Avery Dennison Corp (AVY) is slightly overvalued and Smurfit WestRock plc (SW) is overvalued.
Both trade above our estimate of their intrinsic value. AVY is the closer of the two: -6%, against -27% for SW.
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 8.1% (average of 3 methods) values the shares at $36.68; the price of $46.45 is 27% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | AVY | SW |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $172.09 | $46.45 |
| Intrinsic value | $162.49 | $36.68 |
| Margin of safety | -6% | -27% |
| Leak Score | 59/100 (3/12) | 0/100 (2/12) |
| Market cap | $13.0B | $24.3B |
| Revenue growth, 5 years | 4.9% | 26.2% |
| Operating margin | 13.3% | 5.8% |
| Net margin | 7.6% | 1.6% |
| Return on equity | 31.2% | 2.7% |
| Debt to equity | 1.58 | 0.79 |
| P/E | 18.8x | 49.4x |
| Forward P/E | 15.4x | 13.3x |
| P/B | 5.6x | 1.4x |
| Dividend yield | 2.3% | 4.0% |