AVY vs. MT: Avery Dennison vs. ArcelorMittal Stock Comparison

November 11, 2026

How do Avery Dennison (AVY) and ArcelorMittal (MT) 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 ArcelorMittal (MT) both fall under the Materials industry group, but AVY is classified in Containers & Packaging while MT is classified in Metals & Mining.

Avery Dennison (AVY) trades as ordinary local shares, while ArcelorMittal (MT) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Avery Dennison (AVY) and ArcelorMittal (MT)
Profile Item	AVY	MT
Name	Avery Dennison Corporation	ArcelorMittal NY Registry Shares
Country/Region	United States	Luxembourg
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Containers & Packaging	Metals & Mining
GICS Sub-Industry	Paper & Plastic Packaging Products & Materials	Steel
Market Capitalization	14.10 billion USD	45.85 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	August 7, 1997
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

AVY

GSPC

Avery Dennison (AVY) vs. ArcelorMittal (MT), 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 ArcelorMittal (MT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Avery Dennison (AVY) and ArcelorMittal (MT)
Metric	AVY	MT
Total Return (1Y)	10.80%	65.49%
Total Return (3Y, Annualized)	3.97%	45.03%
Total Return (5Y, Annualized)	-1.88%	16.55%

Risk Profile

Drawdown History

AVY

GSPC

Avery Dennison (AVY) vs. ArcelorMittal (MT), 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 ArcelorMittal (MT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Avery Dennison (AVY) and ArcelorMittal (MT)
Metric	AVY	MT
Volatility (1Y, Annualized)	24.05%	44.08%
Beta (5Y)	0.75	1.49
Max Drawdown (5Y)	-31.73%	-45.99%
Avg. Volume (3M)	836.04K	1.35M

Risk-Adjusted Performance

Risk-Return Positioning

AVY and MT 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 ArcelorMittal (MT)
Metric	AVY	MT
Sharpe Ratio (1Y)	0.27	1.39
Sortino Ratio (1Y)	0.43	2.23

Profitability

ROE (TTM)

Avery Dennison (AVY) at 30.80% sits in the top ROE quartile, while ArcelorMittal (MT) at 1.83% 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%

MT

Materials industry group

1.83%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
MT: 1.83%
Q1: -3.41%
Min: -32.81%

Avery Dennison (AVY) vs. ArcelorMittal (MT): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Both Avery Dennison (AVY) at 7.56% and ArcelorMittal (MT) at 1.64% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

AVY

Materials industry group

7.56%

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

MT

Materials industry group

1.64%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
MT: 1.64%
Q1: 0.00%
Min: -20.40%

Avery Dennison (AVY) vs. ArcelorMittal (MT): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Avery Dennison (AVY) at 12.10% and ArcelorMittal (MT) at 6.16% 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%

MT

Materials industry group

6.16%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
MT: 6.16%
Q1: 3.28%
Min: -14.07%

Avery Dennison (AVY) vs. ArcelorMittal (MT): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Avery Dennison (AVY) and ArcelorMittal (MT)
Metric	AVY	MT
ROE (TTM)	30.80%	1.83%
ROA (TTM)	8.28%	1.31%
Net Margin (TTM)	7.56%	1.64%
Operating Margin (TTM)	12.10%	6.16%
Gross Margin (TTM)	28.83%	8.16%

Growth

Revenue Growth

Avery Dennison (AVY) at 1.14% is around its peer norm for revenue growth, while ArcelorMittal (MT) at -1.74% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

ArcelorMittal (MT) at 143.20% sits in the top EPS growth quartile, while Avery Dennison (AVY) at 0.69% is closer to the peer norm — faster per-share earnings growth for MT.

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

Growth Metrics

Growth metrics for Avery Dennison (AVY) and ArcelorMittal (MT)
Metric	AVY	MT
Revenue Growth (YoY)	1.14%	-1.74%
Revenue Growth (3Y CAGR)	-0.68%	-8.41%
EPS Growth (YoY)	0.69%	143.20%
EPS Growth (3Y CAGR)	-1.54%	-26.09%

Financial Strength

Current Ratio (MRQ)

Both Avery Dennison (AVY) at 1.16 and ArcelorMittal (MT) at 1.41 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

MT

Materials industry group

1.41

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
MT: 1.41
Min: 0.16

Avery Dennison (AVY) vs. ArcelorMittal (MT): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

ArcelorMittal (MT) at 0.24 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

MT

Materials industry group

0.24

Max: 1.98
Q3: 0.89
Median: 0.47
MT: 0.24
Q1: 0.13
Min: 0.00

Avery Dennison (AVY) vs. ArcelorMittal (MT): 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 ArcelorMittal (MT)
Metric	AVY	MT
Current Ratio (MRQ)	1.16	1.41
Debt / Equity (MRQ)	1.52	0.24
Net Debt / EBITDA	2.20	2.08

Dividends

Dividend Yield (TTM)

Avery Dennison (AVY) at 2.05% delivers top-quartile income for its industry, while ArcelorMittal (MT) at 0.99% 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%

MT

Materials industry group

0.99%

Max: 4.52%
Q3: 1.85%
MT: 0.99%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Avery Dennison (AVY) vs. ArcelorMittal (MT): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Avery Dennison (AVY) at 41.99% and ArcelorMittal (MT) at 52.92% 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%

MT

Materials industry group

52.92%

Max: 83.62%
MT: 52.92%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Avery Dennison (AVY) vs. ArcelorMittal (MT): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Avery Dennison (AVY) and ArcelorMittal (MT)
Metric	AVY	MT
Dividend Yield (TTM)	2.05%	0.99%
Dividend Payout Ratio (TTM)	41.99%	52.92%

Valuation

P/E Ratio (TTM)

Avery Dennison (AVY) at 20.21 is near its industry’s usual P/E ratio, while ArcelorMittal (MT) at 44.51 sits in the richer quartile — MT 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

MT

Materials industry group

44.51

Max: 59.00
MT: 44.51
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

Avery Dennison (AVY) vs. ArcelorMittal (MT): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

ArcelorMittal (MT) at 0.72 sits in the cheaper P/S ratio quartile while Avery Dennison (AVY) at 1.51 prices around its industry’s middle — MT costs less per dollar of sales, though read it alongside growth and margins.

AVY

Materials industry group

1.51

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

MT

Materials industry group

0.72

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
MT: 0.72
Min: 0.00

Avery Dennison (AVY) vs. ArcelorMittal (MT): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

ArcelorMittal (MT) at 1.70 is valued about in line with its industry on P/B ratio, while Avery Dennison (AVY) at 5.91 carries an above-peer premium to book — AVY is pricier on assets.

AVY

Materials industry group

5.91

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

MT

Materials industry group

1.70

Max: 6.59
Q3: 3.55
Median: 2.08
MT: 1.70
Q1: 1.26
Min: -0.17

Avery Dennison (AVY) vs. ArcelorMittal (MT): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Avery Dennison (AVY) and ArcelorMittal (MT)
Metric	AVY	MT
P/E Ratio (TTM)	20.21	44.51
P/S Ratio (TTM)	1.51	0.72
P/B Ratio (MRQ)	5.91	1.70
Free Cash Flow Yield (TTM)	6.90%	-1.75%