• EMCOR average price to free cash flow ratio for 2024 was 16.1, a 10.65% decline from 2023.
• EMCOR average price to free cash flow ratio for 2023 was 14.55, a 22.03% increase from 2022.
• EMCOR average price to free cash flow ratio for 2022 was 18.66, a 15.4% decline from 2021.

Price to free cash flow ratio can be defined as