For professionals in finance, tax, and accounting
The best beta factors database for valuation experts
Determine reliable beta factors for your valuation reports with up-to-date data, complete transparency, and court-compliant documentation. Our AI-supported database provides you with levered and unlevered beta, debt beta, and tailored peer groups in just 15 minutes
You will receive full access and we do not collect payment information
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Inaccurate beta factors jeopardize the quality of your valuations
As a valuation expert, you need precise beta factors for your valuations. However, inaccurate data sources, opaque calculations, and missing adjustment options can quickly lead to inaccurate risk assessments.
The consequences are severe: incorrect beta factors distort your cost of capital and jeopardize the quality of your valuation reports. Furthermore, costly revisions may be required during legal disputes or audits by tax authorities. Without a reliable and well-documented data foundation, you risk your reputation
smartZebra: Exact Beta Factors with complete transparency
The smartZebra database provides you with the optimal foundation for reliable valuations. With it,
you can determine beta factors professionally and in just 15 minutes.
Access up-to-date data from 100 capital markets.
Individually adjust all parameters to your valuation requirements.
Document your calculations completely transparently and in a court-admissible manner.
Use the same data source already employed by tax authorities.
smartZebra provides you with independent beta factors with complete methodological transparency that withstands any professional scrutiny.
Auditors and tax advisors save not only valuable research time but can also be sure that their valuations are based on a solid and traceable data foundation. This builds trust with clients and courts and reduces the risk of costly revisions
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Areas
of Application
Areas of Application
Beta factors are the foundation for reliable cost of capital in all valuation-relevant situations. Use our database for:
Business Valuations
Purchase Price Allocation
Squeeze-out valuations
Brand valuation
Impairment test
M&A transactions
Detailed configuration options
For complex valuation tasks, smartZebra offers comprehensive customization options. Define each parameter of your beta calculation individually and receive fully documented results:
Valuation date accurate to the day
Adjusted Beta and Total Beta
Period and frequency of return calculation
Reference index
Quality filter
Gearing
Tax Shield
Debt Beta
Determine beta factors in 3 simple steps
From peer group search to completed documentation – quickly determine reliable beta factors in a standardized manner for your valuation tasks
STEP 1
Peer group search
Database with more than 30,000 companies worldwide
Search by keywords, sectors, or SIC code
Country and revenue filters
Good results even for seemingly difficult cases
Compliant with international standard
STEP 2
Flexible settings
Return periods – daily – weekly – biweekly – monthly
Observation period between one and five years
Global reference indices from MSCI and FTSE
Tax shield and Blume adjustment
Total return and price returns
Debt beta available
STEP 3
Document your results
Save results permanently for expert reports in PDF format
Excel export for further use
Comprehensive information including derivation, etc.
Peer groups and industry data
In addition to the individual beta calculation for specific companies, smartZebra also provides industry betas.
Customized peer groups
AI-powered search engine for quick results
Determine peer groups on case-by-case basis
Standard-compliant and precise results
Peer group research in 15 minutes
Industry betas
20 sectors and 129 sub-sectors for detailed industry analyses
Flexible beta calculations according to your requirements
Beta factors and unlevered cost of equity
12 professional adjustment options for beta factors
Each parameter of your beta calculation is individually customizable and fully documented. From data selection to statistical quality control – you maintain full control over your risk analysis
Settings for the levered beta
Settings for the unlevered beta
Quality control and analysis
Documentation and collaboration
Settings for the levered beta
Determine a levered/raw beta that exactly fits your valuation using many options for all settings
Feature 1
Daily data
You can select valuation dates starting from 2010, and if needed, we can also provide you with data for earlier cut-off dates
Feature 2
Period and frequency of return calculation
Choose from various combinations of 1, 2, 3, or 5 years with daily, weekly, biweekly, or monthly return calculations to find the best option for your valuation. Additionally, you can select whether to use total return or exchange rate return for the calculation
Feature 3
Benchmark index
The benchmark index is an important component in calculating the beta factor. There are various approaches to selecting the benchmark index. Therefore, you can choose from six different indices at smartZebra, selected based on regional size and the number of stocks in the index
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Feature 4
Adjusted beta and total beta
The "adjustment" is a correction of the raw beta. This correction aims to adjust historically measured beta factors so that they can be used as an expected value for future beta factors from the reporting date onwards. Alternatively, total beta can be used
Feature 5
Debt
The debt ratio describes the relationship between debt and equity and is used to calculate the beta value without debt financing. You can view the elements for calculating the debt ratio and make individual adjustments, for example, to include pension deficits or lease liabilities
Settings for the unlevered beta
In addition to the individual calculation of the debt ratio for calculating the unlevered beta, we provide you with professional settings for the tax shield and debt beta
Feature 6
Tax Shield
The Tax Shield influences Unlevered Beta and describes the value contribution to the company's value that results from a tax advantage of the return flows from debt financing compared to equity financing. The Hamada formula is used for the secure Tax Shield, the Harris and Pringle formula for the unsafe Tax Shield.
Feature 7
Debt Beta
Debt beta is the beta factor for debt, which is calculated separately due to the (partial) assumption of business risk. This is particularly interesting at higher gearing levels. In addition, you can see information on the rating score, the rating indication, the credit spread and the risk premium.
