Question 1

What is Avery Dennison's P/E ratio?

Accepted Answer

Avery Dennison (AVY) P/E ratio is 17.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Avery Dennison specifically, the relevant sector benchmark is the current sector median of 21.7×.

Question 5

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

Accepted Answer

Avery Dennison's P/E ratio of 17.6× is below its own 5-year average of 22.9× and below the sector median of 21.7×. That places the current reading at the 2th 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/E ratio range?

Accepted Answer

In the available daily series, Avery Dennison (AVY) P/E ratio has ranged from a low of 9.5× in 2011 to a high of 48.8× in 2019. The 5-year average is 22.9× and the 5-year median is 21.3×.

Question 7

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

Accepted Answer

Avery Dennison (AVY) P/E ratio at the end of 2025 was 20.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$688M	20.5×	-0.9×	Dec 31, 2025
2024	$15B	$705M	21.3×	-11.0×	Dec 28, 2024
2023	$16.3B	$503M	32.4×	+13.0×	Dec 30, 2023
2022	$14.6B	$757M	19.3×	-3.9×	Dec 31, 2022
2021	$12.9B	$556M	23.2×	—	Jan 2, 2021
2019	$11B	$304M	36.1×	+20.0×	Dec 28, 2019
2018	$7.53B	$467M	16.1×	-19.8×	Dec 29, 2018
2017	$10.1B	$282M	35.9×	+16.5×	Dec 30, 2017
2016	$6.2B	$321M	19.3×	+0.2×	Dec 31, 2016
2015	$4.68B	$245M	19.1×	—	Jan 3, 2015
2013	$4.86B	$206M	23.5×	+7.6×	Dec 28, 2013
2012	$3.44B	$215M	16.0×	-0.2×	Dec 29, 2012
2011	$3.06B	$190M	16.1×	—	Dec 31, 2011
2010	$3.85B	-$747M	—	—	Jan 2, 2010
2008	$3.09B	$266M	11.6×	-5.7×	Dec 27, 2008
2007	$5.26B	$304M	17.3×	-0.8×	Dec 29, 2007
2006	$6.66B	$367M	18.1×	-6.2×	Dec 30, 2006
2005	$5.52B	$226M	24.4×	—	Dec 31, 2005
2003	$5.45B	$268M	20.4×	-2.4×	Dec 27, 2003
2002	$5.86B	$257M	22.8×	—	Dec 28, 2002


Ulta Beauty (ULTA)	19.6×
Darden Restaurants (DRI)	19.1×
Williams-Sonoma (WSM)	19.1×
Expedia Group (EXPE)	18.9×
Domino's Pizza (DPZ)	17.7×
Etsy (ETSY)	16.9×
Ball (BALL)	16.8×
Royal Caribbean Cruises (RCL)	16.6×
GameStop (GME)	15.6×
D.R. Horton (DHI)	15.3×
Norwegian Cruise Line (NCLH)	15.0×
Hasbro (HAS)	15.0×
NVR (NVR)	14.8×
LKQ (LKQ)	14.5×
Mohawk Industries (MHK)	14.3×
Deckers Outdoor (DECK)	13.8×
Lennar (LEN)	13.5×
Weyco Group (WEYS)	12.8×
Carnival Corporation (CCL)	12.4×
KB Home (KBH)	11.7×
Best Buy Co. (BBY)	11.1×
PDD Holdings (PDD)	10.7×
Toll Brothers (TOL)	10.5×
Lululemon Athletica (LULU)	10.2×
Leggett & Platt (LEG)	6.1×

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

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

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

About P/E Ratio at Avery Dennison (AVY)

Avery Dennison P/E Ratio by Year

Avery Dennison P/E Ratio 2025: 20.5×

Avery Dennison P/E Ratio 2024: 21.3×

Avery Dennison P/E Ratio 2023: 32.4×

Avery Dennison P/E Ratio 2022: 19.3×

Avery Dennison P/E Ratio 2021: 23.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Avery Dennison (AVY) Key Financials