olivLaw · US equity research
Avery Dennison Corporation AVY
Converted Paper & Paperboard Prods (No Contaners/Boxes) · SIC 2670 · Vertical: Paper and allied products (SIC 267x)
Avery Dennison is a global leader in materials science and digital identification, offering pressure-sensitive labels, films and RFID solutions for brands and supply chains. Net sales were 8855.5 million USD in fiscal 2025, and in the second quarter of 2026 sales rose 10.9%, suggesting demand has held up despite trade uncertainty.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Avery Dennison Corporation (AVY) stock was 192.59 USD (+3.89% on the day), with market capitalisation 14.5 bn USD, P/E 20.8 on diluted EPS of 9.24 USD over the last 12 months, dividend yield 2.01%, beta 0.54, 52-week range 153.01–197.45 USD. Latest reported quarter (Q3 2026): revenue of 2.3 bn USD (+5.2% YoY), net income of 169.7 m USD (+2.0% YoY), diluted EPS 2.24 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 73.9
- overbought (≥ 70)
- Bollinger (20, 2)
- 165.03 – 192.08
- above the upper band · %B 1.02 · band width 15.1%
- SMA 50 / 200
- 174.50 / 172.00
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 4.12 / 2.98
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +13.3% | −1.1% | +14.4 pp | — |
| 3 months | +9.7% | −0.5% | +10.1 pp | — |
| 6 months | +15.5% | +4.4% | +11.2 pp | — |
| Year to date | +5.9% | +12.3% | −6.4 pp | — |
| 1 year | +10.4% | +13.5% | −3.1 pp | −32.0% |
| 3 years | +6.3% | +76.4% | −70.1 pp | −18.0% |
| 5 years | −14.9% | +63.7% | −78.6 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.2 bn | 2.1 bn | 2.2 bn | 2.2 bn | 2.3 bn | 2.3 bn | 2.5 bn | 2.3 bn |
| Cost of revenue | 1.6 bn | 1.5 bn | 1.6 bn | 1.6 bn | 1.6 bn | 1.6 bn | 1.7 bn | 1.7 bn |
| Gross profit | 609.2 m | 621.5 m | 639.1 m | 635.0 m | 650.7 m | 664.8 m | 729.4 m | 654.8 m |
| SG&A | 329.3 m | 347.0 m | 352.4 m | 353.9 m | 369.2 m | 375.1 m | 394.8 m | 372.7 m |
| Depreciation & amortisation | 78.2 m | 77.9 m | 80.8 m | 84.0 m | 85.5 m | 86.8 m | 86.4 m | 85.6 m |
| Interest expense | 29.2 m | 30.9 m | 34.0 m | 33.3 m | 37.2 m | 35.6 m | 35.9 m | 35.7 m |
| Pre-tax income | 241.4 m | 227.0 m | 255.5 m | 234.8 m | 207.8 m | 240.4 m | 282.7 m | 241.2 m |
| Income tax | 67.4 m | 60.7 m | 66.5 m | 68.5 m | 41.4 m | 72.3 m | 78.6 m | 71.5 m |
| Net income | 174.0 m | 166.3 m | 189.0 m | 166.3 m | 166.4 m | 168.1 m | 204.1 m | 169.7 m |
| Diluted EPS | 2.17 ≈ | 2.09 | 2.41 | 2.13 | 2.15 ≈ | 2.18 | 2.67 | 2.24 |
| Operating cash flow | 351.2 m | -16.3 m | 208.8 m ≈ | 312.1 m ≈ | 376.8 m | 136.5 m | 408.2 m ≈ | 298.8 m ≈ |
| Capex | 69.5 m | 36.0 m | 30.0 m ≈ | 35.9 m ≈ | 67.1 m | 28.3 m | 39.2 m ≈ | 47.6 m ≈ |
| Dividends paid | 70.4 m | 69.4 m | 73.5 m ≈ | 73.1 m ≈ | 72.4 m | 72.3 m | 76.2 m ≈ | 75.4 m ≈ |
| Share repurchases | 140.0 m | 261.6 m | 98.4 m ≈ | 93.6 m ≈ | 118.7 m | 60.6 m | 137.6 m ≈ | 59.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 39 percentile of its own 33-quarter history (min 16.3, median 22.0, max 53.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.6 bn | 7.2 bn | 7.1 bn | 7.0 bn | 9.0 bn | 8.4 bn | 8.8 bn | 8.9 bn |
