• Brown & Brown average price to free cash flow ratio for 2023 was 19.45, a 11.15% increase from 2022.
• Brown & Brown average price to free cash flow ratio for 2022 was 21.89, a 5.29% decline from 2021.
• Brown & Brown average price to free cash flow ratio for 2021 was 20.79, a 26.31% increase from 2020.

Price to free cash flow ratio can be defined as