Avery Dennison (AVY) stock
Materials · Paper & Plastic Packaging Products & Materials
Avery Dennison (AVY) is a Paper & Plastic Packaging Products & Materials company in the Materials sector, headquartered in Mentor, Ohio. As of October 23, 2026, AVY closed at $181.83, a market capitalization of $13.78 billion, the 461st largest company in the S&P 500. The stock trades at 19.9x trailing earnings and 16.3x forward earnings.
- 1-year total return: -0.2% (dividends reinvested)
- 5-year return: -1.7% a year
- 52-week range: $152.42 – $199.54
- Dividend yield: 2.20%, 15 straight years of increases
- FI Handbook report card: B+ across 3 metrics
- 22nd largest of 24 Materials stocks in the S&P 500
AVY price chart
1Y price change: -2.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| AVY | +5.3% | +1.7% | -0.2% | +4.0% | -1.7% | +11.2% | +8.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1973.
AVY key statistics
- Market cap
- $13.8B
- #461 in S&P 500
- P/E (TTM)
- 19.9x
- Forward P/E
- 16.3x
- EPS (TTM)
- —
- Revenue (TTM)
- —
- Free cash flow
- $1.0B
- Gross margin
- —
- Operating margin
- —
- Return on equity
- —
- Dividend yield
- 2.20%
- 52-week range
- $152.42 – $199.54
- Beta
- —
- Price / sales
- —
- EV / EBITDA
- —
- Debt / equity
- —
- Employees
- —
AVY report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth——
- Gross margin——
- Operating margin——
- FCF margin——
- Return on equity——
- Net debt / EBITDA——
- Forward P/E16.3xB
- PEG ratio——
- Shareholder yield6.4%A
- Share count change / yr-1.6%B
Avery Dennison financials
Revenue went from $6.3B in fiscal 2015 to $8.9B in fiscal 2025, growing 3.4% a year.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.3B | $6.1B | $6.6B | $7.2B | $7.1B | $7.0B | $9.0B | $8.4B | $8.8B | $8.9B |
| Gross profit | $1.7B | $1.7B | $1.8B | $1.9B | $1.9B | $1.9B | $2.4B | $2.3B | $2.5B | $2.5B |
| Net income | — | $320.7M | $281.8M | $467.4M | $303.6M | $555.9M | $757.1M | $503.0M | $704.9M | $688.0M |
| EPS (diluted) | $2.56 | $3.54 | $3.13 | $5.28 | $3.57 | $6.61 | $9.21 | $6.20 | $8.73 | $8.79 |
| Free cash flow | $207.0M | $405.2M | $455.2M | $231.2M | $527.1M | $549.9M | $682.9M | $560.7M | $730.0M | $712.4M |
| Buybacks | $355.5M | $262.4M | $129.7M | $392.9M | $237.7M | $104.3M | $379.5M | $137.5M | $247.5M | $572.3M |
| Dividends paid | $125.1M | $142.5M | $155.5M | $175.0M | $189.7M | $196.8M | $238.9M | $256.7M | $277.5M | $288.4M |
| Diluted shares | 95.7M | 90.7M | 90.1M | 88.6M | 85.0M | 84.1M | 82.2M | 81.1M | 80.7M | 78.3M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into AVY?
A reverse DCF asks what growth the current price requires. With an enterprise value of $13.8B and $1.0B of trailing free cash flow, Avery Dennison needs to grow free cash flow about 0.6% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 6.2% a year over the last five years.
P/E ratio history
Current 20.7x vs. median 23.8x (10th–90th percentile 17.5x–33.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
AVY dividend
- Dividend yield
- 2.20%
- Annual dividend
- $4.00
- Years of increases
- 15
- 5-yr dividend growth
- 9.4%
- per year
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
AVY analyst price targets
11 analysts' average 12-month target is $199.50 (+10% vs. $181.83). Targets range from $181.00 to $225.00. 82% rate it a buy.
AVY earnings
Next report: October 29, 2026. Avery Dennison has beaten EPS estimates 5 quarters in a row. Last quarter's revenue was $2.5B (+11% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $2.47 | $2.89 | +17.0% |
| Apr 28, 2026 | $2.43 | $2.47 | +1.8% |
| Feb 4, 2026 | $2.39 | $2.45 | +2.6% |
| Oct 22, 2025 | $2.33 | $2.37 | +1.9% |
| Jul 22, 2025 | $2.39 | $2.42 | +1.1% |
| Apr 23, 2025 | $2.32 | $2.30 | -0.7% |
| Jan 30, 2025 | $2.41 | $2.38 | -1.3% |
| Oct 23, 2024 | $2.34 | $2.33 | -0.4% |
Stocks like AVY
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 PKG Packaging Corporation of Americ | -0.65% | +19% | $22.0B | 30.5x | Compare |
 SW Smurfit WestRock | -1.37% | +0% | $22.0B | 44.1x | Compare |
 AMCR Amcor | -0.37% | +19% | $21.3B | 19.4x | Compare |
 IP International Paper | -1.45% | -29% | $17.6B | — | Compare |
 LIN Linde | -0.30% | +15% | $234.6B | 32.8x | Compare |
 NEM Newmont | -4.59% | +24% | $113.1B | 12.6x | Compare |
 FCX Freeport-McMoRan | +0.91% | +60% | $93.6B | 32.1x | Compare |
 SHW Sherwin-Williams | -2.48% | +3% | $81.8B | 31.1x | Compare |
AVY news
- Avery Dennison (AVY) Could Be 10% Undervalued As New Dividend Tests Valuation · Oct 25, 2026
- Avery Dennison (AVY) Stock Still Looks Undervalued After A 13% Three Year Gain · Oct 25, 2026
- Analysts Estimate Avery Dennison (AVY) to Report a Decline in Earnings: What to Look Out for · Oct 22, 2026
- Avery Dennison (AVY) Could Be a Great Choice · Oct 21, 2026
- Avery Dennison (AVY): Is the Earnings Discount Justified After Customers Stop Stockpiling? · Oct 12, 2026
AVY stock FAQ
What is AVY's market cap?
Avery Dennison's market capitalization is $13.78 billion as of October 23, 2026, ranking 461st in the S&P 500.
What is AVY's P/E ratio?
AVY trades at a trailing price-to-earnings ratio of 19.9x and a forward P/E of 16.3x. Its median P/E over the period we track is 23.8x.
Does AVY pay a dividend?
Yes. Avery Dennison pays $4.00 per share a year, a 2.20% yield. It has raised its dividend 15 years in a row. Dividends grew 9.4% a year over the last five years.
How much has AVY stock returned?
Including reinvested dividends, AVY returned -0.2% over one year, -1.7% a year over five years, +11.2% a year over ten years through October 23, 2026.
Is AVY stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Avery Dennison must grow free cash flow about 1% a year for the next decade. Its free cash flow grew 6% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the AVY price target?
11 analysts cover AVY with an average 12-month price target of $199.50, +10% from the current price. 82% of them rate it a buy.
When does AVY report earnings?
Avery Dennison is expected to report earnings on October 29, 2026. It has beaten EPS estimates 5 quarters in a row.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology