NNUP vs AVY vs EMN Stock Comparison

Nocopi Technologies, Avery Dennison and Eastman Chemical Prices as of Oct 28, 2026 Peers: Industry group
AVY Avery Dennison Corp
$180.69 +5.2% 1M +0.8% 1Y
Market cap
$13.89B
P/E
19.7x
Revenue (TTM)
$9.25B
Div. yield
0.02%
Specialty Chemicals Basic Materials
8 wins
EMN Eastman Chemical Co
$66.66 +0.2% 1M +5.2% 1Y
Market cap
$7.77B
P/E
17.6x
Revenue (TTM)
$8.87B
Div. yield
–
Specialty Chemicals Basic Materials
3 wins

Head to Head

11 decided of 12

Avery Dennison leads on 8 of the 12 questions below (Avery Dennison 8, Eastman Chemical 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNNUPAVYEMNLeader
Larger companyMarket capitalisation $18.79M $13.89B $7.77B AVY
Cheaper on earningsLower P/E, profitable companies only -27.8x 19.7x 17.6x EMN
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 17.0x 10.1x EMN
Faster revenue growthRevenue growth, trailing twelve months -4.5% +5.8% -4.5% AVY
More profitableNet margin, trailing twelve months -32.7% 7.6% 5.0% AVY
Better return on capitalReturn on invested capital — 14.3% 5.4% AVY
Less leveragedLower net debt / EBITDA — 2.3x 3.6x AVY
Higher dividend yieldTrailing dividend yield — 0.02% 0.00% –
Better 1-year returnPrice return, last 12 months -3.0% +0.8% +5.2% EMN
Better 5-year returnAnnualised price return, 5 years -5.0%/yr -3.7%/yr -8.5%/yr AVY
Less volatileAnnualised volatility, 1 year 66.3% 23.4% 32.0% AVY
Higher overall scoreMean of the five percentile scores vs peers 38/100 71/100 59/100 AVY

Percentile Scorecard

NNUPAVYEMN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisNNUPAVYEMN
Valuation 37 #60 of 94 63 #35 of 94 86 #14 of 94
Growth 18 #75 of 91 83 #16 of 91 28 #66 of 91
Profitability 35 #55 of 84 94 #6 of 84 61 #33 of 84
Financial Health 93 #8 of 94 34 #62 of 94 28 #68 of 94
Shareholder Returns 7 #64 of 69 79 #15 of 69 91 #7 of 69
Overall 38 71 59
  • NNUP ranked among 99 companies in Chemicals
  • AVY ranked among 99 companies in Chemicals
  • EMN ranked among 99 companies in Chemicals

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodNNUPAVYEMNSPY
1 month -5.3%+5.2%+0.2% +0.9%
3 months -7.0%+8.0%-1.0% +5.9%
6 months +9.6%+10.9%-5.3% +8.5%
Year to date +6.7%-0.7%+4.4% +13.3%
1 year -3.0%+0.8%+5.2% +12.4%
3 years -52.5%+6.0%-8.2% +88.1%
3 years, per year -22.0%+1.9%-2.8% +23.5%
5 years -22.7%-17.0%-35.9% +68.2%
5 years, per year -5.0%-3.7%-8.5% +11.0%
10 years +1,130.8%+163.4%-7.4% +263.4%
10 years, per year +28.5%+10.2%-0.8% +13.8%

Risk

MeasureNNUPAVYEMNSPY
Volatility, 1Y 66.3%23.4%32.0% 12.7%
Downside volatility, 1Y 84.3%21.6%30.0% 12.7%
Beta vs S&P 500, 1Y 0.080.480.80 1.00
Return / volatility, 1Y -0.050.040.16 0.98
Max drawdown, 5Y -71.6%-33.3%-55.9% -25.4%
From 52-week high -18.8%-8.5%-18.1% -0.9%
52-week high $1.97$197.45$81.36 $779.14
52-week low $1.40$153.01$56.37 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleNNUPAVYEMN
P/E now vs peer median -27.8xmedian 22.0x 19.6xmedian 22.0x 17.2xmedian 22.0x
P/S now vs peer median 9.4xmedian 1.4x 1.5xmedian 1.4x 0.9xmedian 1.4x
EV/EBITDA now vs peer median -7.7xmedian 12.4x 11.2xmedian 12.4x 9.5xmedian 12.4x
P/FCF now vs peer median 34.6xmedian 15.5x 12.9xmedian 15.5x 14.1xmedian 15.5x
P/B now vs peer median 1.3xmedian 1.7x 5.9xmedian 1.7x 1.2xmedian 1.7x
PEG now vs peer median 0.91median 1.84 2.01median 1.84 -1.28median 1.84

