AVY Consumer Cyclical

Avery Dennison Corporation

$185.38-0.87%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Consumer Cyclical
Industry: Packaging & Containers
Country: United States
Market cap: 14.0B USD
Enterprise value: 16.7B USD
Full-time employees: 35,000

Overall health

Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.13 vs a peer median of 1.48) and more debt relative to equity (1.58× vs a peer median of 0.46×)higher risk: less liquidity (current ratio 1.13 vs peers 1.48) and more debt vs equity (1.58× vs peers 0.46×)
About average: growth and valuation

Ranks #900 of 1,502 consumer cyclical companies (bottom 41%)

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 6.2% from December 2022 to August 2026.
Avery Dennison had 6.2% fewer shares at August 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profit is backed by cash. Free cash flow is 151% of reported profit.
Avery Dennison's free cash flow is 151% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

47/ 100

Oct 5 48 → Nov 4 47 (-1)

Valuation

Is the price right?

46/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield5.0%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.19Sector median: 0.0439 · MAD: 0.0329

EBITDA yield7.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.30Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield7.6%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.26Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield16.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

49/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.7%

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth2.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.09Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth2.9%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.22Sector median: 0.0425 · MAD: 0.0636

Revenue growth5.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.32Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

75/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin10.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.84Sector median: 0.0638 · MAD: 0.0461

Return on assets7.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.71Sector median: 0.0331 · MAD: 0.0254

Return on invested capital13.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.94Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin29.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity30.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.80

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.56Sector median: 0.6345 · MAD: 0.2980

Current ratio1.13×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.63Sector median: 1.4800 · MAD: 0.5570

Debt / equity1.58×

SEC filings · latest balance sheetReported value33% base weight · Z-score -3.15Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Avery Dennison

Is Avery Dennison getting weaker?: Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 47/100 since Oct 28, 2026.
How is Avery Dennison valued vs its peers?: Priced about in line with its peers. Valuation scores 46/100 against 1,612 consumer cyclical peers.
Is Avery Dennison growing?: At about the same pace as its peers. Growth scores 49/100 against 1,612 consumer cyclical peers.
How profitable is Avery Dennison?: More profitable than most of its peers. Profitability scores 75/100 against 1,612 consumer cyclical peers. Return on assets 7.7% vs a peer median of 3.3% (stronger than 84% of peers).Return on assets 7.7% vs peers 3.3% (stronger than 84% of peers).
How risky is Avery Dennison?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 1.58× vs a peer median of 0.46× (weaker than 83% of peers).Debt / equity 1.58× vs peers 0.46× (weaker than 83% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	9.0B USD	9.2B USD	+2.7%
Net income (12 months)	689.8M USD	704.9M USD	+2.2%
Operating margin	10.3%	10.3%	+0.0 pts
Free cash flow (12 months)	872.9M USD	1.1B USD	+21.8%
Debt	3.8B USD	3.7B USD	−3.0%
Cash	255.1M USD	227.3M USD	−10.9%
Shares outstanding	76.5M	75.8M	−0.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Packaging & Containers companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	27.5%	26.6%	27.2%	28.9%	28.8%	▼ 0.1 pts
Operating margin	11.8%	11.0%	7.9%	10.6%	10.3%	▼ 0.3 pts
Net margin	8.8%	8.4%	6.0%	8.1%	7.8%	▼ 0.3 pts
Return on assets (ROA)	9.3%	9.5%	6.1%	8.4%	7.8%	▼ 0.6 pts
Return on equity (ROE)	38.5%	37.3%	23.6%	30.5%	30.7%	▲ 0.2 pts
Free cash flow margin	9.4%	7.6%	6.7%	8.3%	8.0%	▼ 0.3 pts
Current ratio	1.07×	0.99×	1.04×	1.08×	1.13×	▲ 4.8%
Quick ratio	0.72×	0.63×	0.69×	0.73×	0.76×	▲ 3.5%
Debt to equity	1.61×	1.53×	1.52×	1.36×	1.66×	▲ 22%
Interest coverage	14.08×	11.77×	5.58×	7.92×	6.73×	▼ 15%

AVY price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.13 vs a peer median of 1.48) and more debt relative to equity (1.58× vs a peer median of 0.46×)higher risk: less liquidity (current ratio 1.13 vs peers 1.48) and more debt vs equity (1.58× vs peers 0.46×)

About average: growth and valuation

Ranks #900 of 1,502 consumer cyclical companies (bottom 41%)

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 6.2% from December 2022 to August 2026.

Avery Dennison had 6.2% fewer shares at August 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Profit is backed by cash. Free cash flow is 151% of reported profit.

Avery Dennison's free cash flow is 151% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about Avery Dennison

Is Avery Dennison getting weaker?

Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 47/100 since Oct 28, 2026.

How is Avery Dennison valued vs its peers?

Priced about in line with its peers. Valuation scores 46/100 against 1,612 consumer cyclical peers.

Is Avery Dennison growing?

At about the same pace as its peers. Growth scores 49/100 against 1,612 consumer cyclical peers.

How profitable is Avery Dennison?

More profitable than most of its peers. Profitability scores 75/100 against 1,612 consumer cyclical peers. Return on assets 7.7% vs a peer median of 3.3% (stronger than 84% of peers).Return on assets 7.7% vs peers 3.3% (stronger than 84% of peers).

How risky is Avery Dennison?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 1.58× vs a peer median of 0.46× (weaker than 83% of peers).Debt / equity 1.58× vs peers 0.46× (weaker than 83% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

9.0B USD

9.2B USD

+2.7%

Net income (12 months)

689.8M USD

704.9M USD

+2.2%

Operating margin

10.3%

10.3%

+0.0 pts

Free cash flow (12 months)

872.9M USD

1.1B USD

+21.8%

Debt

3.8B USD

3.7B USD

−3.0%

Cash

255.1M USD

227.3M USD

−10.9%

Shares outstanding

76.5M

75.8M

−0.9%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

27.5%

26.6%

27.2%

28.9%

28.8%

▼ 0.1 pts

Operating margin

11.8%

11.0%

7.9%

10.6%

10.3%

▼ 0.3 pts

Net margin

8.8%

8.4%

6.0%

8.1%

7.8%

▼ 0.3 pts

Return on assets (ROA)

9.3%

9.5%

6.1%

8.4%

7.8%

▼ 0.6 pts

Return on equity (ROE)

38.5%

37.3%

23.6%

30.5%

30.7%

▲ 0.2 pts

Free cash flow margin

9.4%

7.6%

6.7%

8.3%

8.0%

▼ 0.3 pts

Current ratio

1.07×

0.99×

1.04×

1.08×

1.13×

▲ 4.8%

Quick ratio

0.72×

0.63×

0.69×

0.73×

0.76×

▲ 3.5%

Debt to equity

1.61×

1.53×

1.52×

1.36×

1.66×

▲ 22%

Interest coverage

14.08×

11.77×

5.58×

7.92×

6.73×

▼ 15%