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Date Updated: 5-Jan-14 Aswath Damodaran: To Update This Spreadsheet, Enter The Following
Date Updated: 5-Jan-14 Aswath Damodaran: To Update This Spreadsheet, Enter The Following
Date Updated: 5-Jan-14 Aswath Damodaran: To Update This Spreadsheet, Enter The Following
Industry Name Number of Firms Beta ROE Cost of Equity (ROE - COE)
Advertising 72 0.79 12.19% 7.98% 4.21%
Aerospace/Defense 37 0.96 12.62% 9.08% 3.54%
Air Transport 36 1.23 4.62% 10.77% -6.16%
Apparel 135 0.97 16.42% 9.12% 7.30%
Auto & Truck 16 1.58 10.80% 12.97% -2.17%
Auto Parts 54 1.77 21.29% 14.16% 7.12%
Bank 121 1.85 2.61% 14.65% -12.04%
Banks (Regional) 68 0.72 4.62% 7.56% -2.94%
Beverage 15 0.65 11.18% 7.14% 4.04%
Beverage (Alcoholic) 52 0.69 24.15% 7.36% 16.79%
Biotechnology 126 0.99 3.59% 9.25% -5.66%
Broadcasting 28 1.45 6.10% 12.16% -6.07%
Brokerage & Investment Banking 79 0.82 -0.33% 8.23% -8.55%
Building Materials 90 1.07 6.65% 9.78% -3.12%
Business & Consumer Services 212 0.93 14.68% 8.89% 5.79%
Cable TV 11 1.05 22.56% 9.62% 12.94%
Chemical (Basic) 60 1.05 15.43% 9.66% 5.77%
Chemical (Diversified) 8 2.02 14.75% 15.73% -0.98%
Chemical (Specialty) 81 0.93 15.47% 8.89% 6.58%
Coal & Related Energy 26 1.25 -33.84% 10.92% -44.76%
Computer Services 221 0.83 19.39% 8.28% 11.11%
Computer Software 244 0.88 18.50% 8.57% 9.93%
Computers/Peripherals 34 1.31 26.00% 11.28% 14.72%
Construction 59 1.31 2.86% 11.30% -8.44%
Diversified 54 1.19 10.28% 10.51% -0.23%
Educational Services 7 0.41 -22.99% 5.63% -28.62%
Electrical Equipment 103 1.21 7.36% 10.64% -3.28%
Electronics 138 0.98 14.14% 9.20% 4.95%
Electronics (Consumer & Office) 22 1.23 11.78% 10.76% 1.03%
Engineering 170 1.32 6.73% 11.33% -4.60%
Entertainment 86 0.83 5.32% 8.28% -2.96%
Environmental & Waste Services 49 1.16 7.39% 10.36% -2.98%
Farming/Agriculture 37 0.70 10.08% 7.46% 2.62%
Financial Svcs. 84 0.98 -3.99% 9.22% -13.21%
Financial Svcs. (Non-bank & Insurance) 14 1.08 7.94% 9.80% -1.86%
Food Processing 156 0.97 16.29% 9.13% 7.16%
Food Wholesalers 16 0.94 28.53% 8.96% 19.57%
Furn/Home Furnishings 51 1.03 9.77% 9.54% 0.23%
Healthcare Equipment 104 0.83 13.48% 8.27% 5.21%
Healthcare Facilities 26 0.82 0.75% 8.23% -7.48%
Healthcare Products 20 0.64 19.64% 7.06% 12.58%
Healthcare Services 46 0.76 11.70% 7.83% 3.87%
Heathcare Information and Technology 66 0.92 5.34% 8.81% -3.46%
Heavy Construction 53 1.20 9.03% 10.57% -1.53%
Homebuilding 43 1.04 8.53% 9.56% -1.03%
