Rational Investing

	Total Market Capitalization of All Firms	$25,385 mm
	Average Market Capitalization	$2,115 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.9
	Standard Deviation of MM Ratio	0.4
	Average Beta	1.2
	Average EV To Revenue	1.7
	Average EV To EBITDAM	14.0
	Average Price To Free Cash Flow	15.9

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
PSM.DE	Prosiebensat.1 Media Ag	1.71	2,874	1.8	10.6	23.5	-13	1.3	Jun 20
GTN	Gray Television Inc.	1.49	1,418	2.3	14	8.4	7	1.8	Jun 20
ITV.L	Itv Plc	1.27	3,129	1.5	2	30	-7	1.7	Jun 20
TV	Grupo Televisa Sa	1.20	3,787	2.3	6.2	9.6	-12	1.0	Jun 20
9412	Sky Perfect Jsat Hldg Inc	1.02	1,311	0.8	7.2	11.5	0	0.8	Jun 20
CETV	Central European Media Enterpr	0.77	1,076	3.1	4.3	9.6	-21	1.2	Jun 20
TFI.PA	Television Francaise 1 SA	0.68	1,215	0.8	5	35.3	-19	1.0	Jun 20
MMT.PA	Metropole Television SA	0.64	1,503	1.3	7.9	5.5	-11	1.0	Jun 20
9404	Nippon Television Holdings Inc	0.61	2,810	0.1	17.3	7.4	-12	0.9	Jun 20
NXST	Nexstar Broadcasting Group Inc	0.58	4,333	2.9	94	7.8	48	1.6	Jun 20
SBGI	Sinclair Broadcast Group Inc	0.46	1,811	2.3	19.8	5.8	48	1.2	Jun 20
EVC	Entravision Communications Cor	0.38	117	1.3	2	13.9	-3	1.0	Mar 19