Amcor Plc (AMCR) is slightly undervalued and Avery Dennison Corp (AVY) is slightly overvalued.
Against our estimates of intrinsic value, AMCR trades at the wider discount: a margin of safety of +13%, against -6% for AVY.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.1% (average of 3 methods) values the shares at $49.91; the price of $43.24 is 13% below that value, and 83% of that value comes from beyond year five.
Leak Score 30/100 on 2 of 12 signals
Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $162.49; the price of $172.09 is 6% above that value, and 78% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | AMCR | AVY |
|---|---|---|
| Verdict | Slightly undervalued | Slightly overvalued |
| Price | $43.24 | $172.09 |
| Intrinsic value | $49.91 | $162.49 |
| Margin of safety | +13% | -6% |
| Leak Score | 30/100 (2/12) | 59/100 (3/12) |
| Market cap | $20.0B | $13.0B |
| Revenue growth, 5 years | 12.8% | 4.9% |
| Operating margin | 8.6% | 13.3% |
| Net margin | 4.7% | 7.6% |
| Return on equity | 9.4% | 31.2% |
| Debt to equity | 1.28 | 1.58 |
| P/E | 18.1x | 18.8x |
| Forward P/E | — | 15.4x |
| P/B | 1.7x | 5.6x |
| Dividend yield | 6.0% | 2.3% |