Comps Fruit Stand Earnings Multiple Comp 1 Comp 2 Comp 3 Peer group mean 0.85 2.50 1.59 Stock Price 12.50 18.00 15.75 1.25 Our Fruit Stand Expected Earnings Comps-derived multiple Implied Stock Price Comps Pie Stand Earnings Multiple Comp 1 Comp 2 Comp 3 Peer group mean 1.23 2.69 1.75 Stock Price 63.12 125.42 56.93 1.71 Our Pie Stand Comps-derived multiple Implied Stock Price