Download WSO's free Unlevering Betas model template below! This template allows you to unlever betas from a debt-included calculation. The template is plug-and-play, and you can enter your own numbers or formulas to auto-populate output numbers. The template also includes other tabs for other elements of a financial model.
According to the WSO Dictionary,
"The unlevered beta is the beta of a company without taking its debt into account. Unlevering a beta removes the financial effects of leverage. This number provides a measure of how much systematic risk a firm's equity has when compared to the market."
A screenshot below shows a sneak peak of the template.