Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.
In short
How the two compare
On the latest closes (28 Oct 2026), Amcor is the larger company by market value ($21.18B against $13.81B). Over the past year Amcor returned +13.7% and Avery Dennison +1.8%, while the S&P 500 returned +12.7%. The latest filed P/E is 18.2 for Amcor and 17.6 for Avery Dennison, and the operating margin 8.1% against 8.8%. Over the next 21 sessions the model expects −0.6% for Amcor, with a 24% chance of a rise, and −0.48% for Avery Dennison, with a 14% chance. Amcor's long-run fair value is $37.67, a gap of −17.5% to its price; the long-run model view is negative. Avery Dennison's long-run fair value is $144.25, a gap of −20.2% to its price; the long-run model view is negative.
Model view
What the model expects
Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.
Model readings:
MeasureAmcor · AMCRAvery Dennison · AVY
Expected returnnext 21 sessions
AMCR−0.6%
AVY−0.48%
Chance of a risenext 21 sessions
AMCR24%
AVY14%
Expected returnnext 63 sessions
AMCR+0.94%
AVY+1.62%
Range of outcomes63 sessions, 80% band
AMCR−16.7% to +18.6%
AVY−15% to +18.3%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
AMCR$37.6728 Oct 2026
AVY$144.2528 Oct 2026
Gap to pricefair value against the close
AMCR−17.5%
AVY−20.2%
Past readings that matchedsign of the 21-session outcome
AMCR57%of 269
AVY48%of 269
Price performance
How the prices moved
Price change over each period, with the S&P 500 (SPY) for comparison.
Closes to
MeasureAmcor · AMCRAvery Dennison · AVY
1 monthS&P 500: +1.1%
AMCR+7.5%
AVY+5.8%
6 monthsS&P 500: +8.5%
AMCR+24.3%
AVY+11.6%
Year to dateS&P 500: +13.3%
AMCR+12.8%
AVY+0.5%
1 yearS&P 500: +12.7%
AMCR+13.7%
AVY+1.8%
5 yearsS&P 500: +70.7%
AMCR−6.9%
AVY−8.3%
1 year against the S&P 500percentage points
AMCR+1.0 pts
AVY−10.9 pts
Position in the 52-week range0% low, 100% high
AMCR72%close $45.66 in $35.66 to $49.46
AVY64%close $180.70 in $151.71 to $197.29
Against the 200-day average
AMCR+7.4%
AVY+5.5%
Valuation
What the market pays
Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.
Filings: quarter to
MeasureAmcor · AMCRAvery Dennison · AVY
Market value
AMCR$21.18B28 Oct 2026
AVY$13.81B28 Oct 2026
Enterprise valueat the last filing
AMCR$32.99B30 Jun 2026
AVY$15.85B30 Jun 2026
P/Elatest filed
AMCR18.2
AVY17.6
Price to book
AMCR1.70
AVY5.34
EV / EBITDA
AMCR9.77
AVY17.27
Free cash flow yield
AMCR6.11%
AVY8.57%
Dividend yield
AMCR5.94%
AVY2.37%
Profitability
How much of revenue becomes profit
Margins and returns on capital from the latest filing; revenue, net income and earnings per share over the trailing twelve months.
Filings: quarter to
MeasureAmcor · AMCRAvery Dennison · AVY
Gross margin
AMCR19.9%
AVY29.6%
Operating margin
AMCR8.1%
AVY8.8%
Net margin
AMCR4.7%
AVY8.3%
Return on equity
AMCR9.4%
AVY30.3%
Return on invested capital
AMCR6.3%
AVY2.6%
Revenuetrailing twelve months
AMCR$23.51B
AVY$9.10B
Net incometrailing twelve months
AMCR$1.11B
AVY$703.10M
Earnings per sharetrailing twelve months
AMCR$2.38
AVY$9.20
Growth
How fast the business grew
Change against the same quarter a year earlier.
Filings: quarter to
MeasureAmcor · AMCRAvery Dennison · AVY
Revenue growthyear over year
AMCR+72.3%
AVY+10.9%
Earnings growthyear over year
AMCR+116.4%
AVY+8%
Free cash flow growthyear over year
AMCR+55.8%
AVY+277.2%
Financial health
Balance sheet and quality scores
Leverage, liquidity and two published scores: Altman Z (below 1.8 the distress zone, above 3 the safe zone) and Piotroski F (0 to 9).
Filings: quarter to
MeasureAmcor · AMCRAvery Dennison · AVY
Debt to equity
AMCR1.19
AVY1.58
Current ratiocurrent assets over current liabilities
AMCR1.25
AVY1.13
Altman Z-score
AMCR1.36
AVY—Not in the latest filing data.
Piotroski F-scoreout of 9
AMCR6 of 9
AVY6 of 9
Trading and risk
How the shares trade
Volatility, sensitivity to the market, the deepest fall, short interest and how closely the two move together.
Closes to ; FINRA settlement
MeasureAmcor · AMCRAvery Dennison · AVY
Volatility21 sessions, annualised
AMCR18.5%
AVY18.5%
Betaagainst the S&P 500, 5 years
AMCR0.59
AVY0.76
Deepest fallpeak to trough, 5 years
AMCR−36.2%
AVY−31.7%
Market regimeour reading at each model date
AMCRStrong risk-off
AVYStrong risk-off
Short interestshare of the float
AMCR4.7%settled 30 Sep 2026
AVY2.5%settled 30 Sep 2026
Days to covershort shares over average volume
AMCR6.6
AVY2.2
Average volume3 months, shares a day
AMCR3.42M
AVY850.91K
Moving togethercorrelation of daily returns, past year0.69, often together−1 opposite0 unrelated+1 together
Questions
Amcor or Avery Dennison: common questions
Which is larger by market value, Amcor or Avery Dennison?
Amcor, at $21.18B against $13.81B for Avery Dennison, on the latest closes (28 Oct 2026).
Which has the higher P/E ratio, Amcor or Avery Dennison?
Amcor has the higher latest filed P/E, 18.2; Avery Dennison's is 17.6. Filings: quarter to 30 Jun 2026.
How did Amcor and Avery Dennison move over the past year against the S&P 500?
Over the past year Amcor returned +13.7% and Avery Dennison +1.8%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.
What does the model expect for Amcor and Avery Dennison over the next month?
−0.6% for Amcor with a 24% chance of a rise, and −0.48% for Avery Dennison with a 14% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.
How do the operating margins of Amcor and Avery Dennison compare?
The operating margin is 8.1% for Amcor and 8.8% for Avery Dennison, and the gross margin 19.9% against 29.6%. Filings: quarter to 30 Jun 2026.
Do Amcor and Avery Dennison shares move together?
Over the past year the correlation of their daily returns was 0.69 (often together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.
In the consoleCompare up to four companies with every model readingMembers see the 63-session chance of a rise and all four horizons, side by side in Research › Compare.
Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.