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Avery Dennison (MEX:AVY) Cyclically Adjusted Book per Share : MXN508.64 (As of Mar. 2025)


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What is Avery Dennison Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Avery Dennison's adjusted book value per share for the three months ended in Mar. 2025 was MXN565.288. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN508.64 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Avery Dennison's average Cyclically Adjusted Book Growth Rate was 8.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Avery Dennison was 9.50% per year. The lowest was -3.90% per year. And the median was 3.30% per year.

As of today (2025-05-27), Avery Dennison's current stock price is MXN4390.00. Avery Dennison's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN508.64. Avery Dennison's Cyclically Adjusted PB Ratio of today is 8.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Avery Dennison was 14.72. The lowest was 3.39. And the median was 8.29.


Avery Dennison Cyclically Adjusted Book per Share Historical Data

The historical data trend for Avery Dennison's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Avery Dennison Cyclically Adjusted Book per Share Chart

Avery Dennison Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 470.37

Avery Dennison Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 391.55 470.37 508.64

Competitive Comparison of Avery Dennison's Cyclically Adjusted Book per Share

For the Packaging & Containers subindustry, Avery Dennison's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Avery Dennison's Cyclically Adjusted PB Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Avery Dennison's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Avery Dennison's Cyclically Adjusted PB Ratio falls into.


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Avery Dennison Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Avery Dennison's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=565.288/134.9266*134.9266
=565.288

Current CPI (Mar. 2025) = 134.9266.

Avery Dennison Quarterly Data

Book Value per Share CPI Adj_Book
201506 187.910 100.684 251.818
201509 195.257 100.392 262.426
201512 184.568 99.792 249.549
201603 186.705 100.470 250.735
201606 198.916 101.688 263.935
201609 225.969 101.861 299.322
201612 216.071 101.863 286.206
201703 215.340 102.862 282.466
201706 218.777 103.349 285.623
201709 233.832 104.136 302.972
201712 233.455 104.011 302.845
201803 224.930 105.290 288.244
201806 229.185 106.317 290.859
201809 225.093 106.507 285.156
201812 221.347 105.998 281.757
201903 227.975 107.251 286.804
201906 242.315 108.070 302.534
201909 249.748 108.329 311.067
201912 272.379 108.420 338.970
202003 330.215 108.902 409.129
202006 335.770 108.767 416.525
202009 353.293 109.815 434.082
202012 355.229 109.897 436.135
202103 389.318 111.754 470.043
202106 408.813 114.631 481.192
202109 446.618 115.734 520.681
202112 477.897 117.630 548.170
202203 469.164 121.301 521.865
202206 478.858 125.017 516.816
202209 497.736 125.227 536.291
202212 490.283 125.222 528.280
202303 455.542 127.348 482.652
202306 428.369 128.729 448.994
202309 446.225 129.860 463.637
202312 448.712 129.419 467.806
202403 453.840 131.776 464.690
202406 520.037 132.554 529.346
202409 585.977 133.029 594.336
202412 604.319 133.157 612.350
202503 565.288 134.927 565.288

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Avery Dennison  (MEX:AVY) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Avery Dennison's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4390.00/508.64
=8.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Avery Dennison was 14.72. The lowest was 3.39. And the median was 8.29.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Avery Dennison Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Avery Dennison's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Avery Dennison Business Description

Address
8080 Norton Parkway, Mentor, OH, USA, 44060
Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.