• 3M average price to free cash flow ratio for 2023 was 9.55, a 24.33% increase from 2022.
• 3M average price to free cash flow ratio for 2022 was 12.62, a 7.59% decline from 2021.
• 3M average price to free cash flow ratio for 2021 was 11.73, a 13.44% increase from 2020.

Price to free cash flow ratio can be defined as