Tearsheet

Avery Dennison (AVY)


Market Price (4/7/2026): $169.41 | Market Cap: $13.0 Bil
Sector: Materials | Industry: Paper & Plastic Packaging Products & Materials

Avery Dennison (AVY)


Market Price (4/7/2026): $169.41
Market Cap: $13.0 Bil
Sector: Materials
Industry: Paper & Plastic Packaging Products & Materials

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, Dividend Yield is 2.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%, FCF Yield is 5.2%

Low stock price volatility
Vol 12M is 25%

Megatrend and thematic drivers
Megatrends include Circular Economy & Recycling, E-commerce & DTC Adoption, and Automation & Robotics. Themes include Sustainable Packaging Materials, Show more.

Weak multi-year price returns
2Y Excs Rtn is -47%, 3Y Excs Rtn is -61%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5%

Key risks
AVY key risks include [1] high dependency on volatile raw material costs and [2] underwhelming organic revenue growth in its core materials business due to competitive and deflationary pressures.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, Dividend Yield is 2.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%, FCF Yield is 5.2%
1 Low stock price volatility
Vol 12M is 25%
2 Megatrend and thematic drivers
Megatrends include Circular Economy & Recycling, E-commerce & DTC Adoption, and Automation & Robotics. Themes include Sustainable Packaging Materials, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -47%, 3Y Excs Rtn is -61%
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5%
5 Key risks
AVY key risks include [1] high dependency on volatile raw material costs and [2] underwhelming organic revenue growth in its core materials business due to competitive and deflationary pressures.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Avery Dennison (AVY) stock has lost about 5% since 12/31/2025 because of the following key factors:

1. Avery Dennison's Q4 2025 revenue missed analyst expectations, and Q1 2026 sales guidance was modest.

Despite beating earnings per share (EPS) estimates with $2.45 against a $2.39 (or $2.40) forecast, Avery Dennison's reported revenue of $2.27 billion for Q4 2025 fell short of the anticipated $2.29 billion. Furthermore, the company projected a modest organic sales growth of 0-2% for Q1 2026, with management attributing this to ongoing market volatility and a lack of macroeconomic tailwinds, signaling potential top-line headwinds.

2. Broader macroeconomic pressures, including stagflation fears and industrial sector weakness, impacted the stock.

A significant factor in the stock's decline was a wider market downturn affecting industrial sector stocks. Surging oil prices, concerns about stagflation linked to global conflicts, and a hawkish Federal Reserve, which indicated only one rate cut in 2026, contributed to worries about manufacturing margins and overall capital spending.

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Stock Movement Drivers

Fundamental Drivers

The -6.4% change in AVY stock from 12/31/2025 to 4/6/2026 was primarily driven by a -6.6% change in the company's P/E Multiple.
(LTM values as of)123120254062026Change
Stock Price ($)180.98169.35-6.4%
Change Contribution By: 
Total Revenues ($ Mil)8,7708,8561.0%
Net Income Margin (%)7.9%7.8%-2.0%
P/E Multiple20.318.9-6.6%
Shares Outstanding (Mil)78771.3%
Cumulative Contribution-6.4%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/6/2026
ReturnCorrelation
AVY-6.4% 
Market (SPY)-5.4%36.0%
Sector (XLB)10.7%64.8%

Fundamental Drivers

The 5.5% change in AVY stock from 9/30/2025 to 4/6/2026 was primarily driven by a 7.2% change in the company's P/E Multiple.
(LTM values as of)93020254062026Change
Stock Price ($)160.49169.355.5%
Change Contribution By: 
Total Revenues ($ Mil)8,7388,8561.3%
Net Income Margin (%)8.1%7.8%-4.5%
P/E Multiple17.718.97.2%
Shares Outstanding (Mil)78771.7%
Cumulative Contribution5.5%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/6/2026
ReturnCorrelation
AVY5.5% 
Market (SPY)-2.9%19.9%
Sector (XLB)12.7%51.1%

