• Morningstar average price to free cash flow ratio for 2024 was 36.39, a 40.34% decline from 2023.
• Morningstar average price to free cash flow ratio for 2023 was 61, a 34.72% decline from 2022.
• Morningstar average price to free cash flow ratio for 2022 was 45.28, a 30.08% increase from 2021.

Price to free cash flow ratio can be defined as