Avery Dennison (AV3) Ratios
Avery Dennison Ratios
DE:AV3's free cash flow for Q3 2026 was $244.60M. For the 2026 fiscal year, DE:AV3's free cash flow was decreased by $-54.20M and operating cash flow was $298.80M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.13 | 1.08 | 1.04 | 0.99 | 1.07 |
| Quick Ratio | 0.76 | 0.73 | 0.69 | 0.63 | 0.72 |
| Cash Ratio | 0.08 | 0.11 | 0.08 | 0.06 | 0.06 |
| Solvency Ratio | 0.15 | 0.17 | 0.13 | 0.18 | 0.16 |
| Operating Cash Flow Ratio | 0.33 | 0.33 | 0.31 | 0.34 | 0.41 |
| Short-Term Operating Cash Flow Coverage | 1.69 | 1.59 | 1.33 | 1.61 | 3.28 |
| Net Current Asset Value | $ -3.57B | $ -3.01B | $ -3.29B | $ -3.14B | $ -3.31B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.42 | 0.38 | 0.40 | 0.39 | 0.39 |
| Debt-to-Equity Ratio | 1.66 | 1.36 | 1.52 | 1.53 | 1.61 |
| Debt-to-Capital Ratio | 0.62 | 0.58 | 0.60 | 0.60 | 0.62 |
| Long-Term Debt-to-Capital Ratio | 0.59 | 0.53 | 0.55 | 0.55 | 0.59 |
| Financial Leverage Ratio | 3.93 | 3.63 | 3.86 | 3.91 | 4.14 |
| Debt Service Coverage Ratio | 1.75 | 1.60 | 1.24 | 1.66 | 2.72 |
| Interest Coverage Ratio | 8.15 | 9.64 | 8.02 | 12.75 | 14.81 |
| Debt to Market Cap | 0.27 | 0.21 | 0.20 | 0.21 | 0.17 |
| Interest Debt Per Share | 49.98 | 40.66 | 41.68 | 39.05 | 38.30 |
| Net Debt to EBITDA | 2.54 | 2.04 | 2.72 | 2.14 | 2.25 |
| Profitability Margins | |||||
| Gross Profit Margin | 28.75% | 28.87% | 27.19% | 26.54% | 27.46% |
| EBIT Margin | 11.98% | 12.23% | 9.73% | 11.99% | 12.64% |
| EBITDA Margin | 15.68% | 15.79% | 13.30% | 15.20% | 15.54% |
| Operating Profit Margin | 12.47% | 12.88% | 11.42% | 11.86% | 12.37% |
| Pretax Profit Margin | 10.45% | 10.89% | 8.31% | 11.06% | 11.76% |
| Net Profit Margin | 7.77% | 8.05% | 6.01% | 8.38% | 8.80% |
| Continuous Operations Profit Margin | 7.77% | 8.05% | 6.01% | 8.38% | 8.80% |
| Net Income Per EBT | 74.37% | 73.93% | 72.41% | 75.76% | 74.86% |
| EBT Per EBIT | 83.80% | 84.58% | 72.75% | 93.21% | 95.09% |
| Return on Assets (ROA) | 7.82% | 8.39% | 6.13% | 9.52% | 9.28% |
| Return on Equity (ROE) | 30.69% | 30.48% | 23.64% | 37.26% | 38.46% |
| Return on Capital Employed (ROCE) | 17.96% | 20.34% | 17.33% | 20.81% | 19.17% |
| Return on Invested Capital (ROIC) | 12.31% | 13.59% | 11.27% | 14.13% | 13.55% |
| Return on Tangible Assets | 12.07% | 12.43% | 9.41% | 14.43% | 14.29% |
| Earnings Yield | 4.89% | 4.65% | 3.08% | 5.13% | 4.12% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.89 | 5.97 | 5.91 | 6.58 | 5.90 |
| Payables Turnover | 5.00 | 4.65 | 4.77 | 4.96 | 4.70 |
| Inventory Turnover | 6.47 | 6.37 | 6.61 | 6.58 | 6.72 |
