Rational Investing

	Total Market Capitalization of All Firms	31432 mm
	Average Market Capitalization	2619 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.75
	Standard Deviation of MM Ratio	0
	Average Beta	1.15
	Average EV To Revenue	1.91
	Average Price To Free Cash Flow	15.34

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	% Growth	Beta	As Of
TRCO	Tribune Media Co	1.4	3,984	3.7	12.5	7	1.21	Sep 18
9401	Tokyo Broadcasting System Hold	1.0	3,210	0.1	19.6	0	1.07	Sep 18
EVC	Entravision Communications Cor	1.0	336	2.1	-21.8	11	1.20	Sep 18
9404	Nippon Television Holdings Inc	0.8	4,146	0.1	15.2	0	0.98	Sep 18
MMT.PA	Metropole Television SA	0.8	1,880	1.3	17.4	10	0.85	Jun 18
NXST	Nexstar Broadcasting Group Inc	0.8	3,838	3.8	-3.2	21	1.40	Sep 18
CETV	Central European Media Enterpr	0.7	817	3.1	15.8	5	1.42	Sep 18
TV	Grupo Televisa Sa	0.6	6,471	2.4	12.6	11	1.18	Sep 18
9412	Sky Perfect Jsat Hldg Inc	0.5	1,514	0.7	6.4	-1	0.62	Sep 18
GTN	Gray Television Inc.	0.5	932	2.6	41.7	23	1.94	Sep 18
SBGI	Sinclair Broadcast Group Inc	0.5	2,713	2.2	6.0	13	1.24	Sep 18
TFI.PA	Television Francaise 1 SA	0.4	1,590	0.8	6.2	13	0.70	Sep 18