• IBM average price to free cash flow ratio for 2024 was 13.83, a 29.01% increase from 2023.
• IBM average price to free cash flow ratio for 2023 was 10.72, a 13.06% increase from 2022.
• IBM average price to free cash flow ratio for 2022 was 12.33, a 68.67% decline from 2021.

Price to free cash flow ratio can be defined as