• Dow average price to free cash flow ratio for 2023 was 11.33, a 78.14% increase from 2022.
• Dow average price to free cash flow ratio for 2022 was 6.36, a 28.3% increase from 2021.
• Dow average price to free cash flow ratio for 2021 was 8.87, a 54.8% decline from 2020.

Price to free cash flow ratio can be defined as