• Penske Automotive average price to free cash flow ratio for 2023 was 11.99, a 71.04% increase from 2022.
• Penske Automotive average price to free cash flow ratio for 2022 was 7.01, a 22.34% increase from 2021.
• Penske Automotive average price to free cash flow ratio for 2021 was 5.73, a 23.76% increase from 2020.

Price to free cash flow ratio can be defined as