Avery DennisonMEX:AVY 86 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates MEX:AVY with a GF Score™ of 86/100 and a GF Value™ of MXN5,329.94. The stock has 2 warning signs investors should review. Among 385 Packaging & Containers companies, Avery Dennison ranks better than 99.74% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Avery Dennison's annualized net income for the quarter that ended in Mar. 2026 was MXN12,125 Mil. Avery Dennison's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN-14,609 Mil. Therefore, Avery Dennison's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Avery Dennison's Return-on-Tangible-Equity or its related term are showing as below:
MEX:AVY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 214.59 Med: 411.32 Max: 3795
Current: Negative Tangible Equity
During the past 13 years, Avery Dennison's highest Return-on-Tangible-Equity was 3,795.00%. The lowest was 214.59%. And the median was 411.32%.
MEX:AVY's Return-on-Tangible-Equity is ranked better than 99.74% of 385
companies
in the Packaging & Containers industry
Industry Median: 5.91
vs MEX:AVY: Negative Tangible Equity
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Avery Dennison Return-on-Tangible-Equity Related Terms
Avery Dennison Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Avery Dennison's Return-on-Tangible-Equity 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-Equity Comparison
For the Packaging & Containers subindustry, Avery Dennison's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Avery Dennison's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Avery Dennison's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Avery Dennison (MEX:AVY) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Avery Dennison and its competitors. Over the past decade, Avery Dennison's Return-on-Tangible-Equity has ranged from 214.59 to 3,795.00. According to the industry distribution chart, Avery Dennison ranks #1 out of 385 companies in the Packaging & Containers industry, placing it in the top 0.3%.
Is Avery Dennison's Return-on-Tangible-Equity too high?
Avery Dennison's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 214.59 to a high of 3,795.00. Based on the distribution chart, Avery Dennison ranks #1 out of 385 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 86/100, reflecting its overall financial health beyond just this single metric.
How does Avery Dennison's Return-on-Tangible-Equity compare to CCK and BALL?
According to the Packaging & Containers industry distribution chart, Avery Dennison ranks #1 out of 385 companies for Return-on-Tangible-Equity. This places Avery Dennison in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.91. Historically, Avery Dennison's own Return-on-Tangible-Equity has ranged from 214.59 to 3,795.00 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 Return-on-Tangible-Equity for a Packaging & Containers company?
The median Return-on-Tangible-Equity among Packaging & Containers companies is 5.91, based on 385 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Avery Dennison and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Equity is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avery Dennison's current Return-on-Tangible-Equity is Negative Tangible Equity%. 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-Equity of Negative Tangible Equity%. The stock's GF Value™ is MXN5,329.94, compared to a current price of MXN4,390.00 — trading 17.6% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Avery Dennison's overall GF Score™ is 86/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Avery Dennison (MEX:AVY), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 17.6% below its estimated GF Value™ of MXN5,329.94.
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.
86GF Score
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