• American Tower average price to free cash flow ratio for 2024 was 28.27, a 17.6% decline from 2023.
• American Tower average price to free cash flow ratio for 2023 was 34.31, a 25.78% decline from 2022.
• American Tower average price to free cash flow ratio for 2022 was 46.23, a 39.58% decline from 2021.

Price to free cash flow ratio can be defined as