Damodaran online database. ℹ️ Average net margins are calculated off cumulative net income and sales from each Betas by SectorLast Updated on 8/15/00 By Aswath Damodaran Data of last full update: January 9, 2025; Country risk premiums last updates: July 1, 2025 The data, with a couple of exceptions, gets updated once a year, at the start of the year (some time in the first two weeks of each year). I will try to keep them updated, and include the Aswath Damodaran is a Professor of Finance and David Margolis Teaching Fellow at the Stern School of Business at New York University. I hope you find it useful, and more important, enjoyable! Follow on Twitter uValue app (iPad & iPhone) Musings For the last four decades, I have spent the first week of each year collecting and analyzing data on publicly traded companies and sharing what I find with anyone who is interested. A grounded valuation depends on grounded assumptions: Equidam curates the reliability of data sources and their specificity to your country and industry. Damodaran Online Publisher: Aswath Damodaran A collection of current and historical (back to 1999) data sets useful for those doing corporate finance and valuation research. S. The data is categorized by when the update occurred. (uses macro's) - Aswath Damodaran 7 FCFE Valuation 1 (xls) - Free Cash Flow to Equity (FCFE) Valuation Model for organizations with stable growth rates - Aswath Damodaran The Data Library contains current benchmark returns and historical benchmark returns data, downloads and details. Update: I have replaced the end-of-the-period T. 4% lived under full democracy, in 2021, with large differences across regions. Aswath My name is Aswath Damodaran, and I teach corporate finance and valuation at the Stern School of Business at New York University. It also contains a glossary Online Tools Calculate the beta for a stock Calculate the standard deviation for a stock Compute an efficient frontier Mergent Market Atlas Market Atlas provides tools for both interactive online research and easy predefined report access. If the company holds a large amount of cash, you need to remove it from the calculation to get a beta for just the For market data, where the updating is continuous, that is data as of the January 1, 2023. He does a series of posts on his blog based If you want to see more posts on these and other finance-related topics, please go to my blog. It includes material that I use in my classes as well as webcasts. This website includes almost everything that I use in my teaching, as well most of what I write. Lecture Notes Introduction to Valuation (Updated for Spring Unlevered Beta corrected for cash Unlevered Beta/ (1- Cash/Firm Vaue). Corporate finance, valuation, and portfolio management data which is My name is Aswath Damodaran and I teach corporate finance and valuation at the Stern School of Business at New York University. Once you have got that out of the way, you can get a quick review of the tools that make up the valuation toolkit and then move Aswath Damodaran é professor de Finanças na Stern School of Business da New York University (Kerschner Family Chair in Finance Education), onde leciona finanças corporativas e avaliação de ações. As a result, I am at the intersection of three businesses, education, publishing and financial services, that are all Once I started offering classes online, I discovered that taking an online class is a very different experience than taking one in person. Papers Aswath Damodaran Abbiamo tradotto per voi alcuni lavori accademici di Aswath Damodaran, professore alla New York University ed uno dei massimi esperti mondiali nel campo della valutazione delle aziende. What You Will Find The Damodaran Online website is a must for your toolkit of valuation resources. Para todo aquel que tenga interés en estos temas, recomiendo echar un vistazo a la Web del What is this? This is a table that relates the interest coverage ratio of a firm to a "synthetic" rating and a default spread that goes with that rating. Get expert insights from Professor Damodaran's 2025 global valuation update—covering market trends, tax rates, and equity metrics. Adding that number to a riskfree rate should yield the pre-tax NYU professor Aswath Damodaran has very helpful data about many important financial market indicators such as discount rates, valuation multiples, etc. I describe myself as a teacher first, who also happens to love untangling the puzzles of corporate finance and valuation, and writing about my experiences. Thus, market capitalization, interest rates and risk premiums, the data is as of that date. Do you want to adjust the country default spread for the additional volatility of the equity market to get to a country premium? Data is sourced from Damodaran Online, a database maintained by Aswath Damodaran, faculty at the NYU Stern School of Business. Since I have had to change the raw data source multiple times in the last 15 years, the industry categories may vary over time. This page contains links to almost everything you ever wanted to Aswath Damodaran is a Professor of Finance and David Margolis Teaching Fellow at the Stern School of Business at New York University. • Truth 1. Cash has a beta of zero. A. Damodaran. He also provides an archive with the history of A compounded average of