Avery Dennison Corp (AVY) is slightly overvalued and Crown Holdings Inc (CCK) is undervalued.
Against our estimates of intrinsic value, CCK trades at the wider discount: a margin of safety of +33%, against -6% for AVY.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 7.3% (average of 3 methods) values the shares at $163.13; the price of $109.64 is 33% below that value, and 82% of that value comes from beyond year five.
Leak Score 70/100 on 3 of 12 signals
| Metric | AVY | CCK |
|---|---|---|
| Verdict | Slightly overvalued | Undervalued |
| Price | $172.09 | $109.64 |
| Intrinsic value | $162.49 | $163.13 |
| Margin of safety | -6% | +33% |
| Leak Score | 59/100 (3/12) | 70/100 (3/12) |
| Market cap | $13.0B | $11.9B |
| Revenue growth, 5 years | 4.9% | 5.7% |
| Operating margin | 13.3% | 12.8% |
| Net margin | 7.6% | 5.9% |
| Return on equity | 31.2% | 27.2% |
| Debt to equity | 1.58 | 2.19 |
| P/E | 18.8x | 15.8x |
| Forward P/E | 15.4x | 12.1x |
| P/B | 5.6x | 4.3x |
| Dividend yield | 2.3% | 1.3% |