NDSN vs. AVY

Last updated Apr 2, 2026

Compare and contrast key facts about Nordson Corporation (NDSN) and Avery Dennison Corporation (AVY).

Performance

NDSN vs. AVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nordson Corporation (NDSN) and Avery Dennison Corporation (AVY). The values are adjusted to include any dividend payments, if applicable.

NDSN vs. AVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NDSN Nordson Corporation	11.49%	17.03%	-20.15%	12.39%	-5.93%	28.09%	24.45%	37.88%	-17.65%	31.83%
AVY Avery Dennison Corporation	-4.36%	-0.73%	-5.95%	13.66%	-15.06%	41.41%	20.86%	48.54%	-20.28%	66.75%

Fundamentals

Market Cap NDSN : $15.00B AVY : $13.40B
EPS NDSN : $9.23 AVY : $8.82
PE Ratio NDSN : 28.94 AVY : 19.62
PEG Ratio NDSN : 11.34 AVY : 6.55
PS Ratio NDSN : 5.32 AVY : 1.52
PB Ratio NDSN : 4.82 AVY : 5.98
Total Revenue (TTM) NDSN : $2.85B AVY : $8.86B
Gross Profit (TTM) NDSN : $1.57B AVY : $2.55B
EBITDA (TTM) NDSN : $852.47M AVY : $1.34B

Returns By Period

In the year-to-date period, NDSN achieves a 11.49% return, which is significantly higher than AVY's -4.36% return. Over the past 10 years, NDSN has outperformed AVY with an annualized return of 14.54%, while AVY has yielded a comparatively lower 11.05% annualized return.

NDSN

• 1D: 0.44%
• 1M: -8.25%
• YTD: 11.49%
• 6M: 17.70%
• 1Y: 34.85%
• 3Y*: 7.69%
• 5Y*: 6.93%
• 10Y*: 14.54%

AVY

• 1D: 0.24%
• 1M: -10.78%
• YTD: -4.36%
• 6M: 7.65%
• 1Y: -1.53%
• 3Y*: 0.74%
• 5Y*: 0.04%
• 10Y*: 11.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NDSN vs. AVY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NDSN

NDSN Risk / Return Rank: 78
NDSN Sharpe Ratio Rank: 80
NDSN Sortino Ratio Rank: 77
NDSN Omega Ratio Rank: 75
NDSN Calmar Ratio Rank: 76
NDSN Martin Ratio Rank: 83

AVY

AVY Risk / Return Rank: 35
AVY Sharpe Ratio Rank: 37
AVY Sortino Ratio Rank: 31
AVY Omega Ratio Rank: 31
AVY Calmar Ratio Rank: 39
AVY Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NDSN vs. AVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nordson Corporation (NDSN) and Avery Dennison Corporation (AVY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NDSN	AVY	Difference
Sharpe ratio Return per unit of total volatility	1.27	-0.06	+1.33
Sortino ratio Return per unit of downside risk	1.99	0.10	+1.89
Omega ratio Gain probability vs. loss probability	1.25	1.01	+0.24
Calmar ratio Return relative to maximum drawdown	1.95	-0.04	+1.98
Martin ratio Return relative to average drawdown	7.32	-0.09	+7.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDSN vs. AVY - Sharpe Ratio Comparison

The current NDSN Sharpe Ratio is 1.27, which is higher than the AVY Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of NDSN and AVY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NDSN	AVY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	-0.06	+1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.00	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.41	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.36	+0.01

Correlation

The correlation between NDSN and AVY is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NDSN vs. AVY - Dividend Comparison

NDSN's dividend yield for the trailing twelve months is around 1.21%, less than AVY's 2.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NDSN Nordson Corporation	1.21%	1.66%	1.02%	1.01%	0.98%	0.71%	0.77%	0.90%	1.09%	0.78%	0.91%	1.43%
AVY Avery Dennison Corporation	2.17%	2.03%	1.84%	1.57%	1.62%	1.23%	1.52%	1.73%	2.24%	1.53%	2.28%	2.33%

Drawdowns

NDSN vs. AVY - Drawdown Comparison

The maximum NDSN drawdown since its inception was -73.62%, roughly equal to the maximum AVY drawdown of -73.03%. Use the drawdown chart below to compare losses from any high point for NDSN and AVY.

Drawdown Indicators

	NDSN	AVY	Difference
Max Drawdown Largest peak-to-trough decline	-73.62%	-73.03%	-0.59%
Max Drawdown (1Y) Largest decline over 1 year	-17.62%	-17.97%	+0.35%
Max Drawdown (5Y) Largest decline over 5 years	-39.15%	-31.80%	-7.35%
Max Drawdown (10Y) Largest decline over 10 years	-44.24%	-43.52%	-0.72%
Current Drawdown Current decline from peak	-10.43%	-21.94%	+11.51%
Average Drawdown Average peak-to-trough decline	-13.28%	-16.74%	+3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	6.99%	-2.30%

Volatility

NDSN vs. AVY - Volatility Comparison

Nordson Corporation (NDSN) and Avery Dennison Corporation (AVY) have volatilities of 7.55% and 7.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDSN	AVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	7.63%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	13.86%	17.70%	-3.84%
Volatility (1Y) Calculated over the trailing 1-year period	27.51%	25.08%	+2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.77%	24.46%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.76%	26.93%	+1.83%

Financials

NDSN vs. AVY - Profitability Comparison

The chart below illustrates the profitability comparison between Nordson Corporation and Avery Dennison Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NDSN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nordson Corporation reported a gross profit of 366.12M and revenue of 669.46M. Therefore, the gross margin over that period was 54.7%.

AVY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Avery Dennison Corporation reported a gross profit of 650.70M and revenue of 2.27B. Therefore, the gross margin over that period was 28.7%.

NDSN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nordson Corporation reported an operating income of 166.41M and revenue of 669.46M, resulting in an operating margin of 24.9%.

AVY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Avery Dennison Corporation reported an operating income of 281.50M and revenue of 2.27B, resulting in an operating margin of 12.4%.

NDSN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nordson Corporation reported a net income of 133.38M and revenue of 669.46M, resulting in a net margin of 19.9%.

AVY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Avery Dennison Corporation reported a net income of 166.40M and revenue of 2.27B, resulting in a net margin of 7.3%.