The stock unit (SU) system is used extensively in New Zealand agriculture. These applications include inter- and intra-farm comparisons, rural lending and valuation, and farm system design and analysis. The livestock classes and performance levels to which SU conversion factors are applied has increased significantly since Professor Coop defined the ewe equivalent (EE) system, and now includes deer, goats and other non-conventional livestock species. This has led to a proliferation of SU values and their incorrect application and interpretation, especially in between-farm comparative analysis. Benchmarking provides a more economically rational way of improving the profitability of livestock farms than the use of standards based on SUs. Obtaining agreement on the specifications of animal-pasture-financial models to allow users to derive substitution rates between stock classes according to their farm's resources and management practice is preferred to publishing national standards for SUs. Keywords: comparative analysis, livestock classes, standardisation, stock unit