• Fastenal average price to free cash flow ratio for 2023 was 28.78, a 35.27% increase from 2022.
• Fastenal average price to free cash flow ratio for 2022 was 44.46, a 21.67% decline from 2021.
• Fastenal average price to free cash flow ratio for 2021 was 36.54, a 37.89% increase from 2020.

Price to free cash flow ratio can be defined as