Hotel/Gaming 120 1.00 3.79% 9.35% -5.56%
Household Products 57 0.71 17.37% 7.53% 9.84%
Information Services 22 1.06 26.09% 9.73% 16.36%
Insurance (General) 50 1.20 8.37% 10.60% -2.23%
Insurance (Life) 21 1.96 8.64% 15.36% -6.72%
Insurance (Prop/Cas.) 24 1.28 11.93% 11.12% 0.81%
Internet software and services 136 1.01 11.48% 9.42% 2.06%
Investment Co. 134 0.93 9.85% 8.91% 0.94%
Machinery 222 1.13 17.75% 10.18% 7.57%
Metals & Mining 103 1.56 -0.56% 12.88% -13.44%
Office Equipment & Services 36 0.70 10.09% 7.45% 2.63%
Oil/Gas (Integrated) 15 1.18 13.63% 10.44% 3.19%
Oil/Gas (Production and Exploration) 136 1.37 6.12% 11.69% -5.57%
Oil/Gas Distribution 32 1.35 4.37% 11.55% -7.17%
Oilfield Svcs/Equip. 87 1.34 5.85% 11.49% -5.63%
Packaging & Container 53 0.99 10.57% 9.29% 1.27%
Paper/Forest Products 47 1.07 -3.07% 9.74% -12.81%
Pharma & Drugs 79 0.89 19.51% 8.66% 10.86%
Power 126 1.09 8.56% 9.92% -1.36%
Precious Metals 69 1.14 -17.74% 10.22% -27.96%
Publshing & Newspapers 109 1.08 -4.21% 9.82% -14.03%
Railroad 8 0.69 5.98% 7.41% -1.43%
Real Estate 62 0.80 -24.87% 8.09% -32.95%
Real Estate (Development) 48 0.87 1.39% 8.53% -7.14%
Real Estate (Operations & Services) 152 0.56 13.75% 6.59% 7.16%
Recreation 57 0.64 3.49% 7.07% -3.58%
Reinsurance 5 1.22 11.33% 10.71% 0.61%
Restaurant 40 1.03 12.37% 9.49% 2.88%
Retail (Automotive) 21 1.13 10.62% 10.16% 0.46%
Retail (Building Supply) 12 0.91 8.97% 8.74% 0.22%
Retail (Distributors) 121 1.06 10.04% 9.73% 0.31%
Retail (General) 17 1.01 19.24% 9.38% 9.86%
Retail (Grocery and Food) 34 0.95 13.23% 9.01% 4.23%
Retail (Internet) 31 1.17 -0.30% 10.38% -10.68%
Retail (Special Lines) 87 1.17 17.71% 10.38% 7.33%
Rubber& Tires 8 1.32 15.67% 11.37% 4.30%
Semiconductor 43 1.91 -5.65% 15.05% -20.70%
Semiconductor Equip 17 1.35 17.73% 11.51% 6.22%
Shipbuilding & Marine 71 1.54 4.05% 12.74% -8.69%
Shoe 8 1.26 8.34% 10.97% -2.62%
Steel 58 1.66 -8.41% 13.51% -21.91%
Telecom (Wireless) 14 1.39 29.44% 11.80% 17.63%
Telecom. Equipment 54 1.06 -8.95% 9.72% -18.67%
Telecom. Services 83 0.92 8.44% 8.81% -0.37%
Thrift 8 1.24 5.90% 10.86% -4.97%
Tobacco 5 0.46 37.95% 5.96% 31.99%
Tranportation 44 0.94 19.66% 8.92% 10.74%
Trucking 21 1.02 17.67% 9.44% 8.23%
Utility (General) 20 1.08 6.34% 9.84% -3.51%
Utility (Water) 15 0.61 28.05% 6.90% 21.14%
Total Market 6073 1.06 8.27% 9.73% -1.45%
Cost of Debt Lookup Table (based on std dev in stock prices)
Standard Deviation
0 0.25
0.25 0.5
0.5 0.65
0.65 0.8
0.8 0.9
0.9 1
1 10
