Table 6

Ratios of the Pension Funds' portfolios

PercentilePtoBook_Per_PtoFCF_ROA_
10.915.614.900.11
51.069.0410.351.93
101.1210.3112.403.07
251.2711.5418.183.82
501.4414.6524.234.17
751.6617.2431.084.95
902.4618.9634.926.05
953.2218.9637.596.64
993.9722.1062.588.41

Note(s): In this table PtoBook is the Price-to-Book ratio, PER is the Price-to-Earnings Ratio, PtoFCF is the Price-to-free cash flow and ROA is the return on assets

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