Fundamental Drivers

The -2.8% change in AVY stock from 3/31/2025 to 4/6/2026 was primarily driven by a -4.4% change in the company's P/E Multiple.
(LTM values as of)33120254062026Change
Stock Price ($)174.23169.35-2.8%
Change Contribution By: 
Total Revenues ($ Mil)8,7568,8561.1%
Net Income Margin (%)8.1%7.8%-3.5%
P/E Multiple19.818.9-4.4%
Shares Outstanding (Mil)80774.2%
Cumulative Contribution-2.8%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/6/2026
ReturnCorrelation
AVY-2.8% 
Market (SPY)16.3%45.9%
Sector (XLB)18.6%67.1%

Fundamental Drivers

The 0.0% change in AVY stock from 3/31/2023 to 4/6/2026 was primarily driven by a 5.3% change in the company's Shares Outstanding (Mil).
(LTM values as of)33120234062026Change
Stock Price ($)169.29169.350.0%
Change Contribution By: 
Total Revenues ($ Mil)9,0398,856-2.0%
Net Income Margin (%)8.4%7.8%-7.2%
P/E Multiple18.118.94.5%
Shares Outstanding (Mil)81775.3%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/6/2026
ReturnCorrelation
AVY0.0% 
Market (SPY)63.3%46.8%
Sector (XLB)31.5%65.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AVY Return41%-15%14%-6%-1%-5%21%
Peers Return34%-29%1%24%-4%-6%7%
S&P 500 Return27%-19%24%23%16%-4%75%

Monthly Win Rates [3]
AVY Win Rate67%33%50%33%42%50% 
Peers Win Rate67%43%45%55%43%40% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
AVY Max Drawdown-4%-29%-12%-6%-15%-11% 
Peers Max Drawdown-5%-39%-23%-14%-27%-12% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MMM, ZBRA, SEE, IP, FUL. See AVY Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/6/2026 (YTD)

How Low Can It Go

Unique KeyEventAVYS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-32.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven48.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven693 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-43.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven77.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven212 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-31.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven46.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven303 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-75.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven303.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2,559 days1,480 days

Compare to MMM, ZBRA, SEE, IP, FUL

In The Past

Avery Dennison's stock fell -32.6% during the 2022 Inflation Shock from a high on 9/2/2021. A -32.6% loss requires a 48.3% gain to breakeven.

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About Avery Dennison (AVY)

Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers. The company's Retail Branding and Information Solutions segment designs, manufactures, and sells brand embellishments, graphic tickets, tags and labels, and sustainable packaging solutions, as well as offers creative services; radio-frequency identification products; visibility and loss prevention solutions; price ticketing and marking solutions; care, content, and country of origin compliance solutions; and brand protection and security solutions. It serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The company's Industrial and Healthcare Materials segment offers tapes; pressure-sensitive adhesive based materials and converted products; medical fasteners; and performance polymers under the Fasson, Avery Dennison, and Yongle brands. It serves automotive, electronics, building and construction, general industrial, personal care, and medical markets. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.

AI Analysis | Feedback

  • A B2B version of 3M, specializing in labels, adhesive materials, and branding solutions.
  • Like 3M, but focused on providing the labels, tags, and industrial adhesive products for other businesses.

AI Analysis | Feedback

  • Pressure-Sensitive Label and Packaging Materials: Materials used for labels and packaging across various industries like food, beverage, and pharmaceuticals.
  • Graphics and Reflective Products: Films and products for architectural, commercial signage, digital printing, automotive, and traffic safety applications.
  • Brand Embellishments, Tags, and Labels: Products like graphic tickets, tags, and labels used for retail branding and information.
  • Sustainable Packaging Solutions: Environmentally friendly packaging options for retailers and brand owners.
  • Radio-Frequency Identification (RFID) Products: RFID tags and systems for inventory management, visibility, and tracking.
  • Retail Information Solutions: Products and systems for price ticketing, marking, visibility, loss prevention, and compliance solutions for retailers.
  • Creative Services: Design and development services related to branding and packaging solutions.
  • Industrial Tapes and Adhesives: Tapes and pressure-sensitive adhesive-based materials used in automotive, electronics, building, and general industrial applications.
  • Healthcare Materials and Fasteners: Adhesive materials, converted products, and medical fasteners for the healthcare market.
  • Performance Polymers: Specialized polymers used in various industrial and healthcare applications.

