• M&T Bank average price to free cash flow ratio for 2024 was 8.14, a 45.62% increase from 2023.
• M&T Bank average price to free cash flow ratio for 2023 was 5.59, a 12.38% increase from 2022.
• M&T Bank average price to free cash flow ratio for 2022 was 6.38, a 16.82% decline from 2021.

Price to free cash flow ratio can be defined as