• Amdocs average price to free cash flow ratio for 2023 was 16.56, a 15.68% decline from 2022.
• Amdocs average price to free cash flow ratio for 2022 was 19.64, a 42.11% decline from 2021.
• Amdocs average price to free cash flow ratio for 2021 was 13.82, a 7.31% increase from 2020.

Price to free cash flow ratio can be defined as