TORVANTA
Materials · S&P 500 · data as of 2026-10-05

AVY stock analysis: Avery Dennison

Avery Dennison (AVY) is an S&P 500 company in Paper & Plastic Packaging Products & Materials.

The model's view of AVY · subscribers

Where AVY ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with AVY · updated 2026-10-05 · from prices and SEC filings

AVY price performance

AVY against the S&P 500, one year
+0%+10%+20%S&P 500 +18%AVY +8%2025-09-292026-10-05
Year to date-4.9%S&P 500 +14.5% · behind by 19.4 pts
1 year+6.4%S&P 500 +17.0% · behind by 10.7 pts
3 years-1.4%S&P 500 +89.3% · behind by 90.7 pts
5 years-11.7%S&P 500 +91.3% · behind by 103.0 pts

Total returns with dividends reinvested.

AVY factor grades

Each grade compares AVY with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B-ValueP/E 18.6x (industry 25.8x)FCF yield 8.3% (industry 4.6%)
C+GrowthRevenue growth +6% (industry +10%)EPS growth +2% (industry +19%)
B+Profitability
BMomentum12-month change +6%From 52-wk high -12%

AVY in plain numbers

AVY key statistics

SectorMaterials
IndustryPaper & Plastic Packaging Products & Materials
IndexS&P 500
Market value$12.9B
Revenue growth (y/y)+6%
Free-cash-flow yield8.3%
Dividend yield2.3%
Next earnings (expected)2026-10-21
Valuation measures
Market value$12.9B
Enterprise value$13.2B
P/E (trailing)18.6x
Forward P/E (Torvanta estimate)18.0x
PEG (Torvanta estimate)4.91
Price / sales1.4x
Price / book5.5x
EV / revenue1.4x
Financial highlights
Revenue, last 12 months$9.2B
Net income, last 12 months$704.9M
EPS, last 12 months (GAAP)$9.13
Gross margin29.0%
Net margin7.6%
Return on equity31.2%
Cash$227.3M
Total debt$500.5M
Debt / equity0.22x
Free cash flow, last 12 months$1.1B
Current ratio1.13x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

AVY earnings trends

Revenue vs earnings
$0$615.7M$1.2B$1.8B$2.5BSep 2024 Revenue: $2.2BDec 2024 Revenue: $2.2BMar 2025 Revenue: $2.1BJun 2025 Revenue: $2.2BSep 2025 Revenue: $2.2BDec 2025 Revenue: $2.3BMar 2026 Revenue: $2.3BJun 2026 Revenue: $2.5BSep 2024 Net income: $181.7MDec 2024 Net income: $174.0MMar 2025 Net income: $166.3MJun 2025 Net income: $189.0MSep 2025 Net income: $166.3MDec 2025 Net income: $166.4MMar 2026 Net income: $168.1MJun 2026 Net income: $204.1MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 8.3%Net margin: 8.0%Net margin: 7.7%Net margin: 8.5%Net margin: 7.5%Net margin: 7.3%Net margin: 7.3%Net margin: 8.3%0%4%9%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.7$1.3$2.0$2.7Sep 2024 EPS (GAAP, diluted): $2.3Dec 2024 EPS (GAAP, diluted): $2.2Mar 2025 EPS (GAAP, diluted): $2.1Jun 2025 EPS (GAAP, diluted): $2.4Sep 2025 EPS (GAAP, diluted): $2.1Dec 2025 EPS (GAAP, diluted): $2.2Mar 2026 EPS (GAAP, diluted): $2.2Jun 2026 EPS (GAAP, diluted): $2.7Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -5% · Dec 2025 -1% · Mar 2026 +4% · Jun 2026 +11%

From the company's 10-Q and 10-K filings with the SEC.

Avery Dennison financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$8.4B$9.0B$8.4B$8.8B$8.9B
Net income$740.1M$757.1M$503.0M$704.9M$688.0M
EPS (GAAP)$8.84$9.21$6.21$8.73$8.78
Free cash flow$791.8M$682.9M$560.7M$730.0M$712.4M

AVY earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$2.67+11%+11%-0.9%
2026-04-28$2.18+4%+7%-0.7%
2026-02-04$2.15-1%+4%+5.0%
2025-10-22$2.13-5%+1%+13.8%
2025-07-22$2.41+11%-1%-0.5%
2025-04-23$2.09-2%-0%-4.4%

About Avery Dennison

HeadquartersMentor, OH
Industry (SEC code)Converted Paper & Paperboard Prods (No Contaners/Boxes)
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
FormerlyAVERY DENNISON CORPORATION

From the company's SEC registration record.

Companies similar to AVY

CompanyMarket valueP/ERevenue growthOperating margin12-month change
AVY Avery Dennison$12.9B18.6x+6%n/a+6%
IP International Paper$17.0Bn/a+14%n/a-29%compare
AMCR Amcor$19.3B21.7x+57%8.1%+8%compare
PKG Packaging Corp$20.4B29.8x+10%10.9%+10%compare
SW Smurfit Westrock$22.2B44.6x+2%4.7%+5%

All Materials stock ratings

Frequently asked questions

Is AVY stock a buy?

Torvanta does not tell individuals what to buy. Its grades for AVY are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is AVY's P/E ratio?

AVY trades at about 18.6 times its last 12 months of GAAP earnings reported to the SEC, and about 18.0 times Torvanta's own estimate of the next 12 months.

When does AVY report earnings next?

Based on its filing history, Torvanta expects Avery Dennison to report around 2026-10-21.

Does AVY pay a dividend?

Yes. Its dividend yield is about 2.3%, and it has raised its dividend 15 years in a row.

How has AVY performed against the S&P 500?

Over the past year AVY returned +6.4%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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