• Applied Materials average price to free cash flow ratio for 2023 was 17.99, a 2.86% increase from 2022.
• Applied Materials average price to free cash flow ratio for 2022 was 18.52, a 27.26% decline from 2021.
• Applied Materials average price to free cash flow ratio for 2021 was 25.46, a 49.76% decline from 2020.

Price to free cash flow ratio can be defined as