• Penske Automotive average price to free cash flow ratio for 2023 was 11.9, a 71.22% increase from 2022.
• Penske Automotive average price to free cash flow ratio for 2022 was 6.95, a 22.14% increase from 2021.
• Penske Automotive average price to free cash flow ratio for 2021 was 5.69, a 23.97% increase from 2020.

Price to free cash flow ratio can be defined as