Equity Beta and Asset Beta Conversion Template Strictly Confidential

Notes
This Excel model is for educational purposes only and should not be used for any other reason.
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Equity Beta and Asset Beta Conversion

Equity -> Asset Beta

Levered Bet Equity Beta Tax Rate Net Debt ($M) Equity ($M) Debt/Equity Asset Beta
Stock 1 1.21 35% 524 2,542 21% 1.07
Stock 2 1.08 33% - 15,298 0% 1.08
Stock 3 0.87 28% (255) 3,275 -8% 0.92
Stock 4 1.58 34% 785 1,027 76% 1.05
Stock 5 1.35 30% 1,027 9,217 11% 1.26

Average 1.22 32% 416 6,272 20% 1.07

Median 1.21 33% 524 3,275 11% 1.07

Asset -> Equity Beta

Levered Bet Asset Beta Tax Rate Net Debt ($M) Equity ($M) Debt/Equity Equity Beta
Stock 1 1.07 35% 524 2,542 21% 1.21
Stock 2 1.08 33% - 15,298 0% 1.08
Stock 3 0.90 28% (155) 3,275 -5% 0.87
Stock 4 1.05 34% 785 1,027 76% 1.58
Stock 5 1.26 30% 1,027 9,217 11% 1.35

Average 1.07 32% 436 6,272 21% 1.22

Median 1.07 33% 524 3,275 11% 1.21
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