Rational Investing

	Total Market Capitalization of All Firms	256679 mm
	Average Market Capitalization	11160 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.02
	Standard Deviation of MM Ratio	0
	Average Beta	0.94
	Average EV To Revenue	3.87
	Average Price To Free Cash Flow	98.24

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	% Growth	Beta	As Of
WIT	Wipro Ltd	1.7	25,488	3.3	20.1	4	0.66	Jun 18
DOX	Amdocs Ltd	1.4	9,551	2.4	128.5	4	0.66	Mar 18
GWRE	Guidewire Software, Inc	1.4	7,856	9.9	-505.7	25	1.18	Jul 18
PEGA	Pegasystems Inc.	1.4	5,090	5.9	92.3	3	1.05	Jun 18
BLKB	Blackbaud Inc.	1.3	4,774	5.9	66.4	13	0.67	Jun 18
FISV	Fiserv Inc	1.3	33,762	6.5	26.6	4	0.82	Jun 18
CVG	Convergys Corp	1.1	2,305	1.0	11.4	0	0.89	Jun 18
ING.PA	Ingenico Group SA	1.1	4,483	2.4	-151.9	9	0.66	Jun 18
TIVO	Tivo Corporation	1.1	1,683	3.4	17.1	-4	1.66	Jun 18
DH.TO	DH Corporation	1.0	2,091	2.4	9.6	1	0.68	Mar 17
GIB	Cgi Group Inc.	1.0	19,254	2.4	23.0	7	0.66	Jun 18
MSTR	Microstrategy Inc	1.0	1,381	2.8	19.3	1	0.68	Jun 18
ADP	Automatic Data Processing Inc	0.9	65,337	4.7	37.8	8	0.96	Jun 18
JKHY	Jack Henry & Associates Inc.	0.9	12,378	7.2	35.2	11	0.88	Jun 18
QLIK	Qlik Technologies, Inc.	0.9	2,892	4.7	1287.2	10	1.38	Mar 16
ROVI	Rovi Corporation	0.9	1,827	5.6	10.3	-3	1.41	Jun 16
MANT	Mantech International Corp.	0.8	2,567	1.3	39.7	19	0.83	Jun 18
EBIX	Ebix Inc.	0.7	2,491	6.1	-20.0	39	1.29	Jun 18
NTCT	Netscout Systems Inc.	0.7	2,246	2.8	14.2	4	1.25	Jun 18
SEAC	Seachange International Inc.	0.7	63	0.8	56.7	-3	0.68	Apr 18
CSGS	Csg Systems International Inc	0.6	1,319	1.9	19.8	10	0.85	Jun 18
CTSH	Cognizant Technology Solutions	0.6	44,867	2.8	22.1	11	0.92	Jun 18
VRNT	Verint Systems Inc	0.6	2,974	2.9	27.6	13	1.01	Jul 18