• Woodward average price to free cash flow ratio for 2023 was 39.62, a 3.11% decline from 2022.
• Woodward average price to free cash flow ratio for 2022 was 40.89, a 124.18% decline from 2021.
• Woodward average price to free cash flow ratio for 2021 was 18.24, a 18.75% increase from 2020.

Price to free cash flow ratio can be defined as