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Avery Dennison CorporationNYSE:AVY Stock Report

Market Cap US$12.5b
Share Price
US$163.51
US$205
20.2% undervalued intrinsic discount
1Y-10.8%
7D1.9%
Portfolio Value
View

Avery Dennison Corporation

NYSE:AVY Stock Report

Market Cap: US$12.5b

Avery Dennison (AVY) Stock Overview

Operates as a materials science and digital identification solutions company in the North America, Europe, the Middle East, North Africa, Asia, and Latin America. More details

AVY fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance1/6
Financial Health3/6
Dividends5/6

AVY Community Fair Values

Create Narrative

See what 17 others think this stock is worth. Follow their fair value or set your own to get alerts.

Materials opportunity

Avery Dennison Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Avery Dennison
Historical stock prices
Current Share PriceUS$163.51
52 Week HighUS$199.54
52 Week LowUS$156.23
Beta0.85
1 Month Change-4.47%
3 Month Change-14.24%
1 Year Change-10.82%
3 Year Change-5.64%
5 Year Change-26.00%
Change since IPO2,496.68%

Recent News & Updates

Narrative Update Apr 24

AVY: 2026 Upside Will Hinge On Margin Execution And Buybacks

Avery Dennison's updated analyst price target has shifted from $210 to $205, reflecting a series of recent target trims across firms such as Raymond James, Truist, Citi, UBS and BofA, partly offset by more constructive coverage from Deutsche Bank and earlier target increases from BMO Capital and Citi. Analyst Commentary Recent Street research around Avery Dennison reflects a mix of optimism and caution, with several firms trimming price targets while others have raised targets or initiated coverage with a constructive stance.

Recent updates

Narrative Update Apr 24

AVY: 2026 Upside Will Hinge On Margin Execution And Buybacks

Avery Dennison's updated analyst price target has shifted from $210 to $205, reflecting a series of recent target trims across firms such as Raymond James, Truist, Citi, UBS and BofA, partly offset by more constructive coverage from Deutsche Bank and earlier target increases from BMO Capital and Citi. Analyst Commentary Recent Street research around Avery Dennison reflects a mix of optimism and caution, with several firms trimming price targets while others have raised targets or initiated coverage with a constructive stance.
Narrative Update Apr 09

AVY: 2026 Outlook Will Rely On Intelligent Labels And Margin Execution

Avery Dennison's analyst price target has edged down by about $2 to $210, as analysts balance slightly softer assumptions for growth, margins, and discount rates with a still constructive view, which is reflected in recent target revisions and a new bullish initiation. Analyst Commentary Recent research on Avery Dennison shows a mix of optimism and caution, with several firms adjusting price targets in both directions.
Narrative Update Mar 26

AVY: 2026 Outlook Will Hinge On Rising Intelligent Label Adoption

Analysts have lifted their price targets on Avery Dennison by between $8 and $24, citing updated 2026 packaging volume expectations, ongoing growth in beverage cans, disciplined containerboard supply, and improving sentiment around intelligent labels. Analyst Commentary Recent research updates cluster around higher price targets for Avery Dennison, but the tone is mixed, with analysts balancing cautious volume assumptions for 2026 against more constructive views on packaging mix and intelligent labels.
Narrative Update Mar 10

AVY: 2026 Outlook Will Rely On Growing Intelligent Label Adoption

Avery Dennison's updated analyst price target reflects a modest recalibration in valuation, with analysts citing revised 2026 packaging volume expectations, disciplined containerboard supply, and improving sentiment around intelligent labels as key drivers behind the new $211.90 fair value anchor. Analyst Commentary Recent price target moves for Avery Dennison cluster around a common theme, with analysts fine tuning their views on packaging volumes, containerboard pricing and intelligent labels as they update 2026 outlooks.
Seeking Alpha Feb 26

Avery Dennison's Performance Is Solid, But Shares Are Too Pricey For My Liking

Summary Avery Dennison remains rated 'Hold' due to fair valuation and recent profitability challenges despite ongoing revenue growth. Revenue gains in 2025 were largely driven by foreign currency, with organic growth turning negative and profitability pressured by higher costs. Management targets $50 million in 2026 cost savings and expects earnings growth, aided by restructuring and continued share buybacks. AVY's focus on high-value categories and emerging markets offers long-term potential, but current valuation is not compelling versus peers. Read the full article on Seeking Alpha
Narrative Update Feb 24

