• Nexstar Media average price to free cash flow ratio for 2023 was 6.1, a 7.77% increase from 2022.
• Nexstar Media average price to free cash flow ratio for 2022 was 5.66, a 7.21% increase from 2021.
• Nexstar Media average price to free cash flow ratio for 2021 was 6.1, a 13.81% decline from 2020.

Price to free cash flow ratio can be defined as