• Johnson Controls average price to free cash flow ratio for 2023 was 43.93, a 50.3% increase from 2022.
• Johnson Controls average price to free cash flow ratio for 2022 was 88.39, a 330.33% decline from 2021.
• Johnson Controls average price to free cash flow ratio for 2021 was 20.54, a 62.89% increase from 2020.

Price to free cash flow ratio can be defined as