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsNNUPAVYEMN
Revenue $2.01M $9.25B $8.87B
Gross profit $896.18K $2.68B $1.76B
Operating income -$1.07M $1.19B $750.00M
Net income -$656.03K $704.90M $443.00M
Free cash flow $542.27K $1.06B $539.00M
R&D $195.80K – $246.00M
EPS (diluted) $-0.06 $9.23 $3.83
Cash & equivalents $10.69M $227.30M $691.00M
Total debt – $14.80B $5.22B
Shares (diluted) 11.40M 76.40M 115.30M
Enterprise value -$26.86M $12.67B $5.36B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricNNUPAVYEMN
P/E -27.8x 19.6x 17.2x
P/FCF 34.6x 12.9x 14.1x
P/Operating cash flow 33.8x 11.1x 7.7x
P/S 9.4x 1.5x 0.9x
P/B 1.3x 5.9x 1.2x
P/Tangible book 1.3x 8.9x 1.5x
EV/EBITDA -7.7x 11.2x 9.5x
EV/EBIT -7.6x 14.5x 16.2x
EV/Revenue 4.0x 1.9x 1.4x
EV/FCF 14.9x 16.1x 22.5x
EV/Operating cash flow 14.6x 13.9x 12.3x
PEG (3Y EPS CAGR) 0.91 2.01 -1.28

Growth

14 metrics
MetricNNUPAVYEMN
Revenue growth (1Y) -4.5% 5.8% -4.5%
Revenue CAGR (3Y) -26.1% 2.9% -3.3%
Gross profit growth (1Y) -23.4% 7.4% -21.1%
Gross profit CAGR (3Y) -39.7% 6.6% -4.6%
Operating income growth (1Y) 14.7% 5.9% -37.6%
Operating income CAGR (3Y) -34.2% 8.9% -9.2%
Net income growth (1Y) 3.3% -0.9% -46.9%
Net income CAGR (3Y) -35.0% 7.6% -14.5%
EPS growth (1Y) 8.4% 1.6% -46.5%
EPS CAGR (3Y) -30.4% 9.7% -13.5%
Operating cash flow growth (1Y) -30.1% 51.6% -1.1%
Operating cash flow CAGR (3Y) 17.0% 17.6% -4.0%
Free cash flow growth (1Y) -31.7% 67.3% 32.8%
Free cash flow CAGR (3Y) 17.5% 31.2% 16.1%

Profitability

14 metrics
MetricNNUPAVYEMN
Gross margin 44.7% 29.0% 19.9%
EBITDA margin -52.7% 16.5% 14.4%
Operating margin -53.5% 12.8% 8.5%
Pretax margin -32.7% 10.4% 6.1%
Net margin -32.7% 7.6% 5.0%
FCF margin 27.0% 11.5% 6.1%
Operating cash flow margin 27.7% 13.3% 11.2%
Return on equity -4.6% 30.5% 7.2%
Return on assets -4.3% 7.8% 2.9%
Return on invested capital – 14.3% 5.4%
Return on capital employed -7.6% 19.5% 6.0%
Asset turnover 0.1x 1.0x 0.6x
Cash conversion (OCF / net income) -0.8x 1.8x 2.2x
Stock comp / revenue 5.5% 0.3% –

