Industry

Name

Advertisin
g
Aerospac
e/Defens
e
Air
Transport

Apparel
Auto &
Truck
Auto
Parts
Bank
(Money
Center)
Banks
(Regional
)
Beverage
(Alcoholic
)
Beverage
(Soft)
Broadcast
ing
Brokerag
e&
Investme
nt Bank

Cash/Fi Unlevered beta

Standard
Number
D/E Tax Unlever
rm
corrected for HiLo deviation of
of firms Beta Ratio rate ed beta value
cash
Risk
equity

44

1.0 56.2 3.9

8
6% 0%

92

13.
1.3 20.5 51
3
0% %

20

18.
1.2 69.7 34
7
8% %

63

13.
1.0 27.8 84
6
6% %

19

0.9 128. 8.0

6 04% 1%

65

1.2 32.9 9.6

9
1% 4%

25.
1.1 216. 82
1 41% %

0.43 9.98%

644

24.
0.5 78.5 11
1
9% %

11.86
%

22

11.
0.9 18.2 28
4
5% %

43

1.1 22.9 5.9

5
8% 7%

29

21.
1.2 94.7 20
9
3% %

0.74 1.90%

42

18.
1.3 285. 15
5 54% %

11.33
%

0.70 5.18%

1.13 5.53%

0.81 4.42%

0.85 3.43%
0.44 6.94%
0.99 8.65%

0.32

0.81 1.29%
0.95 4.20%

0.40

0.74

0.64
15

71.03%

1.20

0.47
06

46.90%

0.85

0.45
83

51.95%

0.88

0.52
64

60.62%

0.47

0.53
15

33.71%

1.08

0.50
60

55.06%

0.47

0.15
76

32.77%

0.36

0.17
68

28.93%

0.82

0.54
31

58.51%

0.99

0.61
25

54.55%

0.75

0.40
36

47.22%

0.46

0.39
91

48.05%

Building
Materials
Business
&
Consume
r Services

Cable TV
Chemical
(Basic)
Chemical
(Diversif
ed)
Chemical
(Specialty
)
Coal &
Related
Energy
Computer
Services
Computer
s/Peripher
als
Construct
ion
Supplies
Diversife
d
Drugs
(Biotechn
ology)

39

22.
1.1 33.1 43
8
5% %

159

13.
1.1 35.3 76
9
3% %

19

17.
1.2 49.6 19
3
1% %

42

1.1 61.9 8.2

7
5% 4%

18.
1.5 38.2 35
5
7% %

104

1.2 31.3 8.4

5
8% 5%

38

1.4 312. 0.9

9 08% 5%

118

12.
1.1 28.8 84
7
7% %

64

1.3 18.6 5.4

3
5% 8%

52

17.
1.6 59.0 00
5
8% %

26

15.
1.0 55.7 20
1
2% %

411

1.2 14.2 1.8

8
9% 0%

0.94 4.47%

0.91 4.04%

0.87 1.41%
0.74 7.73%

1.18 6.35%

0.97 4.49%

0.36 6.03%

0.94 6.44%

1.13 7.38%

1.11 6.14%

0.68 6.92%

1.12 5.92%

0.98

0.36
19

44.27%

0.95

0.50
41

50.13%

0.89

0.43
84

41.58%

0.81

0.52
78

54.20%

1.27

0.42
31

40.56%

1.01

0.47
18

50.43%

0.39

0.74
00

86.78%

1.00

0.50
40

51.74%

1.22

0.49
64

63.91%

1.18

0.40
72

42.41%

0.74

0.39
35

27.37%

1.19

0.57
88

88.89%

Drugs
(Pharmac
eutical)

157

1.0 13.0 3.9

2
1% 0%

0.90 3.71%

40

12.
1.0 46.2 05
5
4% %

12.90
%

120

1.1 21.9 6.5

5
1% 8%

25

1.2 14.8 9.7

3
1% 1%

1.09 6.76%

167

1.0 19.7 9.4

3
9% 7%

11.28
%

51

11.
1.3 41.9 63
2
1% %

84

1.2 29.9 3.2

1
4% 5%

97

1.1 38.8 7.4

0
0% 9%

37

1.2 75.7 9.2

5
3% 8%

272

18.
0.6 1338 75
5 .71% %

Food
Processin
g

89

14.
0.8 26.1 09
9
6% %

Food

14

0.7 24.9 15.

