• Exponent average price to free cash flow ratio for 2023 was 54.26, a 3.43% decline from 2022.
• Exponent average price to free cash flow ratio for 2022 was 52.46, a 7.94% increase from 2021.
• Exponent average price to free cash flow ratio for 2021 was 48.6, a 19.09% increase from 2020.

Price to free cash flow ratio can be defined as