• Moody's average price to free cash flow ratio for 2024 was 35.83, a 4.96% decline from 2023.
• Moody's average price to free cash flow ratio for 2023 was 37.7, a 4.89% decline from 2022.
• Moody's average price to free cash flow ratio for 2022 was 39.64, a 34.56% decline from 2021.

Price to free cash flow ratio can be defined as