# Avery Dennison Corporation (AVY) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Commercial Services & Supplies. Price $175.06, market value $13.3 billion.

## Valuation
- **P/E (trailing): 19.2×** (5-yr avg 22.7×, 3-yr avg 24.1×). Avery Dennison Corporation trades at 19.2× trailing earnings, close to its own five-year average of 22.7×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 15.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 5.7×**. The shares trade at 5.7× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 8.0%** (5-yr avg 4.6%). Free cash flow equals 8.0% of the market value, above its five-year average of 4.6%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.2%**. The inverse of the P/E: 5.2% of the price is earned each year.

## Profitability
- **Gross margin: 29.0%**. Avery Dennison Corporation keeps 29.0% of revenue after the direct cost of what it sells.
- **Net margin: 7.8%**. 7.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 30.7%**. 30.7% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 8.0%**. Each dollar of assets produces 8.0% of profit.

## Growth
- **Revenue growth (1 yr): 1.1%** (3-yr -0.7%/yr, 5-yr 4.9%/yr). Revenue grew 1.1% over the last year, against 4.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 0.7%** (3-yr -1.5%/yr, 5-yr 5.9%/yr). Earnings per share rose 0.7%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 1.4%/yr**. Free cash flow has compounded at 1.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.66**. Debt is 1.66 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.28%** ($3.82 per share, trailing). Avery Dennison Corporation yields 2.28%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 42%** (28% of free cash flow). 42% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 15**. 15 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 9.4%/yr** (1-yr 7.2%). The dividend has grown 9.4% a year over five years.

## Analyst view
- **Analyst consensus: buy** (10 analysts). 10 analysts cover Avery Dennison Corporation; the consensus is buy, with an average price target of $201.80 (+15% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 6.6%** (YTD -2.7%, 3-mo 12.8%). The shares are up 6.6% over twelve months including dividends.
- **From 52-week high: -12.3%** (14.9% above the low). Trading 12% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 0.48** (volatility 25%). Beta of 0.48 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AVY · Page: https://foliofundamentals.com/stocks/avy

Not investment advice.