Total
Betas by Sector (for computing private company costs of equity)Data Used: Value Line database, of 6177firms
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 | Unlevered Beta corrected for cash | Correlation with market | Total Beta (Unlevered) |
| Advertising | 32 | 1.44 | 55.56% | 2.59 |
| Aerospace/Defense | 66 | 0.92 | 56.22% | 1.63 |
| Air Transport | 36 | 0.82 | 53.08% | 1.54 |
| Apparel | 54 | 1.29 | 52.52% | 2.46 |
| Auto Parts | 54 | 1.66 | 62.38% | 2.66 |
| Automotive | 12 | 1.11 | 59.83% | 1.86 |
| Bank | 416 | 0.45 | 47.24% | 0.94 |
| Bank (Midwest) | 68 | 0.76 | 62.64% | 1.21 |
| Beverage | 35 | 0.84 | 48.81% | 1.72 |
| Biotechnology | 214 | 1.30 | 46.73% | 2.78 |
| Building Materials | 43 | 1.05 | 60.71% | 1.73 |
| Cable TV | 20 | 0.96 | 61.77% | 1.55 |
| Chemical (Basic) | 18 | 1.24 | 74.13% | 1.68 |
| Chemical (Diversified) | 33 | 1.47 | 67.47% | 2.18 |
| Chemical (Specialty) | 70 | 1.05 | 48.11% | 2.18 |
| Coal | 20 | 0.99 | 73.96% | 1.34 |
| Computer Software | 191 | 1.11 | 49.73% | 2.22 |
| Computers/Peripherals | 81 | 1.39 | 50.37% | 2.76 |
| Diversified Co. | 113 | 0.86 | 54.53% | 1.57 |
| Drug | 223 | 1.03 | 41.79% | 2.46 |
| E-Commerce | 64 | 1.09 | 46.96% | 2.33 |
| Educational Services | 33 | 1.09 | 53.41% | 2.04 |
| Electric Util. (Central) | 20 | 0.36 | 61.34% | 0.59 |
| Electric Utility (East) | 17 | 0.30 | 54.80% | 0.55 |
| Electric Utility (West) | 15 | 0.38 | 67.53% | 0.56 |
| Electrical Equipment | 64 | 1.45 | 56.45% | 2.57 |
| Electronics | 123 | 1.17 | 45.84% | 2.54 |
| Engineering & Const | 30 | 1.40 | 65.58% | 2.13 |
| Entertainment | 76 | 1.31 | 54.53% | 2.41 |
| Entertainment Tech | 42 | 1.33 | 64.78% | 2.05 |
| Environmental | 84 | 0.49 | 32.14% | 1.52 |
| Financial Svcs. (Div.) | 256 | 0.56 | 56.41% | 1.00 |
| Food Processing | 119 | 0.77 | 48.16% | 1.59 |
| Foreign Electronics | 10 | 1.12 | 72.06% | 1.55 |
| Funeral Services | 6 | 0.85 | 73.76% | 1.16 |
| Furn/Home Furnishings | 32 | 1.47 | 64.77% | 2.27 |
| Healthcare Information | 20 | 0.98 | 53.55% | 1.84 |
| Heavy Truck & Equip | 23 | 1.45 | 74.24% | 1.96 |
| Homebuilding | 22 | 1.25 | 71.58% | 1.74 |
| Hotel/Gaming | 57 | 1.29 | 59.69% | 2.16 |
| Household Products | 27 | 0.88 | 51.69% | 1.71 |
| Human Resources | 25 | 1.46 | 69.74% | 2.09 |
| Industrial Services | 136 | 0.83 | 50.33% | 1.64 |
| Information Services | 28 | 1.05 | 59.24% | 1.77 |
| Insurance (Life) | 32 | 1.41 | 63.29% | 2.22 |
| Insurance (Prop/Cas.) | 62 | 0.90 | 66.43% | 1.36 |
| Internet | 194 | 1.31 | 43.16% | 3.02 |
