• Moody's average price to free cash flow ratio for 2024 was 36.43, a 3.55% increase from 2023.
• Moody's average price to free cash flow ratio for 2023 was 37.77, a 4.91% decline from 2022.
• Moody's average price to free cash flow ratio for 2022 was 39.72, a 34.55% decline from 2021.

Price to free cash flow ratio can be defined as