Avery Dennison Corp · Converted Paper & Paperboard Prods

AVY

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The short version

A profitable company with growing sales.

Going well

Sales up 11% in the latest quarter vs a year ago
Profitable every year for 10 years
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days
Institutions added 3% to their holdings in the quarter ending June 2026 (369 bought, 374 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$183.44+0.9% that day

Company value: $13.9B; Share price times all shares
Price vs profit (P/E): 20.1x; You pay about $20 for each $1 of yearly profit
Price vs sales: 1.5x; Company value is 1.5 times a year of sales
Dividend yield: 2.0%; Yearly dividend as a share of today's price
Cash vs value: 2%; Cash as a share of company value
Debt vs value: 23%; Debt as a share of company value

From AVY's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$2.5B+11% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $9.2B, up 5.8% from the 12 months before. Over 5 years, sales grew about 4.9% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of AVY. Starting points are the company's recent numbers.

Sales growth+6% a yearRecently: +5.8% a yearProfit margin8%Last 12 months: 7.6%P/E at the end20xToday: 20.1x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$12.4B

Profit in 5 years$990M

Price these guesses point to$289.05+58% vs $183.44 todayAbout +9.5% a year, before dividends

What today's price needs: with a 8% margin and a 20x P/E, sales could shrink about 3.2% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/7Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.30.2%
MissDebt under half of equityNot relying on borrowed money.1.43x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.7.8%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$712.4M
PassShare count not growingNot diluting owners. Falling means buybacks.-4.7% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.28.8%

Revenue: $8.9B; +1.1% vs prior year
5-year growth: +4.9%/yr; revenue, per year
Total debt: $3.2B; 1.43x equity
Current ratio: 1.13x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.