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AVY vs. LIN: Avery Dennison vs. Linde Stock Comparison

How do Avery Dennison (AVY) and Linde (LIN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Avery Dennison (AVY) and Linde (LIN) both fall under the Materials industry group, but AVY is classified in Containers & Packaging while LIN is classified in Chemicals.

Company profile comparison for Avery Dennison (AVY) and Linde (LIN)
Profile ItemAVYLIN
NameAvery Dennison CorporationLinde plc
Country/RegionUnited StatesUnited Kingdom
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryContainers & PackagingChemicals
GICS Sub-IndustryPaper & Plastic Packaging Products & MaterialsIndustrial Gases
Market Capitalization14.10 billion USD236.54 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateFebruary 21, 1973June 17, 1992
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

AVY
LIN
GSPC
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Avery Dennison (AVY) vs. Linde (LIN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Avery Dennison (AVY) and Linde (LIN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Avery Dennison (AVY) and Linde (LIN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Avery Dennison (AVY) and Linde (LIN)
MetricAVYLIN
Total Return (1Y)10.80%25.64%
Total Return (3Y, Annualized)3.97%11.48%
Total Return (5Y, Annualized)-1.88%10.50%

Risk Profile

Drawdown History

AVY
LIN
GSPC
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Avery Dennison (AVY) vs. Linde (LIN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Avery Dennison (AVY) and Linde (LIN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Avery Dennison (AVY) and Linde (LIN)
MetricAVYLIN
Volatility (1Y, Annualized)24.05%19.00%
Beta (5Y)0.750.67
Max Drawdown (5Y)-31.73%-22.82%
Avg. Volume (3M)836.04K2.05M

Risk-Adjusted Performance

Risk-Return Positioning

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AVY and LIN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Avery Dennison (AVY) and Linde (LIN)
MetricAVYLIN
Sharpe Ratio (1Y)0.271.12
Sortino Ratio (1Y)0.431.65

Profitability

ROE (TTM)

Avery Dennison (AVY) at 30.80% sits in the top ROE quartile, while Linde (LIN) at 17.72% is closer to the peer norm — stronger capital efficiency for AVY.

AVY

Materials industry group

30.80%

Max
52.88%
AVY
30.80%
Q3
19.49%
Median
8.76%
Q1
-3.41%
Min
-32.81%

LIN

Materials industry group

17.72%

Max
52.88%
Q3
19.49%
LIN
17.72%
Median
8.76%
Q1
-3.41%
Min
-32.81%
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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Linde (LIN) at 19.34% retains a top-quartile share of revenue as profit, ahead of Avery Dennison (AVY) at 7.56%, which keeps about the industry-typical share.

AVY

Materials industry group

7.56%

Max
38.66%
Q3
15.98%
AVY
7.56%
Median
5.28%
Q1
0.00%
Min
-20.40%

LIN

Materials industry group

19.34%

Max
38.66%
LIN
19.34%
Q3
15.98%
Median
5.28%
Q1
0.00%
Min
-20.40%
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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Avery Dennison (AVY) at 12.10% and Linde (LIN) at 27.97% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

AVY

Materials industry group

12.10%

Max
66.70%
Q3
28.92%
Median
12.56%
AVY
12.10%
Q1
3.28%
Min
-14.07%

LIN

Materials industry group

27.97%

Max
66.70%
Q3
28.92%
LIN
27.97%
Median
12.56%
Q1
3.28%
Min
-14.07%
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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Avery Dennison (AVY) and Linde (LIN)
MetricAVYLIN
ROE (TTM)30.80%17.72%
ROA (TTM)8.28%7.17%
Net Margin (TTM)7.56%19.34%
Operating Margin (TTM)12.10%27.97%
Gross Margin (TTM)28.83%47.86%

Growth

Revenue Growth

Both Avery Dennison (AVY) at 1.14% and Linde (LIN) at 2.97% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Avery Dennison (AVY) at 0.69% and Linde (LIN) at 7.27% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Avery Dennison (AVY) and Linde (LIN)
MetricAVYLIN
Revenue Growth (YoY)1.14%2.97%
Revenue Growth (3Y CAGR)-0.68%0.62%
EPS Growth (YoY)0.69%7.27%
EPS Growth (3Y CAGR)-1.54%21.08%

