Rational Investing

	Total Market Capitalization of All Firms	$111,574 mm
	Average Market Capitalization	$7,438 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.8
	Standard Deviation of MM Ratio	0
	Average Beta	1.0
	Average EV To Revenue	0.4
	Average Price To Free Cash Flow	14.8

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	% Growth	Beta	As Of
KSS	Kohls Corp	1.4	7,290	0.5	8.4	0	1.0	Oct 19
3099	Isetan Mitsukoshi Holdings Ltd	1.2	3,170	0.1	52.2	8	1.1	Sep 19
8267	Aeon Co.,ltd.	1.1	17,906	0.3	-398.6	4	0.8	Nov 19
W	Wayfair Inc.	1.1	9,560	1.3	-9.7	33	1.8	Sep 19
8242	H2O RETAILING CORPORATION	1.0	1,255	0.2	23.7	6	1.1	Sep 19
WALMEXV.MX	Wal Mart de Mexico SAB de CV	1.0	51,111	0.1	33.8	6	0.7	Sep 19
023530.KS	Lotte Shopping Company Limited	0.9	3,145	0.4	8.6	0	0.8	Sep 19
8233	Takashimaya Company, Limited	0.8	1,910	0.3	8.5	5	1.0	Nov 19
8273	Izumi Co Ltd.	0.8	2,258	0.2	8.6	3	0.9	Nov 19
DDS	Dillards Inc	0.7	1,835	0.3	9.4	0	1.1	Oct 19
DEB.L	Debenhams	0.6	29	0.2	-94.6	1	1.0	Aug 18
QRTEA	Qurate Retail Group, Inc	0.6	3,669	0.8	4.9	0	1.1	Sep 19
M	Macy`s, Inc.	0.5	5,049	0.4	4.9	-2	0.6	Oct 19
3086	J.front Retailing Co.,ltd	0.2	3,309	0.4	5.6	17	1.5	Nov 19
DIA.MC	DIA	0.2	76	0.2	8.4	1	1.2	Dec 18