• Choice Hotels average price to free cash flow ratio for 2024 was 41.8, a 92.1% decline from 2023.
• Choice Hotels average price to free cash flow ratio for 2023 was 21.76, a 36% increase from 2022.
• Choice Hotels average price to free cash flow ratio for 2022 was 16, a 63.77% increase from 2021.

Price to free cash flow ratio can be defined as