Avery Dennison (BUE:AVY) Cyclically Adjusted PS Ratio: 1.51 (As of Jul. 24, 2026) — 14% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:AVY Avery Dennison Corp BUE:AVY
68 GF Score
Price ARS13,640.00
GF Value ARS17,854.16
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Avery Dennison Cyclically Adjusted PS Ratio?

Avery Dennison BUE:AVY -0.73% 68 Cyclically Adjusted PS Ratio is 1.51 as of Jul. 24, 2026, which is 14% below its 10-year median of 1.75. GuruFocus rates BUE:AVY with a GF Score™ of 68/100 and a GF Value™ of ARS17,854.16 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 319 Packaging & Containers companies, Avery Dennison ranks worse than 71.47% on this metric.

As of today (2026-07-24), Avery Dennison's current share price is ARS13640.00. Avery Dennison's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ARS9,054.59. Avery Dennison's Cyclically Adjusted PS Ratio for today is 1.51.

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

BUE:AVY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.05   Med: 1.75   Max: 2.91
Current: 1.41

During the past years, Avery Dennison's highest Cyclically Adjusted PS Ratio was 2.91. The lowest was 1.05. And the median was 1.75.

BUE:AVY's Cyclically Adjusted PS Ratio is ranked worse than
71.47% of 319 companies
in the Packaging & Containers industry
Industry Median: 0.69 vs BUE:AVY: 1.41

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Avery Dennison's adjusted revenue per share data for the three months ended in Mar. 2026 was ARS125,213.946. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS9,054.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avery Dennison  (BUE:AVY) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Avery Dennison Cyclically Adjusted PS Ratio Related Terms


Avery Dennison Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Avery Dennison's Cyclically Adjusted PS 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.

Avery Dennison Cyclically Adjusted PS Ratio Chart

Avery Dennison Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.61 1.97 2.07 1.83 1.69

Avery Dennison Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 1.71 1.66 1.51 1.69 1.56

BUE:AVY vs CCK, BALL, REYN: Cyclically Adjusted PS Ratio Comparison

For the Packaging & Containers subindustry, Avery Dennison's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Packaging & Containers Industry

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

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


BUE:AVY
68GF Score
Avery Dennison Corp BUE:AVY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Avery Dennison Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13640.00/9054.59
=1.51

* 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 Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Avery Dennison's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=125213.946/330.2130*330.2130
=125,213.946

Current CPI (Mar. 2026) = 330.2130.

Avery Dennison Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 712.789 241.018 976.575
201609 745.195 241.428 1,019.240
201612 818.568 241.432 1,119.577
201703 807.902 243.801 1,094.252
201706 895.129 244.955 1,206.684
201709 982.104 246.819 1,313.933
201712 1,103.305 246.524 1,477.851
201803 1,198.402 249.554 1,585.741
201806 1,558.761 251.989 2,042.641
201809 2,195.092 252.439 2,871.378
201812 2,297.001 251.233 3,019.108
201903 2,420.659 254.202 3,144.480
201906 2,828.289 256.143 3,646.158
201909 3,484.914 256.759 4,481.883
201912 3,753.502 256.974 4,823.271
202003 3,814.982 258.115 4,880.602
202006 3,746.146 257.797 4,798.450
202009 4,584.585 260.280 5,816.388
202012 5,759.053 260.474 7,300.975
202103 6,607.112 264.877 8,236.858
202106 7,128.574 271.696 8,663.903
202109 7,260.953 274.310 8,740.699
202112 7,921.581 278.802 9,382.318
202203 9,117.330 287.504 10,471.718
202206 10,319.528 296.311 11,500.222
202209 11,793.445 296.808 13,120.768
202212 12,486.843 296.797 13,892.721
202303 15,016.040 301.836 16,427.767
202306 18,582.222 305.109 20,111.145
202309 27,196.300 307.789 29,177.689
202312 28,288.364 306.746 30,452.510
202403 67,128.529 312.332 70,971.636
202406 74,137.449 314.175 77,922.016
202409 77,054.974 315.301 80,699.250
202412 82,680.038 315.605 86,506.942
202503 86,529.155 319.799 89,346.908
202506 101,005.798 322.561 103,401.923
202509 115,718.326 324.800 117,646.846
202512 127,776.038 324.054 130,204.561
202603 125,213.946 330.213 125,213.946

