• Zoetis average price to free cash flow ratio for 2023 was 55.93, a 3.67% decline from 2022.
• Zoetis average price to free cash flow ratio for 2022 was 53.95, a 2.59% increase from 2021.
• Zoetis average price to free cash flow ratio for 2021 was 52.59, a 18.31% increase from 2020.

Price to free cash flow ratio can be defined as