• Gerdau S.A average price to free cash flow ratio for 2023 was 7.87, a 96.75% decline from 2022.
• Gerdau S.A average price to free cash flow ratio for 2022 was 4, a 33.11% increase from 2021.
• Gerdau S.A average price to free cash flow ratio for 2021 was 5.98, a 89.05% decline from 2020.

Price to free cash flow ratio can be defined as