• Microsoft average price to free cash flow ratio for 2023 was 39.5, a 29.55% increase from 2022.
• Microsoft average price to free cash flow ratio for 2022 was 30.49, a 15.14% increase from 2021.
• Microsoft average price to free cash flow ratio for 2021 was 35.93, a 15.42% decline from 2020.

Price to free cash flow ratio can be defined as