--- title: Avery Dennison (AVY) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/avy ticker: AVY as_of: 2026-10-17 sector: Consumer Cyclical industry: Packaging & Containers --- # Avery Dennison (AVY) Avery Dennison (AVY) closed at $175.31 on Oct 16, 2026, overvalued by 9% vs its model value of $160.34 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $175.31 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $160.34 | | Price vs model | overvalued by 9% vs model | | Range of that model | $90.37 – $428.53 | | Market value | $13.3B | | P/E (fiscal 2025) | 19.9 | | Net margin (fiscal 2025) | 7.8% | | Free cash flow (fiscal 2025) | $712.4M | | Dividend yield (trailing twelve months) | 2.21% | | Beta | 0.80 | | Cost of capital (WACC) | 7.60% | | Business classification | Dividend Payer (Low/slowing growth (~3% recent), Moderate margins (8% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (5.4%)) | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 2.21% | | Dividends per share, last 12 months | $3.88 | | Dividends / free cash flow (fiscal 2025) | 40.5% | | Raised | 15 years in a row | | Growth over 5 years | 8.3% a year | | Latest payment | $1.00, ex-date Sep 2, 2026, paid Sep 16, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 31, 2021 | $2.60 | | To Sep 6, 2022 | $2.86 | | To Sep 5, 2023 | $3.12 | | To Sep 4, 2024 | $3.38 | | To Sep 3, 2025 | $3.64 | | Trailing twelve months (to Sep 2, 2026) | $3.88 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $160.34 | $90.37 | $428.53 | | DCF · Perpetuity growth · 10y | cross check | $171.13 | $100.95 | $435.73 | | DCF · EBITDA exit · 5y | cross check | $104.01 | $41.35 | $178.44 | | DCF · EBITDA exit · 10y | cross check | $123.44 | $63.39 | $205.28 | | P/E · peers | cross check | $135.66 | $126.32 | $166.08 | | P/E · own history | cross check | $193.16 | $183.33 | $222.89 | | PEG | sanity check | $150.18 | $150.18 | $150.18 | | EV/EBITDA · peers | cross check | $84.64 | $81.83 | $133.19 | | EV/Revenue · peers | cross check | $144.50 | $110.72 | $196.86 | | Earnings power value | cross check | $51.51 | $35.59 | $75.25 | | Dividend discount | cross check | $85.12 | $58.71 | $138.47 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 2 open-market sales ($962,209); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Sep 15, 2026 | Colisto Nicholas | SVP & CIO | Open-market sell | 3,886 | $663,264.4 | | Sep 1, 2026 | Allouche Danny Gilad | President, Materials Group | Grant / award | 351 | $0 | | Sep 1, 2026 | Allouche Danny Gilad | President, Materials Group | Grant / award | 243 | $0 | | Sep 1, 2026 | Allouche Danny Gilad | President, Materials Group | Grant / award | 2,866 | $0 | | Sep 1, 2026 | Wagner William Raymond | Director | Grant / award | 344 | $0 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Oct 13, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/8818/000000881826000157/avy-20261009.htm | | Oct 5, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/8818/000000881826000154/avy-20260930.htm | | Aug 19, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/8818/000000881826000141/avy-20260818.htm | | Aug 4, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/8818/000000881826000131/avy-20260630.htm | | Jul 30, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/8818/000000881826000127/avy-20260730.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Bridgewater | 2026-06-30 | 111,819 | $18.2M | 1 tracked managers in all. ## About Avery Dennison Corporation operates as a materials science and digital identification solutions company in the North America, Europe, the Middle East, North Africa, Asia, and Latin America. It offers pressure-sensitive label materials, which consist of papers, plastic films, and metal foils; performance tapes products, including mechanical fasteners, which are precision-extruded and injection-molded plastic devices; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, and Avery Dennison brands. The company provides graphics and reflective products that include films and other products for the architectural, commercial sign, digital printing, and other related market segments; durable cast and reflective films to the construction, automotive, and fleet transportation markets; sign shops, commercial printers, and designers for pressure-sensiti… --- Source: https://sweetvaluelab.com/stocks/avy (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.