• First Horizon average price to free cash flow ratio for 2024 was 5.85, a 3.62% increase from 2023.
• First Horizon average price to free cash flow ratio for 2023 was 6.07, a 52.65% decline from 2022.
• First Horizon average price to free cash flow ratio for 2022 was 12.82, a 104.47% decline from 2021.

Price to free cash flow ratio can be defined as