Avery Dennison Corp
Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin America, and internationally. It provides pressure-sensitive label materials, which consist of papers, plastic films, and metal foils; performance tapes products, including mechanical fasteners, which are precision-extrude… Read more
Avery Dennison Corp (AVY) - Net Assets
Latest net assets as of September 2025: $2.21 Billion USD
Based on the latest financial reports, Avery Dennison Corp (AVY) has net assets worth $2.21 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.87 Billion) and total liabilities ($6.66 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.21 Billion |
| % of Total Assets | 24.94% |
| Annual Growth Rate | 5.26% |
| 5-Year Change | 54.54% |
| 10-Year Change | 140.03% |
| Growth Volatility | 15.64 |
Avery Dennison Corp - Net Assets Trend (1985–2024)
This chart illustrates how Avery Dennison Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Avery Dennison Corp (1985–2024)
The table below shows the annual net assets of Avery Dennison Corp from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.32 Billion | +8.93% |
| 2023-12-31 | $2.13 Billion | +4.71% |
| 2022-12-31 | $2.03 Billion | +5.60% |
| 2021-12-31 | $1.92 Billion | +28.30% |
| 2020-12-31 | $1.50 Billion | +24.58% |
| 2019-12-31 | $1.20 Billion | +26.06% |
| 2018-12-31 | $955.10 Million | -8.71% |
| 2017-12-31 | $1.05 Billion | +13.04% |
| 2016-12-31 | $925.50 Million | -4.16% |
| 2015-12-31 | $965.70 Million | -9.45% |
| 2014-12-31 | $1.07 Billion | -28.53% |
| 2013-12-31 | $1.49 Billion | -5.61% |
| 2012-12-31 | $1.58 Billion | -4.68% |
| 2011-12-31 | $1.66 Billion | +0.78% |
| 2010-12-31 | $1.65 Billion | +20.78% |
| 2009-12-31 | $1.36 Billion | -22.14% |
| 2008-12-31 | $1.75 Billion | -12.03% |
| 2007-12-31 | $1.99 Billion | +18.38% |
| 2006-12-31 | $1.68 Billion | +11.15% |
| 2005-12-31 | $1.51 Billion | -2.38% |
| 2004-12-31 | $1.55 Billion | +17.44% |
| 2003-12-31 | $1.32 Billion | +24.83% |
| 2002-12-31 | $1.06 Billion | +13.66% |
| 2001-12-31 | $929.40 Million | +12.23% |
| 2000-12-31 | $828.10 Million | +2.25% |
| 1999-12-31 | $809.90 Million | -2.81% |
| 1998-12-31 | $833.30 Million | -0.47% |
| 1997-12-31 | $837.20 Million | +0.63% |
| 1996-12-31 | $832.00 Million | +1.99% |
| 1995-12-31 | $815.80 Million | +11.91% |
| 1994-12-31 | $729.00 Million | +1.38% |
| 1993-12-31 | $719.10 Million | -10.40% |
| 1992-12-31 | $802.60 Million | -2.72% |
| 1991-12-31 | $825.00 Million | -2.52% |
| 1990-12-31 | $846.30 Million | +57.13% |
| 1989-12-31 | $538.60 Million | +5.73% |
| 1988-12-31 | $509.40 Million | +9.34% |
| 1987-12-31 | $465.90 Million | +33.11% |
| 1986-12-31 | $350.00 Million | +11.29% |
| 1985-12-31 | $314.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Avery Dennison Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1905.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.15 Billion | 222.77% |
| Common Stock | $124.10 Million | 5.37% |
| Other Comprehensive Income | $-456.10 Million | -19.72% |
| Total Equity | $2.31 Billion | 100.00% |
Avery Dennison Corp Competitors by Market Cap
The table below lists competitors of Avery Dennison Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TKO Group Holdings, Inc.
NYSE:TKO
|
$13.13 Billion |
|
NARI Technology Co Ltd
SHG:600406
|
$13.14 Billion |
|
Tyler Technologies Inc
NYSE:TYL
|
$13.15 Billion |
|
Korea Shipbuilding & Offshore Engineering Co Ltd
KO:009540
|
$13.16 Billion |
|
Shionogi & Co. Ltd
PINK:SGIOF
|
$13.10 Billion |
|
Alfa Laval AB (publ)
PINK:ALFVF
|
$13.09 Billion |
|
CACI International Inc
NYSE:CACI
|
$13.07 Billion |
|
Wiwynn Corp
TW:6669
|
$13.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Avery Dennison Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,127,900,000 to 2,312,300,000, a change of 184,400,000 (8.7%).