AI Analysis | Feedback

Avery Dennison (AVY) primarily sells its products and solutions to other businesses (B2B) rather than directly to individual consumers. The company's customer base spans a wide array of industries globally.

Based on the provided background, specific names of major customer companies are not disclosed. However, Avery Dennison serves diverse market segments and types of businesses, which can be categorized as:

  • Brand Owners and Product Manufacturers: This includes companies in the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, food, and apparel market segments. These customers utilize Avery Dennison's pressure-sensitive labels, packaging materials, brand embellishments, tags, and RFID solutions for their products.
  • Retailers and Distributors: These businesses leverage Avery Dennison's retail branding and information solutions, including price ticketing, inventory management (RFID), visibility, loss prevention, and brand protection for their goods.
  • Industrial, Healthcare, and Graphic Arts Businesses: This category encompasses companies in automotive, electronics, building and construction, general industrial, and medical markets that use tapes, adhesive materials, medical fasteners, and performance polymers. It also includes architectural firms, commercial sign manufacturers, digital printers, sign shops, and designers who use graphics and reflective products, as well as businesses in construction, automotive, and fleet transportation for durable films and traffic safety applications.

AI Analysis | Feedback

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AI Analysis | Feedback

Deon Stander, President and Chief Executive Officer

Deon Stander was appointed President and Chief Executive Officer of Avery Dennison in September 2023, following his role as Chief Operating Officer since March 2022. He joined Avery Dennison in 2007 through the acquisition of Paxar Corporation, where he had worked since 2003. Throughout his career at Avery Dennison, he has held various leadership positions across Asia, Europe, and North America, including leading the Solutions business. Prior to joining Avery Dennison, Mr. Stander worked in the consumer products industry with Bass PLC and in the telecommunications industry as commercial director for Caudwell Communications, a privately held company. He holds an MBA from Lancaster University, UK, and a Bachelor of Commerce from the University of Port Elizabeth, South Africa.

Greg Lovins, Senior Vice President and Chief Financial Officer

Greg Lovins has served as Senior Vice President and Chief Financial Officer of Avery Dennison since July 2017. He joined the company in 1994 and has held increasingly responsible leadership roles, including vice president and treasurer, and vice president, global finance, for the Label and Graphic Materials segment. In his current role, he is responsible for the company's overall financial strategy and leads the finance function. Mr. Lovins earned an MBA from the Weatherhead School of Management at Case Western Reserve University and a bachelor's degree in finance from Miami University. He recently resumed his role as CFO effective April 1, 2025, after a medical leave.

Deena Baker-Nel, Senior Vice President and Chief Human Resources Officer

Deena Baker-Nel is the Senior Vice President and Chief Human Resources Officer at Avery Dennison.

Danny Allouche, Senior Vice President and Chief Strategy & Corporate Development Officer

Danny Allouche serves as the Senior Vice President and Chief Strategy & Corporate Development Officer for Avery Dennison. He also served as interim Chief Financial Officer during Greg Lovins' medical leave.

Ignacio Walker, Senior Vice President and Chief Legal Officer

Ignacio Walker holds the position of Senior Vice President and Chief Legal Officer at Avery Dennison.

AI Analysis | Feedback

The key risks to Avery Dennison's business include global economic and geopolitical instability, the cost and availability of raw materials, and intense competitive pressures.

