Average P/E Ratio definition
Average P/E Ratio means, as of any date, one- half the sum of (i) the arithmetic average of the P/E Ratios of the publicly traded companies having businesses comparable to the FFS Business that are listed on Exhibit I (as such exhibit may be amended from time to time upon the recommendation of M▇▇▇▇▇▇▇▇▇ Securities, subject to mutual agreement of the parties) and (ii) the P/E Ratio of the Company.