• Taiwan Semiconductor Manufacturing average price to free cash flow ratio for 2023 was 51.15, a 105.09% decline from 2022.
• Taiwan Semiconductor Manufacturing average price to free cash flow ratio for 2022 was 24.94, a 56.39% increase from 2021.
• Taiwan Semiconductor Manufacturing average price to free cash flow ratio for 2021 was 57.19, a 6.96% decline from 2020.

Price to free cash flow ratio can be defined as