Avery Dennison Corporation (AVY)

NYSE: AVY · USD

$181

-0.87 (-0.5%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-14

Our latest published analysis: AVY rated Hold

Avery Dennison Corporation's published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$161 / share

Potential value

$204 / share

Upside to FV

-5.6%

from $181

Moat

6.8/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$13.1B
Revenue (ttm)	9.2B
Net income (ttm)	704.9M
EPS (ttm)	$9.13
Shares out	75.8M
P/E (trailing)	19.8x
P/E (forward)	15.3x
Dividend	$4.00 (2.22%)
Volume	603,260
Beta	0.80

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 9.2B
Net income (ttm): 704.9M
EPS (ttm): $9.13
P/E (trailing): 19.8x
P/E (forward): 15.3x
Market cap: $13.1B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-01-01	2022-12-31	2023-12-30	2024-12-28	2025-12-31	Trend
Revenue	$8.41B	$9.04B	$8.36B	$8.76B	$8.86B	+1.3%
Gross profit	$2.31B	$2.40B	$2.28B	$2.53B	$2.55B	+2.4%
Operating income	$1.06B	$1.08B	$813.7M	$1.07B	$1.06B	-0.1%
Net income	$740.1M	$757.1M	$503.0M	$704.9M	$688.0M	-1.8%
EPS (diluted)	$8.83	$9.21	$6.20	$8.73	$8.79	-0.1%
EBITDA	$1.31B	$1.37B	$1.11B	$1.38B	$1.39B	+1.5%
R&D	$136.6M	$136.1M	$135.8M	$137.8M	$136.6M	+0.0%
SG&A	$1.25B	$1.33B	$1.31B	$1.42B	$1.42B	+3.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	卖出
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	减持
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	持有
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	持有
APD	Air Products and Chemicals, Inc.	68.3B	—	5.4x	8.9%	+5.2%	+23.1%	持有
BALL	Ball Corporation	16.7B	18.0x	1.2x	8.7%	+2.3%	+28.3%	买入

Base and Bull scenarios

Base60%

Price target

$161.18

-5.6% from spot

Avery Dennison absorbs the guided Q3 destocking headwind of ~$0.25 per share, achieving full-year 2026 adjusted EPS within guidance of $10.00 to $10.30. Restructuring actions deliver >$60M in savings and Intelligent Labels expands moderately, anchoring intrinsic fair value at $161.18.

Organic revenue growth of 3.0% to 4.0%
FY2026 adjusted EPS of $10.00 to $10.30
FY2027 revenue reaching $9.63B and EPS of $11.19
Operating margins expanding gradually from 12.2% in FY2026 to 12.6% in FY2030
Terminal growth rate of 2.5% and WACC of 7.63%
Terminal P/E multiple of 15.0x

Bull20%

Price target

$204.24

+19.6% from spot

Customer inventory destocking resolves rapidly in Q3 2026, while Solutions Group Intelligent Labels adoption in grocery and food logistics accelerates ahead of schedule. Materials Group sustains pricing power against input inflation, driving margin expansion and full-year earnings toward the top of guidance, supporting intrinsic valuation toward the upper fair value band of $204.24.

Organic revenue growth of 5.0% to 6.0%
EPS CAGR accelerates to 9.5%
Intelligent Labels commercial rollout in Kroger and Walmart grocery expands rapidly
Adjusted operating margin expands meaningfully driven by structural cost savings and favorable product mix
Terminal P/E multiple reaches 17.0x matching premium packaging peers

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($161.18). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
6.6%	$175	$181	$187	$193	$201
7.1%	$164	$168	$173	$178	$184
7.6%	$154	$157	$161	$165	$170
8.1%	$146	$148	$152	$155	$159
8.6%	$138	$141	$143	$146	$149

