• Watsco average price to free cash flow ratio for 2023 was 27.88, a 7.19% increase from 2022.
• Watsco average price to free cash flow ratio for 2022 was 26.01, a 8.42% increase from 2021.
• Watsco average price to free cash flow ratio for 2021 was 23.99, a 76.4% increase from 2020.

Price to free cash flow ratio can be defined as