Is Avnet, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Avnet, Inc. moved from expensive to fair. The company appears 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. In comparison, TD SYNNEX Corp. has a higher P/E of 17.48, while Arrow Electronics, Inc. shows a significantly higher P/E of 29.60, indicating that Avnet is more attractively priced relative to these peers.
Despite its fair valuation, Avnet has underperformed against the S&P 500 across multiple time frames, with a 1-year return of -10.63% compared to the S&P 500's 19.89%, although it has shown a positive return of 20.55% over the last three years. This performance suggests that while the stock may be fairly valued, it has not kept pace with broader market trends recently.