• Lincoln Electric Holdings average price to free cash flow ratio for 2023 was 21.43, a 13.87% increase from 2022.
• Lincoln Electric Holdings average price to free cash flow ratio for 2022 was 24.88, a 4.89% decline from 2021.
• Lincoln Electric Holdings average price to free cash flow ratio for 2021 was 23.72, a 42.38% increase from 2020.

Price to free cash flow ratio can be defined as