| Revenue YoY | +8.7% | +8.2% | −1.2% | unavailable | +29.7% | −7.5% | +4.7% | +1.1% |
| Net income | 281.8 m | 467.4 m | 303.6 m | 555.9 m | 757.1 m | 503.0 m | 704.9 m | 688.0 m |
| Net income YoY | −12.1% | +65.9% | −35.0% | unavailable | +36.2% | −33.6% | +40.1% | −2.4% |
| Diluted EPS | 3.13 | 5.28 | 3.57 | 6.61 | 9.21 | 6.20 | 8.73 | 8.79 |
| Diluted EPS YoY | −11.6% | +68.7% | −32.4% | unavailable | +39.3% | −32.7% | +40.8% | +0.7% |
| net % | 4.3% | 6.5% | 4.3% | 8.0% | 8.4% | 6.0% | 8.1% | 7.8% |
| Free cash flow | 455.2 m | 231.2 m | 527.1 m | 549.9 m | 682.9 m | 560.7 m | 730.0 m | 712.4 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 202.8 m USD
- Financial debt
- 3.7 bn USD
- Net debt
- 3.5 bn USD
- Equity
- 2.2 bn USD
- Total assets
- 8.8 bn USD
- Debt / equity
- 1.66x
- Current ratio
- 1.13x
- ROE
- 30.2%
- ROA
- 8.0%
- FCF margin
- 8.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 7.1 bn | 7.0 bn | 9.0 bn | 8.4 bn | 8.8 bn | 8.9 bn | SEC (XBRL)· 25 Feb 2026verified |
| Cost of revenue | 5.2 bn | 5.0 bn | 6.6 bn | 6.1 bn | 6.2 bn | 6.3 bn | SEC (XBRL)· 25 Feb 2026verified |
| Gross profit | 1.9 bn | 1.9 bn | 2.4 bn | 2.3 bn | 2.5 bn | 2.5 bn | SEC (XBRL)· 25 Feb 2026verified |
| Research & development | 92.6 m | 112.8 m | 136.1 m | 135.8 m | 137.8 m | 136.6 m | SEC (XBRL)· 25 Feb 2026verified |
| SG&A | 1.1 bn | 1.1 bn | 1.3 bn | 1.3 bn | 1.4 bn | 1.4 bn | SEC (XBRL)· 25 Feb 2026verified |
| Depreciation & amortisation | 179.0 m | 205.3 m | 290.7 m | 298.4 m | 312.2 m | 328.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Interest expense | 75.8 m | 70.0 m | 84.1 m | 119.0 m | 117.0 m | 135.4 m | SEC (XBRL)· 25 Feb 2026verified |
| Pre-tax income | 249.5 m | 737.3 m | 999.3 m | 694.7 m | 953.5 m | 925.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Income tax | -56.7 m | 177.7 m | 242.2 m | 191.7 m | 248.6 m | 237.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Net income | 303.6 m | 555.9 m | 757.1 m | 503.0 m | 704.9 m | 688.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Diluted EPS | 3.57 | 6.61 | 9.21 | 6.20 | 8.73 | 8.79 | SEC (XBRL)· 25 Feb 2026verified |
| Weighted average diluted shares | 85.0 m | 84.1 m | 82.2 m | 81.1 m | 80.7 m | 78.3 m | SEC (XBRL)· 25 Feb 2026verified |
| Dividend per share | 2.26 | 2.36 | 2.93 | 3.18 | 3.45 | 3.70 | SEC (XBRL)· 25 Feb 2026verified |
Balance sheet · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 253.7 m | 252.3 m | 167.2 m | 215.0 m | 329.1 m | 202.8 m | SEC (XBRL)· 25 Feb 2026verified |
| Receivables | 1.2 bn | 1.2 bn | 1.4 bn | 1.4 bn | 1.5 bn | 1.5 bn | SEC (XBRL)· 25 Feb 2026verified |
| Inventories | 663.0 m | 717.2 m | 1.0 bn | 920.7 m | 978.1 m | 975.8 m | SEC (XBRL)· 25 Feb 2026verified |
| Current assets | 2.3 bn | 2.4 bn | 2.8 bn | 2.8 bn | 3.1 bn | 3.0 bn | SEC (XBRL)· 25 Feb 2026verified |
| Property, plant & equipment, net | 1.2 bn | 1.3 bn | 1.5 bn | 1.6 bn | 1.6 bn | 1.6 bn | SEC (XBRL)· 05 May 2026verified |
| Goodwill | 930.8 m | 1.1 bn | 1.9 bn | 2.0 bn | 2.0 bn | 2.3 bn | SEC (XBRL)· 25 Feb 2026verified |
| Intangibles (excl. goodwill) | 126.5 m | 224.9 m | 840.3 m | 849.1 m | 755.3 m | 827.5 m | SEC (XBRL)· 25 Feb 2026verified |
