“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 ↗
Avery Dennison Corporation
AVY
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.
- 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.
Research brief
The story so far
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.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- 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
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Credit and interest rates has repeated favorable evidence across 5 filings.
- 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.
- EV/sales is 65% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
169.43Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.