Date updated: 5-Jan-18

Created by: Aswath Damodaran, adamodar@stern.nyu.edu

What is this data? Beta, Unlevered beta and other risk measures India
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
Do you want to use marginal or effective tax rates in unlevering betas? Marginal
If marginal tax rate, enter the marginal tax rate to use 30.00%
Effective
Industry Name Number of firms Beta D/E Ratio Tax rate Unlevered beta Cash/Firm value Unlevered beta corrected for cash HiLo Risk Standard deviation of equity
Advertising 3 0.69 1.23% 21.08% 0.69 0.08% 0.69 0.4689 42.09%
Aerospace/Defense 4 1.60 0.08% 24.97% 1.60 0.00% 1.60 0.2882 37.84%
Air Transport 5 0.84 32.69% 5.11% 0.69 5.54% 0.73 0.4224 37.27%
Apparel 315 0.97 25.04% 17.47% 0.82 4.07% 0.86 0.3515 40.24%
Auto & Truck 12 1.88 10.77% 17.51% 1.75 4.09% 1.82 0.2610 27.67%
Auto Parts 94 1.66 6.31% 23.53% 1.59 1.20% 1.61 0.3664 36.20%
Bank (Money Center) 37 2.52 46.80% 19.29% 1.90 11.29% 2.14 0.2608 29.25%
Banks (Regional) 1 1.83 25.30% 0.00% 1.56 57.69% 3.68 0.3295 30.91%
Beverage (Alcoholic) 19 0.60 2.64% 19.59% 0.59 0.08% 0.59 0.3849 34.94%
Beverage (Soft) 3 0.78 14.23% 27.07% 0.71 0.02% 0.71 0.3735 38.12%
Broadcasting 14 1.12 2.98% 17.47% 1.10 1.37% 1.11 0.3096 33.64%
Brokerage & Investment Bank 150 0.65 81.18% 16.67% 0.41 7.52% 0.45 0.4292 43.40%
Building Materials 45 1.19 11.32% 19.15% 1.10 0.79% 1.11 0.3740 41.76%
Business & Consumer Service 31 0.42 4.76% 16.83% 0.40 2.70% 0.41 0.3772 35.36%
Cable TV 8 1.19 15.09% 4.45% 1.07 3.20% 1.11 0.3348 29.45%
Chemical (Basic) 129 1.40 8.62% 20.78% 1.32 0.97% 1.34 0.3823 39.11%
Chemical (Diversified) 11 1.92 10.54% 19.27% 1.79 2.23% 1.83 0.2792 30.29%
Chemical (Specialty) 132 1.26 8.82% 22.54% 1.18 1.03% 1.20 0.3431 38.64%
Coal & Related Energy 4 1.10 0.25% 17.26% 1.10 18.32% 1.35 0.2659 20.89%
Computer Services 102 0.83 3.10% 16.14% 0.81 3.48% 0.84 0.3624 38.09%
Computers/Peripherals 9 0.22 16.78% 4.03% 0.20 5.32% 0.21 0.3743 46.02%
Construction Supplies 88 1.90 15.11% 18.77% 1.72 0.66% 1.73 0.3447 35.71%
Diversified 12 1.84 4.42% 14.02% 1.78 0.39% 1.79 0.3231 32.73%
Drugs (Biotechnology) 8 1.33 6.37% 12.24% 1.27 1.97% 1.29 0.4595 42.89%
Drugs (Pharmaceutical) 144 1.23 15.61% 17.96% 1.11 3.29% 1.15 0.3137 36.12%
Education 21 1.08 10.94% 20.12% 1.00 3.24% 1.03 0.3326 41.23%
Electrical Equipment 96 1.38 11.45% 17.45% 1.28 0.97% 1.29 0.3666 38.76%
Electronics (Consumer & Offic 7 1.41 11.71% 4.69% 1.31 1.76% 1.33 0.5216 49.78%
Electronics (General) 19 0.71 5.04% 12.99% 0.68 3.09% 0.71 0.3784 36.94%
