• Enphase Energy average price to free cash flow ratio for 2023 was 29.56, a 57.49% decline from 2022.
• Enphase Energy average price to free cash flow ratio for 2022 was 69.54, a 24.59% decline from 2021.
• Enphase Energy average price to free cash flow ratio for 2021 was 92.22, a 47.25% decline from 2020.

Price to free cash flow ratio can be defined as