• Ryder System average price to free cash flow ratio for 2023 was 16.26, a 314.8% increase from 2022.
• Ryder System average price to free cash flow ratio for 2022 was 3.92, a 35.17% increase from 2021.
• Ryder System average price to free cash flow ratio for 2021 was 2.9, a 53.44% increase from 2020.

Price to free cash flow ratio can be defined as