| Total assets | 5.5 bn | 6.1 bn | 8.0 bn | 8.2 bn | 8.4 bn | 8.8 bn | SEC (XBRL)· 25 Feb 2026verified |
| Accounts payable | 1.1 bn | 1.1 bn | 1.3 bn | 1.3 bn | 1.3 bn | 1.3 bn | SEC (XBRL)· 25 Feb 2026verified |
| Short-term debt | 440.2 m | 64.7 m | 598.6 m | 622.2 m | 592.3 m | 522.9 m | SEC (XBRL)· 25 Feb 2026verified |
| Long-term debt | 1.5 bn | 2.0 bn | 2.5 bn | 2.6 bn | 2.6 bn | 3.2 bn | SEC (XBRL)· 25 Feb 2026verified |
| Current liabilities | 2.3 bn | 1.9 bn | 2.8 bn | 2.7 bn | 2.9 bn | 2.7 bn | SEC (XBRL)· 25 Feb 2026verified |
| Equity | 1.2 bn † | 1.5 bn † | 2.0 bn † | 2.1 bn † | 2.3 bn † | 2.2 bn † | SEC (XBRL)· 25 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 746.5 m | 751.3 m | 961.0 m | 826.0 m | 938.8 m | 881.4 m | SEC (XBRL)· 25 Feb 2026verified |
| Capex | 219.4 m | 201.4 m | 278.1 m | 265.3 m | 208.8 m | 169.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Free cash flow | 527.1 m ≈ | 549.9 m ≈ | 682.9 m ≈ | 560.7 m ≈ | 730.0 m ≈ | 712.4 m ≈ | SEC (XBRL)· 25 Feb 2026derived |
| Investing cash flow | -251.0 m | -554.2 m | -332.7 m | -459.0 m | -243.1 m | -596.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Financing cash flow | -470.3 m | -207.7 m | -615.2 m | -317.2 m | -576.1 m | -414.9 m | SEC (XBRL)· 25 Feb 2026verified |
| Dividends paid | 189.7 m | 196.8 m | 238.9 m | 256.7 m | 277.5 m | 288.4 m | SEC (XBRL)· 25 Feb 2026verified |
| Share repurchases | 237.7 m | 104.3 m | 379.5 m | 137.5 m | 247.5 m | 572.3 m | SEC (XBRL)· 25 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 50 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 14.5 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation63
- Returns80
- Quality80
- Balance sheet30
- Growth0
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 48.62 – 272.34 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)177.57 – 272.34 (Mid 214.36)WACC 9.2% · starting FCFF 1.1 bn USD · terminal value share of EV 73%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -5.1%
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · not enough peers
- Dividend discount (DDM)48.62 – 65.39 (Mid 55.77)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 50/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 7.6% | 60 (vs peers) | 10% |
| FCF conversion · Quality | 146.6% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | -0.7% | 0 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | -1.5% | 0 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.2x | 30 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 20.8x | 42 (on a fixed band) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 7.1% | 89 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 4.6% | 66 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 28.5% | 100 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial30/100 · 1/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality80/100 · 2/3 factors with a value
- Returns80/100 · 2/2 factors with a value
- Valuation63/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
AVERY DENNISON CORPORATION (AVY). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 8.9 bn USD in 2025; YoY growth 1.1%; net margin 7.6%; ROE 30.8%.
