• S&P Global average price to free cash flow ratio for 2023 was 71.65, a 208.84% decline from 2022.
• S&P Global average price to free cash flow ratio for 2022 was 23.2, a 14.55% increase from 2021.
• S&P Global average price to free cash flow ratio for 2021 was 27.15, a 20.51% decline from 2020.

Price to free cash flow ratio can be defined as