Rational Investing

	Total Market Capitalization of All Firms	$245,124 mm
	Average Market Capitalization	$20,427 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.1
	Standard Deviation of MM Ratio	0.3
	Average Beta	1.2
	Average EV To Revenue	2.1
	Average EV To EBITDAM	16.2
	Average Price To Free Cash Flow	22.0

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
ITV.L	Itv Plc	1.56	3,378	1.3	2	30	6	1.7	Dec 19
TV	Grupo Televisa Sa	1.45	3,280	2.0	5.4	11.6	-1	1.1	Mar 20
GTN	Gray Television Inc.	1.31	1,342	2.0	13.3	7.3	25	1.9	Mar 20
TFI.PA	Television Francaise 1 SA	1.12	1,140	0.7	4.8	39.3	-11	0.9	Mar 20
CETV	Central European Media Enterpr	1.10	957	2.2	3.8	8.4	2	1.3	Mar 20
9412	Sky Perfect Jsat Hldg Inc	1.03	1,152	0.8	10.5	29.2	0	0.8	Mar 20
MMT.PA	Metropole Television SA	1.03	1,404	1.1	9.4	9.8	0	1.0	Dec 19
NFLX	Netflix Inc	0.98	222,003	9.0	99	18.7	30	1.1	Mar 20
NXST	Nexstar Broadcasting Group Inc	0.97	3,505	2.7	76	7.1	44	1.7	Mar 20
PSM.DE	Prosiebensat.1 Media Ag	0.94	2,617	1.4	6.7	12.1	2	0.9	Mar 20
9404	Nippon Television Holdings Inc	0.91	2,811	0.1	16.3	13.4	1	0.9	Mar 20
SBGI	Sinclair Broadcast Group Inc	0.56	1,535	2.0	16.8	7.4	74	1.1	Mar 20