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QuestionsCategory: Financials QuadrantIndustry average
Noel Wong asked 7 years ago

How do you find and count industry average?

1 Answers
Best Answer
Rusmin Ang answered 7 years ago

Hi Noel,    
You can find your answer at Yahoo!     
Do take note the industry average provided by Yahoo is highly dependent on the companies being selected and measured and may be subject to error. I personally do not use them.    
Normally, I would prefer to directly compare a company with its direct peers. For instance, Hartalega is a glove manufacturer in Malaysia. Top Glove, Riverstone and Supermax would be good comparisons for glove manufacturer industry in Malaysia.