• NIKE average price to free cash flow ratio for 2023 was 35.95, a 35.48% decline from 2022.
• NIKE average price to free cash flow ratio for 2022 was 55.72, a 28.89% decline from 2021.
• NIKE average price to free cash flow ratio for 2021 was 43.23, a 40.5% increase from 2020.

Price to free cash flow ratio can be defined as