Rational Investing

	Total Market Capitalization of All Firms	$1,870,409 mm
	Average Market Capitalization	$110,024 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.5
	Standard Deviation of MM Ratio	0.8
	Average Beta	1.2
	Average EV To Revenue	8.3
	Average EV To EBITDAM	25.7
	Average Price To Free Cash Flow	14.0

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
C	Citigroup Inc	3.41	148,530	6.3	13.3	16.3	-6	1.8	Sep 20
MAYBANK.KL	Malayan Banking Berhad	2.86	22,592	3.8	8.3	38.5	5	1.0	Dec 19
BAC	Bank Of America Corp.	2.65	313,866	6.5	21.3	20.4	-18	1.5	Sep 20
ANZ.AX	Australia and New Zealand Bank	2.19	53,826	5.3	24.7	13.3	0	1.1	Sep 19
CBA.AX	Commonwealth Bank of Australia	1.81	116,443	9.2	21.6	23.4	-11	1.0	Jun 20
NAB.AX	National Australia Bank Ltd.	1.63	69,523	9.0	13.3	18.7	4	1.2	Sep 20
GS	The Goldman Sachs Group Inc	1.15	110,122	9.9	17.0	22.3	-2	1.4	Sep 20
WFC	Wells Fargo & Co.	1.08	143,999	6.1	9.6	17.0	-25	1.1	Sep 20
WBC.AX	Westpac Banking Corp	1.07	56,707	6.8	19.9	19.2	3	1.1	Sep 20
RY.TO	Royal Bank of Canada	1.03	124,720	10.1	12.7	26.5	-10	0.8	Oct 20
SWED-A.ST	Swedbank AB	1.00	20,582	20.3	12.1	46.7	-1	1.0	Sep 20
JPM	JP Morgan Chase & Co	0.94	449,744	7.6	11.4	16.4	-11	1.1	Sep 20
HSBA.L	Hsbc Holdings Plc	0.80	111,308	8.7	4	30	0	0.9	Jun 20
STAN.L	Standard Chartered PLC	0.75	21,989	9.5	4.9	30	-8	1.3	Jun 20
BNP.PA	BNP Paribas SA	0.74	67,103	3.6	26.0	30	2	1.8	Jun 20
DANSKE.CO	Danske Bank A/S	0.71	15,388	12.9	7.6	38.3	-2	1.2	Sep 20
DBK.DE	Deutsche Bank Aktiengesellscha	0.58	23,967	5.6	9.6	30	-14	1.3	Jun 20