Rational Investing

	Total Market Capitalization of All Firms	$18,007 mm
	Average Market Capitalization	$4,502 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.7
	Standard Deviation of MM Ratio	0.4
	Average Beta	2.1
	Average EV To Revenue	1.0
	Average EV To EBITDAM	15.8
	Average Price To Free Cash Flow	792.2

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
RCL	Royal Caribbean Cruises Ltd.	1.06	5,113	1.3	-17.2	20.8	14	2.1	Dec 19
NCLH	Norwegian Cruise Line Holdings	1.00	1,822	1.4	-2.3	6.0	10	2.3	Dec 19
CCL	Carnival Corp	0.37	5,863	0.7	14.8	6.4	13	2.0	Nov 19
CCL.L	Carnival	0.27	5,208	0.7	1569.7	30	17	1.9	Nov 19