Please answer the given financial question based on the context.
Context: five-year stock performance graph the graph below illustrates the cumulative total shareholder return on snap-on common stock since december 31 , 2007 , assuming that dividends were reinvested . the graph compares snap-on 2019s performance to that of the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a peer group . snap-on incorporated total shareholder return ( 1 ) fiscal year ended ( 2 ) snap-on incorporated peer group ( 3 ) s&p 500 .
|fiscal year ended ( 2 )|snap-onincorporated|peer group ( 3 )|s&p 500|
|december 31 2007|$ 100.00|$ 100.00|$ 100.00|
|december 31 2008|83.66|66.15|63.00|
|december 31 2009|93.20|84.12|79.67|
|december 31 2010|128.21|112.02|91.67|
|december 31 2011|117.47|109.70|93.61|
|december 31 2012|187.26|129.00|108.59|
( 1 ) assumes $ 100 was invested on december 31 , 2007 , and that dividends were reinvested quarterly . ( 2 ) the company's fiscal year ends on the saturday that is on or nearest to december 31 of each year ; for ease of calculation , the fiscal year end is assumed to be december 31 . ( 3 ) the peer group consists of : stanley black & decker , inc. , danaher corporation , emerson electric co. , genuine parts company , newell rubbermaid inc. , pentair ltd. , spx corporation and w.w . grainger , inc . cooper industries plc , a former member of the peer group , was removed , as it was acquired by a larger , non-comparable company in 2012 . 2012 annual report 23 snap-on incorporated peer group s&p 500 2007 2008 201120102009 2012 .
Question: what was the ratio of the snap-on 2019s performance to that of the standard & poor 2019s 500 stock index in 2012


Answer: The answer is:1.72447