• Novo Nordisk average price to free cash flow ratio for 2024 was 48.88, a 43.01% decline from 2023.
• Novo Nordisk average price to free cash flow ratio for 2023 was 34.18, a 19.22% increase from 2022.
• Novo Nordisk average price to free cash flow ratio for 2022 was 28.67, a 14.22% increase from 2021.

Price to free cash flow ratio can be defined as