Avery Dennison Corporation (AVY) Stock

Avery Dennison Corporation (AVY) is a Materials stock trading at $183.76 (as of 2026-08-21), with a market capitalization of $13.93B and a trailing P/E of 19.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Avery Dennison Corporation manufactures and markets pressure-sensitive materials and related products worldwide, including label and graphic materials (such as labeling and packaging materials, graphics, and reflective products) and retail branding and information solutions (including brand embellishments, tickets, tags and labels, RFID offerings, and visibility and loss-prevention solutions). It supplies customers across consumer, industrial, healthcare, packaging, and retail markets.

Understand Avery Dennison Corporation: how it makes money

Avery Dennison manufactures and markets pressure-sensitive label and packaging materials, as well as graphics and reflective products, selling these materials and solutions into multiple end markets.

The profit model is driven by portfolio mix toward higher-value categories within each group, with investors tracking high-value category share as a key structural lever.

Revenue by segment (latest quarter)
Materials$1.6B
Solutions$0.7B

Business quality (Mixed): What to watch is whether high-value mix continues to rise or hold, because recent sales declines (especially for Solutions, excluding currency) can pressure top-line momentum even if the portfolio skews higher value.

Valuation: At 18× earnings, AVY trades in line with the Business Supplies average (18×). Note: one-time items can distort reported P/E.

Bull case

  • High-value mix concentration in Solutions: Solutions Group high-value categories share of the portfolio is 60%, which supports the idea that product mix is tilted toward higher-value offerings.
  • Strong mix focus in Intelligent Label apparel: The Intelligent Label mix includes a 75% Apparel share, indicating focus in a specific higher-value sub-category within that area.

Bear case

  • Underlying Solutions demand weakness excluding currency: Solutions Group sales declined 7% versus prior year, excluding currency effects, which is a direct signal of weaker underlying momentum.
  • Materials group also declined excluding currency: Materials Group sales decline excluding currency effects is 4%, suggesting pressure is not limited to just one group.
Valuation — source: SEC EDGAR (first-party)
Price$183.76
Market Cap$13.93B
P/E Ratio19.8
EV / EBITDA10.9
Price / Book6.00
Price / Sales1.51
FCF Yield7.6%
DCF Value (model)$65.73
DCF Upside vs Price-64.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$8.86B
Net Margin7.8%
Revenue Growth (YoY)10.9%
EPS Growth (YoY)10.3%
FCF Growth (YoY)106.4%
Financial Health — source: SEC EDGAR
Altman Z-Score3.58 (safe)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E19.8
Sector P/E (Materials)25.9
Industry P/E (Business Supplies)26.0
vs Sector-23.7%
vs Industry-23.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.90B)
Institutional Holders Tracked10
Congressional Trades (recent)5
Company
SectorMaterials
IndustryBusiness Supplies
CEODeon Stander
Employees35,000
CountryUS
IPO Date1977-04-04

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

  • Packaging Corporation of America (PKG)
  • International Paper Company (IP)
  • International Flavors & Fragrances Inc. (IFF)
  • CF Industries Holdings, Inc. (CF)
  • DuPont de Nemours, Inc. (DD)
  • Albemarle Corporation (ALB)
  • Westlake Corporation (WLK)
  • Graphic Packaging Holding Company (GPK)
AVY earnings history · AVY institutional & insider holders · AVY KPIs & operating metrics · AVY financials · AVY investor presentations & press releases · AVY SEC filings · AVY peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.