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 1.51 mean?
Avery Dennison (BUE:AVY) has a Cyclically Adjusted PS Ratio of 1.51 as of Jul. 24, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Avery Dennison and its competitors. This is 14% below median its historical median of 1.75. Over the past decade, Avery Dennison's Cyclically Adjusted PS Ratio has ranged from 1.05 to 2.91. According to the industry distribution chart, Avery Dennison ranks #228 out of 319 companies in the Packaging & Containers industry, placing it in the top 71.5%.
Is Avery Dennison's Cyclically Adjusted PS Ratio too high?
Avery Dennison's current Cyclically Adjusted PS Ratio of 1.51 is 14% below median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 2.91. The Packaging & Containers industry median Cyclically Adjusted PS Ratio is 0.69. Avery Dennison's value of 1.51 is 118.8% above this industry median. Based on the distribution chart, Avery Dennison ranks #228 out of 319 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Avery Dennison has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avery Dennison's Cyclically Adjusted PS Ratio compare to CCK and BALL?
According to the Packaging & Containers industry distribution chart, Avery Dennison ranks #228 out of 319 companies for Cyclically Adjusted PS Ratio. This places Avery Dennison in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.69. Avery Dennison's value of 1.51 is 118.8% above this benchmark. Historically, Avery Dennison's own Cyclically Adjusted PS Ratio has ranged from 1.05 to 2.91 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 0.69, Avery Dennison has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Packaging & Containers company?
The median Cyclically Adjusted PS Ratio among Packaging & Containers companies is 0.69, based on 319 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Avery Dennison's current Cyclically Adjusted PS Ratio of 1.51 is 118.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Avery Dennison and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PS Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avery Dennison's current Cyclically Adjusted PS Ratio is 1.51, which is 14% below median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avery Dennison stock overvalued right now?
Based on GuruFocus' analysis, Avery Dennison (BUE:AVY) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS17,854.16, compared to a current price of ARS13,640.00 — trading 23.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.51, which is 14% below median its 10-year median of 1.75 and 118.8% above the Packaging & Containers industry median of 0.69. Avery Dennison's overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Avery Dennison (BUE:AVY), the current Cyclically Adjusted PS Ratio is 1.51 as of Jul. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Avery Dennison (BUE:AVY) Overvalued in 2026?

Based on GuruFocus' analysis, Avery Dennison stock appears to be undervalued. The current stock price of ARS13,640.00 is trading 23.6% below its estimated GF Value™ of ARS17,854.16. GuruFocus considers Avery Dennison to be Modestly Undervalued.

Key valuation signals for BUE:AVY:

  • Cyclically Adjusted PS Ratio: 1.51 (14% below median its 10-year median of 1.75)
  • GF Value™: ARS17,854.16 vs. price of ARS13,640.00 (23.6% below fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 118.8% above the Packaging & Containers median (#228 of 319)

No single metric tells the full story. See the BUE:AVY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Avery Dennison Business Description

Other Exchanges AVY:USA0HJR:UKAV3:Germany
Address 8080 Norton Parkway, Mentor, OH, USA, 44060
Avery Dennison Corp provides materials science and digital identification solutions, offering labeling and functional materials, RFID inlays and tags, software connecting physical and digital, and products that enhance packaging and customer experience. Serving industries including retail, apparel, e-commerce, logistics, food, pharmaceuticals, and automotive it operates through two reportable segments: Materials Group, which manufactures and sells pressure-sensitive label materials, graphics, reflective products, performance tapes, and other adhesive solutions, and earns the majority of revenue; and Solutions Group, which provides brand and price tickets, tags, labels with RFID inlays, and related services, supplies, and equipment.
68GF Score

Get the complete analysis for BUE:AVY

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS13,640.00
Price
ARS17,854.16
GF Value