• Hormel Foods average price to free cash flow ratio for 2023 was 27.5, a 3.85% decline from 2022.
• Hormel Foods average price to free cash flow ratio for 2022 was 26.48, a 29.2% increase from 2021.
• Hormel Foods average price to free cash flow ratio for 2021 was 37.4, a 18.13% decline from 2020.

Price to free cash flow ratio can be defined as