• Harley-Davidson average price to free cash flow ratio for 2023 was 12.08, a 11.75% decline from 2022.
• Harley-Davidson average price to free cash flow ratio for 2022 was 10.81, a 83.22% increase from 2021.
• Harley-Davidson average price to free cash flow ratio for 2021 was 5.9, a 36.89% increase from 2020.

Price to free cash flow ratio can be defined as