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Avery Dennison (Avery Dennison) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Avery Dennison Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Avery Dennison Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Avery Dennison's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

Avery Dennison Cyclically Adjusted Price-to-FCF Chart

Avery Dennison Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.44 40.25 45.66 33.46 33.29

Avery Dennison Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 32.30 30.27 30.27 33.29 -

Competitive Comparison of Avery Dennison's Cyclically Adjusted Price-to-FCF

For the Packaging & Containers subindustry, Avery Dennison's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Avery Dennison's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Avery Dennison's Cyclically Adjusted Price-to-FCF falls into.



Avery Dennison Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Avery Dennison's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Avery Dennison's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.791/129.4194*129.4194
=0.791

Current CPI (Mar. 2024) = 129.4194.

Avery Dennison Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.863 100.560 1.111
201409 1.570 100.428 2.023
201412 1.102 99.070 1.440
201503 -0.239 99.621 -0.310
201506 1.420 100.684 1.825
201509 0.790 100.392 1.018
201512 1.492 99.792 1.935
201603 -0.368 100.470 -0.474
201606 2.008 101.688 2.556
201609 1.055 101.861 1.340
201612 1.457 101.863 1.851
201703 -0.259 102.862 -0.326
201706 1.307 103.349 1.637
201709 1.789 104.136 2.223
201712 1.827 104.011 2.273
201803 -0.300 105.290 -0.369
201806 1.607 106.317 1.956
201809 -0.933 106.507 -1.134
201812 1.927 105.998 2.353
201903 -0.141 107.251 -0.170
201906 1.855 108.070 2.221
201909 1.895 108.329 2.264
201912 2.156 108.420 2.574
202003 -0.416 108.902 -0.494
202006 1.720 108.767 2.047
202009 2.705 109.815 3.188
202012 2.327 109.897 2.740
202103 2.167 111.754 2.510
202106 2.444 114.631 2.759
202109 2.817 115.734 3.150
202112 1.824 117.630 2.007
202203 0.854 121.301 0.911
202206 2.519 125.017 2.608
202209 1.714 125.227 1.771
202212 2.995 125.222 3.095
202303 -0.833 127.348 -0.847
202306 1.636 128.729 1.645
202309 3.225 129.860 3.214
202312 2.662 129.419 2.662
202403 0.791 129.419 0.791

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

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.


Avery Dennison  (NYSE:AVY) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Avery Dennison Cyclically Adjusted Price-to-FCF Related Terms

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Avery Dennison (Avery Dennison) Business Description

Traded in Other Exchanges
Address
8080 Norton Parkway, Mentor, OH, USA, 44060
Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.
Executives
Ignacio J Walker officer: VP and Chief Legal Officer 207 GOODE AVE, GLENDALE CA 91203
Divina Fe Santiago officer: VP Controller 8080 NORTON PARKWAY, MENTOR OH 44060
Julia A Stewart director 4551 WEST 107TH STREET STE 100, C/O APPLEBEES INTERNATIONAL INC, OVERLAND PARK KS 66207
Francisco Melo officer: President, Solutions Group 8080 NORTON PARKWAY, MENTOR OH 44060
Hassan Rmaile officer: President, Materials Group 1200 WILLOW LAKE BLVD, P.O. BOX 64683, ST. PAUL MN 55110
Andres Alberto Lopez director ONE MICHAEL OWENS WAY, PERRYSBURG OH 43551
Francesca Reverberi director C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312
Anthony Anderson director 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Martha N. Sullivan director 529 PLEASANT STREET, MS B-7, ATTLEBORO MA 02703
William Raymond Wagner director C/O VOCUS, INC., 4296 FORBES BOULEVARD, LANHAM MD 20706
Bradley A Alford director 150 N ORANGE GROVE BLVD, PASADENA CA 91103
Deena Baker-nel officer: VP & Chief HR Officer 207 GOODE AVE, GLENDALE CA 91203
Gregory Lovins officer: V.P. and Interim CFO 207 GOODE AVENUE, GLENDALE CA 91203
Ken C Hicks director 150 N. ORANGE GROVE BLVD, PASADENA CA 91103
Nicholas Colisto officer: VP & Chief Information Officer C/O AVERY DENNISON CORPORATION, 207 GOODE AVE, GLENDALE CA 91203

Avery Dennison (Avery Dennison) Headlines