Betas and Leverage
Originally published: 20/06/2016 16:49
Last version published: 25/10/2016 08:17
Publication number: ELQ-49578-3
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Betas and Leverage

Obtain a table of betas at different debt ratios

This spreadsheet allows you to enter the current beta, tax rate and the debt equity ratio for your stock, and obtain a table of betas at different debt ratios.

Note: this model is being shared with the authorization of Professor Aswath Damodaran from NYU Stern Business School (

This Best Practice includes
1 Excel Model File

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Further information

The objective of this model is to get the following output values:
- Unlevered Beta for the firm (based upon average debt/equity ratio)
- Current Beta for the firm (based upon current debt/equity ratio)
- Levered Beta based upon this debt/equity ratio

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