• Pentair average price to free cash flow ratio for 2023 was 23.62, a 3.55% increase from 2022.
• Pentair average price to free cash flow ratio for 2022 was 22.81, a 22.9% increase from 2021.
• Pentair average price to free cash flow ratio for 2021 was 18.56, a 33.91% increase from 2020.

Price to free cash flow ratio can be defined as