• Stifel Financial average price to free cash flow ratio for 2023 was 8.65, a 7.19% increase from 2022.
• Stifel Financial average price to free cash flow ratio for 2022 was 8.07, a 34.66% increase from 2021.
• Stifel Financial average price to free cash flow ratio for 2021 was 12.35, a 172.63% decline from 2020.

Price to free cash flow ratio can be defined as