Education
Electrical
Equipme
nt
Electronic
s
(Consum
er & Offic
Electronic
s
(General)
Engineeri
ng/Constr
uction
Entertain
ment
Environm
ental &
Waste
Servic
Farming/
Agricultur
e
Financial
Svcs.
(Nonbank & In

0.94

0.56
88

77.30%

0.86

0.53
33

59.62%

1.03

0.62
46

71.04%

1.16

0.56
00

63.42%

0.98

0.45
92

59.34%

1.07

0.50
27

57.02%

0.98

0.67
63

63.16%

0.82

0.61
08

65.51%

0.77

0.54
56

48.69%

0.06

0.26
86

34.97%

0.72 2.46%

0.74

0.42
37

38.29%

0.60 1.25%

0.61

0.40

54.49%

0.75

0.95 7.40%

0.87

0.96 9.84%
0.94 3.85%

0.81 1.09%

0.74 4.30%

0.05 2.25%

Wholesal
ers
Furn/Hom
e
Furnishin
gs

7%

85
%

20

30

15.
1.2 30.9 53
3
4% %

0.98 2.81%

28

1.6 132. 0.7

2 92% 7%

16.85
%

254

1.0 19.5 6.4

3
0% 2%

127

13.
1.0 28.6 84
5
2% %

126

1.1 17.7 6.9

1
0% 6%

34

21.
1.1 60.8 79
2
6% %

58

10.
0.8 98.4 41
2
6% %

73

11.
0.9 55.4 34
7
1% %

134

1.0 20.0 8.8

5
2% 6%

Informati
on
Services

70

16.
1.0 15.5 46
0
2% %

Insurance

20

1.0 42.7 21.

Green &
Renewabl
e Energy
Healthcar
e
Products
Healthcar
e Support
Services
Heathcar
e
Informati
on and Te
Homebuil
ding
Hospitals/
Healthcar
e
Facilities
Hotel/Ga
ming
Househol
d
Products

1.00

0.42
13

44.49%

0.84

0.66
92

62.36%

0.92

0.49
77

62.16%

0.89

0.53
28

54.32%

0.99

0.56
41

60.52%

0.81

0.33
52

41.71%

0.44

0.39
52

36.49%

0.68

0.42
14

46.75%

0.91

0.58
64

62.02%

0.89 3.49%

0.92

0.35
96

40.74%

0.78 4.76%

0.82

0.22

33.57%

0.70

0.87 5.32%

0.84 5.45%

0.95 3.45%

0.76 6.20%

0.44 1.35%

0.65 4.09%

0.89 3.21%

(General)
Insurance
(Life)
Insurance
(Prop/Cas
.)
Investme
nts &
Asset
Manage
Machiner
y
Metals &
Mining
Office
Equipme
nt &
Services
Oil/Gas
(Integrate
d)
Oil/Gas
(Producti
on and
Explo
Oil/Gas
Distributi
on
Oilfeld
Svcs/Equi
p.
Packagin
g&

6%

73
%

47

25

20.
1.2 79.0 29
8
7% %

53

21.
0.9 31.3 85
0
9% %

0.72 4.55%

145

1.1 76.3 7.9

7
7% 0%

14.65
%

130

15.
1.4 27.5 24
4
7% %

114

1.5 85.7 1.4

5
6% 2%

24

19.
1.8 60.5 14
2
6% %

1.5 16.5 8.1

4
0% 4%

351

1.6 82.4 2.9

3
8% 1%

79

1.2 94.3 5.6

2
6% 0%

143

1.7 39.0 9.5

4
8% 6%

25

1.2 54.7 21.

6
3% 41

0.91

0.27
33

35.59%

0.75

0.22
12

32.93%

0.81

0.39
26

37.84%

1.23

0.43
85

46.07%

0.87

0.74
87

91.02%

1.29

0.39
91

41.58%

1.38

0.52
30

50.24%

0.95

0.69
76

80.22%

0.65

0.43
87

47.82%

1.29 8.72%

1.41

0.55
52

69.62%

0.88 2.57%

0.91

0.79

0.69

13.57
%

1.16 5.33%
0.84 3.63%

1.22 5.83%

1.33 3.11%

0.91 4.47%

0.65 1.00%

0.35
42

32.10%

Container
Paper/For
est
Products

Power
Precious
Metals
Publshing
&
Newspap
ers
R.E.I.T.
Real
Estate
(Develop
ment)
Real
Estate
(General/
Diversif
Real
Estate
(Operatio
ns & Ser
Recreatio
n
Reinsuran
ce
Restaura
nt/Dining

