• Morningstar average price to free cash flow ratio for 2024 was 37.89, a 38.07% decline from 2023.
• Morningstar average price to free cash flow ratio for 2023 was 61.18, a 34.7% decline from 2022.
• Morningstar average price to free cash flow ratio for 2022 was 45.42, a 30.11% increase from 2021.

Price to free cash flow ratio can be defined as