Question 1

What is Avery Dennison's P/FCF ratio?

Accepted Answer

Avery Dennison (AVY) P/FCF ratio is 13.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Avery Dennison?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Avery Dennison specifically, the relevant sector benchmark is the current sector median of 17.1×.

Question 5

Is Avery Dennison's P/FCF ratio high or low?

Accepted Answer

Avery Dennison's P/FCF ratio of 13.9× is below its own 5-year average of 23.3× and below the sector median of 17.1×. That places the current reading at the 1th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Avery Dennison's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Avery Dennison (AVY) P/FCF ratio has ranged from a low of 6.4× in 2012 to a high of 61.6× in 2014. The 5-year average is 23.3× and the 5-year median is 22.5×.

Question 7

What was Avery Dennison's P/FCF ratio in 2025?

Accepted Answer

Avery Dennison (AVY) P/FCF ratio at the end of 2025 was 19.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Avery Dennison's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$14.1B	$712M	19.8×	-1.2×	Dec 31, 2025
2024	$15B	$717M	21.0×	-9.1×	Dec 28, 2024
2023	$16.3B	$541M	30.1×	+8.1×	Dec 30, 2023
2022	$14.6B	$667M	21.9×	-2.3×	Dec 31, 2022
2021	$12.9B	$533M	24.2×	—	Jan 2, 2021
2019	$11B	$489M	22.4×	-15.0×	Dec 28, 2019
2018	$7.53B	$201M	37.4×	+13.5×	Dec 29, 2018
2017	$10.1B	$424M	23.8×	+7.5×	Dec 30, 2017
2016	$6.2B	$379M	16.4×	-7.1×	Dec 31, 2016
2015	$4.68B	$199M	23.5×	—	Jan 3, 2015
2013	$4.86B	$139M	35.0×	+25.4×	Dec 28, 2013
2012	$3.44B	$359M	9.6×	-0.9×	Dec 29, 2012
2011	$3.06B	$292M	10.5×	+2.2×	Dec 31, 2011
2010	$3.85B	$466M	8.3×	—	Jan 2, 2010
2008	$3.09B	$348M	8.9×	-12.6×	Dec 27, 2008
2007	$5.26B	$245M	21.5×	+0.4×	Dec 29, 2007
2006	$6.66B	$316M	21.1×	-0.7×	Dec 30, 2006
2005	$5.52B	$253M	21.8×	—	Dec 31, 2005
2003	$5.45B	$134M	40.9×	+25.1×	Dec 27, 2003
2002	$5.86B	$371M	15.8×	—	Dec 28, 2002


Tapestry (TPR)	16.0×
DraftKings (DKNG)	15.5×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
D.R. Horton (DHI)	14.2×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Carnival Corporation (CCL)	11.9×
Lululemon Athletica (LULU)	11.6×
Toll Brothers (TOL)	11.1×
Hasbro (HAS)	9.8×
PDD Holdings (PDD)	9.5×
LKQ (LKQ)	9.3×
KB Home (KBH)	8.8×
Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Etsy (ETSY)	7.2×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
Expedia Group (EXPE)	6.0×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	4.8×
General Motors (GM)	4.3×

P/FCF Ratio for Avery Dennison (AVY) 2002-2026

P/FCF Ratio daily chart for Avery Dennison (AVY)

Historical P/FCF Ratio for Avery Dennison (AVY) from 2002 to 2025

About P/FCF Ratio at Avery Dennison (AVY)

Avery Dennison P/FCF Ratio by Year

Avery Dennison P/FCF Ratio 2025: 19.8×

Avery Dennison P/FCF Ratio 2024: 21.0×

Avery Dennison P/FCF Ratio 2023: 30.1×

Avery Dennison P/FCF Ratio 2022: 21.9×

Avery Dennison P/FCF Ratio 2021: 24.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Avery Dennison (AVY) Key Financials