  1. Global Economic Conditions, Geopolitical Uncertainty, and Regulatory Changes: Avery Dennison's financial performance is significantly influenced by global economic conditions, geopolitical events, and shifts in environmental standards and governmental regulations. Given that approximately 69% of its net sales originate from international operations, the company is particularly exposed to risks such as tariffs, trade relations (including those related to China, the Russia-Ukraine war, and the Israel-Hamas conflict), and broader economic downturns that can impact demand for its products.

  2. Cost and Availability of Raw Materials and Energy: The company faces substantial risk from the volatility in the cost and availability of raw materials and energy. Historically, shortages and inflationary increases in these costs have occurred and could recur, impacting profitability. Avery Dennison's ability to offset these higher costs through productivity improvements or by passing them on to customers via price increases, without a significant loss of sales volume, is a critical factor for its financial health.

  3. Competitive Pressures and Market Dynamics: Avery Dennison operates in highly competitive markets, where actions by rivals, including pricing strategies, market expansion, and product offerings, can affect its market share and profitability. The company must continuously adapt to technological developments, evolving customer preferences (including sustainability trends), and changes in demand for its products. There is also a risk associated with its Intelligent Labels platform, which has a significant exposure to the apparel and general retail sectors, markets that have experienced slower growth.

AI Analysis | Feedback

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AI Analysis | Feedback

Avery Dennison Corporation operates in several large addressable markets for its diverse product offerings across various regions.

Label and Graphic Materials Segment

  • Pressure-Sensitive Materials: The global pressure-sensitive adhesives market was valued at approximately USD 9.9 billion in 2025 and is projected to reach USD 17.7 billion by 2035. This market is driven by demand from e-commerce packaging, labeling, automotive, electronics, and medical applications. The global pressure sensitive tapes market size was valued at USD 73.09 billion in 2025 and is projected to surpass USD 117.19 billion by 2035.
  • Packaging Labels: The global packaging labels market was valued at approximately USD 55.6 billion in 2024 and is estimated to grow to USD 86.3 billion by 2034. North America held the largest revenue share in 2024 for packaging labels. The overall label market is expected to reach USD 47.01 billion in 2025 and USD 64.26 billion by 2031.
  • Graphics and Reflective Products: The global graphic film market was valued at USD 31.08 billion in 2025 and is expected to grow to USD 46.99 billion by 2034. The reflective material market globally was valued at USD 30.24 billion in 2024 and is projected to reach USD 51.53 billion by 2033. For the more specialized microprismatic reflective film market, the value is expected to rise from USD 340.85 million in 2026 to USD 528.20 million by 2032 globally.

Retail Branding and Information Solutions Segment

  • Radio-Frequency Identification (RFID) Products: The global RFID market size is estimated at USD 17.73 billion in 2025 and is anticipated to reach approximately USD 48.51 billion by 2034. North America held the largest market share in 2024.

Industrial and Healthcare Materials Segment

  • Pressure-Sensitive Tapes: The global pressure sensitive tapes market size was valued at USD 73.09 billion in 2025 and is projected to surpass USD 117.19 billion by 2035.
  • Medical Fasteners: The global medical fasteners market had an annual demand of USD 7.3 billion in 2025 and is expected to reach USD 9.5 billion by 2031. The medical implant fastener market alone was valued at USD 14.46 billion in 2025 and is projected to reach USD 21.82 billion by 2035 globally. North America generated the highest demand, with over 45% market share in 2024.
  • Performance Polymers (High-Performance Polymers): The global high-performance polymers market was valued at USD 37.27 billion in 2025 and is expected to increase to USD 56.97 billion by 2032. Asia Pacific dominates this market. Additionally, the global medical plastics market size was valued at USD 61.35 billion in 2025 and is projected to reach USD 99.25 billion by 2033. The global medical engineered materials market is expected to grow from USD 21.10 billion in 2023 to USD 73.34 billion by 2033.

