Salvidio & Partners, a Rome, Italy-based business valuation firm headed by Ascanio Salvidio, produces a quarterly report on levered and unlevered industry betas for 134 industries and “regional” betas for 10 geographical areas (including North America, the EU, and Western Europe). Its Industry Betas report for the second quarter of 2018 is now available, and you can download it if you click here.

It’s worth noting that the report combines industry and geographical perspectives and also features two separate series of levered and unlevered betas. The first series includes levered and unlevered betas estimated for any selected company, regardless of whether its gross debt is higher or lower than its cash and cash equivalents. The second series excludes “net liquidity” to represent companies where “decisions taken by management, all other circumstances being equal, may be different in case of the company’s gross debt being higher or lower than cash and equivalents,” according to Salvidio.

Comments wanted: Salvidio welcomes feedback from BVWire readers on how to improve the study, and you can contact him here.