• ADP average price to free cash flow ratio for 2023 was 24.57, a 15.83% increase from 2022.
• ADP average price to free cash flow ratio for 2022 was 29.19, a 0.9% decline from 2021.
• ADP average price to free cash flow ratio for 2021 was 28.93, a 40.3% increase from 2020.

Price to free cash flow ratio can be defined as