The estimated value range is 113.09–168.87 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 135.06 USD, the price of 192.59 USD leaves a potential of -29.9% (value / price − 1) and a margin of safety of -42.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 50/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 146.6%
- FCF yield: 7.1%
- Payout ratio (FCF): 28.5%
What contradicts it
- Revenue CAGR 3Y: -0.7%
- EPS CAGR 3Y: -1.5%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, EV/EBITDA.
Versus the vertical median
Paper and allied products (SIC 267x) · same industry group (3-digit SIC) · compared with 5 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| KMBKimberly-Clark Corporation | 36.2 bn | 18.5 | 129.4% | 11.8% | −2.1% | −0% / −12% |
| AVYAvery Dennison Corporation | 14.5 bn | 20.8 | 30.8% | 7.6% | +1.1% | +10% / +6% |
| REYNReynolds Consumer Products Inc. | 5.3 bn | 16.4 | 14.3% | 8.5% | +0.7% | +1% / −4% |
| PACKRanpak Holdings Corp. | 288.2 m | — | -6.6% | -8.3% | +7.1% | −32% / −18% |
| DSYBig Tree Cloud Holdings Limited | 284.1 m | — | -232.8% | -551.3% | −49.3% | −64% / −98% |
| ITPIt Tech Packaging, Inc. | 2.1 m | — | -6.9% | -13.9% | −12.4% | −45% / −57% |
1- and 3-year price returns: for AVY from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 109.56 Total return -42% · Per year -42% | 194.20 Total return 3% · Per year 3% | 293.22 Total return 55% · Per year 55% |
| 3 years | 95.54 Total return -46% · Per year -19% | 191.56 Total return 6% · Per year 2% | 319.08 Total return 73% · Per year 20% |
| 5 years | 83.32 Total return -50% · Per year -13% | 188.95 Total return 8% · Per year 2% | 347.23 Total return 94% · Per year 14% |
- Exit P/E± 47.89
- Net margin± 33.52
- Annual revenue growth± 28.96
- Annual dilution± 2.82
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (03 Nov 2026), 8-K (29 Oct 2026 · results).
In brief
Avery Dennison is a global leader in materials science and digital identification, offering pressure-sensitive labels, films and RFID solutions for brands and supply chains 1. Net sales were 8855.5 million USD in fiscal 2025 1, and in the second quarter of 2026 sales rose 10.9% 3, suggesting demand has held up despite trade uncertainty.
SWOT
Strengths
Weaknesses
Opportunities
- Growth in high-value categories such as RFID and smart labels could support margin expansion 1.
- Complementary acquisitions, such as Taylor Adhesives, can extend the portfolio into niche categories 1.
- Emerging markets offer growth potential if the company achieves the expected return on its investments 1.
Threats
Risks
- Raw material volatilityhigh
Costs of paper, films and resins can rise sharply, and the company may not always offset them through prices or product re-engineering 1.
- Tariff and trade exposurehigh
Changes in US and other countries' trade policies can affect imported materials directly and customer demand indirectly 12.
- Currency movementsmedium
Most sales are in foreign currencies, and swings can reduce reported revenue and margins, even though hedging partly limits the effect 1.
- Competition and technology changemedium
Competitors may introduce new technologies or lower prices, which could reduce the company's share in high-value categories 1.
