We determine the monthly industry betas for the 18 DAXsector Prime-Standard sectors (German industry betas) as well as for the 24 sectors of the S&P Europe Board Market Index (European industry betas) and provide a monthly summary overview.
Industry betas are derived from the regression of an industry index against a broad market index. The companies contained in the individual industry betas usually have a wide spread of their range of products and services. The reference to the business and risk profile of the valuation object must be critically assessed. Industry betas are, in the best case, mere approximations for the determination of an estimated company value and cannot replace the consideration of suitable benchmark companies (peer groups) and detailed calculations.
We are available to determine peer groups, beta factors and capital costs for your project.