27%
Precious Metals 91 -2.95% -2.81%
Publishing & Newspapers 33 -2.30% -2.25%
R.E.I.T. 238 9.49% 9.48%
Real Estate (Development) 18 5.36% 5.36%
Real Estate (General/Diversified) 11 18.28% 18.28%
Real Estate (Operations & Services) 59 15.87% 15.77%
Recreation 72 9.03% 7.37%
Reinsurance 2 16.74% 16.74%
Restaurant/Dining 78 0.13% 0.13%
Retail (Automotive) 24 41.49% 41.49%
Retail (Building Supply) 17 95.94% 95.13%
Retail (Distributors) 88 22.71% 22.68%
Retail (General) 19 14.10% 14.11%
Retail (Grocery and Food) 12 41.64% 41.64%
Retail (Online) 79 29.66% 26.72%
Retail (Special Lines) 91 24.37% 24.03%
Rubber& Tires 4 8.23% 6.82%
Semiconductor 72 23.01% 15.77%
Semiconductor Equip 41 26.22% 18.22%
Shipbuilding & Marine 9 10.30% 10.30%
Shoe 10 16.54% 16.43%
Software (Entertainment) 92 15.31% 12.53%
Software (Internet) 44 5.52% 5.26%
Software (System & Application) 355 13.47% 9.50%
Steel 37 27.10% 26.87%
Telecom (Wireless) 21 27.69% 27.39%
Telecom. Equipment 98 2.24% 2.11%
Telecom. Services 67 36.99% 35.90%
Tobacco 17 -2.52% -2.52%
Transportation 19 45.36% 45.22%
Transportation (Railroads) 10 51.74% 51.74%
Trucking 28 29.77% 29.77%
Utility (General) 18 12.17% 12.17%
Utility (Water) 19 9.40% 9.39%
Total Market  7209 15.57% 14.09%
Total Market (without financials) 6004 16.88% 14.78%

Last updated January 2019
By Aswath Damodaran