• VALE S.A average price to free cash flow ratio for 2024 was 8.29, a 13.01% decline from 2023.
• VALE S.A average price to free cash flow ratio for 2023 was 9.53, a 32.36% decline from 2022.
• VALE S.A average price to free cash flow ratio for 2022 was 7.2, a 136.07% increase from 2021.

Price to free cash flow ratio can be defined as