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Amcor plc (AMCR)

NYSE / Consumer Cyclical / Packaging & Containers

Share price

43.74 USD Market dataClose of Oct 15, 2026

Market capitalisation

20.22B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Aug 14, 2026
Ratios computed
Oct 15, 2026
Filed years
10, FY2017 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

6.3% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

18.30x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

6.1% Computed

FY2026 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2017 Revenue: 9.10B USDFY2017 Net income: 564.0M USDFY2018 Revenue: 9.32B USDFY2018 Net income: 575.2M USDFY2019 Revenue: 9.46B USDFY2019 Net income: 430.0M USDFY2020 Revenue: 12.47B USDFY2020 Net income: 612.0M USDFY2021 Revenue: 12.86B USDFY2021 Net income: 939.0M USDFY2022 Revenue: 14.54B USDFY2022 Net income: 805.0M USDFY2023 Revenue: 14.69B USDFY2023 Net income: 1.05B USDFY2024 Revenue: 13.64B USDFY2024 Net income: 730.0M USDFY2025 Revenue: 15.01B USDFY2025 Net income: 511.0M USDFY2026 Revenue: 23.51B USDFY2026 Net income: 1.11B USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
3 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 18.30x at the close of 2026-10-15 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.

Today, against the Consumer Cyclical sector (302 companies), 18.30x sits at the 46th percentile; the middle half of that group runs from 12.87x to 31.26x.

Is it good

Return on invested capital was 6.3% in FY2026, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Consumer Cyclical sector (222 companies), 6.3% sits at the 38th percentile; the middle half of that group runs from 3.6% to 14.8%.

Is it safe

Interest coverage was 2.81x in FY2026, in the band labelled "Speculative grade" (1.50x to 3.00x), on lines anchored on Damodaran's interest-coverage table.

Year by year against peers
Whether Amcor plc's return on invested capital stayed above the median of the Consumer Cyclical sector, year by year. (FY2023 to FY2025, 3 fiscal years of Amcor plc with a comparable figure)
The direction
Which way Amcor plc's gross margin has moved, and how steadily. (FY2017 to FY2026, 10 filed years of Amcor plc)
What could explain it
What in Amcor plc's filed statements could explain the movements. (7 readings drawn from the statement lines Amcor plc filed)
What to check next
What to check next on Amcor plc, and where in its filings. (6 questions for Amcor plc)
In one paragraph
One paragraph on Amcor plc's returns, cash, balance sheet and price. (16 of sixteen figures read for Amcor plc)

These are AMCR’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research AMCRPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Aug 14, 2026, accession 0001748790-26-000022.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Amcor plc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax6.3% ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Return on equity9.4% ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Return on capital employed, pre-tax6.4% ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Return on assets3.0% ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Gross margin19.9% ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Operating margin8.1% ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Net margin4.7% ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
AMCR 4.7%
IP -14.9%SW 2.2%BALL 7.0%CCK 6.0%PKG 8.6%
-14.9%8.6%
Net margin: AMCR against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Amcor plc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity1.28 ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Current ratio1.25 ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Quick ratio1.25 ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Interest coverage2.81x ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Altman Z-score1.36 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Net debt14.01B ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Total assets 37.09BTotal liabilities 25.29BShareholders' equity 11.79BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Amcor plc owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Aug 14, 2026, 0001748790-26-000022).

Amcor plc: balance sheet position
Total assets37.09B FiledFY2026 10-K, filed Aug 14, 2026
Total liabilities25.29B FiledFY2026 10-K, filed Aug 14, 2026
Shareholders' equity11.79B FiledFY2026 10-K, filed Aug 14, 2026
Cash1.11B FiledFY2026 10-K, filed Aug 14, 2026
Total debt15.12B FiledFY2026 10-K, filed Aug 14, 2026
Net debt14.01B
Current ratio1.25
Debt to equity1.28

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Amcor plc: what the market charges, each with its source
FigureValue, source and document
Price to earnings18.30x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
P/E on trailing twelve months17.55x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.72x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Price to sales0.86x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Enterprise value to EBIT18.06x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Enterprise value to EBITDA10.15x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Diluted earnings per share2.38 USD FiledFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Graham number36.97 USD ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022