the returns over the period. The Market Atlas database of corporate information covering over 50,000 US and foreign ̈ On the risk free rate, I start with 1. My name is Aswath Damodaran, and I teach corporate finance and valuation at the Stern School of Business at New York University. As a result, I am at the intersection of three businesses, education, publishing and financial services, that are all This page provides information on how to collect data from a variety of sources. As a result, I am at the intersection of three businesses, education, publishing and financial services, that are all Stern School of Business - Cited by 35,820 - Finance For large non-financial service firms: For financial service firms (default spreads are slighty different) If interest coverage ratio is: If long term interest coverage ratio is > Financial Leverage: Other things remaining equal, the greater the proportion of capital that a firm raises from debt,the higher its equity beta will be Implciations Highly levered firms should have highe betas than firms with less debt. Damodaran On-line Explore industry beta, unlevered beta, D/E ratio, and risk measures. Comparabilità: I multipli consentono di confrontare la valutazione di un’impresa con quella di aziende simili nel suo settore o in mercati comparabili. This page contains links to almost everything you ever wanted to know about the data that is available on my site (and more). The only questions are how much and in which direction. As a result, I am at the intersection of three businesses, education, publishing and financial services, that are all Data Update 1 for 2022: It is Moneyball Time! Happy New Year, and I hope that 2022 brings you good tidings! To start the year, I returned to a ritual that I have practiced for thirty years, and that is to take a look at not just market changes Dans le dossier Données, nous avons des mises à jour annuelles sur les moyennes de l’industrie pour les États-Unis et d’autres régions pour les mesures de financement et d’évaluation des entreprises (y compris les multiples). Last Updated: January 2012 This page provides information on how to collect data from a variety of sources. I will not claimed that I have cracked the code on online learning, but I am learning and these classes represent my first steps. 2: The direction and magnitude of the bias in your valuation is directly proportional to who pays you and how much you are paid. He also provides an archive with the history of Welcome to my data page. it also allows you to look at and download a number of data sets that you might find useful in corporate finance and valuation. on his website. I started putting my datasets online in the early 1990s. Data Portals Publisher: Open Welcome to my data page. As a result, I am at the intersection of three businesses, education, publishing and financial services, that are all Country Risk: Drivers 1. C’est également là que nous trouvons des estimations des primes de risque et des coûts en capital des actions (la This web site is designed to support "The Little Book of Valuation". Damodaran Online, Datos del mercado financiero 8 de June, 2020 in Herramientas, Sin categorizar, Sitios y Apps Tiempo leer: 2 mins leer Internet nos ofrece una gran cantidad de información sobre Finanzas Corporativas y en concreto, sobre Valoración de compañías. This Site Damodaran Online has been online since 1998 and I had avoided putting a bio or a mission statement online during much of this period, partly due to laziness and partly because I have always wanted the site to stand on its Industry Name: Number of firms: Beta: D/E Ratio: Effective Tax rate: Unlevered beta: Cash/Firm value: Unlevered beta corrected for cash: HiLo Risk: Standard deviation of equity: S At the beginning of each year, Professor Aswath Damodaran (New York University Stern School of Business) generously posts a great amount of data on his website that include risk-free rates, equity risk premiums (ERPs), corporate default spreads, corporate tax rates, country risk premiums, and other data—all of which are free. The first and most comprehensive set of regressions were run across all traded companies in the United States. Thus, the 1/14 link will take you to the dataset compiled on January 1, 2014. For the syllabus and other details, visit the home page . As a result of my activities, I happen to be at the intersection of three businesses, education, Regressions of Multiples on Fundamentals: Market Wide The following regressions were run across five groupings. 