Rational Investing

	Total Market Capitalization of All Firms	$1,300,211 mm
	Average Market Capitalization	$76,483 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.0
	Standard Deviation of MM Ratio	0.5
	Average Beta	1.2
	Average EV To Revenue	8.0
	Average EV To EBITDAM	29.3
	Average Price To Free Cash Flow	17.6

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	2.46	18,805	3.7	7.1	36.2	5	1.0	Dec 19
GS	The Goldman Sachs Group Inc	1.57	71,379	14.5	99	38.1	5	1.4	Jun 20
ANZ.AX	Australia and New Zealand Bank	1.50	33,652	4.7	16.9	11.8	0	1.1	Sep 19
CBA.AX	Commonwealth Bank of Australia	1.26	80,018	8.4	19.4	23.9	-15	1.0	Jun 20
NAB.AX	National Australia Bank Ltd.	1.23	49,507	10.9	17.2	32.2	-11	1.1	Mar 20
C	Citigroup Inc	1.05	97,563	5.6	6.7	20.9	-4	1.7	Jun 20
SWED-A.ST	Swedbank AB	0.99	17,355	20.2	12.4	30	-1	1.0	Jun 20
WBC.AX	Westpac Banking Corp	0.86	39,736	6.5	8.6	16.1	-9	1.1	Mar 20
WFC	Wells Fargo & Co.	0.85	104,808	5.3	10.0	45.8	-18	1.1	Jun 20
RY.TO	Royal Bank of Canada	0.71	103,061	8.9	16.7	30.7	-7	0.7	Jul 20
DANSKE.CO	Danske Bank A/S	0.67	11,101	8.3	29.5	39.7	1	1.0	Jun 20
JPM	JP Morgan Chase & Co	0.64	300,586	5.9	9.9	18.7	-3	1.1	Jun 20
BAC	Bank Of America Corp.	0.58	221,921	5.1	12.2	16.0	-13	1.5	Jun 20
DBK.DE	Deutsche Bank Aktiengesellscha	0.58	16,657	7.5	7	30	-15	1.3	Jun 20
BNP.PA	BNP Paribas SA	0.57	45,310	3.4	20.6	48.1	0	1.6	Jun 20
STAN.L	Standard Chartered PLC	0.53	14,565	8.2	3.3	30	3	1.4	Jun 20
HSBA.L	Hsbc Holdings Plc	0.40	74,186	8.6	2.9	30	-5	0.8	Jun 20