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E15.3

P25 n/aP50 n/aP75 n/a

Trailing P/E18.4

P25 n/aP50 n/aP75 n/a

ROE31.2

P25 n/aP50 n/aP75 n/a

ROIC15.1

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All AVY indicators

Market & fundamental data

Available fields

291

Groups with data

Currency

USD

Showing 291 of 291 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000008818
Company name	Avery Dennison Corporation
Country	United States
Country code	US
CUSIP number	053611109
Earnings date	2026-10-29
Earnings time	bmo
Employees	35,000
Employees change	0
Employees growth	0%
Enterprise value	$17.1B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1935
In index	SP500
Industry	Packaging & Containers
Is primary listing	Yes
Is SPAC	No
ISIN number	US0536111091
Last 10-K release date	2026-02-25
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split date	1996-12-23
Last stock split type	Forward
Market cap	$13.7B
Market cap category	Large-Cap
Next earnings date	2026-10-29
Options	Yes
Price	$180.84
Price currency	USD
Sector	Consumer Discretionary
SIC code	2670
Stock price date	2026-10-28
Symbol	AVY
U.S. state	Ohio
Website	https://www.averydennison.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	17.76x
Average P/E ratio (10Y)	24.79x
Average P/E ratio (3Y)	23.81x
Average P/E ratio (5Y)	22.6x
Earnings yield	5.05%
EV/Earnings	24.29x
EV/EBIT	14.34x
EV/EBITDA	11.44x
EV/FCF	16.11x
EV/Sales	1.85x
FCF / EV yield	6.21%
FCF yield	7.75%
Forward EV/Sales	1.82x
Forward P/E	17.4x
Forward P/S	1.46x
Graham number	79.30787
Graham upside	-56.17%
Industry forward P/E	14.18x
Industry P/E	45.82x
Lynch fair value	$45.67
Lynch upside	-74.76%
P/(FCF - SBC) ratio	13.22x
P/(OCF - SBC) ratio	11.35x
P/B ratio	5.94x
P/E ratio	19.8x
P/FCF ratio	12.9x
P/OCF ratio	11.12x
P/S ratio	1.48x
PEG ratio	2.23x
Price/EBITDA ratio	9.16x
Sector forward P/E	24.43x
Sector P/E	30.53x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	12.91%
EBITDA margin	16.18%
Effective tax rate	27.01%
FCF margin	11.5%
Gross margin	28.98%
Operating margin	12.91%
Pretax margin	10.44%
Profit margin	7.62%
Profit per employee	$20,140
Profitable quarters	29
Profitable years	16
Revenue per employee	$264,231
ROA	8.39%
ROA (5Y)	8.44%
ROCE	19.24%
ROE	31.16%
ROE (5Y)	33.57%
ROIC	15.13%
ROIC (5Y)	15.79%
SBC / revenue	0.27%
Tax / revenue	2.82%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	2.41%
EPS growth (Q)	10.79%
EPS growth (QoQ)	22.48%
EPS growth 10Y	10.53%
EPS growth 3Y	9.58%
EPS growth 5Y	0.88%
EPS growth quarters	2
EPS growth years	2
FCF growth	67.34%
FCF growth (Q)	106.38%
FCF growth (QoQ)	241.04%
FCF growth 3Y	31.18%
FCF growth 5Y	5.26%
Gross profit growth	7.35%
Gross profit growth (Q)	14.13%
Gross profit growth 3Y	6.56%
Gross profit growth 5Y	3.76%
Net income growth	-0.86%
Net income growth (Q)	7.99%
Net income growth (QoQ)	21.42%
Net income growth 3Y	7.59%
Net income growth 5Y	-0.84%
Net income growth quarters	2
Net income growth years	0
OCF growth	51.59%
OCF growth (Q)	95.5%
OCF growth (QoQ)	199.05%
OCF growth 10Y	9.04%
OCF growth 3Y	17.62%
OCF growth 5Y	3.39%
Operating income growth	3.88%
Operating income growth (Q)	16.71%
Operating income growth 3Y	8.58%
Operating income growth 5Y	2.41%
Revenue growth	5.84%
Revenue growth (Q)	10.92%
Revenue growth (QoQ)	7.15%
Revenue growth 10Y	4.51%
Revenue growth 3Y	2.86%
Revenue growth 5Y	3.27%
Revenue growth quarters	4
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-170.5M
Depreciation and amortization	$302.5M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$9.13
FCF per share	$14.03
Financing cash flow	$-536M
Free cash flow	$1.1B
Free cash flow minus SBC	$1B
Gross profit	$2.7B
Income taxes	$260.8M
Investing cash flow	$-685.2M
Net borrowing	$162M
Net cash flow	$11.4M
Net income	$704.9M
Operating cash flow minus SBC	$1.2B
Operating income	$1.2B
Revenue	$9.2B
Stock-based compensation	$25.4M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.54
Book value per share	$30.60
Debt / EBITDA	2.34
Debt / equity	1.59
Debt / FCF	3.47
Goodwill	$2.3B
Interest coverage	8.41
Long-term assets	$5.8B
Long-term liabilities	$3.9B
Net cash (debt)	$-3.4B
Net cash / market cap	-24.87%
Net debt / EBITDA	2.28
Net debt / equity	1.47
Net debt / FCF	3.21
Piotroski F-Score	7
Property, plant and equipment	$1.6B
Shareholders' equity	$2.3B
Tangible book value	$-715.4M
Tangible book value per share	$-9.43
Total assets	$9.2B
Total cash	$274.7M
Total debt	$3.7B
Total liabilities	$6.9B
WACC	7.41%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.04
Current assets	$3.4B
Current liabilities	$3B
Current ratio	1.13
Inventory turnover	6.38
Net working capital	$621.3M
Quick ratio	0.69
Working capital	$395.5M
Working capital turnover	35.76

