Date updated:

Created by:
What is this data?
Home Page:
Data website:
Companies in each industry:
Variable definitions:
Industry
Advertising
Aerospace/Defense
Air Transport
Apparel
Auto & Truck
Auto Parts
Bank (Money Center)
Banks (Regional)
Beverage (Alcoholic)
Beverage (Soft)
Broadcasting
Brokerage & Investment Banking
Building Materials
Business & Consumer Services
Cable TV
Chemical (Basic)
Chemical (Diversified)
Chemical (Specialty)
Coal & Related Energy
Computer Services
Computers/Peripherals
Construction Supplies
Diversified
Drugs (Biotechnology)
Drugs (Pharmaceutical)
Education
Electrical Equipment
Electronics (Consumer & Office)
Electronics (General)
Engineering/Construction
Entertainment
Environmental & Waste Services
Farming/Agriculture
Financial Svcs. (Non-bank & Insu
Food Processing
Food Wholesalers
Furn/Home Furnishings
Green & Renewable Energy
Healthcare Products

5-Jan-15
Aswath Damodaran, adamodar@stern.nyu.edu
Beta, Unlevered beta and other risk measUS companies
http://www.damodaran.com
http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html
http://www.stern.nyu.edu/~adamodar/pc/datasets/indname.xls
http://www.stern.nyu.edu/~adamodar/New_Home_Page/datafile/variable.htm
Number of
firms
52
93
22
64
22
75
13
676
22
46
28
46
39
177
18
46
10
103
42
119
64
55
23
400
151
42
126
28
189
56
84
103
37
288
96
14
27
26
261

Beta
1.18
1.16
0.98
0.99
1.09
1.35
0.81
0.53
1.06
1.14
1.30
1.16
1.12
1.19
0.91
0.94
1.17
1.03
1.64
1.16
1.21
1.60
1.00
1.10
1.03
1.13
1.24
1.37
1.03
1.31
1.21
1.28
0.84
0.67
0.99
1.41
1.09
1.32
0.99

D/E Ratio
50.62%
18.96%
81.51%
20.73%
105.95%
28.64%
218.66%
77.69%
21.88%
23.04%
71.06%
303.54%
32.23%
30.41%
44.80%
40.31%
33.20%
21.36%
110.41%
27.56%
9.47%
45.39%
60.89%
8.48%
13.42%
39.42%
16.86%
4.43%
14.69%
27.31%
27.52%
40.58%
60.46%
1206.66%
27.21%
17.10%
26.61%
109.96%
15.67%

Tax rate
4.13%
14.87%
18.71%
11.16%
4.45%
11.05%
26.43%
20.66%
8.54%
5.55%
18.34%
13.99%
17.45%
13.30%
21.18%
10.88%
22.47%
11.16%
0.99%
10.48%
7.35%
16.28%
13.96%
1.48%
4.58%
12.18%
5.99%
4.50%
8.64%
14.18%
4.11%
6.31%
9.36%
18.49%
13.70%
13.47%
14.48%
1.94%
6.73%

Unlevered
beta
0.80
1.00
0.59
0.84
0.54
1.07
0.31
0.33
0.88
0.93
0.82
0.32
0.88
0.94
0.67
0.69
0.93
0.86
0.78
0.93
1.11
1.16
0.66
1.02
0.91
0.84
1.07
1.32
0.91
1.06
0.95
0.93
0.54
0.06
0.80
1.23
0.89
0.63
0.86

Cash/Firm value

Unlevered beta corrected for cash

HiLo Risk

Standard
deviation of
equity

3.77%
5.61%
3.63%
2.52%
7.78%
6.06%
8.41%
12.56%
1.66%
4.23%
1.58%
21.95%
5.00%
5.17%
2.98%
8.61%
5.52%
5.54%
5.70%
5.64%
5.03%
4.99%
6.32%
4.02%
4.08%
11.55%
6.52%
4.51%
10.67%
11.07%
3.26%
1.17%
5.94%
2.51%
2.28%
2.10%
3.65%
6.10%
4.54%

0.83
1.06
0.61
0.86
0.59
1.14
0.34
0.37
0.89
0.98
0.83
0.41
0.93
1.00
0.70
0.75
0.99
0.91
0.83
0.99
1.17
1.22
0.70
1.06
0.95
0.95
1.14
1.38
1.01
1.19
0.99
0.94
0.58
0.06
0.82
1.26
0.92
0.68
0.90

