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Avery DennisonMEX:AVY 85 Return-on-Tangible-Asset is 11.59% as of Mar. 2026, which is 2% below its 10-year median of 11.84. GuruFocus rates MEX:AVY with a GF Score™ of 85/100 and a GF Value™ of MXN5,669.07. The stock has 2 warning signs investors should review. Among 400 Packaging & Containers companies, Avery Dennison ranks better than 93.5% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Avery Dennison's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN12,125 Mil. Avery Dennison's average total tangible assets for the quarter that ended in Mar. 2026 was MXN104,658 Mil. Therefore, Avery Dennison's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.59%.
The historical rank and industry rank for Avery Dennison's Return-on-Tangible-Asset or its related term are showing as below:
MEX:AVY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.12 Med: 11.84 Max: 14.95
Current: 11.81
During the past 13 years, Avery Dennison's highest Return-on-Tangible-Asset was 14.95%. The lowest was 7.12%. And the median was 11.84%.
MEX:AVY's Return-on-Tangible-Asset is ranked better than 93.5% of 400
companies
in the Packaging & Containers industry
Industry Median: 2.92
vs MEX:AVY: 11.81
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Avery Dennison Return-on-Tangible-Asset Related Terms
Avery Dennison Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Avery Dennison's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Packaging & Containers subindustry, Avery Dennison's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Avery Dennison's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Avery Dennison's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.59% mean?
Avery Dennison (MEX:AVY) has a Return-on-Tangible-Asset of 11.59% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Avery Dennison and its competitors. This is near median its historical median of 11.84. Over the past decade, Avery Dennison's Return-on-Tangible-Asset has ranged from 7.12 to 14.95. According to the industry distribution chart, Avery Dennison ranks #26 out of 400 companies in the Packaging & Containers industry, placing it in the top 6.5%.
Is Avery Dennison's Return-on-Tangible-Asset too high?
Avery Dennison's current Return-on-Tangible-Asset of 11.59% is near median its 10-year median of 11.84. Over the past 10 years, this metric has ranged from a low of 7.12 to a high of 14.95. The Packaging & Containers industry median Return-on-Tangible-Asset is 2.92. Avery Dennison's value of 11.59% is 296.9% above this industry median. Based on the distribution chart, Avery Dennison ranks #26 out of 400 companies in the Packaging & Containers industry, which is in the top quartile — a strong position 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 Return-on-Tangible-Asset compare to CCK and BALL?
According to the Packaging & Containers industry distribution chart, Avery Dennison ranks #26 out of 400 companies for Return-on-Tangible-Asset. This places Avery Dennison in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.92. Avery Dennison's value of 11.59% is 296.9% above this benchmark. Historically, Avery Dennison's own Return-on-Tangible-Asset has ranged from 7.12 to 14.95 over the past decade. While the company's 10-year median is 11.84 vs. the industry median of 2.92, 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 Return-on-Tangible-Asset for a Packaging & Containers company?
The median Return-on-Tangible-Asset among Packaging & Containers companies is 2.92, based on 400 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Avery Dennison's current Return-on-Tangible-Asset of 11.59% is 296.9% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Avery Dennison and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Asset is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avery Dennison's current Return-on-Tangible-Asset is 11.59%, which is near median its own 10-year median of 11.84. 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 Return-on-Tangible-Asset of 11.59%. The stock's GF Value™ is MXN5,669.07, compared to a current price of MXN4,390.00 — trading 22.6% below its estimated fair value. The current Return-on-Tangible-Asset is 11.59%, which is near median its 10-year median of 11.84 and 296.9% above the Packaging & Containers industry median of 2.92. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Avery Dennison (MEX:AVY), the current Return-on-Tangible-Asset is 11.59% 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 22.6% below its estimated GF Value™ of MXN5,669.07.
Key valuation signals for MEX:AVY:
Return-on-Tangible-Asset: 11.59% (near median its 10-year median of 11.84)
GF Value™: MXN5,669.07 vs. price of MXN4,390.00 (22.6% below fair value)
Industry Position: 296.9% above the Packaging & Containers median (#26 of 400)
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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