Beta desapalancado

Industry Group Number of firms Beta D/E Ratio Tax rate Unlevered beta Cash/Firm value Unlevered beta corrected for cash
Advertising 54 0.58 10.82% 13.11% 0.53 16.77% 0.64
Aerospace/Defense 47 0.59 11.62% 9.03% 0.54 8.01% 0.58
Air Transport 71 0.63 53.32% 11.82% 0.43 9.04% 0.47
Apparel 712 0.71 22.79% 14.09% 0.59 7.28% 0.64
Auto & Truck 76 0.85 9.39% 12.49% 0.79 10.15% 0.88
Auto Parts 3220.74 14.14% 16.59% 0.66 4.99% 0.70
Bank 460 0.60 81.72% 18.62% 0.36 23.48% 0.47
Banks (Regional) 86 0.41 129.20% 17.54% 0.20 23.02% 0.26
Beverage 44 0.49 11.21% 16.38% 0.45 3.01% 0.46
Beverage (Alcoholic) 122 0.50 5.32% 18.24% 0.48 5.26% 0.51
Biotechnology 91 0.72 5.89% 6.89% 0.68 6.56% 0.73
Broadcasting 57 0.82 15.89% 17.52% 0.73 8.40% 0.79
Brokerage & Investment Banking 269 0.73 27.78%14.51% 0.59 30.94% 0.86
Building Materials 192 0.56 23.65% 13.04% 0.46 6.05% 0.49
Business & Consumer Services 111 0.56 9.83% 13.49% 0.52 14.73% 0.61
Cable TV 24 0.69 14.72% 11.85% 0.61 4.46% 0.64
Chemical (Basic) 484 0.64 25.43% 14.31% 0.53 6.54% 0.56
Chemical (Diversified) 40 0.90 13.72% 15.54% 0.81 3.62% 0.84
Chemical (Specialty) 353 0.73 15.73% 15.94% 0.65 4.32% 0.68
Coal & Related Energy81 1.03 11.39% 15.02% 0.94 10.00% 1.05
Computer Services 388 0.69 6.91% 13.67% 0.65 6.16% 0.69
Computer Software 302 0.80 3.27% 10.99% 0.78 9.17% 0.86
Computers/Peripherals 221 0.64 23.94% 12.27% 0.53 20.77% 0.67
Construction 325 0.63 27.26% 11.65% 0.51 3.71% 0.53
Diversified 276 0.61 44.34% 13.20% 0.44 11.10% 0.50
Educational Services 58 0.67 4.26% 13.21% 0.65 7.88% 0.70
ElectricalEquipment 450 0.72 11.40% 15.26% 0.66 8.55% 0.72
Electronics 577 0.62 20.41% 12.07% 0.53 11.72% 0.60
Electronics (Consumer & Office) 129 0.65 34.71% 11.01% 0.49 16.62% 0.59
Engineering 613 0.81 36.48% 15.74% 0.62 15.01% 0.73
Entertainment 110 0.86 20.78% 9.38% 0.73 8.57% 0.79
Environmental & Waste Services 68 0.83 16.40% 13.40% 0.73 7.87% 0.79
Farming/Agriculture 239 0.57 24.03% 13.59% 0.47 4.88%0.49
Financial Svcs. 227 0.56 57.93% 14.04% 0.37 9.62% 0.41
Financial Svcs. (Non-bank & Insurance) 53 0.68 79.25% 14.89% 0.41 12.55% 0.47
Food Processing 705 0.57 21.68% 13.70% 0.48 6.29% 0.51
Food Wholesalers 33 0.60 38.92% 15.13% 0.45 9.65% 0.50
Furn/Home Furnishings 193 0.59 22.42% 14.48% 0.50 12.60% 0.57
Healthcare Services 72 0.67 13.35% 18.55% 0.61 11.27% 0.69
Heathcare Informationand Technology 23 1.06 11.03% 8.27% 0.97 4.68% 1.01
Heathcare Products & Services 119 0.72 7.13% 11.91% 0.68 5.82% 0.72
Heathcare Services 60 0.31 44.26% 16.36% 0.22 3.77% 0.23
Heavy Construction 182 0.83 19.23% 14.11% 0.71 9.67% 0.78
Homebuilding 44 0.95 44.39% 14.05% 0.69 9.88% 0.76
Hotel/Gaming 342 0.61 17.44% 13.20% 0.53 7.04% 0.57
Household Products 198 0.54 7.17% 13.68% 0.51 4.33% 0.53Information Services 45 0.90 5.15% 11.21% 0.86 3.58% 0.89
Insurance (General) 145 0.39 11.37% 8.62% 0.35 8.08% 0.38
Insurance (Life) 53 0.45 13.44% 14.51% 0.40 31.12% 0.58
Insurance (Prop/Cas.) 117 0.48 10.57% 10.35% 0.44 20.83% 0.56
Intenet software and services 141 0.80 3.81% 10.81% 0.78 4.74% 0.82
Investment Co. 128 0.62 39.91% 5.93% 0.45 6.49% 0.48
Machinery 540 0.71 42.95% 15.09% 0.529.01% 0.57
Metals & Mining 291 0.87 14.33% 12.83% 0.78 5.20% 0.82
Office Equipment & Services 54 0.53 14.52% 11.69% 0.47 8.75% 0.52
Oil/Gas (Integrated) 26 0.74 20.87% 18.95% 0.63 5.60% 0.67
Oil/Gas (Production and Exploration) 103 0.98 11.29% 11.56% 0.89 5.19% 0.94
Oil/Gas Distribution 64 0.77 98.65% 9.42% 0.41 13.76% 0.47
Oilfield Svcs/Equip. 212 0.81 19.20% 13.07% 0.69 4.44% 0.72Packaging & Container 219 0.50 35.48% 15.32% 0.38 9.06% 0.42
Paper/Forest Products 188 0.66 53.98% 11.42% 0.44 7.32% 0.48
Pharma & Drugs 464 0.59 8.19% 15.02% 0.55 4.90% 0.58
Power 387 0.52 46.90% 14.74% 0.37 5.95% 0.40
Precious Metals 85 0.77 6.83% 12.60% 0.73 3.30% 0.75
Publshing & Newspapers 150 0.52 9.45% 13.47% 0.48 5.97% 0.51
R.E.I.T. 33 0.71 24.35% 1.74% 0.57 3.34% 0.59
Railroad 14 0.60...