| Industry Name |
Number of firms |
Beta |
D/E Ratio |
Effective Tax rate |
Unlevered beta |
Cash/Firm value |
Unlevered beta corrected for cash |
HiLo Risk |
Standard deviation of equity |
Standard deviation in operating income (last 10
years) |
| Advertising |
54 |
1.34 |
26.20% |
7.67% |
1.12 |
6.56% |
1.20 |
0.6098 |
67.19% |
12.10% |
| Aerospace/Defense |
67 |
0.90 |
22.79% |
11.02% |
0.77 |
3.87% |
0.80 |
0.4341 |
42.74% |
23.92% |
| Air Transport |
24 |
1.24 |
106.83% |
10.15% |
0.69 |
10.28% |
0.76 |
0.5255 |
65.27% |
204.02% |
| Apparel |
37 |
0.99 |
45.89% |
8.08% |
0.74 |
10.86% |
0.83 |
0.4841 |
50.93% |
24.49% |
| Auto & Truck |
34 |
1.62 |
22.40% |
2.11% |
1.39 |
3.51% |
1.43 |
0.6646 |
77.59% |
46.93% |
| Auto
Parts |
33 |
1.23 |
47.83% |
12.77% |
0.91 |
8.61% |
0.99 |
0.3843 |
52.62% |
20.56% |
| Bank (Money Center) |
15 |
0.88 |
183.19% |
18.10% |
0.37 |
29.77% |
0.53 |
0.2337 |
30.47% |
NA |
| Banks
(Regional) |
591 |
0.52 |
60.32% |
16.84% |
0.36 |
24.75% |
0.48 |
0.2078 |
29.96% |
265.19% |
| Beverage (Alcoholic) |
18 |
0.61 |
30.47% |
8.28% |
0.50 |
1.86% |
0.51 |
0.5509 |
63.08% |
21.67% |
| Beverage
(Soft) |
29 |
0.57 |
19.73% |
6.94% |
0.50 |
3.57% |
0.51 |
0.6427 |
47.67% |
15.38% |
| Broadcasting |
22 |
0.92 |
149.56% |
10.74% |
0.43 |
9.47% |
0.48 |
0.5390 |
52.60% |
28.23% |
| Brokerage
& Investment Banking |
30 |
0.95 |
186.59% |
14.42% |
0.40 |
15.59% |
0.47 |
0.3990 |
40.49% |
57.36% |
| Building Materials |
39 |
1.36 |
18.97% |
19.11% |
1.19 |
3.57% |
1.23 |
0.3033 |
34.75% |
46.33% |
| Business
& Consumer Services |
152 |
1.00 |
16.78% |
12.48% |
0.89 |
3.27% |
0.92 |
0.4832 |
45.39% |
26.12% |
| Cable TV |
9 |
0.96 |
126.35% |
10.47% |
0.49 |
2.19% |
0.50 |
0.4196 |
49.73% |
28.09% |
| Chemical
(Basic) |
31 |
1.15 |
58.25% |
7.97% |
0.80 |
7.16% |
0.86 |
0.5490 |
50.02% |
38.53% |
| Chemical (Diversified) |
4 |
0.99 |
113.12% |
0.00% |
0.54 |
7.34% |
0.58 |
0.2709 |
46.97% |
38.49% |
| Chemical
(Specialty) |
60 |
0.92 |
27.12% |
9.99% |
0.76 |
3.58% |
0.79 |
0.4247 |
48.15% |
18.52% |
| Coal & Related Energy |
16 |
1.18 |
9.47% |
2.77% |
1.10 |
12.87% |
1.27 |
0.4805 |
53.78% |
245.43% |
| Computer
Services |
63 |
1.23 |
26.33% |
10.78% |
1.03 |
5.58% |
1.09 |
0.5269 |
44.40% |
22.99% |
| Computers/Peripherals |
35 |
1.14 |
4.82% |
8.99% |
1.10 |
1.42% |
1.12 |
0.4501 |
52.62% |
29.18% |
| Construction
Supplies |
46 |
1.29 |
21.56% |
13.55% |
1.11 |
3.40% |
1.15 |
0.4555 |
47.52% |
35.39% |
| Diversified |
21 |
1.09 |
16.09% |
5.01% |
0.97 |
4.08% |
1.01 |
0.5726 |
