Avery Dennison (MIL:1AVY) Cyclically Adjusted PS Ratio: 1.41 (As of Jul. 23, 2026) — 19% Below Median

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MIL:1AVY Avery Dennison Corp MIL:1AVY
85 GF Score
Price €140.35
GF Value €180.80
! 2 Warning Signs
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What is Avery Dennison Cyclically Adjusted PS Ratio?

Avery Dennison MIL:1AVY 85 Cyclically Adjusted PS Ratio is 1.41 as of Jul. 23, 2026, which is 19% below its 10-year median of 1.75. GuruFocus rates MIL:1AVY with a GF Score™ of 85/100 and a GF Value™ of €180.80. 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 (2026-07-23), Avery Dennison's current share price is €140.35. Avery Dennison's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €99.75. Avery Dennison's Cyclically Adjusted PS Ratio for today is 1.41.

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

MIL:1AVY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.05   Med: 1.75   Max: 2.91
Current: 1.43

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.

MIL:1AVY's Cyclically Adjusted PS Ratio is ranked worse than
71.47% of 319 companies
in the Packaging & Containers industry
Industry Median: 0.69 vs MIL:1AVY: 1.43

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 €25.821. 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 €99.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avery Dennison  (MIL:1AVY) 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

MIL:1AVY 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.


MIL:1AVY
85GF Score
Avery Dennison Corp MIL:1AVY
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
=140.35/99.75
=1.41

* 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)
=25.821/330.2130*330.2130
=25.821

Current CPI (Mar. 2026) = 330.2130.

Avery Dennison Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 15.126 241.018 20.724
201609 14.837 241.428 20.293
201612 16.317 241.432 22.317
201703 16.332 243.801 22.121
201706 16.106 244.955 21.712
201709 15.674 246.819 20.970
201712 16.274 246.524 21.799
201803 16.079 249.554 21.276
201806 17.834 251.989 23.370
201809 17.040 252.439 22.290
201812 17.849 251.233 23.460
201903 18.268 254.202 23.730
201906 18.674 256.143 24.074
201909 18.860 256.759 24.255
201912 18.838 256.974 24.207
202003 18.541 258.115 23.720
202006 16.197 257.797 20.747
202009 17.476 260.280 22.172
202012 19.390 260.474 24.581
202103 20.537 264.877 25.603
202106 20.819 271.696 25.303
202109 21.040 274.310 25.328
202112 23.139 278.802 27.406
202203 25.701 287.504 29.519
202206 27.043 296.311 30.137
202209 28.575 296.808 31.791
202212 23.437 296.797 26.076
202303 23.665 301.836 25.890
202306 23.821 305.109 25.781
202309 24.273 307.789 26.041
202312 23.952 306.746 25.784
202403 24.435 312.332 25.834
202406 25.637 314.175 26.946
202409 24.347 315.301 25.498
202412 26.059 315.605 27.265
202503 25.027 319.799 25.842
202506 24.587 322.561 25.170
202509 24.200 324.800 24.603
202512 25.059 324.054 25.535
202603 25.821 330.213 25.821

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 1.41 mean?
Avery Dennison (MIL:1AVY) has a Cyclically Adjusted PS Ratio of 1.41 as of Jul. 23, 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 19% 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 1.41 is 19% 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 1.41 is 104.3% 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 85/100, 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 1.41 is 104.3% 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 1.41 is 104.3% 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 1.41, which is 19% 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?
Avery Dennison (MIL:1AVY) has a current Cyclically Adjusted PS Ratio of 1.41. The stock's GF Value™ is €180.80, compared to a current price of €140.35 — trading 22.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.41, which is 19% below median its 10-year median of 1.75 and 104.3% above the Packaging & Containers industry median of 0.69. Avery Dennison's overall GF Score™ is 85/100 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 (MIL:1AVY), the current Cyclically Adjusted PS Ratio is 1.41 as of Jul. 23, 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 (MIL:1AVY) Overvalued in 2026?

Based on GuruFocus' analysis, Avery Dennison stock appears to be undervalued. The current stock price of €140.35 is trading 22.4% below its estimated GF Value™ of €180.80.

Key valuation signals for MIL:1AVY:

  • Cyclically Adjusted PS Ratio: 1.41 (19% below median its 10-year median of 1.75)
  • GF Value™: €180.80 vs. price of €140.35 (22.4% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 104.3% above the Packaging & Containers median (#228 of 319)

No single metric tells the full story. See the MIL:1AVY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Avery Dennison Business Description

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.
85GF Score

Get the complete analysis for MIL:1AVY

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

€140.35
Price
€180.80
GF Value