Avery Dennison (MEX:AVY) Shiller PE Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:AVY Avery Dennison Corp MEX:AVY
56 GF Score
Price MXN3,040.00
GF Value MXN5,496.91
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Avery Dennison Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Avery Dennison  (MEX:AVY) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Avery Dennison Shiller PE Ratio Related Terms


Avery Dennison Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Avery Dennison's Shiller PE 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 Shiller PE Ratio Chart

Avery Dennison Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 34.24 30.90

Avery Dennison Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE 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 31.89 31.22 30.73 29.88 29.07

MEX:AVY vs CCK, BALL, IP: Shiller PE Ratio Comparison

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

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

* The bar in red indicates where Avery Dennison's Shiller PE Ratio falls into.


MEX:AVY
56GF Score
Avery Dennison Corp MEX:AVY
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Avery Dennison Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Avery Dennison's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Avery Dennison's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=46.4707/333.9520*333.9520
=46.471

Current CPI (Jun. 2026) = 333.9520.

Avery Dennison Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 18.446 241.428 25.515
201612 13.653 241.432 18.885
201703 25.378 243.801 34.762
201706 24.857 244.955 33.888
201709 21.399 246.819 28.954
201712 -12.837 246.524 -17.389
201803 26.223 249.554 35.092
201806 20.763 251.989 27.516
201809 32.078 252.439 42.436
201812 22.074 251.233 29.342
201903 -33.461 254.202 -43.959
201906 32.230 256.143 42.021
201909 33.134 256.759 43.095
201912 37.025 256.974 48.116
202003 31.987 258.115 41.385
202006 22.186 257.797 28.740
202009 39.604 260.280 50.813
202012 46.807 260.474 60.011
202103 50.832 264.877 64.087
202106 43.917 271.696 53.980
202109 39.271 274.310 47.810
202112 45.364 278.802 54.337
202203 48.966 287.504 56.877
202206 52.389 296.311 59.044
202209 54.750 296.808 61.602
202212 29.654 296.797 33.366
202303 27.745 301.836 30.697
202306 21.938 305.109 24.012
202309 29.138 307.789 31.614
202312 31.029 306.746 33.781
202403 36.168 312.332 38.671
202406 37.636 314.175 40.005
202409 42.569 315.301 45.087
202412 43.491 315.605 46.019
202503 42.748 319.799 44.640
202506 47.132 322.561 48.796
202509 39.725 324.800 40.844
202512 39.348 324.054 40.550
202603 38.336 330.213 38.770
202606 46.471 333.952 46.471

Add all the adjusted EPS together and divide 10 will get our E10.

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.

Is Avery Dennison (MEX:AVY) Overvalued in 2026?

Based on GuruFocus' analysis, Avery Dennison stock appears to be undervalued. The current stock price of MXN3,040.00 is trading 44.7% below its estimated GF Value™ of MXN5,496.91. GuruFocus considers Avery Dennison to be Significantly Undervalued.

Key valuation signals for MEX:AVY:

  • Shiller PE Ratio:
  • GF Value™: MXN5,496.91 vs. price of MXN3,040.00 (44.7% below fair value)
  • GF Score™: 56/100 with 3 warning signs

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 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.
56GF Score

Get the complete analysis for MEX:AVY

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

MXN3,040.00
Price
MXN5,496.91
GF Value