59.35% |
73.55% |
| Drugs
(Biotechnology) |
535 |
1.25 |
17.09% |
1.05% |
1.11 |
5.07% |
1.17 |
0.6315 |
86.83% |
39.35% |
| Drugs (Pharmaceutical) |
231 |
1.07 |
16.89% |
2.58% |
0.95 |
3.08% |
0.98 |
0.6501 |
80.05% |
25.33% |
| Education |
29 |
0.98 |
19.44% |
11.89% |
0.86 |
6.95% |
0.92 |
0.5231 |
55.82% |
15.92% |
| Electrical Equipment |
101 |
1.27 |
14.84% |
5.14% |
1.14 |
4.87% |
1.20 |
0.6052 |
72.12% |
15.35% |
| Electronics
(Consumer & Office) |
11 |
0.92 |
13.31% |
0.00% |
0.84 |
12.32% |
0.95 |
0.6540 |
73.20% |
1011.22% |
| Electronics (General) |
122 |
1.06 |
14.42% |
6.59% |
0.96 |
5.57% |
1.01 |
0.5014 |
61.61% |
26.37% |
| Engineering/Construction |
42 |
0.99 |
17.92% |
14.71% |
0.87 |
5.05% |
0.92 |
0.4576 |
47.33% |
27.96% |
| Entertainment |
96 |
1.04 |
20.34% |
2.06% |
0.90 |
3.67% |
0.94 |
0.6256 |
62.70% |
30.41% |
| Environmental
& Waste Services |
50 |
0.92 |
19.32% |
6.84% |
0.80 |
1.41% |
0.82 |
0.5672 |
54.48% |
31.77% |
| Farming/Agriculture |
35 |
0.98 |
53.33% |
8.89% |
0.70 |
4.11% |
0.73 |
0.5104 |
69.59% |
50.76% |
| Financial
Svcs. (Non-bank & Insurance) |
166 |
1.07 |
286.66% |
11.81% |
0.34 |
2.79% |
0.35 |
0.3957 |
41.96% |
34.87% |
| Food Processing |
77 |
0.47 |
36.52% |
10.12% |
0.37 |
2.74% |
0.38 |
0.4525 |
46.27% |
10.04% |
| Food
Wholesalers |
14 |
0.72 |
43.28% |
15.53% |
0.54 |
1.39% |
0.55 |
0.3446 |
39.17% |
33.58% |
| Furn/Home Furnishings |
28 |
0.87 |
41.93% |
11.61% |
0.66 |
4.52% |
0.69 |
0.4093 |
54.80% |
22.10% |
| Green
& Renewable Energy |
18 |
1.13 |
176.18% |
1.22% |
0.49 |
2.71% |
0.50 |
0.6739 |
71.93% |
41.18% |
| Healthcare Products |
218 |
1.01 |
12.79% |
4.10% |
0.92 |
3.38% |
0.96 |
0.5519 |
67.41% |
32.72% |
| Healthcare
Support Services |
113 |
0.94 |
32.20% |
8.80% |
0.76 |
7.02% |
0.82 |
0.5578 |
54.00% |
26.43% |
| Heathcare Information and Technology |
116 |
1.22 |
16.20% |
3.82% |
1.09 |
2.93% |
1.12 |
0.5497 |
64.54% |
44.24% |
| Homebuilding |
30 |
1.43 |
17.50% |
17.73% |
1.26 |
8.31% |
1.38 |
0.3436 |
41.43% |
67.64% |
| Hospitals/Healthcare Facilities |
33 |
0.86 |
77.15% |
9.05% |
0.54 |
3.95% |
0.57 |
0.5355 |
50.81% |
18.23% |
| Hotel/Gaming |
65 |
1.19 |
43.21% |
10.65% |
0.90 |
5.17% |
0.95 |
0.4344 |
45.10% |
101.92% |
| Household Products |
101 |
0.90 |
15.22% |
8.00% |
0.81 |
3.07% |
0.83 |
0.6304 |
56.67% |
11.91% |
| Information
Services |
16 |
0.98 |
35.37% |
15.37% |
0.77 |
3.12% |
0.80 |
0.4241 |
39.66% |
44.39% |
| Insurance (General) |
22 |
0.76 |
17.35% |
8.78% |
0.67 |
2.45% |
0.69 |
0.3637 |