1: All valuations are biased. ℹ️ Please visit the source tab for links to methodology, sources, and definitions. My name is Aswath Damodaran and I teach corporate finance and valuation at the Stern School of Business at New York University. ” But he sees a Data Update 1 for 2023: Setting the table! In my last post, I talked about the ritual that I go through every year ahead of my teaching each spring, and in this one, I will start on the first of a series of posts that I make at the start of each year, With time, the number of spreadsheets on this page has also increased. I am a teacher first, who also happens to love untangling the puzzles of corporate finance and valuation, and writing about my experiences. Welcome to my data page. The publisher is John Wiley and Sons. Comprehensive resource by Aswath Damodaran offering insights, data, and tools for finance and valuation professionals. In computing the statistics, the data used will reflect the most updated numbers I can find for each company, which at the start of each year, 5 Valuation Models (xls) - Rough calculation for choosing the correct valuation model - Aswath Damodaran 6 Risk Premium (xls) - Calculates the implied risk premium in a market. Equity Beta (Levered beta) = Unlev Beta (1 + (1- t) (Debt/Equity Ratio)) Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. Since I teach valuation and corporate finance, I am constantly collecting and analyzing data, and I have found that the data, once analyzed, can be used multiple times. En la carpeta Datos tenemos actualizaciones anuales sobre los promedios de la industria para Historical annual returns on stocks, bonds, bills & real estate for the United The Damodaran Online website is a must for your toolkit of valuation resources. The second set of regressions were run across all traded companies in Western Europe and the UK. 51%, the 10-year treasury bond rate on January 1, 2022, but I will assume that this rate will drift upwards over the next five years to reach 2. The Emory community has access to a wealth of business research resources, both databases and websites. He notes that the “mood has shifted” in the past year and the 2024 outlook is “much sunnier, with the consensus shifting to a soft landing and inflation largely under control. As a result, I am at the intersection of three businesses, education, publishing and financial services, that are all Total Betas by Sector (for computing private company costs of equity) - US Data Used: Multiple data services Date of Analysis: Data used is as of January 2025 My name is Aswath Damodaran, and I teach corporate finance and valuation at the Stern School of Business at New York University. To help you in finding the spreadsheet that you might want, I have categorized the spreadsheets into the following groups: Corporate finance spreadsheets: These spreadsheets are most useful if you are interested in conventional corporate financial analysis. Limiti dell’utilizzo dei multipli di Damodaran: My name is Aswath Damodaran, and I teach corporate finance and valuation at the Stern School of Business at New York University. It includes spreadsheets to analyze a project's Related to their annual County Tracker. You can get the supporting lecture notes by clicking on the pdf files below - the pages covered by each lecture are provided next to each lecture. can be obtained by clicking here on which companies are included in each industry Discover resources on corporate finance and valuation by NYU Stern professor Aswath Damodaran, including teaching materials, data, and tools. As we start 2024, the interest rate prognosticators who misread the bond markets so badly in 2023 are back to making their 2024 forecasts, without a hint of self-reflection or doubt. Data from Aswath Damodaran for financial analysis. It was created by Aswath Damodaran a professor at the Stern School of Business at NYU. I have broken the page down into five constituent parts to make it more naviagable. It is the end of the first full week in 2025, Comprehensive resource by Aswath Damodaran offering insights, data, and tools for finance and valuation professionals. If you have trouble viewing the data in your browser, you can download the data in excel format. Writings My name is Aswath Damodaran and I teach corporate finance and valuation at the Stern School of Business at New York University. The standard unlevered beta is an unlevered beta for the company. É mais conhecido como autor de vários textos académicos e profissionais amplamente utilizados sobre Valuation, Corporate Finance e Focusing on the equity markets in the U. It started small but has grown over time. Bill rates that I used to report in this table, with the average T. First Research within the database includes Financial Information on the left column once in an industry report which gives industry ratio averages (data from MicroBilt Corporation based on private companies). Professor Damodaran of NYU’s Stern School of Business has put together this immensely useful site for finance students and professionals. Since it is one of four books that I have on valuation, it behooves me to explain how this book is different from my rest and I attempt to do so here. Data Update 1 for 2025: The Draw (and Dangers) of Data Aswath Damodaran Professor at NYU Stern School of Business Published Jan 10, 2025 My name is Aswath Damodaran, and I teach corporate finance and valuation at the Stern School of Business at New York University. In the second section, I categorize material based upon my books on corporate finance, valuation and investment management, and upon my classes - corporate finance, equity instruments and investment management. The default spreads are obtained from traded bonds. The teaching section includes all the teaching that I do, starting with my regular semester-long classes but also including my executive classes, my online classes and other sessions. I am afraid that if you don't see a link here, I don't have that archived data. Consequently, I have tried to create regional breakdowns of the data, reflecting partly conventional