• Churchill Downs average price to free cash flow ratio for 2024 was 125.6, a 564.9% increase from 2023.
• Churchill Downs average price to free cash flow ratio for 2023 was 18.89, a 18.33% increase from 2022.
• Churchill Downs average price to free cash flow ratio for 2022 was 23.13, a 67.74% decline from 2021.

Price to free cash flow ratio can be defined as