AVY: Fair 2026 Outlook Balances Intelligent Labels Promise And Packaging Volume Risks

Analysts have lifted their price targets on Avery Dennison by up to $24, reflecting updated views on 2026 packaging volumes, intelligent labels demand, and pricing power across key end markets. Analyst Commentary Recent research on Avery Dennison centers on updated 2026 assumptions for packaging volumes, intelligent labels adoption, and pricing, which is feeding directly into refreshed valuation work and higher price targets across several firms.
Narrative Update Feb 09

AVY: Higher Street Confidence Meets Cautious View On 2026 Packaging Volumes

Avery Dennison's updated analyst price target has edged higher by about US$5 to US$211.90 as analysts factor in revised fair value estimates, a slightly higher discount rate, more conservative revenue and margin assumptions, and a modestly higher future P/E that reflects recent target increases across the Street. Analyst Commentary Recent research updates cluster around higher price targets for Avery Dennison, but the tone of the commentary is mixed, with bullish analysts focusing on long term growth drivers and more cautious voices flagging near term volume and macro risks.
Narrative Update Jan 24

AVY: Intelligent Labels And Mixed Packaging Volumes Shape A Balanced Outlook

Narrative Update Analysts have lifted their blended price targets for Avery Dennison into a roughly US$188 to US$234 range, citing updated 2026 sector outlooks, expectations for steady packaging volumes, and improving sentiment around intelligent labels and broader macro conditions for the company’s core businesses. Analyst Commentary Recent Street research on Avery Dennison clusters around a higher valuation range, with price targets cited between roughly US$188 and US$234 and ratings that span from Neutral to Buy.
Narrative Update Jan 09

AVY: Intelligent Labels And Buybacks Will Support A More Constructive Outlook

Avery Dennison's fair value estimate has been lifted by about $4 to $206.80 as analysts factor in higher Street price targets and an outlook that acknowledges a challenging 2026 volume setup in packaging while also pointing to ongoing strength in beverage cans, disciplined containerboard pricing and improving sentiment around intelligent labels. Analyst Commentary Street research around Avery Dennison centers on how the company can execute through a tougher 2026 volume setup while still justifying higher valuation targets.
Analysis Article Dec 28

Is Now The Time To Look At Buying Avery Dennison Corporation (NYSE:AVY)?

Let's talk about the popular Avery Dennison Corporation ( NYSE:AVY ). The company's shares saw a double-digit share...
Narrative Update Dec 15

AVY: Recent Upgrade And Buybacks Will Support Balanced Risk Reward Profile

Analysts have modestly raised their price target on Avery Dennison to $200.00. This reflects slightly improved long term growth and profitability assumptions that support a more constructive view on the shares.
Narrative Update Nov 30

AVY: Recent Upgrade And Share Buyback Are Expected To Lift Shares

Analysts have raised their price target for Avery Dennison to $202.36 from $200, citing the company's slightly improved financial outlook and recent favorable research upgrades. Analyst Commentary Following recent research activity and an improved financial outlook, analysts offer both positive and cautious perspectives on Avery Dennison’s prospects.
Narrative Update Nov 16

AVY: Demand Momentum And Recent Buyback Will Drive Shares Higher

Analysts have raised the price target for Avery Dennison to $202.36 from $200, citing stronger expectations for future earnings and the company's recent upgrade to a Buy rating. Analyst Commentary Recent analyst reports have highlighted both the strengths and risks facing Avery Dennison as it moves into its next growth phase.
Narrative Update Nov 01

AVY: Rising Confidence In Execution Will Drive Fresh Food RFID Expansion

Analysts have raised their price target for Avery Dennison by approximately $12.70 to $202.36, citing stronger forecasts for revenue growth and recent positive upgrades in their outlook. Analyst Commentary Recent analyst updates for Avery Dennison reflect both optimism about the company's near-term prospects and caution regarding potential headwinds that may impact its growth and valuation.
Narrative Update Oct 18

RFID And Sustainable Trends Will Expand Global Labeling Markets

Analysts have slightly lowered their price target for Avery Dennison from $191.33 to $189.67. This change reflects modest adjustments in forecasted revenue growth and valuation multiples.
Narrative Update Oct 04

RFID And Sustainable Trends Will Expand Global Labeling Markets

Analysts have slightly lowered their fair value estimate for Avery Dennison from $195.25 to $191.33 per share. They attribute the adjustment to tempered sector expectations and modest changes in revenue growth and profitability assumptions.
Analysis Article Sep 07

Is Avery Dennison Corporation (NYSE:AVY) Trading At A 45% Discount?

