Stocks · Consumer Cyclical · Packaging & Containers
Avery Dennison Corporation AVY
$169.87 -1.02% Close, Oct 2, 2026 · NYSE · Market cap $12.99B
Low risk
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 18.6× trailing earnings, lower than 90% of the company's own readings over the past five years.
- Earnings beat analyst estimates in each of the last 5 quarters (average surprise over the last four: +5.6%).
- Revenue over the last four quarters was $9.25B, up 5.8% from a year earlier, accelerating from 2.9% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth72Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 42%
- EPS growth (TTM, YoY)Top 50%
- FCF growth (TTM, YoY)Top 25%
- Revenue growth, 3-year CAGRBottom 37%
- Revenue growth accelerationTop 16%
Quality67Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 23%
- Gross marginBottom 38%
- Operating marginTop 27%
- Cash conversion (OCF / net income)Bottom 49%
- Accruals (lower is better)Top 50%
- Net debt / EBITDA (lower is better)Top 47%
- Interest coverTop 34%
Value67Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 40%
- Free-cash-flow yieldTop 34%
- EBITDA / enterprise valueTop 47%
- Sales / enterprise valueBottom 37%
- P/E vs own 5-year history (lower is better)Top 19%
Momentum61Neutral
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 39%
- 6-month returnBottom 48%
- 1-year return vs S&P 500Top 36%
- Distance from 52-week highTop 22%
- Trend checklist (0–4)Bottom 47%
Revisions64Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 42%
- Consecutive EPS beatsTop 23%
- Share of analysts rating BuyTop 17%
- Upside to consensus price targetBottom 26%
Stability93Exceptional
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 9%
- Maximum drawdown, 3 yearsTop 13%
- Beta vs S&P 500 (lower is better)Top 12%
- Net debt / EBITDA (lower is better)Top 47%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 2.9% | 5.8% | ↑ |
| EPS growth (YoY) | 2.2% | 2.5% | ↑ |
| Gross margin | 28.6% | 29.0% | ↑ |
| Operating margin | 12.6% | 12.4% | ↓ |
| FCF margin | 7.3% | 11.5% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 5.8% | 2.9% | ↑ | Top 42% |
| EPS growth (TTM, YoY) | 2.5% | 2.2% | ↑ | Top 50% |
| Gross margin | 29.0% | 28.6% | ↑ | Bottom 38% |
| Operating margin | 12.4% | 12.6% | ↓ | Top 27% |
| Net margin | 7.6% | 8.1% | ↓ | — |
| Free-cash-flow margin | 11.5% | 7.3% | ↑ | — |
| Return on invested capital | 12.5% | — | Top 23% | |
| Revenue growth, 3-year CAGR | -0.7% | — | Bottom 37% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.75×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +4.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.53×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 8.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.26%
- Net buyback yield (TTM)
- 3.16%
- Shareholder yield
- 5.42%
- Share count change, 1 year
- -2.0%
- Share count change, 3-year CAGR
- -1.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +5.6%
- Average 2-day reaction, last 8
- +1.2%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $196.40
- Target vs current price
- +15.6%
- Analysts with a rating
- 18
- Share rating Buy or Strong Buy
- 72%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +17.0% | +4.6% | +5.0% | +9.1% | — |
| Apr 28, 2026 | +1.6% | +0.9% | -2.7% | -3.1% | -5.9% |
| Feb 4, 2026 | +2.1% | +3.4% | +2.1% | +0.2% | -12.3% |
| Oct 22, 2025 | +1.7% | +9.5% | +9.6% | +3.2% | +15.4% |
| Jul 22, 2025 | +1.3% | +1.5% | -2.6% | -3.8% | -10.5% |
| Apr 23, 2025 | -0.9% | -2.6% | -1.8% | +5.2% | +2.2% |
| Jan 30, 2025 | -0.4% | -5.4% | -4.3% | -3.8% | -11.5% |
| Oct 23, 2024 | +0.0% | -2.2% | -2.9% | -7.2% | -9.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $2.89 | $2.47 | +17.0% | $2.46B |