We publish no fair value or price target of our own. Value AMCR on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Amcor plc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Amcor plc: valuation
Share price43.74 USD
Market capitalisation20.22B USD
Enterprise value to EBITDA10.15x
Graham number36.97 USD
Diluted earnings per share, FY20262.38 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Feb 11, 2020: low 11.99x, median 21.01x, high 38.44x, latest 17.55x. 1,677 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Amcor plc

  1. International Paper Company (IP)Market cap 18.05B USD
  2. Smurfit Westrock Plc (SW)Market cap 21.63B USD
  3. Ball Corporation (BALL)Market cap 16.62B USD
  4. Crown Holdings, Inc. (CCK)Market cap 12.36B USD
  5. Packaging Corporation of America (PKG)Market cap 20.72B USD

Same industry (Packaging & Containers) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Amcor plc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield6.1% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Free cash flow1.23B USD ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Free cash flow margin5.2% ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Dividend yield5.9% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Payout ratio108.0% ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
FY2017 Free cash flow: 529.6M USDFY2017 Net income: 564.0M USDFY2018 Free cash flow: 506.4M USDFY2018 Net income: 575.2M USDFY2019 Free cash flow: 443.8M USDFY2019 Net income: 430.0M USDFY2020 Free cash flow: 984.0M USDFY2020 Net income: 612.0M USDFY2021 Free cash flow: 993.0M USDFY2021 Net income: 939.0M USDFY2022 Free cash flow: 999.0M USDFY2022 Net income: 805.0M USDFY2023 Free cash flow: 735.0M USDFY2023 Net income: 1.05B USDFY2024 Free cash flow: 829.0M USDFY2024 Net income: 730.0M USDFY2025 Free cash flow: 810.0M USDFY2025 Net income: 511.0M USDFY2026 Free cash flow: 1.23B USDFY2026 Net income: 1.11B USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Amcor plc: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
18.30xFY2026Oct 15, 2026
1.72xFY2026Oct 15, 2026
18.06xFY2026Oct 15, 2026
6.1%FY2026Oct 15, 2026
6.3%FY2026Aug 14, 2026
5.9%FY2026Oct 15, 2026
1.28FY2026Aug 14, 2026
1.25FY2026Aug 14, 2026
0.86xFY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
1.36FY2026Oct 15, 2026
-2.54FY2026Aug 14, 2026
7/9FY2026Aug 14, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 10 filed fiscal years on record, FY2017 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2017 to FY2026, read from the annual reports Amcor plc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Amcor plc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202623.51B1.90B1.11B2.381.23B8.1%9.4%10-K, Aug 14, 20260001748790-26-000022
FY202515.01B1.01B511.0M1.60810.0M6.7%4.4%10-K, Aug 15, 20250001748790-25-000023
FY202413.64B1.21B730.0M2.52829.0M8.9%18.8%10-K, Aug 16, 20240001748790-24-000022
FY202314.69B1.51B1.05B3.52735.0M10.3%26.0%10-K, Aug 17, 20230001748790-23-000030
FY202214.54B1.24B805.0M2.65999.0M8.5%19.7%10-K, Aug 18, 20220001748790-22-000024
FY202112.86B1.32B939.0M3.01993.0M10.3%19.7%10-K, Aug 24, 20210001748790-21-000031
FY202012.47B994.0M612.0M1.91984.0M8.0%13.2%10-K, Aug 27, 20200001748790-20-000025
FY20199.46B792.0M430.0M1.81443.8M8.4%7.7%10-K, Sep 3, 20190001748790-19-000003
FY20189.32B993.9M575.2M2.47506.4M10.7%91.8%10-K, Sep 3, 20190001748790-19-000003
FY20179.10B916.1M564.0M2.40529.6M10.1%n/a10-K, Sep 3, 20190001748790-19-000003
  • Revenue, compound annual growth FY2017 to FY2026: 11.1%
  • Earnings, compound annual growth FY2017 to FY2026: 7.8%
  • Earnings per share, compound annual growth FY2017 to FY2026: -0.1%
  • Free cash flow, compound annual growth FY2017 to FY2026: 9.8%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Amcor plc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.54 ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Piotroski F-score7/9 ComputedFY2026 10-K, filed Aug 14, 2026, 0001748790-26-000022
Named tests met3 of 30 Computed
Beta0.57 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 3 met, 27 not met, 0 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Owner earnings yield; Low P/S, rising earnings (James O'Shaughnessy); Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; High return on tangibles; Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Figures we could not read(2)
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Price Tangible Book: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 2 figures could not be read on this company: PEG Ratio, Price Tangible Book.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.