Académique Documents
Professionnel Documents
Culture Documents
1 de 2
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/Betas.html
Betas by Sector
Data Used: Value Line database, of 6177 firms
Date of Analysis: Data used is as of January 2013
Number of Firms
Average Beta
Market D/E Ra o
Tax Rate
Unlevered Beta
Cash/Firm Value
Advertising
Aerospace/Defense
32
66
1.68
0.98
40.84%
26.64%
16.02%
20.08%
1.25
0.81
13.12%
11.74%
1.44
0.92
Air Transport
Apparel
Auto Parts
36
54
54
1.03
1.36
1.76
59.08%
13.77%
24.37%
21.35%
18.57%
18.77%
0.70
1.23
1.47
14.13%
5.13%
11.65%
0.82
1.29
1.66
Automotive
Bank
Bank (Midwest)
12
416
68
1.73
0.77
0.89
103.42%
128.23%
49.85%
16.24%
16.39%
20.99%
0.93
0.37
0.64
16.84%
16.43%
15.03%
1.11
0.45
0.76
Beverage
Biotechnology
35
214
0.95
1.23
22.29%
15.92%
18.82%
2.98%
0.80
1.07
4.33%
18.10%
0.84
1.30
43
20
18
1.57
1.40
1.37
65.24%
66.11%
24.73%
9.48%
21.23%
21.89%
0.99
0.92
1.15
6.18%
3.61%
7.52%
1.05
0.96
1.24
Building Materials
Cable TV
Chemical (Basic)
Chemical (Diversified)
33
1.55
16.69%
19.75%
1.37
6.96%
1.47
Chemical (Specialty)
Coal
Computer Software
70
20
191
1.18
1.47
0.98
20.53%
68.38%
6.55%
15.35%
11.27%
12.43%
1.00
0.91
0.92
4.58%
7.67%
16.59%
1.05
0.99
1.11
Computers/Peripherals
Diversified Co.
Drug
E-Commerce
Educational Services
81
113
223
64
33
1.37
1.22
1.08
1.05
0.91
9.70%
78.69%
14.79%
6.74%
24.73%
10.01%
17.18%
5.14%
10.52%
21.72%
1.26
0.74
0.94
0.99
0.76
9.78%
14.07%
8.25%
9.21%
30.24%
1.39
0.86
1.03
1.09
1.09
20
17
15
0.57
0.43
0.58
85.00%
67.90%
81.37%
30.12%
33.49%
29.09%
0.36
0.29
0.37
1.03%
1.81%
1.88%
0.36
0.30
0.38
64
123
30
76
42
84
256
119
10
6
32
20
23
22
57
27
25
136
28
32
62
194
31
63
94
51
87
143
118
25
77
31
27
14
22
1.43
1.22
1.28
1.60
1.11
0.66
1.34
0.87
1.10
1.12
1.63
0.97
1.80
1.55
1.65
0.98
1.38
0.97
1.25
1.44
0.85
1.17
1.27
1.05
1.26
1.51
0.87
1.07
0.84
1.63
1.62
1.28
0.46
1.86
1.43
12.28%
22.46%
13.23%
33.87%
11.54%
43.07%
204.42%
23.50%
45.71%
49.48%
22.06%
11.62%
47.30%
49.57%
44.75%
18.11%
10.80%
36.56%
28.46%
55.85%
21.48%
2.29%
7.55%
5.72%
17.39%
181.21%
16.48%
12.89%
50.23%
23.59%
15.42%
41.08%
66.15%
39.29%
72.14%
16.15%
11.31%
25.00%
12.56%
11.01%
7.60%
16.23%
21.63%
23.12%
28.66%
16.69%
20.31%
22.74%
7.12%
17.52%
24.66%
26.61%
20.19%
18.33%
21.09%
10.73%
8.43%
2.26%
16.27%
22.73%
7.92%
12.60%
10.61%
17.72%
23.30%
11.24%
22.02%
28.80%
18.35%
22.66%
1.29
1.01
1.17
1.24
1.01
0.48
0.49
0.74
0.81
0.83
1.37
0.88
1.32
1.06
1.21
0.86
1.28
0.75
1.01
1.00
0.71
1.15
1.18
1.00
1.11
0.57
0.76
0.96
0.59
1.38
1.42
0.97
0.31
1.41
0.91
10.95%
13.01%
16.52%
5.81%
24.21%
2.45%
12.46%
3.74%
27.40%
2.94%
6.52%
10.06%
9.15%
15.14%
6.43%
2.52%
12.49%
9.21%
3.48%
28.90%
20.86%
12.04%
2.64%
10.31%
6.04%
6.05%
7.36%
13.33%
10.82%
11.91%
7.45%
4.36%
2.41%
5.91%
13.12%
1.45
1.17
1.40
1.31
1.33
0.49
0.56
0.77
1.12
0.85
1.47
0.98
1.45
1.25
1.29
0.88
1.46
0.83
1.05
1.41
0.90
1.31
1.21
1.11
1.18
0.60
0.82
1.10
0.66
1.56
1.54
1.01
0.32
1.50
1.05
Electrical Equipment
Electronics
Engineering & Const
Entertainment
Entertainment Tech
Environmental
Financial Svcs. (Div.)
