• Lam Research average price to free cash flow ratio for 2023 was 19.11, a 2% decline from 2022.
• Lam Research average price to free cash flow ratio for 2022 was 19.5, a 29.68% decline from 2021.
• Lam Research average price to free cash flow ratio for 2021 was 27.73, a 15.06% decline from 2020.

Price to free cash flow ratio can be defined as