51.01% |
52.59% |
| Insurance
(Life) |
19 |
0.73 |
62.73% |
14.51% |
0.50 |
19.81% |
0.62 |
0.2558 |
34.31% |
28.77% |
| Insurance (Prop/Cas.) |
53 |
0.61 |
15.46% |
16.05% |
0.55 |
4.62% |
0.57 |
0.2914 |
33.69% |
29.88% |
| Investments
& Asset Management |
231 |
0.57 |
35.04% |
6.19% |
0.45 |
10.06% |
0.50 |
0.2668 |
22.94% |
19.98% |
| Machinery |
109 |
1.07 |
15.70% |
11.22% |
0.96 |
2.92% |
0.98 |
0.4267 |
46.07% |
20.52% |
| Metals
& Mining |
64 |
1.02 |
16.76% |
1.80% |
0.91 |
5.56% |
0.96 |
0.6103 |
72.37% |
53.55% |
| Office Equipment & Services |
14 |
1.20 |
46.51% |
13.45% |
0.89 |
7.65% |
0.96 |
0.3777 |
49.89% |
17.10% |
| Oil/Gas
(Integrated) |
4 |
0.48 |
13.71% |
25.23% |
0.44 |
3.77% |
0.46 |
0.1820 |
25.56% |
107.91% |
| Oil/Gas (Production and
Exploration) |
147 |
0.88 |
26.65% |
7.10% |
0.73 |
3.25% |
0.75 |
0.4581 |
47.66% |
200.53% |
| Oil/Gas
Distribution |
24 |
0.75 |
51.54% |
12.48% |
0.54 |
1.17% |
0.55 |
0.4258 |
38.17% |
60.13% |
| Oilfield Svcs/Equip. |
97 |
0.94 |
38.52% |
9.08% |
0.73 |
6.47% |
0.78 |
0.4582 |
49.49% |
81.77% |
| Packaging
& Container |
22 |
0.98 |
52.91% |
14.29% |
0.70 |
5.33% |
0.74 |
0.2703 |
33.98% |
12.29% |
| Paper/Forest Products |
6 |
1.07 |
22.57% |
23.69% |
0.92 |
4.41% |
0.96 |
0.3677 |
60.66% |
80.73% |
| Power |
48 |
0.54 |
80.34% |
12.11% |
0.34 |
1.25% |
0.34 |
0.2644 |
27.31% |
10.88% |
| Precious Metals |
60 |
1.23 |
18.90% |
1.99% |
1.08 |
6.06% |
1.15 |
0.7072 |
70.97% |
55.01% |
| Publishing
& Newspapers |
19 |
0.64 |
28.69% |
9.76% |
0.53 |
5.90% |
0.56 |
0.3281 |
41.00% |
12.56% |
| R.E.I.T. |
192 |
0.95 |
83.49% |
1.80% |
0.58 |
2.01% |
0.59 |
0.2572 |
32.08% |
23.21% |
| Real
Estate (Development) |
15 |
1.03 |
108.71% |
2.49% |
0.57 |
8.08% |
0.62 |
0.4780 |
49.68% |
68.02% |
| Real Estate
(General/Diversified) |
11 |
0.86 |
41.94% |
5.45% |
0.65 |
10.76% |
0.74 |
0.4624 |
26.53% |
88.83% |
| Real
Estate (Operations & Services) |
60 |
1.08 |
28.79% |
4.26% |
0.89 |
7.08% |
0.95 |
0.5104 |
56.53% |
26.71% |
| Recreation |
50 |
1.33 |
65.10% |
7.33% |
0.89 |
4.43% |
0.93 |
0.4857 |
53.06% |
24.96% |
| Reinsurance |
1 |
0.54 |
36.58% |
20.13% |
0.42 |
27.03% |
0.58 |
0.1814 |
19.87% |
22.03% |
| Restaurant/Dining |
62 |
1.01 |
23.14% |
8.84% |
0.86 |
1.73% |
0.87 |
0.4154 |
41.50% |
21.19% |
| Retail
(Automotive) |
29 |
1.35 |
50.40% |
12.12% |
0.98 |
0.99% |
0.99 |
0.4338 |
47.39% |
31.13% |
| Retail (Building Supply) |
13 |
1.79 |
20.19% |
13.66% |
1.55 |
1.11% |
1.57 |
0.3394 |
52.13% |
32.29% |
| Retail
(Distributors) |
66 |