20

15.
1.5 89.0 88
2
6% %

73

23.
0.8 83.4 38
0
4% %

0.49 2.51%

113

1.2 50.0 1.6

9
3% 0%

16.27
%

39

13.
1.4 49.5 67
5
7% %

221

0.7 89.8 2.1

6
1% 7%

21

1.4 62.8 1.0

1
9% 6%

12

1.2 25.4 9.6

2
7% 4%

55

11.
1.5 64.5 19
0
4% %

65

11.
0.9 31.6 33
1
1% %

0.71 4.48%

20.
1.0 39.4 37
3
8% %

12.27
%

83

18.
0.7 25.8 54
6
5% %

0.87 3.02%

0.87

1.01 5.28%
0.41 1.44%

0.87 6.72%

0.99 3.68%

0.95 4.19%

0.78

0.63 2.12%

0.89

0.38
52

38.53%

0.50

0.26
07

29.31%

1.03

0.70
30

93.13%

1.07

0.44
52

51.60%

0.41

0.21
71

25.71%

0.93

0.55
35

36.15%

1.03

0.35
18

40.76%

0.99

0.53
82

43.44%

0.75

0.48
01

45.47%

0.89

0.12
55

29.15%

0.64

0.41
50

40.67%

Retail
(Automoti
ve)

26

21.
1.0 53.1 18
6
6% %

23.
1.4 18.7 18
7
3% %

83

16.
1.2 60.3 42
2
4% %

19

24.
1.1 39.4 75
6
9% %

17

23.
1.0 46.8 56
4
9% %

39

11.
1.5 8.49 14
8
%
%

124

19.
1.0 46.6 95
7
8% %

0.78 3.47%

1.6 65.2 9.6

6
6% 0%

11.26
%

87

1.3 12.5 9.5

9
7% 1%

1.24 5.50%

46

11.
1.4 37.5 25
0
7% %

14.27
%

11

11.
1.2 56.9 82
4
5% %

Shoe

11

18.
0.8 6.79 12
2
%
%

Software
(Entertain

17

Retail
(Building
Supply)
Retail
(Distribut
ors)
Retail
(General)
Retail
(Grocery
and Food)
Retail
(Online)
Retail
(Special
Lines)
Rubber&
Tires
Semicond
uctor
Semicond
uctor
Equip
Shipbuildi
ng &
Marine

1.4 10.2 1.5

2
3% 6%

0.76

0.32
11

46.34%

1.31

0.35
98

50.34%

0.83

0.50
10

52.36%

0.92

0.29
35

46.87%

0.77

0.38
36

51.57%

1.53

0.53
92

50.54%

0.81

0.45
67

50.69%

1.18

0.50
27

38.00%

1.32

0.41
18

51.24%

1.22

0.40
48

54.21%

0.84

0.49
48

60.89%

0.78 3.85%

0.81

0.43
92

39.02%

1.29

1.46

0.75 1.05%

1.29 1.52%

0.81 1.85%

0.90 3.12%

0.76 1.23%

1.46 4.03%

1.04

1.05

0.83 1.76%

12.11
%

0.59
59

54.18%

ment)
Software
(Internet)
Software
(System
&
Applicati

Steel
Telecom
(Wireless)
Telecom.
Equipme
nt
Telecom.
Services

Tobacco
Transport
ation
Transport
ation
(Railroads
)

Trucking
Unclassif
ed
Utility
(General)

308

1.3 4.43 3.8

4
% 0%

241

1.3 12.1 6.3

3
8% 4%

36

11.
1.4 91.7 49
3
5% %

19

1.4 150. 9.3

8 55% 8%

121

1.2 20.7 8.8

9
2% 6%

65

11.
0.9 78.1 89
5
0% %

20

11.
1.9 19.8 64
1
4% %

21

18.
1.4 31.1 82
1
2% %

12

15.
1.1 30.4 11
5
9% %

26

31.
1.6 101. 25
9 22% %

0.2 100. 0.0

3 42% 0%

20

26.
0.5 70.5 58
5
1% %

1.28 3.29%

1.19 4.43%

0.79 8.70%
0.62 4.01%

1.09 6.98%

0.56 1.77%

1.63 2.01%

1.13 5.19%

0.92 1.31%

1.00 3.04%
0.11 0.35%

0.36 0.65%

1.33

0.62
66

64.71%

1.25

0.50
48

59.22%

0.86

0.45
02

51.52%

0.65

0.50
72

45.11%

1.17

0.47
71

57.78%

0.57

0.47
42

52.25%

1.66

0.69
63

48.90%

1.19

0.39
69

40.03%

0.93

0.41
47

31.20%

1.03

0.40
31

43.08%

0.11

0.43
00

24.61%

0.36

0.15
81

25.03%

Utility
(Water)
Total
Market

18

14.
0.4 49.0 60
7
0% %

10.
1.1 71.4 95
7480 3
9% %

0.33 0.70%

0.69 4.81%

0.33

0.31
23

36.78%

0.73

0.46
81

51.65%