• 3M average price to free cash flow ratio for 2023 was 9.6, a 24.35% increase from 2022.
• 3M average price to free cash flow ratio for 2022 was 12.69, a 7.54% decline from 2021.
• 3M average price to free cash flow ratio for 2021 was 11.8, a 13.57% increase from 2020.

Price to free cash flow ratio can be defined as