- Net income of 704,900,000 contributed positively to equity growth.
- Dividend payments of 277,500,000 reduced retained earnings.
- Share repurchases of 255,900,000 reduced equity.
- Other comprehensive income decreased equity by 48,000,000.
- Other factors increased equity by 60,900,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $704.90 Million | +30.48% |
| Dividends Paid | $277.50 Million | -12.0% |
| Share Repurchases | $255.90 Million | -11.07% |
| Other Comprehensive Income | $-48.00 Million | -2.08% |
| Other Changes | $60.90 Million | +2.63% |
| Total Change | $- | 8.67% |
Book Value vs Market Value Analysis
This analysis compares Avery Dennison Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.97x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 43.19x to 5.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $3.96 | $171.11 | x |
| 1986-12-31 | $4.39 | $171.11 | x |
| 1987-12-31 | $5.46 | $171.11 | x |
| 1988-12-31 | $5.78 | $171.11 | x |
| 1989-12-31 | $6.09 | $171.11 | x |
| 1990-12-31 | $6.83 | $171.11 | x |
| 1991-12-31 | $6.65 | $171.11 | x |
| 1992-12-31 | $6.82 | $171.11 | x |
| 1993-12-31 | $6.40 | $171.11 | x |
| 1994-12-31 | $6.56 | $171.11 | x |
| 1995-12-31 | $7.65 | $171.11 | x |
| 1996-12-31 | $7.71 | $171.11 | x |
| 1997-12-31 | $7.89 | $171.11 | x |
| 1998-12-31 | $8.00 | $171.11 | x |
| 1999-12-31 | $8.00 | $171.11 | x |
| 2000-12-31 | $8.30 | $171.11 | x |
| 2001-12-31 | $9.43 | $171.11 | x |
| 2002-12-31 | $10.63 | $171.11 | x |
| 2003-12-31 | $13.19 | $171.11 | x |
| 2004-12-31 | $15.41 | $171.11 | x |
| 2005-12-31 | $15.04 | $171.11 | x |
| 2006-12-31 | $16.74 | $171.11 | x |
| 2007-12-31 | $20.12 | $171.11 | x |
| 2008-12-31 | $17.73 | $171.11 | x |
| 2009-12-31 | $13.15 | $171.11 | x |
| 2010-12-31 | $15.41 | $171.11 | x |
| 2011-12-31 | $15.53 | $171.11 | x |
| 2012-12-31 | $15.27 | $171.11 | x |
| 2013-12-31 | $14.91 | $171.11 | x |
| 2014-12-31 | $11.14 | $171.11 | x |
| 2015-12-31 | $10.40 | $171.11 | x |
| 2016-12-31 | $10.20 | $171.11 | x |
| 2017-12-31 | $11.61 | $171.11 | x |
| 2018-12-31 | $10.78 | $171.11 | x |
| 2019-12-31 | $14.16 | $171.11 | x |
| 2020-12-31 | $17.83 | $171.11 | x |
| 2021-12-31 | $22.96 | $171.11 | x |
| 2022-12-31 | $24.72 | $171.11 | x |
| 2023-12-31 | $26.24 | $171.11 | x |
| 2024-12-31 | $28.65 | $171.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Avery Dennison Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.05%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 3.63x
- Recent ROE (30.48%) is above the historical average (19.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 15.36% | 5.18% | 1.52x | 1.95x | $16.85 Million |
| 1986 | 13.89% | 4.30% | 1.30x | 2.48x | $13.60 Million |
| 1987 | 7.45% | 2.37% | 1.39x | 2.26x | $-11.89 Million |
| 1988 | 15.25% | 4.91% | 1.41x | 2.20x | $26.76 Million |
| 1989 | 16.06% | 4.99% | 1.52x | 2.12x | $32.64 Million |
| 1990 | 0.70% | 0.23% | 1.37x | 2.23x | $-78.73 Million |
| 1991 | 7.64% | 2.48% | 1.46x | 2.11x | $-19.50 Million |
