• Northern Trust average price to free cash flow ratio for 2024 was 5.65, a 18.94% decline from 2023.
• Northern Trust average price to free cash flow ratio for 2023 was 6.97, a 77.02% decline from 2022.
• Northern Trust average price to free cash flow ratio for 2022 was 30.33, a 43.1% decline from 2021.

Price to free cash flow ratio can be defined as