Condition: Product attribute to equal product value for label

Hi. I was wondering, if this is possible (I do have the Pro version)

Let’s say I have product atribute “Attribute #1” and I have three products that have “Attribute #1” values of “A”, “B” and “C”.

I want to make one label, and to make it so if “Attribute #1” has value “A” the label would show “A” text, if value equals “B” – it would show “B”.

Basically the text of label would depend on value of attribute. I have attribute that has a lot of values, I don’t want to make a thousand labels, is this possible?

Hope this makes sense. Thanks.