EVA E/(D+E) Std Dev in Stock Cost of Debt Tax Rate After-tax Cost of Debt D/(D+E)
$ 3,502.01 78.14% 72.97% 5.90% 21.11% 4.65% 21.86%
$ 8,215.89 81.82% 58.75% 5.40% 16.75% 4.50% 18.18%
$ (2,669.30) 52.53% 63.33% 5.40% 17.91% 4.43% 47.47%
$ 23,041.21 87.06% 74.11% 5.90% 12.04% 5.19% 12.94%
$ (4,053.31) 42.85% 61.26% 5.40% 13.32% 4.68% 57.15%
$ 5,140.17 77.49% 72.28% 5.90% 18.04% 4.84% 22.51%
$ (727,373.25) 14.42% 67.91% 5.90% 15.87% 4.96% 85.58%
$ (8,083.40) 22.89% 51.83% 5.40% 24.56% 4.07% 77.11%
$ 523.48 79.08% 63.13% 5.40% 17.07% 4.48% 20.92%
$ 16,623.61 75.50% 60.12% 5.40% 14.14% 4.64% 24.50%
$ 512.33 91.24% 102.48% 7.90% 3.44% 7.63% 8.76%
$ 2,144.02 81.58% 75.80% 5.90% 15.09% 5.01% 18.42%
$ (4,132.50) 29.46% 73.09% 5.90% 13.13% 5.13% 70.54%
$ 2,723.49 75.52% 71.73% 5.90% 15.25% 5.00% 24.48%
$ 9,363.47 80.62% 70.35% 5.90% 16.73% 4.91% 19.38%
$ 3,718.67 57.74% 48.48% 4.90% 16.88% 4.07% 42.26%
$ 2,748.16 83.78% 76.31% 5.90% 12.52% 5.16% 16.22%
$ (284.21) 78.85% 52.01% 5.40% 24.79% 4.06% 21.15%
$ 5,199.60 84.19% 68.25% 5.90% 13.33% 5.11% 15.81%
$ (3,179.23) 55.69% 105.03% 7.90% 5.55% 7.46% 44.31%
$ 7,114.29 86.10% 69.34% 5.90% 18.56% 4.80% 13.90%
$ 8,111.16 92.32% 79.78% 5.90% 12.05% 5.19% 7.68%
$ 1,464.23 87.02% 95.32% 6.90% 12.09% 6.07% 12.98%
$ 226.94 56.76% 70.25% 5.90% 16.58% 4.92% 43.24%
$ 9,523.13 69.90% 57.44% 5.40% 12.27% 4.74% 30.10%
$ (7.72) 96.20% 113.46% 7.90% 12.79% 6.89% 3.80%
$ 8,671.65 77.84% 75.35% 5.90% 11.15% 5.24% 22.16%
$ 2,274.76 86.67% 72.34% 5.90% 14.43% 5.05% 13.33%
$ 426.04 84.95% 84.51% 6.40% 11.60% 5.66% 15.05%
$ 500.49 49.13% 82.96% 6.40% 14.45% 5.48% 50.87%
$ 39.72 63.80% 84.92% 6.40% 10.39% 5.73% 36.20%
$ 752.51 66.26% 69.66% 5.90% 15.15% 5.01% 33.74%
$ 579.08 78.61% 61.49% 5.40% 14.04% 4.64% 21.39%
$ (137,128.61) 9.78% 70.34% 5.90% 13.50% 5.10% 90.22%
$ (257.82) 21.68% 52.75% 5.40% 13.79% 4.66% 78.32%
$ 20,601.90 82.33% 68.03% 5.90% 14.91% 5.02% 17.67%
$ 1,714.70 26.87% 76.68% 5.90% 12.48% 5.16% 73.13%
$ 1,028.19 76.18% 63.84% 5.40% 16.90% 4.49% 23.82%
$ 3,887.74 89.04% 74.72% 5.90% 11.44% 5.23% 10.96%
$ (652.96) 44.09% 80.65% 6.40% 20.63% 5.08% 55.91%
$ 1,512.43 94.69% 73.56% 5.90% 11.85% 5.20% 5.31%
$ 4,348.62 63.35% 69.50% 5.90% 16.14% 4.95% 36.65%
$ 510.30 79.35% 84.82% 6.40% 8.47% 5.86% 20.65%
$ (652.56) 58.58% 59.75% 5.40% 18.40% 4.41% 41.42%
$ 663.49 89.44% 70.68% 5.90% 15.11% 5.01% 10.56%
$ 2,777.85 66.21% 79.54% 5.90% 10.57% 5.28% 33.79%
$ 6,156.18 93.06% 67.00% 5.90% 15.42% 4.99% 6.94%
