• Lumentum Holdings average price to free cash flow ratio for 2023 was 26.57, a 55.74% decline from 2022.
• Lumentum Holdings average price to free cash flow ratio for 2022 was 17.06, a 61.1% increase from 2021.
• Lumentum Holdings average price to free cash flow ratio for 2021 was 10.59, a 28.97% increase from 2020.

Price to free cash flow ratio can be defined as