• Moody's average price to free cash flow ratio for 2024 was 35.77, a 4.92% decline from 2023.
• Moody's average price to free cash flow ratio for 2023 was 37.62, a 4.93% decline from 2022.
• Moody's average price to free cash flow ratio for 2022 was 39.57, a 34.59% decline from 2021.

Price to free cash flow ratio can be defined as