• Paychex average price to free cash flow ratio for 2024 was 27.26, a 19.51% increase from 2023.
• Paychex average price to free cash flow ratio for 2023 was 22.81, a 17.27% increase from 2022.
• Paychex average price to free cash flow ratio for 2022 was 27.57, a 3.33% decline from 2021.

Price to free cash flow ratio can be defined as