• UPS average price to free cash flow ratio for 2023 was 23.09, a 66.96% increase from 2022.
• UPS average price to free cash flow ratio for 2022 was 13.83, a 17.38% increase from 2021.
• UPS average price to free cash flow ratio for 2021 was 16.74, a 19.25% decline from 2020.

Price to free cash flow ratio can be defined as