Rational Investing

	Total Market Capitalization of All Firms	$112,107 mm
	Average Market Capitalization	$10,192 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.3
	Standard Deviation of MM Ratio	0.4
	Average Beta	1.2
	Average EV To Revenue	0.4
	Average EV To EBITDAM	24.7
	Average Price To Free Cash Flow	64.5

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
8267	Aeon Co.,ltd.	1.95	28,062	0.4	99	30	2	0.8	Aug 20
3086	J.front Retailing Co.,ltd	1.65	2,320	0.7	99	30	-20	1.6	Aug 20
WALMEXV.MX	Wal Mart de Mexico SAB de CV	1.61	58,203	0.1	34.8	30.8	8	0.5	Sep 20
DDS	Dillards Inc	1.44	1,715	0.4	8.3	6.8	-25	0.9	Oct 20
023530.KS	Lotte Shopping Company Limited	1.23	3,064	0.6	99	30	-6	1.2	Sep 20
3099	Isetan Mitsukoshi Holdings Ltd	1.21	2,481	0.5	99	30	-28	1.4	Sep 20
8233	Takashimaya Company, Limited	1.11	1,627	0.4	99	30	-13	1.1	Aug 20
8273	Izumi Co Ltd.	1.09	2,630	0.2	37.5	23.0	-7	1.0	Aug 20
8242	H2O RETAILING CORPORATION	1.06	880	0.3	99	30	-15	1.2	Sep 20
M	Macy`s, Inc.	0.68	4,010	0.5	11.8	12.2	-35	1.9	Oct 20
KSS	Kohls Corp	0.61	7,114	0.6	22.7	18.5	-19	2.0	Oct 20