Financial Strength

Current Ratio (MRQ)

Both Avery Dennison (AVY) at 1.16 and Linde (LIN) at 0.86 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

AVY

Materials industry group

1.16

Max
5.96
Q3
3.30
Median
2.24
Q1
1.45
AVY
1.16
Min
0.16

LIN

Materials industry group

0.86

Max
5.96
Q3
3.30
Median
2.24
Q1
1.45
LIN
0.86
Min
0.16
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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Linde (LIN) at 0.65 carries an industry-typical debt-to-equity mix, while Avery Dennison (AVY) at 1.52 uses more debt funding than most peers.

AVY

Materials industry group

1.52

Max
1.98
AVY
1.52
Q3
0.89
Median
0.47
Q1
0.13
Min
0.00

LIN

Materials industry group

0.65

Max
1.98
Q3
0.89
LIN
0.65
Median
0.47
Q1
0.13
Min
0.00
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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Avery Dennison (AVY) and Linde (LIN)
MetricAVYLIN
Current Ratio (MRQ)1.160.86
Debt / Equity (MRQ)1.520.65
Net Debt / EBITDA2.201.65

Dividends

Dividend Yield (TTM)

Avery Dennison (AVY) at 2.05% delivers top-quartile income for its industry, while Linde (LIN) at 1.21% pays a more typical yield — both are credible income propositions, AVY the richer one.

AVY

Materials industry group

2.05%

Max
4.52%
AVY
2.05%
Q3
1.85%
Median
0.38%
Q1
0.00%
Min
0.00%

LIN

Materials industry group

1.21%

Max
4.52%
Q3
1.85%
LIN
1.21%
Median
0.38%
Q1
0.00%
Min
0.00%
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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Avery Dennison (AVY) at 41.99% and Linde (LIN) at 41.83% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

AVY

Materials industry group

41.99%

Max
83.62%
AVY
41.99%
Q3
41.37%
Median
9.54%
Q1
0.00%
Min
0.00%

LIN

Materials industry group

41.83%

Max
83.62%
LIN
41.83%
Q3
41.37%
Median
9.54%
Q1
0.00%
Min
0.00%
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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Avery Dennison (AVY) and Linde (LIN)
MetricAVYLIN
Dividend Yield (TTM)2.05%1.21%
Dividend Payout Ratio (TTM)41.99%41.83%

Valuation

P/E Ratio (TTM)

Avery Dennison (AVY) at 20.21 is near its industry’s usual P/E ratio, while Linde (LIN) at 34.21 sits in the richer quartile — LIN needs stronger growth or earnings quality to justify the premium.

AVY

Materials industry group

20.21

Max
59.00
Q3
32.93
AVY
20.21
Median
18.82
Q1
11.96
Min
3.93

LIN

Materials industry group

34.21

Max
59.00
LIN
34.21
Q3
32.93
Median
18.82
Q1
11.96
Min
3.93
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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Avery Dennison (AVY) at 1.51 is priced about in line with its industry on P/S ratio, while Linde (LIN) at 6.53 sits in the pricier quartile — LIN costs more per dollar of sales.

AVY

Materials industry group

1.51

Max
9.62
Q3
4.34
Median
1.87
AVY
1.51
Q1
0.73
Min
0.00

LIN

Materials industry group

6.53

Max
9.62
LIN
6.53
Q3
4.34
Median
1.87
Q1
0.73
Min
0.00
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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Both Avery Dennison (AVY) at 5.91 and Linde (LIN) at 6.00 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

AVY

Materials industry group

5.91

Max
6.59
AVY
5.91
Q3
3.55
Median
2.08
Q1
1.26
Min
-0.17

LIN

Materials industry group

6.00

Max
6.59
LIN
6.00
Q3
3.55
Median
2.08
Q1
1.26
Min
-0.17
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Avery Dennison (AVY) vs. Linde (LIN): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Avery Dennison (AVY) and Linde (LIN)
MetricAVYLIN
P/E Ratio (TTM)20.2134.21
P/S Ratio (TTM)1.516.53
P/B Ratio (MRQ)5.916.00
Free Cash Flow Yield (TTM)6.90%1.77%