• Ovintiv average price to free cash flow ratio for 2023 was 6.96, a 1.42% increase from 2022.
• Ovintiv average price to free cash flow ratio for 2022 was 7.06, a 26.52% decline from 2021.
• Ovintiv average price to free cash flow ratio for 2021 was 5.58, a 6.22% increase from 2020.

Price to free cash flow ratio can be defined as