• Etsy average price to free cash flow ratio for 2023 was 16.95, a 31.49% decline from 2022.
• Etsy average price to free cash flow ratio for 2022 was 24.74, a 44.92% decline from 2021.
• Etsy average price to free cash flow ratio for 2021 was 44.92, a 36.2% decline from 2020.

Price to free cash flow ratio can be defined as