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 at this time, with a P/E ratio of 12, a Price to Book Value of 0.88, and an EV to EBITDA ratio of 8.44. In comparison to peers, TD SYNNEX Corp. has a higher P/E of 17.48 and Arrow Electronics, Inc. shows a significantly higher P/E of 29.60, suggesting that Avnet may be undervalued relative to these competitors.
Despite its fair valuation, Avnet's recent stock performance has lagged behind the S&P 500, particularly over the longer term, with a 3-year return of 36.51% compared to the S&P's 81.19%. This underperformance, especially in the 1Y and YTD periods, reinforces the notion that while the stock is currently fairly valued, it may face challenges in achieving growth relative to broader market indices.