• Donaldson average price to free cash flow ratio for 2023 was 20.61, a 39.47% increase from 2022.
• Donaldson average price to free cash flow ratio for 2022 was 34.05, a 45.33% decline from 2021.
• Donaldson average price to free cash flow ratio for 2021 was 23.43, a 4.18% increase from 2020.

Price to free cash flow ratio can be defined as