Rational Investing

	Total Market Capitalization of All Firms	$81,545 mm
	Average Market Capitalization	$7,413 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.2
	Standard Deviation of MM Ratio	0.5
	Average Beta	1.1
	Average EV To Revenue	0.5
	Average EV To EBITDAM	22.8
	Average Price To Free Cash Flow	51.9

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	2.16	1,988	0.3	99	30	-33	1.3	Jun 20
8242	H2O RETAILING CORPORATION	1.84	800	0.3	99	30	-20	1.3	Jun 20
WALMEXV.MX	Wal Mart de Mexico SAB de CV	1.67	40,675	0.1	37.0	32.5	7	0.5	Jun 20
8233	Takashimaya Company, Limited	1.55	1,344	0.5	99	30	-36	1.1	May 20
8267	Aeon Co.,ltd.	1.39	23,290	0.4	99	30	0	0.7	May 20
023530.KS	Lotte Shopping Company Limited	0.96	1,851	1.0	99	30	-7	1.2	Jun 20
8273	Izumi Co Ltd.	0.92	2,600	0.2	14.1	12.3	-11	0.9	May 20
KSS	Kohls Corp	0.76	3,237	0.4	7.0	5.5	-24	1.6	Jul 20
DDS	Dillards Inc	0.73	2,190	0.6	2	4.6	-33	0.9	Jul 20
3086	J.front Retailing Co.,ltd	0.72	1,711	0.8	9.7	16.3	-23	1.6	May 20
M	Macy`s, Inc.	0.60	1,859	0.5	6	30	-29	1.5	Jul 20