• UPS average price to free cash flow ratio for 2024 was 22, a 3.59% decline from 2023.
• UPS average price to free cash flow ratio for 2023 was 22.82, a 66.93% decline from 2022.
• UPS average price to free cash flow ratio for 2022 was 13.67, a 17.35% increase from 2021.

Price to free cash flow ratio can be defined as