Quality control and analysis
A beta factor suitable for corporate valuations must also meet certain quality criteria. There are various perspectives on this, and we offer you a wide range of data to enable an individual analysis
Feature 8
Overview and quality filters
Compare beta factors using various settings for the time period and frequency of yield determination and other factors. You can filter the displayed data based on various quality criteria, including bid-ask spread, free float, coefficient of determination, t-test, Durbin-Watson test.
Feature 9
Time series of beta factor
An overview of the evolution of beta factors over different time periods. Plus the course of Raw Beta and Unlevered Beta of individual companies.
Feature 10
Trading and statistics
The quality of a beta factor can be assessed in various ways. From a statistical point of view, the regression data coefficient of determination,
t-test and f-test are very interesting. In addition, data on the trading volume and liquidity of stocks, such as the percentage of free float, the bid-ask spread and the number of trading days.
Feature 11
Analysis
Detailed analyses for individual companies and time series on various data: regression diagram with the option to eliminate data points, time stability of the beta factor, daily raw beta including statistical quality.
Documentation and collaboration
For cooperation with all parties involved, we offer you options for data exchange and enable you to document your results for secure work
Feature 12
Documentation, Excel, Collaboration and Project Management
Record your findings in a PDF or Excel file and invite additional collaborators to join your project.
12 professional adjustment options for beta factors
Each parameter of your beta calculation is individually customizable and fully documented. From data selection to statistical quality control – you maintain full control over your risk analysis
Settings for the levered beta
Settings for the unlevered beta
Quality control and analysis
Documentation and collaboration
Settings for the levered beta
Determine a levered/raw beta that exactly fits your valuation using many options for all settings
Feature 1
Daily data
You can select valuation dates starting from 2010, and if needed, we can also provide you with data for earlier cut-off dates
Feature 2
Period and frequency of return calculation
Choose from various combinations of 1, 2, 3, or 5 years with daily, weekly, biweekly, or monthly return calculations to find the best option for your valuation. Additionally, you can select whether to use total return or exchange rate return for the calculation
Feature 3
Benchmark index
The benchmark index is an important component in calculating the beta factor. There are various approaches to selecting the benchmark index. Therefore, you can choose from six different indices at smartZebra, selected based on regional size and the number of stocks in the index
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Feature 4
Adjusted beta and total beta
The "adjustment" is a correction of the raw beta. This correction aims to adjust historically measured beta factors so that they can be used as an expected value for future beta factors from the reporting date onwards. Alternatively, total beta can be used
Feature 5
Debt
The debt ratio describes the relationship between debt and equity and is used to calculate the beta value without debt financing. You can view the elements for calculating the debt ratio and make individual adjustments, for example, to include pension deficits or lease liabilities
Settings for the unlevered beta
In addition to the individual calculation of the debt ratio for calculating the unlevered beta, we provide you with professional settings for the tax shield and debt beta
Feature 6
Tax Shield
The Tax Shield influences Unlevered Beta and describes the value contribution to the company's value that results from a tax advantage of the return flows from debt financing compared to equity financing. The Hamada formula is used for the secure Tax Shield, the Harris and Pringle formula for the unsafe Tax Shield.
Feature 7
Debt Beta
Debt beta is the beta factor for debt, which is calculated separately due to the (partial) assumption of business risk. This is particularly interesting at higher gearing levels. In addition, you can see information on the rating score, the rating indication, the credit spread and the risk premium.
Quality control and analysis
A beta factor suitable for corporate valuations must also meet certain quality criteria. There are various perspectives on this, and we offer you a wide range of data to enable an individual analysis
Feature 8
Overview and quality filters
Compare beta factors using various settings for the time period and frequency of yield determination and other factors. You can filter the displayed data based on various quality criteria, including bid-ask spread, free float, coefficient of determination, t-test, Durbin-Watson test.
Feature 9
Time series of beta factor
An overview of the evolution of beta factors over different time periods. Plus the course of Raw Beta and Unlevered Beta of individual companies.
Feature 10
Trading and statistics
The quality of a beta factor can be assessed in various ways. From a statistical point of view, the regression data coefficient of determination,
t-test and f-test are very interesting. In addition, data on the trading volume and liquidity of stocks, such as the percentage of free float, the bid-ask spread and the number of trading days.
Feature 11
Analysis
Detailed analyses for individual companies and time series on various data: regression diagram with the option to eliminate data points, time stability of the beta factor, daily raw beta including statistical quality.
Documentation and collaboration
For cooperation with all parties involved, we offer you options for data exchange and enable you to document your results for secure work
Feature 12
Documentation, Excel, Collaboration and Project Management
Record your findings in a PDF or Excel file and invite additional collaborators to join your project.
Advantages of the Beta Factors Database
Professionally and quickly determine beta factors
All relevant settings for the beta factor available
All settings are easy to make and are explained
The transparency of the raw data and settings allows for legally compliant work and is particularly helpful for appraisers
Book your personalized web demo now
In a 60-minute appointment, we will show you all the features of the smartZebra database and how you can use them to quickly and professionally gather data, preferably based on a specific case
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