Avery Dennison (AVY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Avery Dennison

NYSE•Consumer Cyclical•Packaging & Containers

$171.09-1.19(-0.01%)Pre-market

Market Cap

$13.05B

P/E

18.5x

P/S

1.4x

P/B

5.6x

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the North America, Europe, the Middle East, North Africa, Asia, and Latin America. It offers pressure-sensitive label materials, which consist of papers, plastic films, and metal foils; performance tapes products, including mechanical fasteners, which are precision-extruded and injection-molded plastic devices; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, and Avery Dennison brands. The company provides graphics and reflective products that include films and other products for the architectural, commercial sign, digital printing, and other related market segments; durable cast and reflective films to the construction, automotive, and fleet transportation markets; sign shops, commercial printers, and designers for pressure-sensitive materials; reflective films for traffic and safety applications; and pressure-sensitive vinyl and specialty materials for digital imaging, screen printing, and sign cutting applications under the Avery Dennison and Mactac brand names. In addition, it offers branding solutions, which include brand embellishments, graphic tickets, tags, labels, and sustainable packaging; information solutions, such as item-level RFID, visibility and loss prevention, price ticketing and marking, productivity and media, and brand protection and security solutions; and shelf-edge productivity and media solutions under the Vestcom brand names, as well as care, content, and country of origin compliance solutions. It serves home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals, and automotive industries. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. The company was founded in 1935 and is headquartered in Mentor, Ohio.

How this company scores

GoodMetricSide Score: 66/100

Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability17/25

Growth15/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowHigh ROECash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 18.5x5y range 18.0x – 35.0x

Currently near its 20-quarter median.

P/S · 1.4x5y range 1.4x – 2.3x

Currently below its 20-quarter median.

P/B · 5.6x5y range 5.6x – 10.2x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 5.2% — watch for continued compression, which may signal competitive or cost pressure.

Price & Volume

Market Cap $13.05B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.25B
Q. Revenue: $2.46B
TTM EBITDA: $1.29B
TTM Op. Income: $948.90M
Q. Op. Income: $277.60M
TTM Net Income: $704.90M
Q. Net Income: $204.10M
EPS: $2.67
Shares Out.: $76.30M

$9.25B in TTM revenue grew 5.8% YoY, reaching $2.46B last quarter. TTM EBITDA of $1.29B and TTM operating income of $948.90M show growth is flowing through to the bottom line. TTM net income of $704.90M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 29.6%
EBITDA Margin: 14.8%
Op. Margin: 11.3%
Net Margin: 8.3%

Op. margin of 11.3% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 8.3% and gross margin of 29.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 18.5x
P/S Ratio: 1.4x
P/B Ratio: 5.6x

At 18.5x P/E, the stock trades within typical market levels. P/S of 1.4x and P/B of 5.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $9.21B
Cash: $227.30M
Long-Term Debt: $3.18B
Book Value: $2.32B
D/E Ratio: 1.4
Debt/EBITDA: 8.7

With $9.21B in assets and $3.18B in long-term debt, D/E is 1.4and book value is $2.32B — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $408.20M
TTM Free Cash Flow: $1.06B
FCF Margin: 11.5%
FCF / Net Income: 1.5

TTM FCF of $1.06B on $408.20M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.