• Fiserv average price to free cash flow ratio for 2023 was 21.53, a 4.9% increase from 2022.
• Fiserv average price to free cash flow ratio for 2022 was 22.64, a 5.86% decline from 2021.
• Fiserv average price to free cash flow ratio for 2021 was 24.05, a 13.34% decline from 2020.

Price to free cash flow ratio can be defined as