Engineering/Construction 125 1.71 50.35% 17.76% 1.26 2.32% 1.29 0.3686 42.06%
Entertainment 49 0.79 29.47% 11.23% 0.66 1.12% 0.67 0.4044 42.17%
Environmental & Waste Servi 3 1.86 4.13% 15.39% 1.81 1.07% 1.83 0.4546 57.77%
Farming/Agriculture 44 1.22 16.86% 14.42% 1.09 0.81% 1.10 0.3865 40.33%
Financial Svcs. (Non-bank & 194 0.89 94.72% 19.94% 0.54 1.53% 0.55 0.3963 36.17%
Food Processing 163 1.37 4.13% 16.76% 1.33 1.67% 1.35 0.3816 42.18%
Food Wholesalers 23 0.58 8.16% 17.83% 0.55 45.46% 1.01 0.4432 43.97%
Furn/Home Furnishings 27 0.97 6.54% 20.16% 0.93 1.46% 0.94 0.3769 36.30%
Green & Renewable Energy 13 1.24 16.83% 5.80% 1.11 3.05% 1.14 0.3578 41.22%
 Effective
Industry Name Number of firms Beta D/E Ratio Tax rate Unlevered beta Cash/Firm value Unlevered beta corrected for cash HiLo Risk Standard deviation of equity
Healthcare Products 6 0.61 35.50% 11.78% 0.49 0.26% 0.49 0.2811 43.19%
Healthcare Support Services 14 0.29 1.04% 20.98% 0.29 2.41% 0.30 0.3553 30.77%
Heathcare Information and T 10 1.15 7.31% 10.90% 1.09 0.92% 1.10 0.3381 37.89%
Homebuilding 1 NA 0.00% 35.04% #VALUE! 0.00% #VALUE! 0.1321 NA
Hospitals/Healthcare Facilities 16 0.81 10.77% 23.31% 0.76 0.21% 0.76 0.2301 29.70%
Hotel/Gaming 51 1.11 25.46% 18.06% 0.94 3.70% 0.98 0.3185 33.48%
Household Products 31 0.63 0.97% 20.96% 0.63 0.32% 0.63 0.3034 27.41%
Information Services 17 1.50 2.10% 22.33% 1.48 3.15% 1.52 0.3347 40.94%
Insurance (General) 1 2.26 61.03% 30.79% 1.58 0.78% 1.60 0.3422 26.39%
Insurance (Life) 4 1.19 0.07% 14.89% 1.19 0.98% 1.20 0.1574 27.13%
Insurance (Prop/Cas.) 2 NA 0.76% 20.08% #VALUE! 9.54% #VALUE! 0.1500 NA
Investments & Asset Manage 79 0.62 58.21% 13.01% 0.44 2.68% 0.45 0.4091 37.18%
Machinery 138 1.29 2.62% 23.62% 1.27 1.87% 1.29 0.3636 36.35%
Metals & Mining 32 1.54 16.73% 23.75% 1.38 0.53% 1.39 0.3820 45.88%
Office Equipment & Services 11 0.61 0.57% 16.06% 0.61 3.27% 0.63 0.3189 33.23%
Oil/Gas (Integrated) 0 0.00 NA 0.00% #VALUE! #DIV/0! #DIV/0! 0.0000 0.00%
Oil/Gas (Production and Explo 9 1.88 9.07% 22.41% 1.77 0.09% 1.77 0.2670 30.18%
Oil/Gas Distribution 9 1.59 30.12% 16.84% 1.31 4.35% 1.37 0.3240 34.26%
Oilfield Svcs/Equip. 20 1.80 21.55% 18.68% 1.56 0.19% 1.57 0.3170 39.97%
Packaging & Container 60 1.15 25.69% 19.60% 0.97 1.80% 0.99 0.3681 42.60%
Paper/Forest Products 53 0.83 53.52% 14.99% 0.61 0.66% 0.61 0.3912 42.00%
Power 34 1.48 33.06% 16.25% 1.20 0.58% 1.21 0.3040 29.52%
Precious Metals 3 1.14 41.51% 17.06% 0.88 3.51% 0.92 0.3263 45.37%
Publishing & Newspapers 19 0.68 9.27% 21.84% 0.64 2.35% 0.66 0.2951 24.38%
