Industry Classification Benchmark
Encyclopedia
The Industry Classification Benchmark (ICB) is an industry classification taxonomy
developed by Dow Jones and FTSE
. It is used to segregate markets into sectors within the macroeconomy. The ICB uses a system of 10 industries, partitioned into 20 supersectors, which are further divided into 41 sectors, which then contain 114 subsectors.
The principal aim of the ICB is to categorize individual companies into subsectors based primarily on a company's "source of revenue or where it constitutes the majority of revenue". If a company is equally divided amongst several distinct subsections, authorities from the Dow Jones and FTSE
may be summoned to make a final judgment. Firms may appeal their classification at any time.
The ICB is used globally (though not universally) to divide the market into increasingly specific categories, allowing investors to compare industry trends between well-defined subsectors. The ICB replaced the legacy FTSE
and Dow Jones classification systems on 3 January 2006, and is used today by the NASDAQ
, NYSE and several other markets around the globe. All ICB sectors are represented on the New York Stock Exchange
except Equity Investment Instruments (8980) and Nonequity Investment Instruments (8990).
Note that the terms "industry" and "sector" are reversed from S&P's GICS and the more common usage by professionals.
Taxonomy
Taxonomy is the science of identifying and naming species, and arranging them into a classification. The field of taxonomy, sometimes referred to as "biological taxonomy", revolves around the description and use of taxonomic units, known as taxa...
developed by Dow Jones and FTSE
FTSE Group
FTSE Group is a world-leader in the provision of global index and analytical solutions. FTSE calculates indices across a wide range of asset classes, on both a standard and custom basis...
. It is used to segregate markets into sectors within the macroeconomy. The ICB uses a system of 10 industries, partitioned into 20 supersectors, which are further divided into 41 sectors, which then contain 114 subsectors.
The principal aim of the ICB is to categorize individual companies into subsectors based primarily on a company's "source of revenue or where it constitutes the majority of revenue". If a company is equally divided amongst several distinct subsections, authorities from the Dow Jones and FTSE
FTSE
FTSE may refer to:* The FTSE Group* Stock market indices published by the FTSE Group, particularly the FTSE 100 Index on the London Stock Exchange* The Fundamental theorem of software engineering...
may be summoned to make a final judgment. Firms may appeal their classification at any time.
The ICB is used globally (though not universally) to divide the market into increasingly specific categories, allowing investors to compare industry trends between well-defined subsectors. The ICB replaced the legacy FTSE
FTSE
FTSE may refer to:* The FTSE Group* Stock market indices published by the FTSE Group, particularly the FTSE 100 Index on the London Stock Exchange* The Fundamental theorem of software engineering...
and Dow Jones classification systems on 3 January 2006, and is used today by the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
, NYSE and several other markets around the globe. All ICB sectors are represented on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
except Equity Investment Instruments (8980) and Nonequity Investment Instruments (8990).
| Industry | Supersector | Sector | Subsector |
|---|---|---|---|
| 0001 Oil & Gas | 0500 Oil & Gas | 0530 Oil & Gas Producers | 0533 Exploration & Production |
| 0537 Integrated Oil & Gas | |||
| 0570 Oil Equipment, Services & Distribution | 0573 Oil Equipment & Services | ||
| 0577 Pipelines | |||
| 0580 Alternative Energy | 0583 Renewable Energy Equipment | ||
| 0587 Alternative Fuels | |||
| 1000 Basic Materials | 1300 Chemicals | 1350 Chemicals | 1353 Commodity Chemicals |
| 1357 Specialty Chemicals | |||
| 1700 Basic Resources | 1730 Forestry & Paper | 1733 Forestry | |
| 1737 Paper | |||
| 1750 Industrial Metals & Mining | 1753 Aluminum | ||
| 1755 Nonferrous Metals | |||
| 1757 Iron & Steel | |||
| 1770 Mining | 1771 Coal | ||
| 1773 Diamonds & Gemstones | |||
| 1775 General Mining | |||
| 1777 Gold Mining | |||
| 1779 Platinum & Precious Metals | |||
| 2000 Industrials | 2300 Construction & Materials | 2350 Construction & Materials | 2353 Building Materials & Fixtures |
| 2357 Heavy Construction | |||
