Start with its own history
At 19.83×, AVY is 20.5% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · AVYPackaging & ContainersUpdated Nov 5, 2026
Avery Dennison Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
19.83×
20.5% belowthe 10-year annual average
Share price192.59
÷Earnings per share9.71
Price and EPS in quote currency. Calculation details
Investors are paying 19.83 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 24.95×
3-year average24.90×3 positive annual observations
5-year average23.69×5 positive annual observations
10-year average24.95×10 positive annual observations
Peer median · TTM19.06×4 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 20.67× | -4.3% |
| Dec 28, 2024 | 21.59× | -33.5% |
| Dec 30, 2023 | 32.45× | +66.4% |
| Dec 31, 2022 | 19.50× | -19.6% |
| Jan 1, 2022 | 24.25× | +4.3% |
| Jan 2, 2021 | 23.25× | -36.2% |
| Dec 28, 2019 | 36.46× | +126.5% |
| Dec 29, 2018 | 16.09× | -55.2% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 30, 2017 | 35.89× | +85.6% |
| Dec 31, 2016 | 19.34× | -7.1% |
| Jan 2, 2016 | 20.82× | +9.7% |
| Jan 3, 2015 | 18.97× | -15.8% |
| Dec 28, 2013 | 22.54× | +41.5% |
| Dec 29, 2012 | 15.93× | -1.2% |
| Dec 31, 2011 | 16.11× | +10.4% |
| Jan 1, 2011 | 14.60× | N/M |
| Jan 2, 2010 | N/M | N/M |
| Dec 27, 2008 | 11.68× | -32.4% |
| Dec 29, 2007 | 17.28× | -4.8% |
| Dec 30, 2006 | 18.16× | -25.4% |
| Dec 31, 2005 | 24.35× | +13.7% |
| Jan 1, 2005 | 21.42× | +5.3% |
| Dec 27, 2003 | 20.34× | -10.1% |
| Dec 28, 2002 | 22.62× | +0.2% |
| Dec 29, 2001 | 22.57× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How AVY compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 AVY This stockAvery Dennison Corporation | 19.83× |
 CCLLFCCL Industries Inc. | 21.41× |
 NDEKFNitto Denko Corporation | 16.75× |
 EBFEnnis, Inc. | 13.71× |
 KRTKarat Packaging Inc. | 21.37× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does AVY’s P/E tell you?
Compare like with like
The median of the 4 positive peer ratios above is 19.06×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take AVY into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("AVY", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 192.59 ÷ EPS 9.71 = 19.83×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
AVY P/E ratio: common questions
The essentials behind the numbers.
Avery Dennison Corporation's current P/E is 19.83× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.