R.E.I.T. 0 0.00 NA 0.00% #VALUE! #DIV/0! #DIV/0! 0.0000 0.00%
Real Estate (Development) 109 1.03 31.47% 18.23% 0.84 1.95% 0.86 0.3770 41.11%
Real Estate (General/Diversifi 18 2.14 55.57% 22.36% 1.54 3.23% 1.59 0.4537 41.40%
Real Estate (Operations & Ser 21 0.22 10.53% 12.34% 0.20 0.43% 0.20 0.3368 34.66%
Recreation 14 1.00 37.33% 15.55% 0.79 1.56% 0.80 0.3250 40.95%
Reinsurance 1 NA 0.00% 11.60% #VALUE! 20.11% #VALUE! 0.0860 NA
Restaurant/Dining 8 0.86 20.19% 23.44% 0.75 5.98% 0.80 0.4074 33.34%
Retail (Automotive) 2 0.86 56.24% 42.92% 0.62 9.56% 0.68 0.3111 36.34%
Retail (Building Supply) 1 NA 6.66% 34.97% #VALUE! 0.14% #VALUE! 0.6254 NA
Retail (Distributors) 152 0.54 62.16% 15.60% 0.37 2.94% 0.39 0.4289 40.02%
Retail (General) 5 2.08 13.45% 19.96% 1.90 0.58% 1.91 0.5154 37.21%
Retail (Grocery and Food) 3 1.29 2.11% 31.99% 1.27 0.05% 1.27 0.5176 69.52%
Retail (Online) 8 0.85 1.68% 13.67% 0.84 6.98% 0.90 0.3430 51.77%
Retail (Special Lines) 15 1.46 6.30% 15.10% 1.40 0.44% 1.40 0.4283 56.48%
Rubber& Tires 16 1.52 16.19% 20.08% 1.36 1.27% 1.38 0.3073 32.68%
Semiconductor 8 1.39 19.38% 13.15% 1.22 0.75% 1.23 0.4525 56.32%
Semiconductor Equip 0 0.00 NA 0.00% #VALUE! #DIV/0! #DIV/0! 0.0000 0.00%
Shipbuilding & Marine 17 1.59 24.88% 22.65% 1.35 1.66% 1.37 0.3126 36.61%
Shoe 11 1.41 2.31% 21.68% 1.39 0.05% 1.39 0.3771 35.72%
Software (Entertainment) 0 0.00 NA 0.00% #VALUE! #DIV/0! #DIV/0! 0.0000 0.00%
Software (Internet) 14 0.33 1.11% 13.89% 0.32 0.66% 0.33 0.4273 38.20%
Software (System & Applicati 68 1.08 9.78% 15.59% 1.01 5.93% 1.07 0.3635 43.32%
Steel 158 1.51 56.48% 16.35% 1.08 1.65% 1.10 0.4122 44.83%
 Effective
Industry Name Number of firms Beta D/E Ratio Tax rate Unlevered beta Cash/Firm value Unlevered beta corrected for cash HiLo Risk Standard deviation of equity
Telecom (Wireless) 5 1.91 105.88% 10.00% 1.10 0.43% 1.10 0.4180 41.26%
Telecom. Equipment 21 1.36 8.68% 22.25% 1.28 2.73% 1.32 0.3858 39.55%
Telecom. Services 7 0.87 14.77% 4.19% 0.78 1.59% 0.80 0.3452 31.39%
Tobacco 5 1.58 0.02% 25.30% 1.58 0.01% 1.58 0.2665 34.31%
Transportation 26 1.51 35.95% 15.23% 1.21 1.28% 1.22 0.2811 37.53%
Transportation (Railroads) 2 1.09 0.07% 13.98% 1.09 0.00% 1.09 0.2194 20.62%
Trucking 10 0.60 9.71% 28.49% 0.56 0.75% 0.57 0.3285 38.17%
Utility (General) 0 0.00 NA 0.00% #VALUE! #DIV/0! #DIV/0! 0.0000 0.00%
Utility (Water) 2 1.06 16.03% 34.86% 0.96 3.89% 0.99 0.1724 38.79%
Total Market 3511 1.16 26.35% 18.04% 0.98 3.31% 1.02 0.3686 38.79%
Total Market (without financia 3043 1.12 17.29% 18.11% 1.00 2.02% 1.02 0.3645 #VALUE!
Effective
Marginal