Avery Dennison (BUE:AVY) ROE %: 29.06% (As of Mar. 2026) — 11% Below Median


BUE:AVY Avery Dennison Corp BUE:AVY
76 GF Score
Price ARS14,080.00
GF Value ARS17,199.92
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Avery Dennison ROE %?

Avery Dennison BUE:AVY 76 ROE % is 29.06% as of Mar. 2026, which is 11% below its 10-year median of 32.83. GuruFocus rates BUE:AVY with a GF Score™ of 76/100 and a GF Value™ of ARS17,199.92 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 392 Packaging & Containers companies, Avery Dennison ranks better than 96.43% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Avery Dennison's annualized net income for the quarter that ended in Mar. 2026 was ARS940,180 Mil. Avery Dennison's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ARS3,235,523 Mil. Therefore, Avery Dennison's annualized ROE % for the quarter that ended in Mar. 2026 was 29.06%.

The historical rank and industry rank for Avery Dennison's ROE % or its related term are showing as below:

BUE:AVY' s ROE % Range Over the Past 10 Years
Min: 24.18   Med: 32.83   Max: 46.71
Current: 31

During the past 13 years, Avery Dennison's highest ROE % was 46.71%. The lowest was 24.18%. And the median was 32.83%.

BUE:AVY's ROE % is ranked better than
96.43% of 392 companies
in the Packaging & Containers industry
Industry Median: 5.375 vs BUE:AVY: 31.00

Avery Dennison  (BUE:AVY) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=940180/3235523.1455
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(940180 / 12855465.364)*(12855465.364 / 12664926.9985)*(12664926.9985 / 3235523.1455)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.31 %*1.015*3.9143
=ROA %*Equity Multiplier
=7.42 %*3.9143
=29.06 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=940180/3235523.1455
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (940180 / 1344552.48) * (1344552.48 / 1620286.412) * (1620286.412 / 12855465.364) * (12855465.364 / 12664926.9985) * (12664926.9985 / 3235523.1455)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6993 * 0.8298 * 12.6 % * 1.015 * 3.9143
=29.06 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Avery Dennison ROE % Related Terms


Avery Dennison ROE % Historical Data

* Premium members only.

The historical data trend for Avery Dennison's ROE % 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 ROE % Chart

Avery Dennison Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.43 47.45 32.75 45.88 35.73

Avery Dennison Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 30.50 36.43 32.17 30.88 29.06

BUE:AVY vs CCK, BALL, IP: ROE % Comparison

For the Packaging & Containers subindustry, Avery Dennison's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Avery Dennison's ROE % distribution charts can be found below:

* The bar in red indicates where Avery Dennison's ROE % falls into.


BUE:AVY
76GF Score
Avery Dennison Corp BUE:AVY
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Avery Dennison ROE % Calculation

Avery Dennison's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=998624.424/( (2335423.023+3254383.46)/ 2 )
=998624.424/2794903.2415
=35.73 %

Avery Dennison's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=940180/( (3254383.46+3216662.831)/ 2 )
=940180/3235523.1455
=29.06 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder 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. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 29.06% mean?
Avery Dennison (BUE:AVY) has a ROE % of 29.06% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Avery Dennison and its competitors. This is 11% below median its historical median of 32.83. Over the past decade, Avery Dennison's ROE % has ranged from 24.18 to 46.71. According to the industry distribution chart, Avery Dennison ranks #14 out of 392 companies in the Packaging & Containers industry, placing it in the top 3.6%.
Is Avery Dennison's ROE % too high?
Avery Dennison's current ROE % of 29.06% is 11% below median its 10-year median of 32.83. Over the past 10 years, this metric has ranged from a low of 24.18 to a high of 46.71. The Packaging & Containers industry median ROE % is 5.38. Avery Dennison's value of 29.06% is 440.7% above this industry median. Based on the distribution chart, Avery Dennison ranks #14 out of 392 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 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avery Dennison's ROE % compare to CCK and BALL?
According to the Packaging & Containers industry distribution chart, Avery Dennison ranks #14 out of 392 companies for ROE %. This places Avery Dennison in the top 4% of its industry — outperforming the majority of peers. The industry median ROE % is 5.38. Avery Dennison's value of 29.06% is 440.7% above this benchmark. Historically, Avery Dennison's own ROE % has ranged from 24.18 to 46.71 over the past decade. While the company's 10-year median is 32.83 vs. the industry median of 5.38, 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 ROE % for a Packaging & Containers company?
The median ROE % among Packaging & Containers companies is 5.38, based on 392 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Avery Dennison's current ROE % of 29.06% is 440.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Avery Dennison and its competitors. For the Packaging & Containers industry, the median ROE % is 5.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avery Dennison's current ROE % is 29.06%, which is 11% below median its own 10-year median of 32.83. 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 ARS17,199.92, compared to a current price of ARS14,080.00 — trading 18.1% below its estimated fair value. The current ROE % is 29.06%, which is 11% below median its 10-year median of 32.83 and 440.7% above the Packaging & Containers industry median of 5.38. Avery Dennison's overall GF Score™ is 76/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Avery Dennison (BUE:AVY), the current ROE % is 29.06% 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 (BUE:AVY) Overvalued in 2026?

Based on GuruFocus' analysis, Avery Dennison stock appears to be undervalued. The current stock price of ARS14,080.00 is trading 18.1% below its estimated GF Value™ of ARS17,199.92. GuruFocus considers Avery Dennison to be Modestly Undervalued.

Key valuation signals for BUE:AVY:

  • ROE %: 29.06% (11% below median its 10-year median of 32.83)
  • GF Value™: ARS17,199.92 vs. price of ARS14,080.00 (18.1% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 440.7% above the Packaging & Containers median (#14 of 392)

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.
76GF Score

Get the complete analysis for BUE:AVY

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS14,080.00
Price
ARS17,199.92
GF Value