0.6900
0.4353
0.4971
0.5106
0.6152
0.4917
0.1480
0.1969
0.5838
0.6977
0.4053
0.4180
0.3410
0.5382
0.3746
0.5541
0.3198
0.4312
0.6123
0.5193
0.4644
0.3884
0.3898
0.5719
0.5615
0.5092
0.5870
0.6108
0.4862
0.5367
0.6339
0.6112
0.5378
0.2987
0.4540
0.5645
0.4335
0.7017
0.5028

51.52%
50.15%
53.32%
56.24%
43.52%
53.89%
39.98%
37.41%
55.14%
61.94%
62.12%
44.77%
43.52%
52.77%
52.83%
50.32%
41.14%
51.80%
74.62%
59.41%
66.35%
47.26%
32.85%
93.06%
75.04%
70.19%
65.34%
56.16%
69.01%
47.91%
58.48%
65.61%
41.59%
38.80%
42.05%
35.73%
54.24%
53.18%
64.48%

Number of
Industry
firms
Healthcare Support Services
138
Heathcare Information and Techn
127
Homebuilding
35
Hospitals/Healthcare Facilities
56
Hotel/Gaming
80
Household Products
135
Information Services
67
Insurance (General)
24
Insurance (Life)
25
Insurance (Prop/Cas.)
52
Investments & Asset Managemen
148
Machinery
137
Metals & Mining
124
Office Equipment & Services
25
Oil/Gas (Integrated)
8
Oil/Gas (Production and Explorati
392
Oil/Gas Distribution
85
Oilfield Svcs/Equip.
161
Packaging & Container
26
Paper/Forest Products
22
Power
82
Precious Metals
147
Publshing & Newspapers
43
R.E.I.T.
213
Real Estate (Development)
18
Real Estate (General/Diversified)
11
Real Estate (Operations & Servic
52
Recreation
68
Reinsurance
4
Restaurant/Dining
79
Retail (Automotive)
30
Retail (Building Supply)
5
Retail (Distributors)
90
Retail (General)
23
Retail (Grocery and Food)
21
Retail (Online)
46
Retail (Special Lines)
128
Rubber& Tires
4
Semiconductor
100
Semiconductor Equip
47
Shipbuilding & Marine
14
Shoe
13
Software (Entertainment)
20
Software (Internet)
327
Software (System & Application)
259
Steel
40
Telecom (Wireless)
21

Beta
1.05
0.95
1.29
0.97
1.18
1.03
1.11
1.03
1.04
0.83
1.10
1.23
1.28
1.34
0.81
1.27
0.96
1.54
0.95
0.84
0.83
1.29
1.15
0.79
1.02
1.82
1.30
1.21
1.35
0.89
1.18
1.44
1.12
1.03
1.05
1.40
1.07
1.02
1.21
1.23
1.36
0.84
1.12
1.29
1.10
1.31
1.15

D/E Ratio
26.66%
19.75%
60.76%
75.58%
54.64%
18.89%
13.31%
43.04%
71.23%
32.90%
74.07%
20.43%
50.69%
51.88%
11.06%
48.18%
47.75%
27.63%
48.60%
51.02%
75.74%
40.80%
47.39%
88.52%
45.42%
27.56%
57.34%
31.64%
37.59%
27.87%
50.19%
19.46%
48.00%
31.37%
56.14%
7.52%
41.45%
87.74%
10.75%
17.63%
53.62%
7.34%
17.30%
5.59%
9.70%
64.03%
154.38%

Tax rate
13.27%
6.35%
18.11%
10.93%
11.41%
10.46%
17.93%
19.21%
24.30%
22.18%
6.84%
15.64%
1.80%
18.65%
14.56%
7.04%
4.68%
10.99%
18.18%
11.54%
20.77%
1.33%
14.93%
1.24%
7.21%
9.39%
8.63%
11.25%
15.53%
15.14%
18.76%
30.64%
16.84%
21.36%
22.94%
9.38%
20.44%
13.58%
10.11%
6.88%
6.75%
20.15%
1.46%
5.07%
6.86%
13.99%
5.76%

