Stocktoria

Avery Dennison Corp AVY

NYSE · stock · Converted Paper & Paperboard Prods (No Contaners/Boxes) · website · IPO 1961-01-01 · LEI

Avery Dennison Corp statistics & valuation

Market cap$12.7B
P / E18.4×
P / S1.4×
P / B5.7×
P / FCF17.8×
Dividend yield2.27%
Net margin7.8%
Return on equity30.7%
FCF margin8.0%
Net debt$3.0B
Enterprise value USD$15.7B
Graham number -58.4%$75.25

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($75.25); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.30% 4.30% 6.50% 4.30% 8.00% 8.80% 8.40% 6.00% 8.10% 7.80% 2016201720182019202120222022202320242025
Gross margin (%)
27.90% 27.40% 26.80% 26.90% 27.60% 27.50% 26.60% 27.20% 28.90% 28.80% 2016201720182019202120222022202320242025
Operating margin (%)
2016201720182019202120222022202320242025
Return on equity (%)
34.70% 27.30% 48.90% 25.20% 37.40% 38.50% 37.30% 23.60% 30.50% 30.70% 2016201720182019202120222022202320242025
Shares outstanding
90.7M 90.1M 88.6M 85.0M 84.1M 83.8M 82.2M 81.1M 80.7M 78.3M 2016201720182019202120222022202320242025
Net debt ($)
$1.52B $1.22B $1.78B $2.61B $2.33B $2.40B $2.22B $3.00B 2016201720182019202120222022202320242025
Share buybacks ($)
2016201720182019202120222022202320242025
Return on assets (%)
7.30% 5.50% 9.00% 5.50% 9.10% 9.30% 9.50% 6.10% 8.40% 7.80% 2016201720182019202120222022202320242025
Free cash flow margin (%)
6.70% 6.90% 3.20% 7.50% 7.90% 9.40% 7.60% 6.70% 8.30% 8.00% 2016201720182019202120222022202320242025
Debt / equity (×)
1.83× 1.23× 1.37× 1.44× 1.23× 1.23× 1.10× 1.43× 2016201720182019202120222022202320242025
EPS ($)
$3.54 $3.13 $5.28 $3.57 $6.61 $8.83 $9.21 $6.20 $8.73 $8.79 2016201720182019202120222022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Avery Dennison Corp trades at about 20.6× earnings — near its 10-year norm (10-year range 19.8×–39.2×, median 22.8×).

19.8× 39.2×

Shaded band = 10-year range (19.8×–39.2×); dot = today's 20.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2022FY2021FY2019FY2018FY2017FY2016
Gross margin28.8%28.9%27.2%26.6%27.5%27.6%26.9%26.8%27.4%27.9%
Net margin7.8%8.1%6.0%8.4%8.8%8.0%4.3%6.5%4.3%5.3%
FCF margin8.0%8.3%6.7%7.6%9.4%7.9%7.5%3.2%6.9%6.7%
Return on assets7.8%8.4%6.1%9.5%9.3%9.1%5.5%9.0%5.5%7.3%
Return on equity30.7%30.5%23.6%37.3%38.5%37.4%25.2%48.9%27.3%34.7%
Debt / equity1.43×1.10×1.23×1.23×1.44×1.37×1.23×1.83×——
Current ratio1.131.081.040.991.071.251.041.151.130.95

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.