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Avery Dennison Corporation

AVY

Consumer Cyclical · 169.43 +0.4% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Avery Dennison Corporation's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company+0.4% todayVolume comparison unavailable
Market group0 of 26 activeCyclical Consumer Demand · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • Avery Dennison said second-quarter organic sales benefited from higher volume partly because customers stocked inventory; compare that language and volume in the next filing.
  • Organic sales growth was partly offset by unfavorable mix and raw-material-deflation-related price reductions; compare the next filing's pricing and mix language.

Invalidation: The isolated read changes if AVY's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Cyclical · Packaging & Containers

No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Avery Dennison said second-quarter organic sales benefited from higher volume partly because customers stocked inventory; compare that language and volume in the next filing.
  • Organic sales growth was partly offset by unfavorable mix and raw-material-deflation-related price reductions; compare the next filing's pricing and mix language.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements148
Verified relationships3
Evidence supporting the case
  • Credit and interest rates has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Input and raw-material costs has repeated adverse evidence across 5 filings.
  • Pricing and mix has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 65% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

169.43
6m-0.9%12m+2.9%24m-21.8%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-01-01$8.4B+20.6%$8.83-0.4%
2022-12-31$9.0B+7.5%$9.21-1.9%
2023-12-30$8.4B-7.5%$6.20-1.3%
2024-12-28$8.8B+4.7%$8.73-0.5%
2025-12-31$8.9B+1.1%$8.79-3.0%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
Capital from Debt The carrying value of our total debt decreased by approximately $55 million in the first six months of 2026 to $3.68 billion, primarily due to the revaluation of our euro-denominated debt and lower commercial paper borrowings.
10-Q · Aug 4, 2026
Input and raw-material costsmixed · 5 filings
Segment Adjusted Operating Income Segment adjusted operating income increased in the first six months of 2026 compared to the same period last year primarily due to higher volume, favorable foreign currency translation, the net benefit of pricing and raw mate…
10-Q · Aug 4, 2026
Macroeconomic conditionsmixed · 5 filings
By excluding the accounting effects, positive or negative, of certain items (e.g., restructuring charges, outcomes of certain legal matters and settlements, certain effects of strategic transactions and related costs, losses from debt extinguishments, gains o…
10-Q · Aug 4, 2026
Pricing and mixmixed · 5 filings
In the first six months of 2026, net sales increased on an organic basis compared to the same period in the prior year primarily due to higher volume, partially offset by unfavorable mix and raw material deflation-related price reductions.
10-Q · Aug 4, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.5× · EV/sales 1.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

169.43+0.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for AVY. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for AVY. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind AVY

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

NDEKFFiling-linked namecompetitorFeb 25, 2026

For performance tapes products, our competitors include 3M; Tesa-SE, a subsidiary of Beiersdorf AG; Nitto Denko Corporation; and numerous regional and specialty suppliers.

Depended on by

ZBRAZebra Technologies CorporationcompetitorFeb 12, 2026

Competitors include: Avery Dennison, Entrust, Honeywell, Sato, Toshiba TEC, and TSC.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

AVY is currently a Follower in the organic co-movement group Cyclical Consumer Demand. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.