| Investment Companies | 31 | 1.21 | 76.16% | 1.59 |
| IT Services | 63 | 1.11 | 63.89% | 1.74 |
| Machinery | 94 | 1.18 | 60.61% | 1.95 |
| Maritime | 51 | 0.60 | 70.08% | 0.86 |
| Med Supp Invasive | 87 | 0.82 | 52.18% | 1.57 |
| Med Supp Non-Invasive | 143 | 1.10 | 48.62% | 2.27 |
| Medical Services | 118 | 0.66 | 51.13% | 1.30 |
| Metal Fabricating | 25 | 1.56 | 55.26% | 2.83 |
| Metals & Mining (Div.) | 77 | 1.54 | 52.69% | 2.92 |
| Natural Gas (Div.) | 31 | 1.01 | 67.38% | 1.50 |
| Natural Gas Utility | 27 | 0.32 | 60.99% | 0.52 |
| Newspaper | 14 | 1.50 | 59.23% | 2.53 |
| Office Equip/Supplies | 22 | 1.05 | 54.87% | 1.92 |
| Oil/Gas Distribution | 12 | 0.72 | 62.27% | 1.15 |
| Oilfield Svcs/Equip. | 81 | 1.45 | 69.78% | 2.07 |
| Packaging & Container | 27 | 0.88 | 70.69% | 1.25 |
| Paper/Forest Products | 32 | 1.07 | 69.45% | 1.55 |
| Petroleum (Integrated) | 26 | 1.10 | 76.35% | 1.44 |
| Petroleum (Producing) | 176 | 1.21 | 59.47% | 2.03 |
| Pharmacy Services | 18 | 1.07 | 56.60% | 1.90 |
| Pipeline MLPs | 53 | 0.52 | 68.53% | 0.76 |
| Power | 101 | 0.58 | 46.74% | 1.24 |
| Precious Metals | 83 | 1.00 | 40.86% | 2.45 |
| Precision Instrument | 82 | 1.21 | 56.52% | 2.14 |
| Property Management | 31 | 0.73 | 55.21% | 1.32 |
| Public/Private Equity | 12 | 1.94 | 76.33% | 2.54 |
| Publishing | 29 | 0.96 | 53.23% | 1.81 |
| R.E.I.T. | 127 | 1.12 | 68.26% | 1.64 |
| Railroad | 12 | 1.15 | 73.86% | 1.55 |
| Recreation | 51 | 1.18 | 62.17% | 1.90 |
| Reinsurance | 11 | 0.91 | 74.50% | 1.23 |
| Restaurant | 65 | 1.08 | 57.17% | 1.90 |
| Retail (Hardlines) | 79 | 1.65 | 61.19% | 2.70 |
| Retail (Softlines) | 42 | 1.51 | 70.74% | 2.13 |
| Retail Automotive | 19 | 1.10 | 60.70% | 1.81 |
| Retail Building Supply | 10 | 1.04 | 77.71% | 1.34 |
| Retail Store | 38 | 1.14 | 58.17% | 1.96 |
| Retail/Wholesale Food | 30 | 0.58 | 59.88% | 0.96 |
| Securities Brokerage | 27 | 0.66 | 62.56% | 1.06 |
| Semiconductor | 142 | 1.60 | 64.50% | 2.48 |
| Semiconductor Equip | 10 | 2.01 | 75.69% | 2.65 |
| Shoe | 17 | 1.37 | 55.90% | 2.44 |
| Steel | 33 | 1.27 | 68.63% | 1.85 |
| Telecom. Equipment | 105 | 1.37 | 53.86% | 2.55 |
| Telecom. Services | 76 | 1.00 | 50.65% | 1.97 |
| Telecom. Utility | 23 | 0.53 | 60.32% | 0.88 |
| Thrift | 170 | 0.78 | 40.35% | 1.92 |
| Tobacco | 11 | 0.79 | 63.99% | 1.23 |
| Toiletries/Cosmetics | 14 | 1.09 | 59.40% | 1.83 |
| Trucking | 34 | 0.87 | 70.31% | 1.24 |
| Water Utility | 11 | 0.33 | 63.77% | 0.52 |
| Wireless Networking | 58 | 1.17 | 57.91% | 2.02 |
| Total Market | 6177 | 1.17 | 54.97% | 2.12 |