Date updated:

Created by:
What is this data?
Home Page:
Data website:
Companies in each industry:
Variable definitions:

5-Jan-15
Aswath Damodaran, adamodar@stern.nyu.edu
Cost of equity and capital (updateable)
http://www.damodaran.com
http://www.stern.nyu.edu/~adamodar/New_Home_
http://www.stern.nyu.edu/~adamodar/pc/datasets/
http://www.stern.nyu.edu/~adamodar/New_Home_

To update this spreadsheet, enter the following

Long Term Treasury bond rate =
Risk Premium to Use for Equity =
Global Default Spread to add to cost of debt =
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If yes, enter the marginal tax rate to use

Industry Name
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)

Number of Firms
77
39
38
132
16
59
124
65
51
17
31
75
91
215
11
59
8
89
23
217
37
101
75
141
88

Beta
0.86
1.15
1.48
1.09
1.80
1.87
1.72
0.80
0.86
0.60
1.50
1.02
1.05
1.09
1.18
0.89
1.77
1.10
1.61
0.95
1.45
1.49
1.38
1.41
1.27

Education
Electrical Equipment
Electronics (Consumer & Office)
Electronics (General)
Engineering/Construction
Entertainment
Environmental & Waste Services
Farming/Agriculture
Financial Svcs. (Non-bank & Insurance)
Food Processing
Food Wholesalers
Furn/Home Furnishings
Green & Renewable Energy
Healthcare Products
Healthcare Support Services
Heathcare Information and Technology
Homebuilding
Hospitals/Healthcare Facilities
Hotel/Gaming
Household Products
Information Services
Insurance (General)
Insurance (Life)
Insurance (Prop/Cas.)
Investments & Asset Management
Machinery
Metals & Mining
Office Equipment & Services
Oil/Gas (Integrated)
Oil/Gas (Production and Exploration)
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 & Services)
Recreation
Reinsurance
Restaurant/Dining
Retail (Automotive)
Retail (Building Supply)

6
108
17
140
173
83
52
48
110
150
17
44
49
142
46
71
42
27
126
63
23
47
24
22
315
215
105
37
15
140
35
82
52
43
78
69
110
117
48
73
191
52
5
40
18
12

1.06
1.51
1.44
1.12
1.36
1.17
1.04
0.79
1.06
0.93
0.73
1.04
1.18
1.01
1.15
1.09
1.01
0.76
1.11
0.82
1.06
1.34
1.97
1.22
0.79
1.27
1.61
0.87
1.61
1.61
1.69
1.60
1.03
1.23
1.01
1.15
1.26
0.97
0.91
0.88
0.73
1.12
1.09
1.00
1.03
0.86

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

124
20
34
34
90
8
43
20
66
12
25
137
229
58
16
53
87
5
42
6
20
7
20
15
6532

1.09
1.19
1.14
1.25
1.19
1.23
1.93
1.70
1.99
1.02
1.50
1.29
1.11
1.65
1.49
1.31
1.21
0.82
1.10
0.84
0.94
0.68
1.23
0.71
1.18

@stern.nyu.edu
ateable)

modar/New_Home_Page/data.html
modar/pc/datasets/indname.xls
modar/New_Home_Page/datafile/variable.htm
2.17%
6.88% Global weighted average
0.75% Global weighted average

Cost of Equity

E/(D+E)
8.06%
10.11%
12.35%
9.64%
14.54%
15.02%
14.03%
7.68%
8.11%
6.30%
12.51%
9.16%
9.40%
9.66%
10.32%
8.29%
14.34%
9.73%
13.21%
8.70%
12.17%
12.40%
11.68%
11.89%
10.91%

74.70%
79.06%
54.21%
80.92%
41.58%
80.13%
13.93%
21.20%
75.16%
76.18%
80.85%
31.19%
72.78%
75.60%
57.21%
80.47%
76.19%
84.45%
54.23%
85.79%
83.13%
61.83%
56.84%
89.06%
88.31%

9.46%
12.56%
12.08%
9.88%
11.56%
10.22%
9.33%
7.59%
9.48%
8.57%
7.20%
9.34%
10.27%
9.09%
10.06%
9.64%
9.09%
7.36%
9.79%
7.81%
9.48%
11.38%
15.70%
10.60%
7.62%
10.94%
13.22%
8.15%
13.22%
13.23%
13.78%
13.16%
9.23%
10.64%
9.13%
10.10%
10.84%
8.88%
8.43%
8.21%
7.17%
9.89%
9.67%
9.07%
9.23%
8.11%