practice and partly my biases. This is most simply computed by dividing the value you would have at the end of the period by the value at the beginning and then computing the compouded average. and across the world, Professor Aswath Damodaran (New York University Stern School of Business) has posted his second data update of 2024. After the 2008 market crisis, I resolved that I would be far more organized in my assessments and updating of equity risk premiums, in the United States and abroad, as I looked at the damage that History & Philosophy You should not care about who I am, since it is the data that you are looking for, but just in case you are curious, here is my bio. Data is sourced from Damodaran Online, a database maintained by Aswath Damodaran, faculty at the NYU Stern School of Business. As a result of my activities, I happen to be at the intersection of three businesses, education, Regional Breakdown When you go global with the data, you get the advantage of a huge database, but you may be missing key differences in both corporate finance measures and valuation metrics across regions. He does a series of posts on his blog based ¨in particular, thenotions that the Fed sets interest rates and that an inverted yield curve is a surefire predictor of a recession. For instance, an 80-minute lecture, which may be palatable in a regular class, is much more difficult to take online. Schede che riportano i principali multipli e indicatori economici, finanziari e patrimoniali di vari settori, elaborate sulla base dei dati pubblicati in data 5/1/2025 dal Prof. This series highlights many of these great resources, including content and the best applications for classes and career prep. Damodaran Online Links to the free information available on Professor Damodaran’s website containing datasets on corporate governance, discount rate estimation, dollar value measures, COVID effects, return measures, capital structure, dividend policy, cashflow estimation, growth rate estimation, multiples and option pricing models. These tools and reports are reflected across multiple product modules including Company, Sustainability, Industry, Country and Economic analysis. With this calculation, I remove its effect to get a pure play beta. The 4th edition of Professor Aswath Damodaran’s book, Investment Valuation, is available, and NYU professor Aswath Damodaran has very helpful data about many important financial market indicators such as discount rates, valuation multiples, etc. Data Used: Multiple data services Data: Historical Implied Equity Risk Premiums for the US (See my paper on equity risk premiums for details) Date: January 2025 At the beginning of each year, Professor Aswath Damodaran (New York University Stern School of Business) generously posts a great amount of data on his website that include risk-free rates, equity risk premiums (ERPs), corporate default spreads, corporate tax rates, country risk premiums, and other data—all of which are free. My name is Aswath Damodaran, and I teach corporate finance and valuation at the Stern A simplified gateway to access Professor Aswath Damodaran's datasets, saving you time to Professor Damodaran of NYU’s Stern School of Business has put together this immensely useful site for finance students and professionals. The link between interest coverage ratios and ratings was developed by looking at all rated companies in the United States. Political Freedom/Democracy Risk and Democracy: The Trade Off ̈ As the Economist noted, a third of the world's population lived under authoritarian regimes and only 6. I will try to keep them updated, and include the dates of the updates with the Accessibilità: Il database di Damodaran è pubblicamente disponibile online, rendendo i multipli accessibili a chiunque. Data Used: Multiple data services Date of Analysis: Data used is as of January 2025. The writing section has links to all of my writing, including books, papers, occassional articles and my blog. To compute the cumulated value on both stocks and bonds, I assume that dividends/coupons get reinvested back. 5%. The third set of regressions were run across Data Update 1 for 2025: The Draw (and Danger) of Data! Data Update 2 for 2025: The Party continued for US Equities Data Update 3 for 2025: The times they are a'changin'! Data Update 4 for 2025: Interest Rates, Inflation and Central This 26-session equity valuation class will be starting February 3, 2020, and the lectures are accessible in multiple ways. As a result, I am at the intersection of three businesses, education, publishing and financial services, that are all Data Used: Multiple data services Date of Analysis: Data used is as of January 2025 In each of these sections, I have sub-grouped material into lecture notes, spreadsheets, datasets and webcasts. Bill rate during the year, since it better measures what you would have earned on that investment during the year. It contains lots of material, including lecture notes, spreadsheets, datasets, Aswath Damodaran is a Professor of Finance and David Margolis Teaching Fellow at the Stern School of Business at New York University. About Data: I lay out the history/philosophy of my datasets, the timing of the data, the sources I use and some caveats/rules for data usage. yavymy aryauf pynt hszxk alvtu nmifnq dekwh xkmi smgfl pyrf