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Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-20), the stock price of Avery Dennison is MXN4390.00. Avery Dennison's graham number for the quarter that ended in Mar. 2026 was MXNN/A. Therefore, Avery Dennison's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Avery Dennison's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Avery Dennison was 30.78. The lowest was 5.07. And the median was 8.31.
MEX:AVY's Price-to-Graham-Number is not ranked *
in the Packaging & Containers industry.
Industry Median: 0.99 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Avery Dennison (MEX:AVY) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Avery Dennison's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4390.00
/
N/A
=
N/A
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Avery Dennison Graham Number Related Terms
Avery Dennison Graham Number Historical Data
* Premium members only.
The historical data trend for Avery Dennison's Graham Number 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.
MEX:AVY vs CCK, BALL, REYN: Graham Number Comparison
For the Packaging & Containers subindustry, Avery Dennison's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Avery Dennison's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Avery Dennison's Price-to-Graham-Number falls into.
* 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 (MEX:AVY) has a Graham Number of MXNN/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Avery Dennison and its competitors. Over the past decade, Avery Dennison's Graham Number has ranged from 5.07 to 30.78. According to the industry distribution chart, Avery Dennison ranks #999999 out of 292 companies in the Packaging & Containers industry.
Is Avery Dennison's Graham Number too high?
Avery Dennison's current Graham Number is MXNN/A. Over the past 10 years, this metric has ranged from a low of 5.07 to a high of 30.78. Based on the distribution chart, Avery Dennison ranks #999999 out of 292 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. 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 Graham Number compare to CCK and BALL?
According to the Packaging & Containers industry distribution chart, Avery Dennison ranks #999999 out of 292 companies for Graham Number. This places Avery Dennison in the lower half of its industry. The industry median Graham Number is 0.99. Historically, Avery Dennison's own Graham Number has ranged from 5.07 to 30.78 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Packaging & Containers company?
The median Graham Number among Packaging & Containers companies is 0.99, based on 292 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Avery Dennison and its competitors. For the Packaging & Containers industry, the median Graham Number is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avery Dennison's current Graham Number is MXNN/A. 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 (MEX:AVY) has a current Graham Number of MXNN/A. The stock's GF Value™ is MXN5,555.03, compared to a current price of MXN4,390.00 — trading 21% below its estimated fair value. The current Graham Number is MXNN/A. 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 Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Avery Dennison (MEX:AVY), the current Graham Number is MXNN/A as of Mar. 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 (MEX:AVY) Overvalued in 2026?
Based on GuruFocus' analysis, Avery Dennison stock appears to be undervalued.
The current stock price of MXN4,390.00 is trading 21% below its estimated GF Value™ of MXN5,555.03.
Key valuation signals for MEX:AVY:
Graham Number: MXNN/A
GF Value™: MXN5,555.03 vs. price of MXN4,390.00 (21% below fair value)
No single metric tells the full story. See the MEX:AVY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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