• Alcoa average price to free cash flow ratio for 2023 was 14.03, a 6.69% decline from 2022.
• Alcoa average price to free cash flow ratio for 2022 was 13.15, a 27.3% increase from 2021.
• Alcoa average price to free cash flow ratio for 2021 was 10.33, a 32.61% increase from 2020.

Price to free cash flow ratio can be defined as