• M&T Bank average price to free cash flow ratio for 2024 was 8.35, a 51.82% decline from 2023.
• M&T Bank average price to free cash flow ratio for 2023 was 5.5, a 12.42% increase from 2022.
• M&T Bank average price to free cash flow ratio for 2022 was 6.28, a 16.71% decline from 2021.

Price to free cash flow ratio can be defined as