| Fixed Asset Turnover | 5.51 | 5.52 | 5.14 | 5.87 | 5.69 |
| Asset Turnover | 1.01 | 1.04 | 1.02 | 1.14 | 1.05 |
| Working Capital Turnover Ratio | 32.04 | 56.02 | 212.56 | 107.04 | 24.84 |
| Cash Conversion Cycle | 45.45 | 39.87 | 40.38 | 37.39 | 38.40 |
| Days of Sales Outstanding | 61.99 | 61.12 | 61.74 | 55.50 | 61.84 |
| Days of Inventory Outstanding | 56.45 | 57.32 | 55.18 | 55.51 | 54.29 |
| Days of Payables Outstanding | 72.99 | 78.57 | 76.54 | 73.61 | 77.73 |
| Operating Cycle | 118.44 | 118.44 | 116.92 | 111.01 | 116.13 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 11.39 | 11.68 | 10.24 | 11.78 | 12.63 |
| Free Cash Flow Per Share | 9.20 | 9.08 | 6.70 | 8.12 | 9.34 |
| Dividend Paid and CapEx Coverage Ratio | 1.93 | 1.93 | 1.52 | 1.79 | 2.12 |
| Capital Expenditure Coverage Ratio | 5.22 | 4.50 | 2.90 | 3.22 | 3.85 |
| Operating Cash Flow Coverage Ratio | 0.24 | 0.30 | 0.25 | 0.31 | 0.34 |
| Operating Cash Flow to Sales Ratio | 0.10 | 0.11 | 0.10 | 0.11 | 0.12 |
| Free Cash Flow Yield | 5.06% | 4.82% | 3.32% | 4.49% | 4.31% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 20.67 | 21.59 | 32.43 | 19.51 | 24.26 |
| Price-to-Sales (P/S) Ratio | 1.59 | 1.73 | 1.95 | 1.63 | 2.14 |
| Price-to-Book (P/B) Ratio | 6.28 | 6.55 | 7.67 | 7.27 | 9.33 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 19.76 | 20.76 | 30.16 | 22.29 | 23.17 |
| Price-to-Operating Cash Flow Ratio | 15.97 | 16.14 | 19.75 | 15.37 | 17.15 |
| Price-to-Earnings Growth (PEG) Ratio | 25.78 | 0.54 | -0.99 | 4.98 | 0.72 |
| Enterprise Value Multiple | 12.68 | 13.00 | 17.39 | 12.88 | 15.99 |
| Enterprise Value | 17.61B | 17.98B | 19.34B | 17.70B | 20.90B |
| EV to EBITDA | 12.68 | 13.00 | 17.39 | 12.88 | 15.99 |
| EV to Sales | 1.99 | 2.05 | 2.31 | 1.96 | 2.49 |
| EV to Free Cash Flow | 24.72 | 24.63 | 35.76 | 26.72 | 26.97 |
| EV to Operating Cash Flow | 19.98 | 19.15 | 23.42 | 18.42 | 19.96 |
| Tangible Book Value Per Share | -11.08 | -5.14 | -9.11 | -8.22 | -10.48 |
| Shareholders’ Equity Per Share | 28.97 | 28.76 | 26.37 | 24.90 | 23.21 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.26 | 0.26 | 0.28 | 0.24 | 0.25 |
| Revenue Per Share | 114.41 | 108.90 | 103.65 | 110.78 | 101.43 |
| Net Income Per Share | 8.89 | 8.77 | 6.23 | 9.28 | 8.93 |
| Tax Burden | 0.74 | 0.74 | 0.72 | 0.76 | 0.75 |
| Interest Burden | 0.87 | 0.89 | 0.85 | 0.92 | 0.93 |
| Research & Development to Revenue | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 |
| SG&A to Revenue | 0.16 | 0.14 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Income Quality | 1.28 | 1.33 | 1.64 | 1.27 | 1.41 |
Currency in USD