• Garmin average price to free cash flow ratio for 2023 was 22.59, a 47.6% increase from 2022.
• Garmin average price to free cash flow ratio for 2022 was 43.11, a 61.89% decline from 2021.
• Garmin average price to free cash flow ratio for 2021 was 26.63, a 20.88% increase from 2020.

Price to free cash flow ratio can be defined as