• Novo Nordisk average price to free cash flow ratio for 2024 was 54.26, a 56.23% decline from 2023.
• Novo Nordisk average price to free cash flow ratio for 2023 was 34.73, a 19.18% increase from 2022.
• Novo Nordisk average price to free cash flow ratio for 2022 was 29.14, a 14.23% increase from 2021.

Price to free cash flow ratio can be defined as