69.15%
74.77%
90.66%
84.50%
45.76%
64.78%
61.67%
43.03%
10.23%
83.25%
26.56%
78.21%
47.53%
89.53%
62.54%
79.21%
93.18%
43.75%
66.13%
90.44%
88.45%
69.91%
63.00%
83.01%
76.59%
82.44%
64.95%
63.69%
65.12%
50.73%
55.03%
55.90%
69.72%
57.77%
52.43%
79.34%
78.02%
60.83%
44.16%
40.94%
47.78%
60.44%
71.20%
62.95%
57.78%
59.36%

9.66%
10.37%
10.00%
10.78%
10.35%
10.65%
15.45%
13.87%
15.84%
9.21%
12.50%
11.01%
9.82%
13.51%
12.43%
11.19%
10.52%
7.83%
9.71%
7.96%
8.67%
6.86%
10.63%
7.03%
10.26%

56.55%
48.78%
44.45%
87.61%
83.93%
78.04%
88.79%
95.56%
54.00%
76.32%
94.33%
91.22%
92.17%
51.21%
63.76%
83.39%
53.55%
79.12%
59.44%
56.61%
53.09%
74.50%
50.23%
51.47%
44.57%

Western Europe

Yes
30%

Cost of Debt Lookup Table (based on std dev in stock prices)

Standard Deviation
Basis Spread
0
0.25
0.50%
0.25
0.5
1.00%
0.5
0.65
1.50%
0.65
0.8
2.00%
0.8
0.9
2.50%
0.9
1
3.00%
1
10
4.00%

After-tax
Std Dev in Stock Cost of Debt
Tax Rate
of Debt
47.07%
3.92%
14.32%
39.57%
3.92%
12.44%
44.22%
3.92%
17.46%
47.80%
3.92%
17.00%
46.62%
3.92%
14.14%
49.19%
3.92%
19.32%
42.06%
3.92%
16.97%
33.23%
3.92%
20.17%
41.41%
3.92%
15.55%
38.32%
3.92%
15.17%
46.03%
3.92%
19.67%
55.46%
4.42%
13.29%
45.83%
3.92%
16.19%
45.89%
3.92%
17.89%
35.11%
3.92%
17.51%
44.48%
3.92%
13.76%
34.30%
3.92%
26.93%
45.08%
3.92%
15.82%
74.42%
4.92%
3.00%
47.00%
3.92%
19.76%
58.73%
4.42%
14.20%
42.99%
3.92%
18.77%
41.29%
3.92%
11.10%
75.68%
4.92%
2.56%
53.26%
4.42%
9.58%

Cost
2.74%
2.74%
2.74%
2.74%
2.74%
2.74%
2.74%
2.74%
2.74%
2.74%
2.74%
3.09%
2.74%
2.74%
2.74%
2.74%
2.74%
2.74%
3.44%
2.74%
3.09%
2.74%
2.74%
3.44%
3.09%

D/(D+E)
25.30%
20.94%
45.79%
19.08%
58.42%
19.87%
86.07%
78.80%
24.84%
23.82%
19.15%
68.81%
27.22%
24.40%
42.79%
19.53%
23.81%
15.55%
45.77%
14.21%
16.87%
38.17%
43.16%
10.94%
11.69%

68.13%
46.69%
54.78%
49.31%
51.43%
59.85%
52.04%
38.99%
43.67%
41.77%
47.71%
38.89%
57.10%
49.41%
43.71%
56.48%
49.00%
43.45%
53.64%
50.11%
47.40%
31.09%
43.33%
31.31%
45.35%
46.34%
71.08%
52.36%
43.09%
70.91%
51.84%
50.60%
46.34%
44.72%
38.94%
85.62%
54.16%
31.90%
48.69%
52.38%
38.82%
47.35%
22.23%
46.23%
40.84%
33.35%

4.92%
3.92%
4.42%
3.92%
4.42%
4.42%
4.42%
3.92%
3.92%
3.92%
3.92%
3.92%
4.42%
3.92%
3.92%
4.42%
3.92%
3.92%
4.42%
4.42%
3.92%
3.92%
3.92%
3.92%
3.92%
3.92%
4.92%
4.42%
3.92%
4.92%
4.42%
4.42%
3.92%
3.92%
3.92%
5.42%
4.42%
3.92%
3.92%
4.42%
3.92%
3.92%
3.42%
3.92%
3.92%
3.92%

