Rational Investing

	Total Market Capitalization of All Firms	$72,342 mm
	Average Market Capitalization	$6,028 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.8
	Standard Deviation of MM Ratio	0.6
	Average Beta	1.1
	Average EV To Revenue	0.3
	Average EV To EBITDAM	17.2
	Average Price To Free Cash Flow	10.1

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
3099	Isetan Mitsukoshi Holdings Ltd	2.21	2,140	0.2	-13.4	30	-4	0.8	Dec 19
8242	H2O RETAILING CORPORATION	1.57	903	0.2	-12.0	30	1	1.1	Dec 19
WALMEXV.MX	Wal Mart de Mexico SAB de CV	1.16	38,216	0.1	41.7	21.4	6	0.5	Sep 19
8267	Aeon Co.,ltd.	0.86	17,759	0.3	-9.8	30	4	0.7	Nov 19
3086	J.front Retailing Co.,ltd	0.82	1,873	0.4	9.0	4.2	16	1.5	Nov 19
8233	Takashimaya Company, Limited	0.71	1,483	0.3	-569.2	31.0	7	0.9	Nov 19
8273	Izumi Co Ltd.	0.61	1,928	0.2	11.2	9.5	5	1.0	Nov 19
023530.KS	Lotte Shopping Company Limited	0.44	1,708	0.5	-9.2	32.4	0	1.0	Dec 19
M	Macy`s, Inc.	0.43	1,483	0.2	1.0	3.5	6	1.4	Jan 20
QRTEA	Qurate Retail Group, Inc	0.39	2,342	0.7	2.2	7.3	6	1.4	Dec 19
DDS	Dillards Inc	0.33	629	0.2	3.6	3.7	2	1.4	Jan 20
KSS	Kohls Corp	0.32	1,878	0.3	2.0	3.6	2	1.6	Jan 20