• Merck average price to free cash flow ratio for 2024 was 24.25, a 0.74% decline from 2023.
• Merck average price to free cash flow ratio for 2023 was 24.43, a 57.01% decline from 2022.
• Merck average price to free cash flow ratio for 2022 was 15.56, a 58.18% increase from 2021.

Price to free cash flow ratio can be defined as