12.50%
12.28%
11.20%
14.65%
16.62%
8.20%
13.22%
13.71%
14.39%
17.68%
16.06%
18.92%
11.40%
8.44%
15.43%
6.28%
14.65%
13.44%
10.17%
13.60%
12.05%
22.10%
22.71%
15.76%
5.86%
17.16%
7.17%
12.38%
34.51%
7.12%
8.61%
13.60%
17.86%
10.14%
14.99%
2.64%
10.88%
3.27%
7.71%
10.35%
13.51%
15.07%
9.62%
15.74%
17.15%
24.73%

3.44%
2.74%
3.09%
2.74%
3.09%
3.09%
3.09%
2.74%
2.74%
2.74%
2.74%
2.74%
3.09%
2.74%
2.74%
3.09%
2.74%
2.74%
3.09%
3.09%
2.74%
2.74%
2.74%
2.74%
2.74%
2.74%
3.44%
3.09%
2.74%
3.44%
3.09%
3.09%
2.74%
2.74%
2.74%
3.79%
3.09%
2.74%
2.74%
3.09%
2.74%
2.74%
2.39%
2.74%
2.74%
2.74%

30.85%
25.23%
9.34%
15.50%
54.24%
35.22%
38.33%
56.97%
89.77%
16.75%
73.44%
21.79%
52.47%
10.47%
37.46%
20.79%
6.82%
56.25%
33.87%
9.56%
11.55%
30.09%
37.00%
16.99%
23.41%
17.56%
35.05%
36.31%
34.88%
49.27%
44.97%
44.10%
30.28%
42.23%
47.57%
20.66%
21.98%
39.17%
55.84%
59.06%
52.22%
39.56%
28.80%
37.05%
42.22%
40.64%

51.15%
41.33%
34.77%
56.77%
50.01%
35.79%
56.23%
62.62%
60.39%
37.79%
65.19%
65.90%
53.56%
54.74%
48.30%
53.95%
48.80%
25.02%
40.75%
36.29%
39.81%
23.74%
38.97%
31.15%
48.90%

4.42%
3.92%
3.92%
4.42%
4.42%
3.92%
4.42%
4.42%
4.42%
3.92%
4.92%
4.92%
4.42%
4.42%
3.92%
4.42%
3.92%
3.92%
3.92%
3.92%
3.92%
3.42%
3.92%
3.92%
3.92%

16.03%
14.37%
18.52%
9.72%
16.85%
23.55%
7.41%
2.97%
8.46%
19.21%
8.72%
9.45%
11.68%
12.34%
11.32%
9.47%
14.42%
20.94%
28.41%
20.82%
14.44%
0.04%
25.72%
15.85%
13.16%

3.09%
2.74%
2.74%
3.09%
3.09%
2.74%
3.09%
3.09%
3.09%
2.74%
3.44%
3.44%
3.09%
3.09%
2.74%
3.09%
2.74%
2.74%
2.74%
2.74%
2.74%
2.39%
2.74%
2.74%
2.74%

43.45%
51.22%
55.55%
12.39%
16.07%
21.96%
11.21%
4.44%
46.00%
23.68%
5.67%
8.78%
7.83%
48.79%
36.24%
16.61%
46.45%
20.88%
40.56%
43.39%
46.91%
25.50%
49.77%
48.53%
55.43%

Cost of Capital
6.72%
8.56%
7.95%
8.32%
7.65%
12.58%
4.32%
3.79%
6.78%
5.45%
10.64%
4.99%
7.59%
7.97%
7.08%
7.20%
11.58%
8.65%
8.74%
7.85%
10.64%
8.72%
7.82%
10.96%
10.00%

7.60%
10.08%
11.24%
8.78%
6.97%
7.71%
6.94%
4.83%
3.43%
7.59%
3.93%
7.90%
6.50%
8.43%
7.32%
8.28%
8.65%
4.77%
7.53%
7.36%
8.71%
8.78%
10.91%
9.26%
6.48%
9.50%
9.79%
6.32%
9.57%
8.41%
8.97%
8.72%
7.26%
7.30%
6.09%
8.80%
9.13%
6.47%
5.25%
5.19%
4.86%
7.06%
7.57%
6.73%
6.49%
5.93%

6.81%
6.47%
5.97%
9.82%
9.18%
8.92%
14.06%
13.39%
9.98%
7.68%
11.99%
10.35%
9.30%
8.43%
8.92%
9.85%
6.91%
6.77%
6.88%
5.70%
5.89%
5.72%
6.71%
4.95%
6.09%