• Pembina Pipeline average price to free cash flow ratio for 2023 was 10.22, a 4.93% increase from 2022.
• Pembina Pipeline average price to free cash flow ratio for 2022 was 9.74, a 1.81% increase from 2021.
• Pembina Pipeline average price to free cash flow ratio for 2021 was 9.92, a 32.01% decline from 2020.

Price to free cash flow ratio can be defined as