Rational Investing

	Total Market Capitalization of All Firms	371022 mm
	Average Market Capitalization	19527 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.83
	Standard Deviation of MM Ratio	0
	Average Beta	1.01
	Average EV To Revenue	0.66
	Average Price To Free Cash Flow	34.37

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	% Growth	Beta	As Of
DK	Delek Us Holdings Inc.	1.5	3,773	0.6	-57.8	39	1.26	Jun 18
5019	Idemitsu Kosan Co	1.1	11,018	0.2	9.9	10	0.75	Jun 18
SPH	Suburban Propane Partners Lp	1.1	1,413	2.0	14.4	11	0.66	Jun 18
VLO	Valero Energy Corp	1.1	50,989	0.5	40.7	20	0.99	Jun 18
CTX.AX	Caltex Australia Limited	1.0	5,579	0.3	-188.0	9	0.84	Jun 18
NESTE.HE	Neste Oyj	1.0	21,431	1.4	25.0	24	1.13	Jun 18
ANDV	Andeavor	0.9	24,428	0.7	-15.4	34	1.17	Jun 18
CVI	CVR Energy, Inc.	0.9	3,358	0.6	-23.8	27	1.46	Jun 18
HFC	Holly Frontier Corporation	0.9	12,088	0.6	6.6	64	1.10	Jun 18
6505.TW	Formosa Petrochemical Corp	0.7	40,038	0.1	14.3	25	0.53	Jun 18
MPC	Marathon Petroleum Corporation	0.7	42,433	0.6	24.0	16	1.38	Jun 18
PSX	Phillips 66	0.7	57,705	0.6	147.0	13	1.00	Jun 18
TSO	Tesoro Corp	0.7	11,658	0.7	-42.1	12	1.60	Mar 17
UGP	Ultrapar Participacoes SA	0.7	5,193	0.4	135.8	15	0.66	Jun 18
5020	JX Holdings Inc	0.6	24,430	0.2	8.8	24	0.72	Jun 18
APU	Amerigas Partners LP	0.6	3,713	2.2	8.2	19	0.58	Mar 18
GLP	Global Partners Lp	0.6	617	0.2	2.5	31	1.06	Jun 18
PTT-R.BK	PTT PCL	0.6	44,738	0.3	9.6	17	1.33	Jun 18
KCHOL.IS	Koc Holding AS	0.4	6,420	0.4	-16.6	35	1.05	Jun 18