• Avery Dennison average return on tangible equity for 2023 was -76.53, a 24.97% increase from 2022.
• Avery Dennison average return on tangible equity for 2022 was -102, a 437.69% decline from 2021.
• Avery Dennison average return on tangible equity for 2021 was -18.97, a 100.92% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.