• Frontline average price to free cash flow ratio for 2023 was 4.03, a 14.8% decline from 2022.
• Frontline average price to free cash flow ratio for 2022 was 4.73, a 294.17% decline from 2021.
• Frontline average price to free cash flow ratio for 2021 was 1.2, a 60.53% increase from 2020.

Price to free cash flow ratio can be defined as