• Zoetis average price to free cash flow ratio for 2023 was 55.79, a 3.66% decline from 2022.
• Zoetis average price to free cash flow ratio for 2022 was 53.82, a 2.57% increase from 2021.
• Zoetis average price to free cash flow ratio for 2021 was 52.47, a 18.34% increase from 2020.

Price to free cash flow ratio can be defined as