• Watsco average price to free cash flow ratio for 2023 was 27.22, a 1.08% increase from 2022.
• Watsco average price to free cash flow ratio for 2022 was 26.93, a 11.88% increase from 2021.
• Watsco average price to free cash flow ratio for 2021 was 24.07, a 75.44% increase from 2020.

Price to free cash flow ratio can be defined as