• Cognex average price to free cash flow ratio for 2023 was 56.13, a 37.3% increase from 2022.
• Cognex average price to free cash flow ratio for 2022 was 40.88, a 11.95% increase from 2021.
• Cognex average price to free cash flow ratio for 2021 was 46.43, a 4.92% decline from 2020.

Price to free cash flow ratio can be defined as