• Norfolk Southern average price to free cash flow ratio for 2023 was 33.36, a 63.37% increase from 2022.
• Norfolk Southern average price to free cash flow ratio for 2022 was 20.42, a 10.28% increase from 2021.
• Norfolk Southern average price to free cash flow ratio for 2021 was 22.76, a 20.17% decline from 2020.

Price to free cash flow ratio can be defined as