• Pentair average price to free cash flow ratio for 2023 was 23.67, a 3.54% increase from 2022.
• Pentair average price to free cash flow ratio for 2022 was 22.86, a 22.9% increase from 2021.
• Pentair average price to free cash flow ratio for 2021 was 18.6, a 33.91% increase from 2020.

Price to free cash flow ratio can be defined as