diff --git a/libs/ardour/meter.cc b/libs/ardour/meter.cc
index bc1affa2c3..4a873600f6 100644
--- a/libs/ardour/meter.cc
+++ b/libs/ardour/meter.cc
@@ -121,7 +121,7 @@ PeakMeter::meter ()
 			_visible_peak_power[n] = new_peak;
 		} else {
 			// do falloff
-			new_peak = _visible_peak_power[n] - Config->get_meter_falloff();
+			new_peak = _visible_peak_power[n] - (Config->get_meter_falloff() * 0.01f);
 			_visible_peak_power[n] = std::max (new_peak, -INFINITY);
 		}
 	}