Food Processing
Foreign Electronics
Funeral Services
Furn/Home Furnishings
Healthcare Information
Heavy Truck & Equip
Homebuilding
Hotel/Gaming
Household Products
Human Resources
Industrial Services
Information Services
Insurance (Life)
Insurance (Prop/Cas.)
Internet
Investment Companies
IT Services
Machinery
Maritime
Med Supp Invasive
Med Supp Non-Invasive
Medical Services
Metal Fabricating
Metals & Mining (Div.)
Natural Gas (Div.)
Natural Gas Utility
Newspaper
Office Equip/Supplies
07-03-2013 12:29
Betas
2 de 2
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/Betas.html
Oil/Gas Distribution
12
1.02
53.39%
18.11%
0.71
1.26%
0.72
Oilfield Svcs/Equip.
Packaging & Container
Paper/Forest Products
81
27
32
1.66
1.20
1.37
27.72%
56.17%
43.01%
18.20%
23.09%
11.43%
1.35
0.84
0.99
6.40%
5.10%
7.35%
1.45
0.88
1.07
Petroleum (Integrated)
Petroleum (Producing)
Pharmacy Services
26
176
18
1.17
1.45
1.17
20.47%
28.12%
18.88%
30.34%
11.71%
23.18%
1.02
1.16
1.02
7.03%
3.81%
5.11%
1.10
1.21
1.07
Pipeline MLPs
Power
Precious Metals
53
101
83
0.74
1.35
1.03
44.37%
163.45%
13.65%
4.30%
6.19%
11.13%
0.52
0.53
0.92
0.74%
7.85%
7.93%
0.52
0.58
1.00
82
31
12
1.27
1.30
2.02
21.21%
112.58%
28.73%
14.13%
16.50%
19.17%
1.07
0.67
1.64
11.37%
8.37%
15.39%
1.21
0.73
1.94
29
127
1.17
1.43
36.14%
37.01%
22.69%
0.04%
0.92
1.04
4.97%
6.78%
0.96
1.12
Railroad
12
1.32
23.46%
28.60%
1.13
1.69%
1.15
Recreation
Reinsurance
Restaurant
51
11
65
1.45
0.82
1.16
37.75%
18.90%
13.15%
20.31%
3.58%
19.23%
1.11
0.69
1.05
5.79%
24.61%
3.42%
1.18
0.91
1.08
Retail (Hardlines)
Retail (Softlines)
79
42
1.79
1.43
26.01%
5.59%
22.55%
25.57%
1.49
1.37
9.96%
8.96%
1.65
1.51
Retail Automotive
Retail Building Supply
Retail Store
19
10
38
1.39
1.11
1.29
44.33%
11.72%
25.58%
32.69%
25.56%
24.83%
1.07
1.02
1.08
2.50%
1.97%
4.67%
1.10
1.04
1.14
Retail/Wholesale Food
Securities Brokerage
Semiconductor
Semiconductor Equip
Shoe
Steel
Telecom. Equipment
Telecom. Services
Telecom. Utility
Thrift
Tobacco
Toiletries/Cosmetics
Trucking
Water Utility
Wireless Networking
Total Market
30
27
142
10
17
33
105
76
23
170
11
14
34
11
58
6177
0.68
1.07
1.49
1.79
1.26
1.65
1.07
1.15
0.92
0.68
0.86
1.17
1.09
0.49
1.35
1.17
34.84%
264.59%
10.06%
16.98%
1.94%
56.21%
13.31%
31.82%
108.25%
19.50%
18.87%
20.63%
42.33%
73.18%
25.67%
42.92%
31.18%
30.41%
11.71%
15.21%
19.89%
24.24%
14.01%
16.22%
26.94%
15.84%
32.82%
27.33%
25.94%
31.45%
10.06%
14.93%
0.55
0.38
1.37
1.57
1.24
1.16
0.96
0.91
0.51
0.58
0.76
1.01
0.83
0.33
1.10
0.86
5.46%
43.53%
14.48%
21.91%
8.93%
8.82%
30.13%
8.92%
3.31%
25.18%
3.21%
6.80%
5.15%
0.54%
6.00%
10.66%
0.58
0.66
1.60
2.01
1.37
1.27
1.37
1.00
0.53
0.78
0.79
1.09
0.87
0.33
1.17
0.96
Precision Instrument
Property Management
Public/Private Equity
Publishing
R.E.I.T.
07-03-2013 12:29