• Lazard average price to free cash flow ratio for 2023 was 19.96, a 392.84% decline from 2022.
• Lazard average price to free cash flow ratio for 2022 was 4.05, a 42.47% increase from 2021.
• Lazard average price to free cash flow ratio for 2021 was 7.04, a 26.62% decline from 2020.

Price to free cash flow ratio can be defined as