| Apr 28, 2026 | $2.47 | $2.43 | +1.6% | $2.30B |
| Feb 4, 2026 | $2.45 | $2.40 | +2.1% | $2.27B |
| Oct 22, 2025 | $2.37 | $2.33 | +1.7% | $2.22B |
| Jul 22, 2025 | $2.42 | $2.39 | +1.3% | $2.22B |
| Apr 23, 2025 | $2.30 | $2.32 | -0.9% | $2.15B |
| Jan 30, 2025 | $2.38 | $2.39 | -0.4% | $2.19B |
| Oct 23, 2024 | $2.33 | $2.33 | +0.0% | $2.18B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 18.6× | 20.9× | 10th | Top 40% |
| P/E (forward) | 16.7× | — | — | — |
| EV / EBITDA | 12.1× | — | — | Top 47% |
| EV / Sales | 1.78× | — | — | Bottom 37% |
| Free-cash-flow yield | 8.18% | — | — | Top 34% |
| Earnings yield | 5.37% | — | — | Top 40% |
P/E over the past five years
Range 17.1× – 34.0× since Jul 3, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +4.5%
- Earnings per share growth (TTM)
- +2.5%
- Change in P/E multiple
- -1.8%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +2.3%
- 200-day average slope (20 days)
- -0.2%
- Distance from 50-day average
- -2.3%
- Distance from 200-day average
- -1.7%
- RSI (14)
- 45.6
- Relative volume
- 0.74×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 25.5%
- Volatility vs own 5-year history
- 59th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.57
- Correlation with S&P 500
- 0.40
- Current drawdown from 1-year high
- -14.0%
- Maximum drawdown, 3 years
- -33.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 24, 2024 | Jun 8, 2026 | -33.3% | 490 days | Not yet recovered |
| Sep 2, 2021 | Jun 16, 2022 | -32.6% | 198 days | 476 days (May 9, 2024) |
| Jun 1, 2021 | Jul 19, 2021 | -10.7% | 33 days | 27 days (Aug 25, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $12.99B
- P/E (TTM)
- 18.6
- EPS, diluted (TTM)
- $9.13
- Revenue (TTM)
- $9.25B
- Dividend yield
- 2.28%
- 52-week range
- $152.42 – $199.54
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $8.41B | $9.04B | $8.36B | $8.76B | $8.86B |
| Gross profit | $2.31B | $2.40B | $2.27B | $2.53B | $2.55B |
| Operating income | $1.04B | $1.07B | $954.9M | $1.13B | $1.10B |
| Net income | $740.1M | $757.1M | $503.0M | $704.9M | $688.0M |
| EPS (diluted) | $8.83 | $9.21 | $6.20 | $8.73 | $8.78 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.18B | $2.19B | $2.15B | $2.22B | $2.22B | $2.27B | $2.30B | $2.46B |
| Net income | $181.7M | $174.0M | $166.3M | $189.0M | $166.3M | $166.4M | $168.1M | $204.1M |
| EPS (diluted) | $2.25 | $2.16 | $2.09 | $2.41 | $2.13 | $2.15 | $2.18 | $2.67 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.05B | $961.0M | $826.0M | $938.8M | $881.4M |
| Capital expenditure | -$272.1M | -$298.5M | -$285.1M | -$208.8M | -$169.0M |
| Free cash flow | $774.7M | $662.5M | $540.9M | $730.0M | $712.4M |
| Dividends paid | -$220.6M | -$238.9M | -$256.7M | -$277.5M | -$288.4M |
| Net share buybacks | -$180.9M | -$379.5M | -$137.5M | -$255.9M | -$572.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $227.3M
- Total assets
- $9.21B
- Total liabilities
- $6.89B
- Total debt
- $3.68B
- Net debt
- $3.45B
- Shareholders’ equity
- $2.32B
As of Jun 30, 2026 (filed Aug 4, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 2, 2026 | $1.00 | Sep 16, 2026 |
| Jun 3, 2026 | $1.00 | Jun 17, 2026 |
| Mar 4, 2026 | $0.94 | Mar 18, 2026 |
| Dec 3, 2025 | $0.94 | Dec 17, 2025 |
| Sep 3, 2025 | $0.94 | Sep 17, 2025 |
| Jun 4, 2025 | $0.94 | Jun 18, 2025 |
| Mar 5, 2025 | $0.88 | Mar 19, 2025 |
| Dec 4, 2024 | $0.88 | Dec 18, 2024 |
Short interest
- Shares sold short
- 2,122,019
- Days to cover
- 2.58
- Change vs previous report
- -20.2%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Dec 23, 1996
- 2-for-1
- Mar 17, 1987
- 2-for-1
- Dec 29, 1983
- 2-for-1