$ 1,192.08 89.21% 72.23% 5.90% 15.37% 4.99% 10.79%
$ 25,712.79 69.73% 55.85% 5.40% 19.96% 4.32% 30.27%
$ 3,456.19 65.84% 57.56% 5.40% 24.19% 4.09% 34.16%
$ 2,505.28 83.47% 47.25% 4.90% 14.51% 4.19% 16.53%
$ 572.66 92.83% 96.30% 6.90% 8.65% 6.30% 7.17%
$ 855.64 68.02% 85.43% 6.40% 7.64% 5.91% 31.98%
$ 10,194.53 83.97% 67.17% 5.90% 16.25% 4.94% 16.03%
$ 8,409.69 73.96% 99.51% 6.90% 5.48% 6.52% 26.04%
$ 425.09 73.31% 78.39% 5.90% 14.33% 5.05% 26.69%
$ 22,133.30 71.48% 47.63% 4.90% 29.09% 3.47% 28.52%
$ (1,812.72) 70.68% 98.97% 6.90% 7.90% 6.36% 29.32%
$ (628.33) 57.40% 82.21% 6.40% 8.61% 5.85% 42.60%
$ (2,287.64) 65.11% 75.24% 5.90% 14.90% 5.02% 34.89%
$ 902.25 69.50% 65.90% 5.90% 15.66% 4.98% 30.50%
$ (1,478.70) 57.52% 70.01% 5.90% 10.63% 5.27% 42.48%
$ 48,903.31 88.95% 71.89% 5.90% 11.22% 5.24% 11.05%
$ 12,832.13 51.97% 67.95% 5.90% 12.81% 5.14% 48.03%
$ 214.03 83.73% 119.81% 7.90% 2.91% 7.67% 16.27%
$ 1,318.66 74.72% 73.48% 5.90% 11.42% 5.23% 25.28%
$ 20.69 58.50% 55.01% 5.40% 24.86% 4.06% 41.50%
$ (2,507.34) 32.39% 82.73% 6.40% 8.98% 5.83% 67.61%
$ (315.82) 39.15% 81.39% 6.40% 11.36% 5.67% 60.85%
$ (526.35) 49.71% 59.33% 5.40% 11.09% 4.80% 50.29%
$ (92.47) 61.30% 74.22% 5.90% 17.37% 4.88% 38.70%
$ 4,488.46 70.44% 32.74% 4.90% 15.55% 4.14% 29.56%
$ 3,538.68 65.67% 73.58% 5.90% 16.33% 4.94% 34.33%
$ (64.80) 59.10% 95.14% 6.90% 11.45% 6.11% 40.90%
$ (701.90) 59.47% 47.86% 4.90% 23.40% 3.75% 40.53%
$ 2,309.48 70.07% 75.01% 5.90% 14.59% 5.04% 29.93%
$ (308.24) 45.44% 55.60% 5.40% 21.33% 4.25% 54.56%
$ 2,542.80 53.67% 50.36% 5.40% 19.59% 4.34% 46.33%
$ 27.36 97.54% 107.49% 7.90% 13.71% 6.82% 2.46%
$ 7,979.69 85.66% 82.50% 6.40% 13.48% 5.54% 14.34%
$ 1,492.87 80.44% 64.13% 5.40% 23.36% 4.14% 19.56%
$ (2,308.29) 87.79% 88.96% 6.40% 7.61% 5.91% 12.21%
$ 74.91 95.26% 85.16% 6.40% 2.90% 6.21% 4.74%
$ (1,514.38) 54.88% 95.59% 6.90% 7.28% 6.40% 45.12%
$ (47.83) 89.57% 59.71% 5.40% 25.33% 4.03% 10.43%
$ (11,680.63) 52.41% 85.69% 6.40% 5.38% 6.06% 47.59%
$ (1,772.44) 75.43% 66.55% 5.90% 11.09% 5.25% 24.57%
$ 4,783.54 78.31% 77.04% 5.90% 11.60% 5.22% 21.69%
$ 31,218.68 52.43% 69.94% 5.90% 14.76% 5.03% 47.57%
$ (2,774.46) 8.01% 49.11% 4.90% 16.23% 4.10% 91.99%
$ 8,841.54 78.87% 41.13% 4.90% 22.85% 3.78% 21.13%
$ 6,033.93 61.10% 57.87% 5.40% 19.89% 4.33% 38.90%
$ 2,170.87 53.31% 71.00% 5.90% 15.66% 4.98% 46.69%
$ 9,479.54 48.06% 57.41% 5.40% 27.22% 3.93% 51.94%
$ 476.96 47.60% 52.12% 5.40% 11.40% 4.78% 52.40%
$ (542,465.29) 45.08% 74.78% 5.90% 13.36% 5.11% 54.92%