AI Analysis | Feedback

Avery Dennison (AVY) is expected to drive future revenue growth over the next two to three years through several key strategies:

  1. Expansion of High-Value Categories (HVCs) and Intelligent Labels: Avery Dennison is strategically focused on expanding its high-value categories, which accounted for approximately 45% of total sales in 2025, up from 33% in 2019. This segment saw mid-single-digit sales growth organically in Q4 2025. A significant driver within HVCs is the Intelligent Labels business, which leverages RFID technology and has a long-term target of approximately 15%+ organic sales growth. Growth in Intelligent Labels is anticipated from increased adoption in sectors such as food, logistics, and retail, including a major rollout with Walmart in the food segment expected to ramp up in the second half of 2026.
  2. Strategic Acquisitions: Acquisitions are a stated component of Avery Dennison's strategy to accelerate growth. For instance, the company's 2026 reported sales growth guidance includes approximately 1% from the Taylor Adhesives acquisition.
  3. Innovation and New Product/Service Launches: The company's growth strategy is deeply rooted in innovation and adaptability, with ongoing investments in cutting-edge technologies. This includes accelerating innovation outcomes across the enterprise to advance its differentiation. Within its Solutions Group, platforms like Embelex and Vestcom are expected to drive growth by offering customization, digital solutions, and productivity enhancements for customers.
  4. Organic Volume Growth in Core Businesses: Despite some recent flat organic sales, Avery Dennison anticipates an improvement in organic sales and earnings in Q1 2026. The company aims to grow profitably in its base businesses through organic volume and mix growth, which is expected to contribute to earnings growth.

AI Analysis | Feedback

Share Repurchases

  • Avery Dennison authorized a new stock repurchase program of up to $750 million in April 2025.
  • The company completed share repurchases of approximately $570 million during 2025.
  • From 2016-2024, Avery Dennison returned nearly $2.8 billion to shareholders across buybacks and dividends.

Share Issuance

  • Avery Dennison's shares outstanding saw a 2.97% decline from 0.081 billion in 2024 to 0.078 billion in 2025, indicating a net reduction in shares.

Outbound Investments

  • In August 2025, Avery Dennison agreed to acquire Meridian Adhesives Group's U.S. flooring adhesives business for $390 million, aimed at expanding its specialty adhesives solutions.
  • In July 2021, the company acquired Vestcom International for $1.45 billion, enhancing its retail shelf-edge marketing and pricing solutions.
  • Avery Dennison acquired TexTrace AG in February 2022 to integrate RFID technology for textile-based labels.

Capital Expenditures

  • Capital expenditures were approximately $200 million in 2025, which included investments in RFID capacity in India.
  • The company's capital expenditures were $200.40 million in 2024, $239.80 million in 2023, $285.10 million in 2022, and $298.50 million in 2021.
  • Capital spending is strategically focused on high-growth areas such as RFID and specialty materials, supporting future capacity and productivity.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AVYMMMZBRASEEIPFULMedian
NameAvery De.3M Zebra Te.Sealed A.Internat.H.B. Ful. 
Mkt Price169.35144.50211.1242.1034.9357.96101.23
Mkt Cap13.077.210.66.218.53.211.8
Rev LTM8,85624,9485,3965,36024,8963,4567,126
Op Inc LTM1,1244,7918007896383795
FCF LTM6811,396831458-159145570
FCF 3Y Avg6402,366565413430175497
CFO LTM8812,3069176281,698312899
CFO 3Y Avg8823,6026426241,736312762