1.12 |
31.27% |
13.50% |
0.91 |
2.22% |
0.93 |
0.4577 |
43.89% |
40.27% |
| Retail (General) |
24 |
1.06 |
8.73% |
16.75% |
0.99 |
2.83% |
1.03 |
0.3721 |
46.69% |
25.81% |
| Retail
(Grocery and Food) |
17 |
0.58 |
52.26% |
13.28% |
0.42 |
10.74% |
0.47 |
0.5043 |
27.13% |
32.34% |
| Retail (REITs) |
28 |
0.95 |
54.77% |
1.19% |
0.67 |
2.08% |
0.69 |
0.2665 |
23.56% |
13.96% |
| Retail
(Special Lines) |
98 |
1.22 |
28.93% |
8.23% |
1.00 |
5.05% |
1.06 |
0.5509 |
57.00% |
20.63% |
| Rubber& Tires |
3 |
0.65 |
387.13% |
0.00% |
0.17 |
7.16% |
0.18 |
0.4821 |
72.04% |
58.85% |
| Semiconductor |
63 |
1.49 |
3.89% |
4.19% |
1.45 |
1.13% |
1.46 |
0.4968 |
56.05% |
30.61% |
| Semiconductor Equip |
30 |
1.48 |
8.18% |
9.95% |
1.39 |
5.11% |
1.47 |
0.3470 |
51.09% |
56.83% |
| Shipbuilding
& Marine |
8 |
0.58 |
19.11% |
5.78% |
0.51 |
3.60% |
0.52 |
0.4189 |
45.19% |
74.29% |
| Shoe |
12 |
1.42 |
10.25% |
11.06% |
1.32 |
6.11% |
1.41 |
0.4627 |
51.75% |
27.69% |
| Software
(Entertainment) |
81 |
1.18 |
2.49% |
6.73% |
1.16 |
1.88% |
1.18 |
0.5913 |
66.63% |
58.90% |
| Software (Internet) |
29 |
1.69 |
11.54% |
2.18% |
1.56 |
2.88% |
1.60 |
0.5403 |
55.62% |
300.90% |
| Software
(System & Application) |
333 |
1.24 |
4.90% |
4.44% |
1.20 |
1.74% |
1.22 |
0.5686 |
63.63% |
43.08% |
| Steel |
27 |
1.06 |
25.90% |
11.76% |
0.89 |
7.94% |
0.96 |
0.3582 |
46.79% |
101.97% |
| Telecom
(Wireless) |
11 |
0.77 |
47.61% |
14.90% |
0.57 |
2.73% |
0.59 |
0.5664 |
66.73% |
66.40% |
| Telecom. Equipment |
61 |
1.00 |
12.80% |
4.35% |
0.91 |
3.83% |
0.95 |
0.5385 |
56.09% |
12.58% |
| Telecom.
Services |
32 |
0.89 |
100.17% |
3.65% |
0.51 |
1.77% |
0.52 |
0.5682 |
63.71% |
15.70% |
| Tobacco |
12 |
0.98 |
27.96% |
12.50% |
0.81 |
1.81% |
0.83 |
0.5533 |
68.34% |
9.63% |
| Transportation |
21 |
1.03 |
38.71% |
11.90% |
0.80 |
4.38% |
0.83 |
0.4820 |
51.68% |
54.97% |
| Transportation (Railroads) |
4 |
0.99 |
28.39% |
17.14% |
0.82 |
1.10% |
0.83 |
0.2148 |
26.56% |
13.05% |
| Trucking |
24 |
1.10 |
22.92% |
18.60% |
0.94 |
2.27% |
0.96 |
0.3515 |
32.18% |
37.00% |
| Utility (General) |
14 |
0.39 |
78.06% |
10.65% |
0.25 |
0.81% |
0.25 |
0.1566 |
18.21% |
12.80% |
| Utility
(Water) |
15 |
0.68 |
58.64% |
11.36% |
0.47 |
0.41% |
0.47 |
0.3517 |
52.53% |
16.71% |
| Total Market |
6062 |
1.00 |
39.18% |
8.03% |
0.77 |
5.11% |
0.82 |
0.4669 |
52.53% |
25.27% |
| Total
Market (without financials) |
4935 |
1.09 |
19.29% |
6.75% |
0.95 |
2.89% |
0.98 |
0.5139 |
57.40% |
25.78% |
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