Unlevered
beta
0.86
0.80
0.86
0.58
0.80
0.88
1.01
0.76
0.68
0.66
0.65
1.05
0.86
0.94
0.74
0.87
0.66
1.24
0.68
0.58
0.52
0.92
0.82
0.42
0.72
1.46
0.85
0.95
1.02
0.72
0.83
1.27
0.80
0.83
0.73
1.31
0.81
0.58
1.11
1.06
0.91
0.80
0.95
1.22
1.01
0.85
0.47

Cash/Firm value

Unlevered beta corrected for cash

HiLo Risk

Standard
deviation of
equity

5.72%
4.16%
6.66%
1.28%
3.95%
3.40%
3.77%
4.99%
10.21%
4.74%
10.82%
5.94%
5.52%
5.51%
3.43%
4.30%
0.96%
6.07%
2.50%
3.25%
1.93%
11.87%
7.41%
1.69%
12.23%
1.32%
4.50%
4.09%
9.16%
2.35%
1.34%
1.52%
1.78%
2.68%
2.08%
6.18%
4.50%
11.24%
5.22%
9.76%
3.49%
3.53%
15.83%
5.58%
4.58%
6.31%
7.90%

0.91
0.84
0.92
0.59
0.83
0.91
1.04
0.80
0.75
0.69
0.73
1.11
0.91
1.00
0.76
0.91
0.67
1.32
0.70
0.59
0.53
1.05
0.88
0.43
0.82
1.47
0.89
0.99
1.12
0.74
0.85
1.29
0.81
0.85
0.75
1.39
0.85
0.65
1.17
1.17
0.94
0.82
1.13
1.29
1.06
0.90
0.51

0.5200
0.5306
0.3704
0.3416
0.4525
0.5794
0.3610
0.2812
0.1725
0.2422
0.4238
0.4598
0.7351
0.3942
0.4107
0.6440
0.3010
0.5574
0.3367
0.4571
0.3032
0.7545
0.3531
0.1767
0.6338
0.4916
0.5133
0.5114
0.4123
0.3574
0.4353
0.3399
0.4701
0.3159
0.4125
0.5190
0.4280
0.3456
0.4111
0.3887
0.4613
0.4250
0.6514
0.6319
0.5374
0.3778
0.5844

46.72%
70.49%
53.78%
43.11%
49.55%
61.63%
42.71%
35.35%
34.48%
36.73%
41.63%
46.22%
74.49%
49.87%
33.56%
71.93%
43.15%
65.23%
31.06%
44.94%
29.70%
93.69%
50.42%
31.55%
43.65%
45.97%
50.05%
50.41%
21.20%
44.43%
48.06%
50.71%
52.06%
46.36%
51.83%
70.16%
51.42%
49.54%
57.12%
60.18%
71.45%
40.80%
69.84%
72.48%
61.85%
52.45%
53.05%

Industry
Telecom. Equipment
Telecom. Services
Tobacco
Transportation
Transportation (Railroads)
Trucking
Unclassified
Utility (General)
Utility (Water)
Total Market

Number of
firms
126
77
20
21
10
30
8
21
19
7887

Beta
1.24
1.07
1.09
0.86
1.05
1.32
0.10
0.59
1.09
1.06

D/E Ratio
11.72%
65.43%
19.75%
21.03%
20.21%
66.66%
26.26%
61.30%
50.17%
66.14%

Tax rate
8.70%
11.83%
12.39%
20.08%
21.30%
27.38%
3.93%
30.59%
15.10%
10.76%

Unlevered
beta
1.12
0.68
0.93
0.73
0.90
0.89
0.08
0.42
0.76
0.67

Cash/Firm value

Unlevered beta corrected for cash

HiLo Risk

Standard
deviation of
equity

6.22%
1.96%
2.06%
4.11%
1.76%
2.72%
38.92%
0.84%
0.66%
4.95%

1.20
0.69
0.94
0.77
0.92
0.92
0.14
0.42
0.77
0.70

0.4811
0.5288
0.6449
0.3829
0.3456
0.3604
0.6038
0.1577
0.3330
0.4697

62.74%
55.60%
41.74%
42.36%
30.73%
48.49%
NA
23.02%
38.21%
53.60%