• Goldman Sachs average price to free cash flow ratio for 2023 was 1.88, a 66.96% decline from 2022.
• Goldman Sachs average price to free cash flow ratio for 2022 was 5.69, a 21.19% decline from 2021.
• Goldman Sachs average price to free cash flow ratio for 2021 was 7.22, a 156.94% decline from 2020.

Price to free cash flow ratio can be defined as