| 2700 Industrial Goods & Services | 2710 Aerospace & Defense | 2713 Aerospace | |
| 2717 Defense | |||
| 2720 General Industrials | 2723 Containers & Packaging | ||
| 2727 Diversified Industrials | |||
| 2730 Electronic & Electrical Equipment | 2733 Electrical Components & Equipment | ||
| 2737 Electronic Equipment | |||
| 2750 Industrial Engineering | 2753 Commercial Vehicles & Trucks | ||
| 2757 Industrial Machinery | |||
| 2770 Industrial Transportation | 2771 Delivery Services | ||
| 2773 Marine Transportation | |||
| 2775 Railroads | |||
| 2777 Transportation Services | |||
| 2779 Trucking | |||
| 2790 Support Services | 2791 Business Support Services | ||
| 2793 Business Training & Employment Agencies | |||
| 2795 Financial Administration | |||
| 2797 Industrial Suppliers | |||
| 2799 Waste & Disposal Services | |||
| 3000 Consumer Goods | 3300 Automobiles & Parts | 3350 Automobiles & Parts | 3353 Automobiles |
| 3355 Auto Parts | |||
| 3357 Tires | |||
| 3500 Food & Beverage | 3530 Beverages | 3533 Brewers | |
| 3535 Distillers & Vintners | |||
| 3537 Soft Drinks | |||
| 3570 Food Producers | 3573 Farming & Fishing | ||
| 3577 Food Products | |||
| 3700 Personal & Household Goods | 3720 Household Goods & Home Construction | 3722 Durable Household Products | |
| 3724 Nondurable Household Products | |||
| 3726 Furnishings | |||
| 3728 Home Construction | |||
| 3740 Leisure Goods | 3743 Consumer Electronics | ||
| 3745 Recreational Products | |||
| 3747 Toys | |||
| 3760 Personal Goods | 3763 Clothing & Accessories | ||
| 3765 Footwear | |||
| 3767 Personal Products | |||
| 3780 Tobacco | 3785 Tobacco | ||
| 4000 Health Care | 4500 Health Care | 4530 Health Care Equipment & Services | 4533 Health Care Providers |
| 4535 Medical Equipment | |||
| 4537 Medical Supplies | |||
| 4570 Pharmaceuticals & Biotechnology | 4573 Biotechnology | ||
| 4577 Pharmaceuticals | |||
| 5000 Consumer Services | 5300 Retail | 5330 Food & Drug Retailers | 5333 Drug Retailers |
| 5337 Food Retailers & Wholesalers | |||
| 5370 General Retailers | 5371 Apparel Retailers | ||
| 5373 Broadline Retailers | |||
| 5375 Home Improvement Retailers | |||
| 5377 Specialized Consumer Services | |||
| 5379 Specialty Retailers | |||
| 5500 Media | 5550 Media | 5553 Broadcasting & Entertainment | |
| 5555 Media Agencies | |||
| 5557 Publishing | |||
| 5700 Travel & Leisure | 5750 Travel & Leisure | 5751 Airlines | |
| 5752 Gambling | |||
| 5753 Hotels | |||
| 5755 Recreational Services | |||
| 5757 Restaurants & Bars | |||
| 5759 Travel & Tourism | |||
| 6000 Telecommunications | 6500 Telecommunications | 6530 Fixed Line Telecommunications | 6535 Fixed Line Telecommunications |
| 6570 Mobile Telecommunications | 6575 Mobile Telecommunications | ||
| 7000 Utilities | 7500 Utilities | 7530 Electricity | 7535 Conventional Electricity |
| 7537 Alternative Electricity | |||
| 7570 Gas, Water & Multiutilities | 7573 Gas Distribution | ||
| 7575 Multiutilities | |||
| 7577 Water | |||
| 8000 Financials | 8300 Banks | 8350 Banks | 8355 Banks |
| 8500 Insurance | 8530 Nonlife Insurance | 8532 Full Line Insurance | |
| 8534 Insurance Brokers | |||
| 8536 Property & Casualty Insurance | |||
| 8538 Reinsurance | |||
| 8570 Life Insurance | 8575 Life Insurance | ||
| 8600 Real Estate | 8630 Real Estate Investment & Services | 8633 Real Estate Holding & Development | |
| 8637 Real Estate Services | |||
| 8670 Real Estate Investment Trusts | 8671 Industrial & Office REITs | ||
| 8672 Retail REITs | |||
| 8673 Residential REITs | |||
| 8674 Diversified REITs | |||
| 8675 Specialty REITs | |||
| 8676 Mortgage REITs | |||
| 8677 Hotel & Lodging REITs | |||
| 8700 Financial Services | 8770 Financial Services | 8771 Asset Managers | |
| 8773 Consumer Finance | |||
| 8775 Specialty Finance | |||
| 8777 Investment Services | |||
| 8779 Mortgage Finance | |||
| 8900 Equity/Non-Equity Investment Instruments | 8980 Equity Investment Instruments | 8985 Equity Investment Instruments | |
| 8990 Nonequity Investment Instruments | 8995 Nonequity Investment Instruments | ||
| 9000 Technology | 9500 Technology | 9530 Software & Computer Services | 9533 Computer Services |
| 9535 Internet | |||
| 9537 Software | |||
| 9570 Technology Hardware & Equipment | 9572 Computer Hardware | ||
| 9574 Electronic Office Equipment | |||
| 9576 Semiconductors | |||
| 9578 Telecommunications Equipment | |||
Note that the terms "industry" and "sector" are reversed from S&P's GICS and the more common usage by professionals.