• Merck average price to free cash flow ratio for 2024 was 21.5, a 11.23% decline from 2023.
• Merck average price to free cash flow ratio for 2023 was 24.22, a 57.07% decline from 2022.
• Merck average price to free cash flow ratio for 2022 was 15.42, a 57.56% increase from 2021.

Price to free cash flow ratio can be defined as