• Valero Energy average price to free cash flow ratio for 2023 was 5.02, a 14.48% increase from 2022.
• Valero Energy average price to free cash flow ratio for 2022 was 5.87, a 19.03% decline from 2021.
• Valero Energy average price to free cash flow ratio for 2021 was 7.25, a 24.95% decline from 2020.

Price to free cash flow ratio can be defined as