• Lincoln Electric Holdings average price to free cash flow ratio for 2023 was 21.51, a 13.86% decline from 2022.
• Lincoln Electric Holdings average price to free cash flow ratio for 2022 was 24.97, a 4.92% decline from 2021.
• Lincoln Electric Holdings average price to free cash flow ratio for 2021 was 23.8, a 42.34% increase from 2020.

Price to free cash flow ratio can be defined as