Is Avnet, Inc. overvalued or undervalued?

As of 22 August 2025, the valuation grade for Avnet, Inc. has moved from very expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 12, a Price to Book Value of 0.88, and an EV to EBITDA of 8.44, which suggest that the stock is reasonably priced relative to its earnings and asset value.
In comparison to its peers, Avnet's P/E ratio of 12 is lower than TD SYNNEX Corp.'s attractive P/E of 17.48 and Arrow Electronics, Inc.'s higher P/E of 29.60, indicating that Avnet may offer better value in terms of earnings relative to its price. While the stock has underperformed the S&P 500 over the past year with a return of 4.99% compared to the index's 17.14%, it has shown significant growth over the last five years, with a return of 98.23%, slightly outpacing the S&P 500's 96.61%.