Growth & Margins

AVYMMMZBRASEEIPFULMedian
NameAvery De.3M Zebra Te.Sealed A.Internat.H.B. Ful. 
Rev Chg LTM1.1%1.5%8.3%-0.6%44.3%-2.6%1.3%
Rev Chg 3Y Avg-0.5%-9.5%-1.2%-1.7%9.2%-2.2%-1.5%
Rev Chg Q3.9%2.0%10.6%2.1%53.1%-2.3%3.0%
QoQ Delta Rev Chg LTM1.0%0.5%2.7%0.5%9.1%-0.5%0.8%
Op Mgn LTM12.7%19.2%14.8%14.7%0.0%11.1%13.7%
Op Mgn 3Y Avg12.3%-0.0%14.3%14.8%2.8%10.6%11.4%
QoQ Delta Op Mgn LTM-0.1%-1.3%-0.5%-0.4%-0.4%0.2%-0.4%
CFO/Rev LTM10.0%9.2%17.0%11.7%6.8%9.0%9.6%
CFO/Rev 3Y Avg10.2%13.9%12.4%11.5%9.3%8.9%10.9%
FCF/Rev LTM7.7%5.6%15.4%8.6%-0.6%4.2%6.6%
FCF/Rev 3Y Avg7.4%9.1%10.9%7.6%2.7%5.0%7.5%

Valuation

AVYMMMZBRASEEIPFULMedian
NameAvery De.3M Zebra Te.Sealed A.Internat.H.B. Ful. 
Mkt Cap13.077.210.66.218.53.211.8
P/S1.53.12.01.20.70.91.3
P/EBIT12.315.015.88.3-6.88.910.6
P/E18.923.825.312.2-5.219.919.4
P/CFO14.833.511.59.810.910.211.2
Total Yield7.5%5.2%4.0%9.1%-13.8%6.2%5.7%
Dividend Yield2.2%1.0%0.0%1.0%5.3%1.2%1.1%
FCF Yield 3Y Avg4.3%4.2%3.7%7.7%2.9%4.4%4.2%
D/E0.30.20.30.70.60.70.4
Net D/E0.30.10.20.60.50.60.4

Returns

AVYMMMZBRASEEIPFULMedian
NameAvery De.3M Zebra Te.Sealed A.Internat.H.B. Ful. 
1M Rtn-5.7%-5.8%-3.9%0.8%-11.6%-1.3%-4.8%
3M Rtn-5.7%-11.3%-16.4%1.9%-12.9%-2.6%-8.5%
6M Rtn5.1%-6.5%-30.1%17.4%-22.2%-1.0%-3.8%
12M Rtn1.6%16.0%-5.5%76.2%-24.1%11.6%6.6%
3Y Rtn1.2%88.4%-29.7%-3.9%11.7%-5.9%-1.3%
1M Excs Rtn-4.6%-4.3%-4.9%4.0%-12.2%-2.8%-4.5%
3M Excs Rtn-3.1%-6.7%-11.4%5.5%-8.8%-0.0%-4.9%
6M Excs Rtn6.7%-6.7%-27.1%19.2%-21.9%0.3%-3.2%
12M Excs Rtn-20.8%-17.0%-43.2%31.4%-49.7%-15.1%-18.9%
3Y Excs Rtn-60.8%21.3%-92.9%-62.4%-50.2%-76.0%-61.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Materials Group6,1765,9686,6326,206 
Solutions Group2,7952,5882,5822,202 
Intersegment sales-215-193-174  
Industrial and Healthcare Materials    626
Label and Graphic Materials    4,715
Retail Branding and Information Solutions    1,631
Total8,7568,3649,0398,4086,972


Operating Income by Segment
$ Mil20252024202320222021
Materials Group925    
Solutions Group289    
Corporate expense-92    
Total1,122    


