Date updated:

5-Jan-16
Created by:
Aswath Damodaran, adamodar@stern.nyu.edu
What is this data?
Beta, Unlevered beta and other risk measures
US companies
Home Page:
http://www.damodaran.com
Data website:
http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html
Companies in each industry http://www.stern.nyu.edu/~adamodar/pc/datasets/indname.xls
Variable definitions:
http://www.stern.nyu.edu/~adamodar/New_Home_Page/datafile/variable.htm
Industry Name

Advertising
Aerospace/Defense
Air Transport
Apparel
Auto & Truck
Auto Parts
Bank (Money Center)
Banks (Regional)
Beverage (Alcoholic)
Beverage (Soft)
Broadcasting
Brokerage & Investment Banki
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 Service
Farming/Agriculture
Financial Svcs. (Non-bank & In
Food Processing
Food Wholesalers
Furn/Home Furnishings
Green & Renewable Energy
Healthcare Products

Number of firms

Beta

D/E Ratio

Tax rate

Unlevered beta

Cash/Firm value

Unlevered beta corrected for cash

44
92
20
63
19
65
9
644
22
43
29
42
39
159
19
42
9
104
38
118
64
52
26
411
157
40
120
25
167
51
84
97
37
272
89
14
30
28
254

1.08
1.33
1.27
1.06
0.96
1.29
1.11
0.51
0.94
1.15
1.29
1.35
1.18
1.19
1.23
1.17
1.55
1.25
1.49
1.17
1.33
1.65
1.01
1.28
1.02
1.05
1.15
1.23
1.03
1.32
1.21
1.10
1.25
0.65
0.89
0.73
1.23
1.62
1.03

56.26%
20.50%
69.78%
27.86%
128.04%
32.91%
216.41%
78.59%
18.25%
22.98%
94.73%
285.54%
33.15%
35.33%
49.61%
61.95%
38.27%
31.38%
312.08%
28.87%
18.65%
59.08%
55.72%
14.29%
13.01%
46.24%
21.91%
14.81%
19.79%
41.91%
29.94%
38.80%
75.73%
1338.71%
26.16%
24.97%
30.94%
132.92%
19.50%

3.90%
13.51%
18.34%
13.84%
8.01%
9.64%
25.82%
24.11%
11.28%
5.97%
21.20%
18.15%
22.43%
13.76%
17.19%
8.24%
18.35%
8.45%
0.95%
12.84%
5.48%
17.00%
15.20%
1.80%
3.90%
12.05%
6.58%
9.71%
9.47%
11.63%
3.25%
7.49%
9.28%
18.75%
14.09%
15.85%
15.53%
0.77%
6.42%

0.70
1.13
0.81
0.85
0.44
0.99
0.43
0.32
0.81
0.95
0.74
0.40
0.94
0.91
0.87
0.74
1.18
0.97
0.36
0.94
1.13
1.11
0.68
1.12
0.90
0.75
0.95
1.09
0.87
0.96
0.94
0.81
0.74
0.05
0.72
0.60
0.98
0.70
0.87

5.18%
5.53%
4.42%
3.43%
6.94%
8.65%
9.98%
11.86%
1.29%
4.20%
1.90%
11.33%
4.47%
4.04%
1.41%
7.73%
6.35%
4.49%
6.03%
6.44%
7.38%
6.14%
6.92%
5.92%
3.71%
12.90%
7.40%
6.76%
11.28%
9.84%
3.85%
1.09%
4.30%
2.25%
2.46%
1.25%
2.81%
16.85%
5.32%

0.74
1.20
0.85
0.88
0.47
1.08
0.47
0.36
0.82
0.99
0.75
0.46
0.98
0.95
0.89
0.81
1.27
1.01
0.39
1.00
1.22
1.18
0.74
1.19
0.94
0.86
1.03
1.16
0.98
1.07
0.98
0.82
0.77
0.06
0.74
0.61
1.00
0.84
0.92