Key Insights The projected fair value for Avery Dennison is US$307 based on 2 Stage Free Cash Flow to Equity Avery...
Analysis Article Jul 16

When Should You Buy Avery Dennison Corporation (NYSE:AVY)?

Today we're going to take a look at the well-established Avery Dennison Corporation ( NYSE:AVY ). The company's stock...
Analysis Article Jun 13

Investor Optimism Abounds Avery Dennison Corporation (NYSE:AVY) But Growth Is Lacking

With a price-to-earnings (or "P/E") ratio of 20.1x Avery Dennison Corporation ( NYSE:AVY ) may be sending bearish...
Analysis Article May 14

Avery Dennison Corporation's (NYSE:AVY) Intrinsic Value Is Potentially 77% Above Its Share Price

Key Insights The projected fair value for Avery Dennison is US$323 based on 2 Stage Free Cash Flow to Equity Avery...
Seeking Alpha Apr 17

Why I'm Maintaining My Buy Rating On Avery Dennison

Summary Avery Dennison appears to have turned a corner because destocking is fading and higher-value business categories are thriving. However, despite rising earnings in recent quarters, the share price continues to slide, as it has for the past nine months. I'm bullish on its future, and expect the share price to rise by 11.68% over the coming year. Read the full article on Seeking Alpha
Seeking Alpha Jan 03

Avery Dennison: Labeling A Better Future

Summary Avery Dennison Corporation has seen mixed performance since 2021, with inventory de-stocking impacting results, but recent growth and share buybacks improving prospects. The company’s valuation has become more reasonable, with the earnings multiple dropping from 22 to 19–20 times, and leverage ratios improving. Management expects continued growth in 2025 earnings, potentially reducing multiples to 17–18 times, enhancing appeal if formal guidance is confirmed. I am awaiting a slight further pullback for real appeal, as the current valuation and dividend yield just below 2% are not yet compelling enough. Read the full article on Seeking Alpha
Seeking Alpha Sep 26

Avery Dennison Poised For Gains As Inventory Destocking Fades

Summary Avery Dennison Corporation, a $17.6 billion leader in labeling and packaging, is poised for growth with its digital tagging solutions, making it a strong buy. Avery Dennison delivered a strong Q2 rebound with record financial performance, as retailer destocking has finally ceased. I believe the stock's potential upside of 21% based on a P/E ratio of 28.08 justifies a buy rating. Read the full article on Seeking Alpha

Shareholder Returns

AVYUS PackagingUS Market
7D1.9%2.6%2.2%
1Y-10.8%-5.4%31.1%

Return vs Industry: AVY underperformed the US Packaging industry which returned -5.4% over the past year.

Return vs Market: AVY underperformed the US Market which returned 31.1% over the past year.

Price Volatility

Is AVY's price volatile compared to industry and market?
AVY volatility
AVY Average Weekly Movement3.6%
Packaging Industry Average Movement5.6%
Market Average Movement7.3%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: AVY has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: AVY's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
193535,000Deon Standerwww.averydennison.com

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.

Avery Dennison Corporation Fundamentals Summary

How do Avery Dennison's earnings and revenue compare to its market cap?
AVY fundamental statistics
Market capUS$12.51b
Earnings (TTM)US$689.80m
Revenue (TTM)US$9.01b
18.1x
P/E Ratio
1.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AVY income statement (TTM)
RevenueUS$9.01b
Cost of RevenueUS$6.42b
Gross ProfitUS$2.59b
Other ExpensesUS$1.90b
EarningsUS$689.80m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)9.02
Gross Margin28.76%
Net Profit Margin7.66%
Debt/Equity Ratio164.8%

How did AVY perform over the long term?

See historical performance and comparison

Dividends

2.3%
Current Dividend Yield
42%
Payout Ratio

Does AVY pay a reliable dividends?

See AVY dividend history and benchmarks
When do you need to buy AVY by to receive an upcoming dividend?
Avery Dennison dividend dates
Ex Dividend DateJun 03 2026
Dividend Pay DateJun 17 2026
Days until Ex dividend22 days
Days until Dividend pay date36 days

Does AVY pay a reliable dividends?

See AVY dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 19:51
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Avery Dennison Corporation is covered by 22 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Ghansham PanjabiBaird
Michael LeitheadBarclays