PSIC (Premium Standard Industrial
Classification), pronounced "P-SIC", is based on the federal government's
SIC numbering system which allows researchers to better pinpoint the exact business
SIC Numbering system is based on a four-digit numbering system but the PSIC numbering
system is based on a six-digit numbering system for better target marketing by
to use the Premium Standard Industrial Classification System.
The PSIC system is
based on the U.S. Federal Government Standard Industrial Classification (SIC)
Coding System of classifying industries. This system categorizes commercial establishments
into 10 broad industry groups that are assigned 2-digit numbers. These industry
groups are further broken down into groups of similar businesses and are assigned
a 4-digit SIC Code. The first two digits describe the industry group of the business,
while the third and fourth digits refer to their specific activity. For example:
SIC 57 Home Furniture, Furnishings and Equipment Stores SIC 5731 Radio, Television
& Electronics PSIC goes beyond the basic four digit classification system developed
by the Federal government. Prospectus adds an additional two levels of detail
to the 4-digit SICs to allow even more precise selection of prospects. For example,
at the 6-digit level you can find: SIC 5731-11 Antennas SIC 5731-12 Video cameras,
Recorders and Accessories Prospectus 6 -digit coding is available in all categories
where it makes it easier to find the exact industry.
Similarly, in the
restaurant industry , many companies are actually in many subsegments within the
industry. There are hamburger/sandwich stores, pizza units, Mexican food units,
Family dining, etc. These subsegments are categorized by a hyphen and an additional
two-digit classification scheme to identify the exact business they compete within.
Since companies may do business in more than one industry category,
they will have both a primary SIC code and one or more secondary SIC codes. For
instance, cameras manufacturers often manufacture home electronics equipment.
Therefore, if you wished to find all camera manufacturers, you would also want
to look under home electronics companies as a Primary or Secondary 6- digit PSIC
Code. This search technique would include camera manufacturers and home electronics
Classification Definitions References
A six digit PSIC system allows you to better target
companies and develop better and deeper analysis of companies and industries.
With the six digit SIC system you can compare companies and industries better
for investment analysis, target companies better for sales and marketing campaigns
such as direct mail, or compare the companies performance to the industry better.You
can build custom profiles of companies and download the information directly into
your computer system.
Below is AAR Corp whose 6 Digit PSIC number
is "3230-11" which categorizes them as a manufacturer of aerospace equipment
but exclusively for the military. The "-11" categorizes them
as a military aerospace contractor.
North Wood Dale Rd.|
Dale, IL. 60191|