• Zscaler average price to free cash flow ratio for 2023 was 56.59, a 56.49% decline from 2022.
• Zscaler average price to free cash flow ratio for 2022 was 130.05, a 47.63% decline from 2021.
• Zscaler average price to free cash flow ratio for 2021 was 248.33, a 38.72% decline from 2020.

Price to free cash flow ratio can be defined as