Financial Health

11 metrics
MetricNNUPAVYEMN
Debt / assets – 39.9% 33.8%
Debt / equity – 1.6x 0.8x
Net debt / EBITDA – 2.3x 3.6x
Debt / FCF – 3.5x 9.7x
Liabilities / assets 9.7% 74.8% 60.0%
Equity / assets 90.3% 25.2% 40.0%
Interest coverage -44.1x 8.4x –
Current ratio 12.1x 1.1x 1.5x
Quick ratio 10.4x 0.7x 0.7x
Cash ratio 9.3x 0.1x 0.2x
Altman Z-score 6.97 3.56 2.27

Shareholder Returns

7 metrics
MetricNNUPAVYEMN
Dividend yield – 2.1% 5.0%
Net buyback yield -3.2% 3.0% –
Shareholder yield -3.2% 5.1% 5.0%
Payout ratio (earnings) – 41.7% –
Payout ratio (FCF) – 27.7% –
Dividend growth (1Y) – 3.4% –
Dividend CAGR (3Y) – 5.9% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusNNUPAVYEMN
Forward P/E – 17.0xFY2026 10.1xFY2026
EPS, next fiscal year – $10.61FY2026 $6.58FY2026
EPS growth, next FY – +11.3%FY2026 +21.4%FY2026
EPS growth, the year after – +7.9% -5.2%
Revenue, next fiscal year – $9.82BFY2026 $9.50BFY2026
Revenue growth, next FY – +10.9%FY2026 +8.5%FY2026
Revenue growth, the year after – +0.1% -4.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNNUPAVYEMN
Held by institutions – 97.4% 94.1%
Institutions holding – 783 648
Change in shares held, QoQ – +2.7% -0.1%
Institutions buying – 384 327
Institutions selling – 272 193
Buyers to sellers – 1.41 1.69

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

NNUPAVYEMN
NNUP 1.00 -0.02 0.02
AVY -0.02 1.00 0.51
EMN 0.02 0.51 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NNUP, AVY and EMN?

Avery Dennison (AVY) is the largest by market capitalisation: Nocopi Technologies (NNUP) $18.79M, Avery Dennison (AVY) $13.89B, Eastman Chemical (EMN) $7.77B.

Which stock is cheaper, NNUP, AVY and EMN?

Eastman Chemical (EMN) trades on the lowest price-to-earnings ratio (Nocopi Technologies (NNUP) -27.8x, Avery Dennison (AVY) 19.7x, Eastman Chemical (EMN) 17.6x). On next year's consensus earnings, Eastman Chemical (EMN) is cheapest (Avery Dennison (AVY) 17.0x, Eastman Chemical (EMN) 10.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Avery Dennison (AVY) grew revenue fastest over the trailing twelve months: Nocopi Technologies (NNUP) -4.5%, Avery Dennison (AVY) +5.8%, Eastman Chemical (EMN) -4.5%.

Which company is more profitable?

Avery Dennison (AVY) has the highest net margin (Nocopi Technologies (NNUP) -32.7%, Avery Dennison (AVY) 7.6%, Eastman Chemical (EMN) 5.0%). On return on invested capital, Avery Dennison (AVY) leads (Avery Dennison (AVY) 14.3%, Eastman Chemical (EMN) 5.4%).

Which stock has performed better?

Over the past year Eastman Chemical (EMN) returned the most: Nocopi Technologies (NNUP) -3.0%, Avery Dennison (AVY) +0.8%, Eastman Chemical (EMN) +5.2%. Over five years, Avery Dennison (AVY) compounded fastest (Nocopi Technologies (NNUP) -5.0%/yr, Avery Dennison (AVY) -3.7%/yr, Eastman Chemical (EMN) -8.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Avery Dennison (AVY) 0.02%, Eastman Chemical (EMN) 0.00%. Nocopi Technologies (NNUP) and Eastman Chemical (EMN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Avery Dennison (AVY) has been the steadiest (Nocopi Technologies (NNUP) 66.3%, Avery Dennison (AVY) 23.4%, Eastman Chemical (EMN) 32.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NNUP, AVY and EMN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Avery Dennison (AVY) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.