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	3.08%
Dividend growth	6.49%
Dividend growth (10Y)	9.43%
Dividend growth (3Y)	7.4%
Dividend growth (5Y)	8.17%
Dividend growth years	15
Dividend payment date	2026-12-16
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$4.00
Dividend yield	2.22%
Ex-dividend date	2026-12-02
FCF payout ratio	28.52%
Last dividend	$1.00
Payout ratio	43.79%
Shareholder yield	5.3%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	154.88%
10Y return CAGR	11.85%
10Y total return	206.3%
150-day SMA	$167.81
15Y price change	545.07%
15Y return CAGR	15.69%
15Y total return	790.63%
1D price change	-0.48%
1M price change	5.28%
1M total return	5.28%
1W price change	0.68%
1W total return	0.68%
1Y price change	-0.63%
1Y return CAGR	1.64%
1Y total return	1.64%
20-day SMA	$174.37
200-day SMA	$172.03
20Y price change	185.24%
20Y return CAGR	7.97%
20Y total return	363.29%
3M price change	10%
3M total return	10.64%
3Y price change	5.15%
3Y return CAGR	3.69%
3Y total return	11.47%
50-day SMA	$174.15
50-day SMA vs 200-day SMA	50over200
52-week high	$199.54
52-week high date	2026-02-24
52-week low	$152.42
52-week low date	2026-06-08
5Y price change	-13.86%
5Y return CAGR	-1.16%
5Y total return	-5.65%
6M price change	8.7%
6M total return	10.03%
All-time high	$233.48
All-time high date	2024-07-23
All-time low	$1.53
All-time low date	1978-03-15
Average true range (ATR)	$3.65
Average volume	601.7K
Beta (1Y)	0.34
Beta (2Y)	0.52
Beta (5Y)	0.8
Change from 52-week high	-9.37%
Change from 52-week low	18.65%
Change from all-time high	-23.19%
Change from all-time low	11,613.26%
Change from open	0.36%
Day's gap	-0.84%
Dollar volume	$109.1M
High price	$181.95
Low price	$179.20
Monthly RSI	50.43
Open price	$180.19
Position in 52-week range	59.64%
Premarket change	-0.73%
Premarket close	$181.71
Premarket price	$180.39
Premarket volume	4.6K
Previous close	$181.71
Price vs 150-day SMA	6.87%
Price vs 20-day SMA	2.84%
Price vs 200-day SMA	4.24%
Price vs 50-day SMA	2.97%
Relative volume	1
RSI	58.03
Sharpe ratio	0.02
Sharpe ratio (3Y)	0.09
Sharpe ratio (5Y)	-0.11
Sortino ratio	0.29
Sortino ratio (3Y)	0.41
Sortino ratio (5Y)	0.08
Volume	603.3K
Weekly RSI	56.79
YTD price change	-1.4%
YTD total return	0.3%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	75.2M
Float percentage	99.25%
Shares change (QoQ)	-0.78%
Shares change (YoY)	-3.08%
Shares held by insiders	0.65%
Shares held by institutions	101.43%
Shares outstanding	75.8M
Short % of float	2.6%
Short % of shares	2.59%
Short ratio	1.7 days

Deeper analysis on AVY

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this AVY report

What is the latest published AVY stock rating?

Avery Dennison Corporation is shown with Hold in the latest published report, analyzed 2026-10-14. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full AVY analysis?

The full latest published report, analyzed 2026-10-14, lives at /stocks/AVY/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for AVY?

The latest published report analyzed 2026-10-14 gives AVY a fair value of USD 161 and a potential value of USD 204. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the AVY page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-14). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldAVY · Fair value $161-5.6%

Read full analysis →

Avery Dennison Corporation (AVY)

Our latest published analysis: AVY rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · AVY

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All AVY indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on AVY

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	4.5
Management	8.5
Balance Sheet	3.5
Profitability	7.0
Revenue Growth	6.0
Risk Assessment	6.0
Competitive Moat	6.8
Earnings Quality	8.0
Capital Efficiency	7.5