GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Avery Dennison Corp (NYSE:AVY) » Definitions » Cyclically Adjusted FCF per Share

AVY (Avery Dennison) Cyclically Adjusted FCF per Share : $6.91 (As of Mar. 2025)


View and export this data going back to 1977. Start your Free Trial

What is Avery Dennison Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Avery Dennison's adjusted free cash flow per share for the three months ended in Mar. 2025 was $-0.754. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $6.91 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Avery Dennison's average Cyclically Adjusted FCF Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 14.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.10% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Avery Dennison was 20.00% per year. The lowest was -2.30% per year. And the median was 9.40% per year.

As of today (2025-05-11), Avery Dennison's current stock price is $172.20. Avery Dennison's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $6.91. Avery Dennison's Cyclically Adjusted Price-to-FCF of today is 24.92.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Avery Dennison was 51.50. The lowest was 17.14. And the median was 31.33.


Avery Dennison Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Avery Dennison's Cyclically Adjusted FCF 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 FCF per Share Chart

Avery Dennison Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.85 4.74 5.41 6.07 6.86

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 FCF 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 6.47 6.57 6.66 6.86 6.91

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

For the Packaging & Containers subindustry, Avery Dennison's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where Avery Dennison's Cyclically Adjusted Price-to-FCF falls into.


;
;

Avery Dennison Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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 Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.754/134.9266*134.9266
=-0.754

Current CPI (Mar. 2025) = 134.9266.

Avery Dennison Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.420 100.684 1.903
201509 0.790 100.392 1.062
201512 1.492 99.792 2.017
201603 -0.368 100.470 -0.494
201606 2.008 101.688 2.664
201609 1.055 101.861 1.397
201612 1.457 101.863 1.930
201703 -0.259 102.862 -0.340
201706 1.307 103.349 1.706
201709 1.789 104.136 2.318
201712 1.827 104.011 2.370
201803 -0.300 105.290 -0.384
201806 1.607 106.317 2.039
201809 -0.933 106.507 -1.182
201812 1.927 105.998 2.453
201903 -0.141 107.251 -0.177
201906 1.855 108.070 2.316
201909 1.895 108.329 2.360
201912 2.156 108.420 2.683
202003 -0.416 108.902 -0.515
202006 1.720 108.767 2.134
202009 2.705 109.815 3.324
202012 2.327 109.897 2.857
202103 2.167 111.754 2.616
202106 2.444 114.631 2.877
202109 2.817 115.734 3.284
202112 1.824 117.630 2.092
202203 0.854 121.301 0.950
202206 2.519 125.017 2.719
202209 1.714 125.227 1.847
202212 2.995 125.222 3.227
202303 -0.833 127.348 -0.883
202306 1.636 128.729 1.715
202309 3.225 129.860 3.351
202312 2.662 129.419 2.775
202403 0.791 131.776 0.810
202406 1.780 132.554 1.812
202409 2.697 133.029 2.735
202412 3.406 133.157 3.451
202503 -0.754 134.927 -0.754

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Avery Dennison  (NYSE:AVY) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Avery Dennison's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=172.20/6.91
=24.92

* 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 Price-to-FCF of Avery Dennison was 51.50. The lowest was 17.14. And the median was 31.33.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Avery Dennison Cyclically Adjusted FCF per Share Related Terms

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


Avery Dennison Business Description

Traded in Other Exchanges
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.
Executives
Mitchell R Butier officer: VP, Controller & CAO 150 N. ORANGE GROVE BLVD., PASADENA CA 91103
Nicholas Colisto officer: VP & Chief Information Officer C/O AVERY DENNISON CORPORATION, 207 GOODE AVE, GLENDALE CA 91203
Ignacio J Walker officer: VP and Chief Legal Officer 207 GOODE AVE, GLENDALE CA 91203
Deena Baker-nel officer: VP & Chief HR Officer 207 GOODE AVE, GLENDALE CA 91203
Francisco Melo officer: President, Solutions Group 8080 NORTON PARKWAY, MENTOR OH 44060
Gregory Lovins officer: V.P. and Interim CFO 207 GOODE AVENUE, GLENDALE CA 91203
Julia A Stewart director 4551 WEST 107TH STREET STE 100, C/O APPLEBEES INTERNATIONAL INC, OVERLAND PARK KS 66207
Divina Fe Santiago officer: VP Controller 8080 NORTON PARKWAY, MENTOR OH 44060
Hassan Rmaile officer: President, Materials Group 1200 WILLOW LAKE BLVD, P.O. BOX 64683, ST. PAUL MN 55110
Andres Alberto Lopez director ONE MICHAEL OWENS WAY, PERRYSBURG OH 43551
Francesca Reverberi director C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312
Anthony Anderson director 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Martha N. Sullivan director 529 PLEASANT STREET, MS B-7, ATTLEBORO MA 02703
William Raymond Wagner director C/O VOCUS, INC., 4296 FORBES BOULEVARD, LANHAM MD 20706
Bradley A Alford director 150 N ORANGE GROVE BLVD, PASADENA CA 91103