- Financing costslow
Higher interest rates and debt levels can affect cash available for dividends and buybacks, especially if results weaken 23.
Investment thesis
What would need to be true (bull case)
- Organic growth in both segments in the second quarter of 2026 and expanding margins suggest the business model can support higher earnings 3.
- The 2026 adjusted EPS guidance points to higher profitability, and a lower share count contributes to that trajectory 3.
- A position in high-value categories and RFID could generate long-term growth if innovation remains competitive 1.
What would break the thesis
- Tariffs and trade uncertainty could reduce demand in some categories, especially industrials and apparel, weighing on future results 1.
- Higher interest costs and indebtedness could limit financial flexibility if demand softens 23.
- Repeated restructurings and personnel costs could signal persistent cost pressures that do not fully show up in margins 12.
What to watch
- Third quarter 2026 results and any revised EPS guidanceQ3 2026
- Tariff developments after the Supreme Court ruling and their effect on demand2026
- Currency effects on reported sales2026
- Performance of high-value categories and RFID solutionsnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (03 Nov 2026), 8-K (29 Oct 2026 · results).
The business
Market context
The market for self-adhesive materials and digital identification is fragmented, with global and numerous regional players, and demand depends on consumer goods, e-commerce and logistics 1. Most sales go to relatively essential consumer categories, but exposure to more cyclical industries such as industrials and apparel remains meaningful 1.
Organic growth in 2026 points to firmer demand, but the trajectory depends on macroeconomic conditions and tariff policy, which remain uncertain 12. Market share could continue to depend on innovation and the ability to keep prices competitive 1.
Trends
- Tariffs and trade uncertaintyheadwind
US tariffs and retaliatory measures by other countries have created uncertainty over demand and costs, and the US Supreme Court ruled in February 2026 that IEEPA does not authorize tariffs, which could bring temporary relief followed by policy instability 1.
- Demand in high-value categoriestailwind
High-value categories such as RFID labels and specialty materials are growing faster than the market, and second quarter 2026 results show organic growth in these categories 13.
- Raw material costsmixed
Paper, plastic films and resins are subject to significant price swings, and raw material deflation reduced selling prices in 2025, although productivity partly offset the effect 12.
Competitive position
In labels and materials the main competitors include UPM Adhesive Materials, Fedrigoni Self-Adhesives, Lintec and Flexcon, plus regional operators 1. In graphics, reflective products and tapes, rivals include 3M and Orafol, and Tesa, a subsidiary of Beiersdorf, and Nitto Denko 1.
In RFID and branding solutions, competitors include Checkpoint Systems, a subsidiary of CCL Industries, R-pac, SML Group, Arizon RFID and Tageos, a subsidiary of Fedrigoni 1. The company considers its scale, innovation and global distribution network to be key advantages 1.
- 3M CompanyMMM
Competitor in graphics, reflective products and performance tapes, cited as a main rival in these categories 1.
- UPM Adhesive Materials
Important competitor in self-adhesive label materials, part of the Finnish group UPM 1.
- Checkpoint Systems
Competitor in retail identification and security solutions, a subsidiary of CCL Industries 1.
- Nitto Denko Corporation
Competitor in performance tapes and adhesive materials, cited in the tapes category 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Avery Dennison Stock Outlook: Is Wall Street Bullish or Bearish?Yahoo Finance — News · 27 Aug 2026 · EN
The latest news item in our archive is from 27 Aug 2026; the newest SEC filing is from 03 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report03 Nov 2026
- Current report29 Oct 2026Results of operations · Financial statements and exhibits
- Current report13 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report05 Oct 2026Departure or appointment of officers
- Current report19 Aug 2026Other events
- Quarterly report04 Aug 2026
- Current report30 Jul 2026Results of operations · Financial statements and exhibits
- Current report04 Jun 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report05 May 2026
- Current report01 May 2026Shareholder vote · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Avery Dennison Corporation · 25 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Avery Dennison Corporation · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Avery Dennison Corporation · 30 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.