Is Avnet, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Avnet, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 12, a Price to Book Value of 0.88, and an EV to EBITDA of 8.44. In comparison, peers such as TD SYNNEX Corp. and Arrow Electronics, Inc. have higher P/E ratios of 17.48 and 29.60, respectively, suggesting that Avnet may be lagging behind its competitors in terms of valuation.
Despite its fair valuation, Avnet's recent stock performance has been mixed, with a 1-week return of 5.17% compared to the S&P 500's 1.70%, but a year-to-date return of -0.46% against the S&P 500's 13.30%. This indicates that while Avnet has shown some short-term strength, its longer-term performance has not kept pace with the broader market. Overall, Avnet is fairly valued at this time, but its performance relative to peers and the market suggests caution for potential investors.