• First Horizon average price to free cash flow ratio for 2024 was 4.96, a 19.61% increase from 2023.
• First Horizon average price to free cash flow ratio for 2023 was 6.17, a 52.68% decline from 2022.
• First Horizon average price to free cash flow ratio for 2022 was 13.04, a 104.39% decline from 2021.

Price to free cash flow ratio can be defined as