• VALE S.A average price to free cash flow ratio for 2024 was 9.11, a 0.76% increase from 2023.
• VALE S.A average price to free cash flow ratio for 2023 was 9.18, a 32.47% decline from 2022.
• VALE S.A average price to free cash flow ratio for 2022 was 6.93, a 136.52% increase from 2021.

Price to free cash flow ratio can be defined as