Rational Investing

	Total Market Capitalization of All Firms	$1,139,673 mm
	Average Market Capitalization	$71,230 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.2
	Standard Deviation of MM Ratio	0.6
	Average Beta	1.2
	Average EV To Revenue	7.9
	Average EV To EBITDAM	26.7
	Average Price To Free Cash Flow	19.4

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
MAYBANK.KL	Malayan Banking Berhad	2.74	20,498	3.8	7.9	37.8	5	1.0	Dec 19
CBA.AX	Commonwealth Bank of Australia	1.97	86,714	8.3	12.2	19.5	-1	1.1	Dec 19
RY.TO	Royal Bank of Canada	1.69	98,403	9.3	32.9	30	-4	0.7	Apr 20
ANZ.AX	Australia and New Zealand Bank	1.64	36,440	4.8	18.5	12.1	0	1.1	Sep 19
BNP.PA	BNP Paribas SA	1.51	50,153	2.9	11.1	32.2	16	1.2	Dec 19
GS	The Goldman Sachs Group Inc	1.35	72,008	15.5	99	49.7	-1	1.3	Mar 20
NAB.AX	National Australia Bank Ltd.	1.29	52,013	11.0	18.1	32.5	-11	1.1	Mar 20
SWED-A.ST	Swedbank AB	1.29	16,085	19.6	9.7	30	2	1.2	Mar 20
WBC.AX	Westpac Banking Corp	1.24	42,951	6.6	9.2	16.8	-7	1.1	Mar 20
JPM	JP Morgan Chase & Co	1.01	296,110	5.8	9.3	16.7	-1	1.2	Mar 20
DANSKE.CO	Danske Bank A/S	0.97	12,386	6.2	15.1	15.3	9	1.0	Mar 20
C	Citigroup Inc	0.66	114,352	5.6	49.5	30	3	1.7	Mar 20
HSBA.L	Hsbc Holdings Plc	0.59	95,608	7.9	3.7	30	6	1.0	Dec 19
DBK.DE	Deutsche Bank Aktiengesellscha	0.57	20,044	6.5	5.6	30	4	1.5	Jun 19
STAN.L	Standard Chartered PLC	0.53	17,866	8.3	4.1	30	3	1.4	Dec 19
WFC	Wells Fargo & Co.	0.41	108,044	4.9	5.2	14.3	-13	1.2	Mar 20