GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Avery Dennison Corp (FRA:AV3) » Definitions » Cyclically Adjusted PB Ratio

Avery Dennison (FRA:AV3) Cyclically Adjusted PB Ratio : 8.36 (As of Jun. 02, 2025)


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

What is Avery Dennison Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Avery Dennison's current share price is €157.00. Avery Dennison's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €18.77. Avery Dennison's Cyclically Adjusted PB Ratio for today is 8.36.

The historical rank and industry rank for Avery Dennison's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:AV3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.39   Med: 8.29   Max: 14.72
Current: 8.62

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

FRA:AV3's Cyclically Adjusted PB Ratio is ranked worse than
97.87% of 282 companies
in the Packaging & Containers industry
Industry Median: 1.25 vs FRA:AV3: 8.62

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 adjusted book value per share data for the three months ended in Mar. 2025 was €25.559. 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 €18.77 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avery Dennison Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Avery Dennison's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Avery Dennison Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.48 13.55 10.38 10.91 9.33

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 PB Ratio 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 11.73 11.30 11.21 9.33 8.63

Competitive Comparison of Avery Dennison's Cyclically Adjusted PB Ratio

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.


;
;

Avery Dennison Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=157.00/18.77
=8.36

* 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.

Avery Dennison's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

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)
=25.559/134.9266*134.9266
=25.559

Current CPI (Mar. 2025) = 134.9266.

Avery Dennison Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.671 100.684 14.300
201509 10.296 100.392 13.838
201512 9.854 99.792 13.323
201603 9.740 100.470 13.080
201606 9.573 101.688 12.702
201609 10.413 101.861 13.793
201612 9.935 101.863 13.160
201703 10.693 102.862 14.026
201706 10.772 103.349 14.063
201709 10.810 104.136 14.006
201712 10.045 104.011 13.031
201803 10.041 105.290 12.867
201806 9.984 106.317 12.671
201809 10.313 106.507 13.065
201812 9.909 105.998 12.613
201903 10.401 107.251 13.085
201906 11.164 108.070 13.938
201909 11.487 108.329 14.307
201912 12.998 108.420 16.176
202003 12.745 108.902 15.791
202006 12.918 108.767 16.025
202009 13.578 109.815 16.683
202012 14.679 109.897 18.022
202103 15.999 111.754 19.316
202106 17.046 114.631 20.064
202109 18.462 115.734 21.524
202112 20.617 117.630 23.649
202203 21.395 121.301 23.798
202206 22.517 125.017 24.302
202209 24.992 125.227 26.928
202212 23.740 125.222 25.580
202303 23.605 127.348 25.010
202306 23.063 128.729 24.173
202309 24.003 129.860 24.940
202312 24.241 129.419 25.273
202403 25.158 131.776 25.759
202406 26.371 132.554 26.843
202409 26.813 133.029 27.195
202412 27.672 133.157 28.040
202503 25.559 134.927 25.559

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


Avery Dennison  (FRA:AV3) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Avery Dennison Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Avery Dennison's Cyclically Adjusted PB Ratio 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.

Avery Dennison Headlines

No Headlines