Rational Investing

	Total Market Capitalization of All Firms	$203,417 mm
	Average Market Capitalization	$50,854 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.9
	Standard Deviation of MM Ratio	0.2
	Average Beta	0.7
	Average EV To Revenue	16.2
	Average EV To EBITDAM	40.6
	Average Price To Free Cash Flow	55.3

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
CCI	Crown Castle International Cor	2.17	60,540	12.9	58.8	44.5	6	1.0	Dec 19
AMT	American Tower Corp	1.93	98,482	15.4	49.6	31.0	5	0.7	Dec 19
CLNX.MC	Cellnex Telecom SA	1.85	14,406	17.8	-38.9	49.0	8	0.7	Dec 19
SBAC	Sba Communications Corp	1.73	29,989	18.6	57.5	38.1	8	0.7	Dec 19