Value 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 EV/EBITDA EV/EBIT EV/EBIT(1-t)
Advertising 32 7.77 10.40 14.93
Aerospace/Defense 66 7.42 9.15 13.11
Air Transport 36 6.00 9.32 11.92
Apparel 54 11.73 14.68 20.78
Auto Parts 54 6.40 8.92 11.54
Automotive 12 7.46 13.95 19.73
Bank 416 4.87 4.87 6.13
Bank (Midwest) 68 4.79 4.79 6.58
Beverage 35 12.74 15.58 20.60
Biotechnology 214 22.46 30.77 38.68
Building Materials 43 14.45 35.82 45.25
Cable TV 20 7.08 12.35 17.99
Chemical (Basic) 18 7.44 9.69 12.62
Chemical (Diversified) 33 8.53 11.11 14.97
Chemical (Specialty) 70 10.86 15.23 21.52
Coal 20 5.99 9.34 11.81
Computer Software 191 9.70 11.11 14.39
Computers/Peripherals 81 6.92 8.14 10.60
Diversified Co. 113 10.09 12.87 17.46
Drug 223 8.93 12.10 16.28
E-Commerce 64 32.19 61.51 108.89
Educational Services 33 2.41 2.91 4.39
Electric Util. (Central) 20 7.98 12.94 18.82
Electric Utility (East) 17 8.96 13.54 20.39
Electric Utility (West) 15 7.87 13.74 19.60
Electrical Equipment 64 8.57 10.80 14.67
Electronics 123 6.63 9.28 12.32
Engineering & Const 30 7.98 10.42 15.16
Entertainment 76 9.53 12.22 17.78
Entertainment Tech 42 7.97 10.37 12.28
Environmental 84 8.44 12.78 18.86
Financial Svcs. (Div.) 256 12.56 13.19 16.76
Food Processing 119 10.10 12.53 16.52
Foreign Electronics 10 4.44 11.52 16.62
Funeral Services 6 9.73 12.80 18.86
Furn/Home Furnishings 32 8.34 11.22 13.51
Healthcare Information 20 14.37 21.77 32.97
Heavy Truck & Equip 23 7.96 10.05 13.57
Homebuilding 22 21.15 23.16 24.92
Hotel/Gaming 57 10.68 15.66 19.52
Household Products 27 11.12 13.50 18.61
Human Resources 25 8.69 11.06 18.82
Industrial Services 136 8.87 12.52 18.43
Information Services 28 10.89 15.55 19.66
Insurance (Life) 32 1.37 1.37 1.73
Insurance (Prop/Cas.) 62 291.86 295.89 412.71
Internet 194 23.16 31.64 46.22
Investment Companies 31 15.67 18.19 22.03
IT Services 63 12.22 16.02 24.56
Machinery 94 9.93 12.94 17.66
Maritime 51 10.36 21.66 26.48
Med Supp Invasive 87 10.16 12.81 16.67
Med Supp Non-Invasive 143 9.78 12.07 16.37
Medical Services 118 6.02 7.32 11.14
Metal Fabricating 25 6.90 8.75 12.30
Metals & Mining (Div.) 77 5.27 6.24 8.58
Natural Gas (Div.) 31 5.41 10.26 16.86
Natural Gas Utility 27 9.89 14.20 20.48
Newspaper 14 8.72 12.77 17.50
Office Equip/Supplies 22 4.76 6.94 9.82
Oil/Gas Distribution 12 12.02 17.73 24.98
Oilfield Svcs/Equip. 81 7.98 12.13 16.71
Packaging & Container 27 7.57 11.20 15.10
Paper/Forest Products 32 7.22 11.38 14.05
Petroleum (Integrated) 26 4.39 5.81 9.65
Petroleum (Producing) 176 4.06 5.77 9.00
Pharmacy Services 18 9.57 11.98 18.99
Pipeline MLPs 53 13.43 18.87 19.56
Power 101 8.92 21.70 35.05
Precious Metals 83 7.17 9.30 13.16
Precision Instrument 82 14.89 26.86 40.08
Property Management 31 15.96 22.79 26.60
Public/Private Equity 12 10.30 10.45 12.60
Publishing 29 8.76 13.14 19.57
R.E.I.T. 127 7.25 8.11 8.33
Railroad 12 9.13 11.81 17.91
Recreation 51 9.89 14.69 17.97
Reinsurance 11 28.62 28.62 41.01
Restaurant 65 11.50 14.65 21.00
Retail (Hardlines) 79 7.65 10.61 15.31
Retail (Softlines) 42 9.02 12.12 19.57
Retail Automotive 19 11.03 13.74 21.12
Retail Building Supply 10 12.23 15.74 24.78
Retail Store 38 8.39 11.67 17.17
Retail/Wholesale Food 30 8.27 12.98 19.22
Securities Brokerage 27 8.79 9.85 13.62
Semiconductor 142 6.98 10.58 13.33
Semiconductor Equip 10 8.07 12.22 15.34
Shoe 17 14.09 16.98 26.07
Steel 33 5.63 8.89 12.08
Telecom. Equipment 105 6.74 8.51 11.08
Telecom. Services 76 5.39 9.47 12.62
Telecom. Utility 23 5.08 12.05 17.04
Thrift 170 4.08 4.08 5.23
Tobacco 11 9.48 10.30 15.14
Toiletries/Cosmetics 14 10.10 12.39 18.09
Trucking 34 6.19 10.96 16.69
Water Utility 11 11.20 16.62 23.91
Wireless Networking 58 10.48 16.83 20.65
Total Market 6177 7.37 9.59 13.22


Last Updated in January 2013
By Aswath Damodaran