• Vail Resorts average price to free cash flow ratio for 2023 was 21.65, a 26.68% decline from 2022.
• Vail Resorts average price to free cash flow ratio for 2022 was 17.09, a 46.51% increase from 2021.
• Vail Resorts average price to free cash flow ratio for 2021 was 31.95, a 4.17% decline from 2020.

Price to free cash flow ratio can be defined as