Rational Investing

	Total Market Capitalization of All Firms	$975,506 mm
	Average Market Capitalization	$65,034 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.7
	Standard Deviation of MM Ratio	0.3
	Average Beta	1.2
	Average EV To Revenue	5.5
	Average EV To EBITDAM	22.0
	Average Price To Free Cash Flow	175.4

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
CBA.AX	Commonwealth Bank of Australia	1.33	63,844	7.8	11.4	24.1	3	1.1	Dec 19
NAB.AX	National Australia Bank Ltd.	1.12	44,986	6.5	9.5	30	3	1.2	Sep 19
WBC.AX	Westpac Banking Corp	1.03	32,082	5.5	13.0	18.4	6	1.2	Sep 19
SWED-A.ST	Swedbank AB	0.84	12,037	16.9	10.4	44.6	12	1.0	Sep 19
ANZ.AX	Australia and New Zealand Bank	0.80	26,841	4.3	-4.8	30	6	1.2	Mar 19
RY.TO	Royal Bank of Canada	0.74	84,676	7.1	12.7	24.0	13	1.2	Jan 20
GS	The Goldman Sachs Group Inc	0.73	53,753	8.5	118.1	30	6	1.3	Dec 19
HSBA.L	Hsbc Holdings Plc	0.68	98,947	3.8	1652.4	30	17	1.1	Jun 19
MAYBANK.KL	Malayan Banking Berhad	0.66	22,194	1.8	7.3	5.8	7	1.1	Dec 18
JPM	JP Morgan Chase & Co	0.60	272,656	5.2	6.1	12.0	6	1.3	Dec 19
C	Citigroup Inc	0.55	86,694	5.2	6.7	30	5	1.2	Dec 19
STAN.L	Standard Chartered PLC	0.50	16,469	3.3	595.5	30	14	1.4	Jun 19
WFC	Wells Fargo & Co.	0.39	117,887	4.3	4.8	12.3	1	1.3	Dec 19
BNP.PA	BNP Paribas SA	0.20	33,423	2.5	3.2	7.3	16	1.5	Jun 19
DANSKE.CO	Danske Bank A/S	0.04	9,017	0.5	4.8	2.1	16	0.7	Jun 19