• NetEase average price to free cash flow ratio for 2024 was 12.1, a 15.5% decline from 2023.
• NetEase average price to free cash flow ratio for 2023 was 14.32, a 0.49% decline from 2022.
• NetEase average price to free cash flow ratio for 2022 was 14.39, a 18.47% decline from 2021.

Price to free cash flow ratio can be defined as