• IBM average price to free cash flow ratio for 2024 was 13.92, a 28.89% increase from 2023.
• IBM average price to free cash flow ratio for 2023 was 10.8, a 12.97% increase from 2022.
• IBM average price to free cash flow ratio for 2022 was 12.41, a 68.84% decline from 2021.

Price to free cash flow ratio can be defined as