The following guide provides sources for cost of equity capital data and related data such as equity risk and size premiums, with information provided for each resource including a description of its primary features and any information that is available free online.
Online platform allows users to access risk-free rates, equity risk premiums, and size premiums based on the subject company's valuation date and size, with data sources including the Federal Reserve (risk-free rates), The Center for Research in Security Prices (equity risk premiums, size premiums), and Dr. Asworth Damodaran (equity risk premiums). Trial access is available online.
Online subscription service includes the equity risk premia (ERP) data previously published in the Duff & Phelps Risk Premium Report as well as the historical risk-free rate, ERP, size premia, and industry risk premia (IRPs) data previously published in the Ibbotson® SBBI® Valuation Yearbook. Introductory webinar, tool preview video, and comprehensive FAQs guide are available free online.
Industry cost of capital guide provides cost of equity capital and weighted average cost of capital estimates for each of the industries included in the guide, and also provides information on sales, financial ratios, capital structure, valuation multiples, market capitalization, levered and unlevered betas, and long-term EPS growth rates for each industry. Quarterly updates are also available.
Annual reference guide provides country-level risk premia (CRP) estimated using the country credit rating and yield spread models, relative volatility (RV) factors estimated using the relative standard deviation model, and short-horizon and long-horizon equity risk premia (ERPs) in U.S. dollars and local currencies for investors in the U.S. and other countries. Semi-annual update is also available.
Industry cost of capital guide provides cost of equity capital and weighted average cost of capital estimates for each of the industries included in the guide, and also provides information on sales, financial ratios, capital structure, valuation multiples, market capitalization, levered and unlevered betas, and long-term EPS growth rates for each industry. Semi-annual update is also available.
Comprehensive analysis of public company market data provides detailed data sets covering topics such as implied equity risk premiums, levered and unlevered betas by industry sector, total beta by industry sector, and weighted-average costs of debt and equity capital by industry sector. Data sets are available on a global basis and for the U.S., Europe, Japan, China, India, and emerging markets.
Comprehensive survey provides required rates of return for various private capital market segments, with market segments covered in the survey include senior cash flow lenders, asset-based lenders, mezzanine funds, private equity groups, venture capital firms, and angel investors. Free copy of the current survey is available with registration; past surveys can be downloaded and viewed free online.
Annual Partnership Profiles rate of return study provides detailed information on historical rates of return for real estate entities such as non-publicly-traded real estate limited partnerships and real estate investment trusts (REITs), with rates of return for real estate limited partnerships including returns for distributing, nondistributing, low-to-no-debt, and moderate-to-high-debt partnerships.
Quarterly survey of appraisal firms, brokerage firms, developers, investors, and lenders provides total invested capital discount rates, overall capitalization rates, and equity dividend rates for various types of real estate properties, with properties covered including senior healthcare housing, lodging facilities, mobile home and RV parks, restaurants, convenience stores, gas stations, and self-storage facilities.
Online calculator allows users to calculate company-specific risk premiums and total cost of equities for up to twelve guideline publicly-traded companies at once, with input data required including ticker symbol, risk-free rate, equity risk premium, size premium, look-back period length, and market proxy. Free trial is available with sign-up; FAQs and articles about the calculator are also available online.
Private company pricing model provides cost of capital estimates for use in valuing private companies using unlevered after-tax expected free cash flows, with data used in developing this model based on an aggregate analysis of 500 DealStats® private company sale transactions. BV Update includes the IPCPL cost of capital for the average/typical risk company ranked by revenue in each monthly issue.