Industry Name

Healthcare Support Services

Heathcare Information and Tec
Homebuilding
Hospitals/Healthcare Facilities
Hotel/Gaming
Household Products
Information Services
Insurance (General)
Insurance (Life)
Insurance (Prop/Cas.)
Investments & Asset Managem
Machinery
Metals & Mining
Office Equipment & Services
Oil/Gas (Integrated)
Oil/Gas (Production and Explora
Oil/Gas Distribution
Oilfield Svcs/Equip.
Packaging & Container
Paper/Forest Products
Power
Precious Metals
Publshing & Newspapers
R.E.I.T.
Real Estate (Development)
Real Estate (General/Diversified
Real Estate (Operations & Servi
Recreation
Reinsurance
Restaurant/Dining
Retail (Automotive)
Retail (Building Supply)
Retail (Distributors)
Retail (General)
Retail (Grocery and Food)
Retail (Online)
Retail (Special Lines)
Rubber& Tires
Semiconductor
Semiconductor Equip
Shipbuilding & Marine
Shoe
Software (Entertainment)
Software (Internet)
Software (System & Application
Steel

Number of firms

Beta

D/E Ratio

Tax rate

Unlevered beta

Cash/Firm value

Unlevered beta corrected for cash

127
126
34
58
73
134
70
20
25
53
145
130
114
24
7
351
79
143
25
20
73
113
39
221
21
12
55
65
3
83
26
5
83
19
17
39
124
4
87
46
11
11
17
308
241
36

1.05
1.11
1.12
0.82
0.97
1.05
1.00
1.04
1.28
0.90
1.17
1.44
1.55
1.82
1.54
1.63
1.22
1.74
1.26
1.52
0.80
1.29
1.45
0.76
1.41
1.22
1.50
0.91
1.03
0.76
1.06
1.47
1.22
1.16
1.04
1.58
1.07
1.66
1.39
1.40
1.24
0.82
1.42
1.34
1.33
1.43

28.62%
17.70%
60.86%
98.46%
55.41%
20.02%
15.52%
42.76%
79.07%
31.39%
76.37%
27.57%
85.76%
60.56%
16.50%
82.48%
94.36%
39.08%
54.73%
89.06%
83.44%
50.03%
49.57%
89.81%
62.89%
25.47%
64.54%
31.61%
39.48%
25.85%
53.16%
18.73%
60.34%
39.49%
46.89%
8.49%
46.68%
65.26%
12.57%
37.57%
56.95%
6.79%
10.23%
4.43%
12.18%
91.75%

13.84%
6.96%
21.79%
10.41%
11.34%
8.86%
16.46%
21.73%
20.29%
21.85%
7.90%
15.24%
1.42%
19.14%
8.14%
2.91%
5.60%
9.56%
21.41%
15.88%
23.38%
1.60%
13.67%
2.17%
1.06%
9.64%
11.19%
11.33%
20.37%
18.54%
21.18%
23.18%
16.42%
24.75%
23.56%
11.14%
19.95%
9.60%
9.51%
11.25%
11.82%
18.12%
1.56%
3.80%
6.34%
11.49%

0.84
0.95
0.76
0.44
0.65
0.89
0.89
0.78
0.79
0.72
0.69
1.16
0.84
1.22
1.33
0.91
0.65
1.29
0.88
0.87
0.49
0.87
1.01
0.41
0.87
0.99
0.95
0.71
0.78
0.63
0.75
1.29
0.81
0.90
0.76
1.46
0.78
1.04
1.24
1.05
0.83
0.78
1.29
1.28
1.19
0.79

5.45%
3.45%
6.20%
1.35%
4.09%
3.21%
3.49%
4.76%
13.57%
4.55%
14.65%
5.33%
3.63%
5.83%
3.11%
4.47%
1.00%
8.72%
2.57%
3.02%
2.51%
16.27%
5.28%
1.44%
6.72%
3.68%
4.19%
4.48%
12.27%
2.12%
1.05%
1.52%
1.85%
3.12%
1.23%
4.03%
3.47%
11.26%
5.50%
14.27%
1.76%
3.85%
12.11%
3.29%
4.43%
8.70%

