• First Horizon average price to free cash flow ratio for 2024 was 5.9, a 3.44% increase from 2023.
• First Horizon average price to free cash flow ratio for 2023 was 6.11, a 52.71% decline from 2022.
• First Horizon average price to free cash flow ratio for 2022 was 12.92, a 104.43% decline from 2021.

Price to free cash flow ratio can be defined as