• Valero Energy average price to free cash flow ratio for 2023 was 5.06, a 14.38% increase from 2022.
• Valero Energy average price to free cash flow ratio for 2022 was 5.91, a 19.15% decline from 2021.
• Valero Energy average price to free cash flow ratio for 2021 was 7.31, a 24.87% decline from 2020.

Price to free cash flow ratio can be defined as