Rational Investing

Advertising Agencies/Services

	Total Market Capitalization of All Firms	107242 mm
	Average Market Capitalization	8249 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.16
	Standard Deviation of MM Ratio	0.06
	Average Beta	0.93
	Average EV To Revenue	1.72
	Average Price To Free Cash Flow	192.27

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	% Growth	Beta	As Of
CCO	Clear Channel Outdoor Holdings	2.6	1,188	2.6	-30.2	-1	0.79	Sep 19
MCHX	Marchex Inc.	1.9	159	1.6	-36.5	13	1.45	Mar 19
QNST	Quinstreet, Inc.	1.8	793	1.6	50.5	10	0.81	Sep 19
LAMR	Lamar Advertising Co	1.6	8,744	6.7	40.3	9	0.97	Sep 19
WPP.L	Wpp Group Plc	1.3	16,031	1.5	1528.3	1	1.16	Jun 19
WPP	Wpp Group Plc	1.2	16,029	1.2	15.7	-2	1.04	Jun 19
4751	CyberAgent Inc	1.1	4,361	0.1	-12611360.0	13	0.50	Sep 19
OMC	Omnicom Group Inc	1.1	17,627	1.5	15.9	-2	0.76	Sep 19
4324	DENTSU INC	1.0	10,704	0.5	42.8	5	0.91	Sep 19
IPG	Interpublic Group Of Companies	0.8	8,666	1.4	22.4	12	1.10	Jun 19
2433	Hakuhodo DY Holdings Inc	0.7	6,308	0.1	-107.3	6	0.91	Sep 19
PUB.PA	Publicis Groupe SA	0.5	10,440	1.4	9.9	8	0.67	Jun 19
DEC.PA	JCDecaux SA	0.2	6,191	2.1	4.6	13	1.02	Jun 19