Rational Investing

	Total Market Capitalization of All Firms	$2,008,924 mm
	Average Market Capitalization	$125,558 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.2
	Standard Deviation of MM Ratio	0.5
	Average Beta	1.2
	Average EV To Revenue	8.4
	Average EV To EBITDAM	24.6
	Average Price To Free Cash Flow	15.2

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
ANZ.AX	Australia and New Zealand Bank	2.51	62,051	5.5	28.3	14.0	0	1.1	Sep 19
CBA.AX	Commonwealth Bank of Australia	2.05	138,806	9.2	22.0	20.8	-4	1.0	Dec 20
WBC.AX	Westpac Banking Corp	1.86	69,963	7.6	26.3	23.1	-5	1.1	Sep 20
STAN.L	Standard Chartered PLC	1.54	22,895	8.3	4.9	40	4	1.3	Dec 20
RY.TO	Royal Bank of Canada	1.39	152,171	9.6	9.5	20.8	-1	0.8	Jan 21
HSBA.L	Hsbc Holdings Plc	1.36	126,604	10.8	4.4	40	-1	0.9	Dec 20
NAB.AX	National Australia Bank Ltd.	1.35	87,281	10.4	11.8	16.4	-4	1.2	Mar 21
BAC	Bank Of America Corp.	1.34	354,427	6.9	21.0	21.5	-2	1.5	Dec 20
MAYBANK.KL	Malayan Banking Berhad	1.12	22,003	1.7	8.2	9.5	-6	1.1	Dec 20
JPM	JP Morgan Chase & Co	1.02	476,980	6.0	12.4	11.8	5	1.2	Dec 20
SWED-A.ST	Swedbank AB	1.00	21,020	17.2	10.6	41.1	0	1.0	Dec 20
WFC	Wells Fargo & Co.	0.96	186,972	5.7	13.1	16.7	0	1.3	Mar 21
DANSKE.CO	Danske Bank A/S	0.87	16,072	15.1	46.1	40	7	1.1	Dec 20
C	Citigroup Inc	0.57	156,836	8.6	7.4	17.5	-10	1.8	Mar 21
BNP.PA	BNP Paribas SA	0.56	85,462	4.1	6.3	19.9	0	1.8	Dec 20
DBK.DE	Deutsche Bank Aktiengesellscha	0.42	29,384	6.8	11.4	40	-2	1.2	Dec 20