Rational Investing

	Total Market Capitalization of All Firms	$240,438 mm
	Average Market Capitalization	$60,109 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.9
	Standard Deviation of MM Ratio	0.4
	Average Beta	0.7
	Average EV To Revenue	18.6
	Average EV To EBITDAM	37.5
	Average Price To Free Cash Flow	61.1

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
CLNX.MC	Cellnex Telecom SA	2.29	18,636	21.3	55.1	30	8	0.7	Dec 19
CCI	Crown Castle International Cor	2.28	70,975	15.2	69.2	48.8	2	1.0	Mar 20
SBAC	Sba Communications Corp	1.94	34,041	20.8	64.7	40.6	6	0.7	Mar 20
AMT	American Tower Corp	1.28	116,786	17.2	55.3	30.6	8	0.7	Mar 20