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 to be fairly valued based on its current metrics. Notable 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, peers such as TD SYNNEX Corp. have a higher P/E of 17.48, while Arrow Electronics, Inc. shows a significantly elevated P/E of 29.60, indicating that Avnet may be positioned more attractively within its industry.
Despite its fair valuation, Avnet has underperformed relative to the S&P 500, with a year-to-date return of -9.58% compared to the index's 16.30%. This trend continues over the past year, where Avnet's return of -13.26% starkly contrasts with the S&P 500's 19.89% return, suggesting that while the stock may be fairly valued, it is currently facing challenges in the market.