| 1992 | 9.98% | 3.05% | 1.56x | 2.10x | $-160.00K |
| 1993 | 11.74% | 3.24% | 1.59x | 2.28x | $12.49 Million |
| 1994 | 15.01% | 3.83% | 1.62x | 2.42x | $36.50 Million |
| 1995 | 17.61% | 4.61% | 1.59x | 2.41x | $62.12 Million |
| 1996 | 21.14% | 5.46% | 1.58x | 2.45x | $92.70 Million |
| 1997 | 24.46% | 6.12% | 1.63x | 2.44x | $121.08 Million |
| 1998 | 26.80% | 6.45% | 1.61x | 2.57x | $139.97 Million |
| 1999 | 26.60% | 5.72% | 1.45x | 3.20x | $134.41 Million |
| 2000 | 34.23% | 7.28% | 1.44x | 3.26x | $200.69 Million |
| 2001 | 26.17% | 6.39% | 1.35x | 3.03x | $150.26 Million |
| 2002 | 24.35% | 6.11% | 1.15x | 3.46x | $151.56 Million |
| 2003 | 20.32% | 5.63% | 1.16x | 3.11x | $136.03 Million |
| 2004 | 18.06% | 5.26% | 1.21x | 2.84x | $124.83 Million |
| 2005 | 14.97% | 4.14% | 1.30x | 2.78x | $75.21 Million |
| 2006 | 21.85% | 6.59% | 1.30x | 2.55x | $199.15 Million |
| 2007 | 15.26% | 4.81% | 1.01x | 3.14x | $104.56 Million |
| 2008 | 15.21% | 3.97% | 1.11x | 3.45x | $91.10 Million |
| 2009 | -54.80% | -12.54% | 1.19x | 3.67x | $-882.96 Million |
| 2010 | 19.26% | 5.48% | 1.13x | 3.10x | $152.33 Million |
| 2011 | 11.46% | 3.15% | 1.21x | 3.00x | $24.25 Million |
| 2012 | 13.63% | 3.57% | 1.18x | 3.23x | $57.31 Million |
| 2013 | 14.46% | 3.51% | 1.33x | 3.09x | $66.58 Million |
| 2014 | 23.34% | 3.93% | 1.43x | 4.14x | $142.25 Million |
| 2015 | 28.40% | 4.60% | 1.44x | 4.28x | $177.73 Million |
| 2016 | 34.65% | 5.27% | 1.38x | 4.75x | $228.15 Million |
| 2017 | 26.94% | 4.26% | 1.29x | 4.91x | $177.18 Million |
| 2018 | 48.94% | 6.53% | 1.38x | 5.42x | $371.89 Million |
| 2019 | 25.22% | 4.29% | 1.29x | 4.56x | $183.20 Million |
| 2020 | 37.06% | 7.97% | 1.14x | 4.07x | $405.91 Million |
| 2021 | 38.46% | 8.80% | 1.05x | 4.14x | $547.66 Million |
| 2022 | 37.26% | 8.38% | 1.14x | 3.91x | $553.88 Million |
| 2023 | 23.64% | 6.01% | 1.02x | 3.86x | $290.21 Million |
| 2024 | 30.48% | 8.05% | 1.04x | 3.63x | $473.67 Million |
Industry Comparison
This section compares Avery Dennison Corp's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $2,632,476,417
- Average return on equity (ROE) among peers: -18.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Avery Dennison Corp (AVY) | $2.21 Billion | 15.36% | 3.01x | $13.11 Billion |
| Alliance Creative Group, Inc (ACGX) | $2.12 Million | 12.57% | 1.98x | $208.71K |
| Advanced Container Technologies Inc (ACTX) | $970.86K | -145.07% | 1.77x | $670.31 |
| Ardagh Metal Packaging SA (AMBP) | $286.00 Million | -73.43% | 17.62x | $605.72 Million |
| Amcor PLC (AMCR) | $11.74 Billion | 4.35% | 2.16x | $18.72 Billion |
| Ball Corporation (BALL) | $3.30 Billion | 7.98% | 3.91x | $16.41 Billion |
| Berry Global Group Inc (BERY) | $-128.00 Million | 0.00% | 0.00x | $7.83 Billion |
| Cascades Inc (CADNF) | $1.96 Billion | 10.12% | 1.77x | $571.95 Million |
| CCL Industries Inc (CCDBF) | $3.28 Billion | 16.14% | 1.24x | $7.23 Billion |
| Crown Holdings Inc (CCK) | $3.25 Billion | 3.23% | 2.83x | $11.67 Billion |