0.89
0.99
0.81
0.44
0.68
0.91
0.92
0.82
0.91
0.75
0.81
1.23
0.87
1.29
1.38
0.95
0.65
1.41
0.91
0.89
0.50
1.03
1.07
0.41
0.93
1.03
0.99
0.75
0.89
0.64
0.76
1.31
0.83
0.92
0.77
1.53
0.81
1.18
1.32
1.22
0.84
0.81
1.46
1.33
1.25
0.86

Industry Name

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

Number of firms

Beta

D/E Ratio

Tax rate

Unlevered beta

Cash/Firm value

Unlevered beta corrected for cash

19
121
65
20
21
12
26
3
20
18
7480

1.48
1.29
0.95
1.91
1.41
1.15
1.69
0.23
0.55
0.47
1.13

150.55%
20.72%
78.10%
19.84%
31.12%
30.49%
101.22%
100.42%
70.51%
49.00%
71.49%

9.38%
8.86%
11.89%
11.64%
18.82%
15.11%
31.25%
0.00%
26.58%
14.60%
10.95%

0.62
1.09
0.56
1.63
1.13
0.92
1.00
0.11
0.36
0.33
0.69

4.01%
6.98%
1.77%
2.01%
5.19%
1.31%
3.04%
0.35%
0.65%
0.70%
4.81%

0.65
1.17
0.57
1.66
1.19
0.93
1.03
0.11
0.36
0.33
0.73

HiLo Risk

Standard deviation of equity

0.6415
0.4706
0.4583
0.5264
0.5315
0.5060
0.1576
0.1768
0.5431
0.6125
0.4036
0.3991
0.3619
0.5041
0.4384
0.5278
0.4231
0.4718
0.7400
0.5040
0.4964
0.4072
0.3935
0.5788
0.5688
0.5333
0.6246
0.5600
0.4592
0.5027
0.6763
0.6108
0.5456
0.2686
0.4237
0.4020
0.4213
0.6692
0.4977

71.03%
46.90%
51.95%
60.62%
33.71%
55.06%
32.77%
28.93%
58.51%
54.55%
47.22%
48.05%
44.27%
50.13%
41.58%
54.20%
40.56%
50.43%
86.78%
51.74%
63.91%
42.41%
27.37%
88.89%
77.30%
59.62%
71.04%
63.42%
59.34%
57.02%
63.16%
65.51%
48.69%
34.97%
38.29%
54.49%
44.49%
62.36%
62.16%

HiLo Risk

Standard deviation of equity

0.5328
0.5641
0.3352
0.3952
0.4214
0.5864
0.3596
0.2247
0.2733
0.2212
0.3926
0.4385
0.7487
0.3991
0.5230
0.6976
0.4387
0.5552
0.3542
0.3852
0.2607
0.7030
0.4452
0.2171
0.5535
0.3518
0.5382
0.4801
0.1255
0.4150
0.3211
0.3598
0.5010
0.2935
0.3836
0.5392
0.4567
0.5027
0.4118
0.4048
0.4948
0.4392
0.5959
0.6266
0.5048
0.4502

54.32%
60.52%
41.71%
36.49%
46.75%
62.02%
40.74%
33.57%
35.59%
32.93%
37.84%
46.07%
91.02%
41.58%
50.24%
80.22%
47.82%
69.62%
32.10%
38.53%
29.31%
93.13%
51.60%
25.71%
36.15%
40.76%
43.44%
45.47%
29.15%
40.67%
46.34%
50.34%
52.36%
46.87%
51.57%
50.54%
50.69%
38.00%
51.24%
54.21%
60.89%
39.02%
54.18%
64.71%
59.22%
51.52%

HiLo Risk

Standard deviation of equity

0.5072
0.4771
0.4742
0.6963
0.3969
0.4147
0.4031
0.4300
0.1581
0.3123
0.4681

45.11%
57.78%
52.25%
48.90%
40.03%
31.20%
43.08%
24.61%
25.03%
36.78%
51.65%