• Allegion average price to free cash flow ratio for 2023 was 20.51, a 20.6% increase from 2022.
• Allegion average price to free cash flow ratio for 2022 was 25.83, a 15.06% decline from 2021.
• Allegion average price to free cash flow ratio for 2021 was 22.45, a 12.03% increase from 2020.

Price to free cash flow ratio can be defined as