Price Behavior

Price Behavior
Market Price$169.35 
Market Cap ($ Bil)13.0 
First Trading Date12/29/1983 
Distance from 52W High-13.8% 
   50 Days200 Days
DMA Price$181.85$174.55
DMA Trendindeterminatedown
Distance from DMA-6.9%-3.0%
 3M1YR
Volatility23.0%24.8%
Downside Capture0.290.41
Upside Capture33.7852.05
Correlation (SPY)35.0%44.8%
AVY Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta1.100.470.650.400.610.67
Up Beta1.210.030.19-0.200.650.75
Down Beta1.041.101.290.880.560.57
Up Capture32%2%26%38%42%30%
Bmk +ve Days7162765139424
Stock +ve Days7193163122384
Down Capture148%54%56%28%76%91%
Bmk -ve Days12233358110323
Stock -ve Days15233263130367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AVY
AVY-4.2%25.1%-0.22-
Sector ETF (XLB)17.2%20.9%0.6667.1%
Equity (SPY)15.3%19.0%0.6445.9%
Gold (GLD)49.6%28.0%1.444.4%
Commodities (DBC)15.5%17.7%0.7414.7%
Real Estate (VNQ)3.1%16.5%0.0154.9%
Bitcoin (BTCUSD)-19.0%44.0%-0.3517.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AVY
AVY0.2%24.5%-0.01-
Sector ETF (XLB)6.8%18.9%0.2669.5%
Equity (SPY)11.7%17.0%0.5358.8%
Gold (GLD)21.8%17.8%1.017.0%
Commodities (DBC)11.6%18.8%0.5012.6%
Real Estate (VNQ)3.4%18.8%0.0956.8%
Bitcoin (BTCUSD)3.0%56.5%0.2718.4%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AVY
AVY11.1%26.9%0.42-
Sector ETF (XLB)10.6%20.6%0.4671.3%
Equity (SPY)14.0%17.9%0.6763.4%
Gold (GLD)14.0%15.9%0.732.8%
Commodities (DBC)8.4%17.6%0.3917.7%
Real Estate (VNQ)5.1%20.7%0.2156.7%
Bitcoin (BTCUSD)65.9%66.9%1.0511.4%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity1.8 Mil
Short Interest: % Change Since 2282026-1.5%
Average Daily Volume0.7 Mil
Days-to-Cover Short Interest2.7 days
Basic Shares Quantity76.9 Mil
Short % of Basic Shares2.4%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/4/20263.4%2.1%-1.2%
10/22/20259.5%9.6%3.0%
7/22/20251.5%-2.6%-2.1%
4/23/2025-2.6%-1.8%3.0%
1/30/2025-5.4%-4.3%-2.6%
10/23/2024-2.2%-2.9%-6.9%
7/23/2024-1.6%-5.0%-5.3%
4/24/20240.5%2.8%8.5%
...
SUMMARY STATS   
# Positive101312
# Negative141112
Median Positive3.4%3.6%8.8%
Median Negative-2.4%-4.3%-3.5%
Max Positive9.5%10.9%12.8%
Max Negative-7.8%-10.7%-16.7%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/25/202610-K
09/30/202510/28/202510-Q
06/30/202507/29/202510-Q
03/31/202504/29/202510-Q
12/31/202402/26/202510-K
09/30/202410/29/202410-Q
06/30/202407/30/202410-Q
03/31/202404/30/202410-Q
12/31/202302/21/202410-K
09/30/202310/31/202310-Q
06/30/202308/01/202310-Q
03/31/202305/02/202310-Q
12/31/202202/22/202310-K
09/30/202211/01/202210-Q
06/30/202208/02/202210-Q
03/31/202205/03/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Reported EPS2.272.32.334.6% Higher NewGuidance: 2.2 for Q4 2025
Q1 2026 Adjusted EPS2.42.432.461.2% Higher NewGuidance: 2.4 for Q4 2025

Prior: Q3 2025 Earnings Reported 10/22/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Reported EPS2.152.22.25-0.9% Lower NewGuidance: 2.22 for Q3 2025
Q4 2025 Adjusted EPS2.352.42.453.4% Higher NewGuidance: 2.32 for Q3 2025

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Butier, Mitchell RExecutive ChairmanDirectSell3072025181.8512,9692,358,38755,160,150Form
2Butier, Mitchell RExecutive ChairmanDirectSell3062025186.198,0681,502,19958,892,624Form
3Walker, Ignacio JSVP and Chief Legal OfficerDirectSell2092026192.951,156223,0501,464,105Form
4Butier, Mitchell R DirectSell3092026184.5920,0003,691,78553,742,604Form
5Butier, Mitchell R DirectSell3092026179.2520,0003,585,05648,603,858Form