Avnet AVT
United StatesTechnology · Electronics & Computer DistributionUSD
106.25 USD (+3.6%)
4 analysts
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Avnet, Inc. is a global distributor of electronic components, semiconductors, and IT solutions, acting as an intermediary between manufacturers and industrial customers, generating revenue through distribution margins and value-added services.
Key points
from its scores- ✓Good share-price trend9.8
- ✓Strong growth9.4
- ✕Little competitive advantage3.1
- ✕Fragile balance sheet4.0
- !Risks to watch5.3
AI analysis
bottom line, main risk, context and newsCurrent growth is exceptional but likely unsustainable; high debt and thin margins warrant caution amid rising rates and geopolitical risks on shipping routes.
Avnet shows explosive growth (revenue +47.7%, earnings +1968.9%) and strong momentum (105.38%), but its financial health is fragile (Net Debt/EBITDA of 3.52, negative free cash flow conversion) and its operating margin is very thin (3.85%), making it vulnerable to supply chain disruptions and a rising rate environment.
The main risk is the combination of high leverage (Net Debt/EBITDA of 3.52) with a very low operating margin (3.85%), leaving the company highly exposed to a semiconductor cycle downturn or increased logistics costs from disruptions on key shipping routes.
Context and risks
Avnet is a global distributor of electronic components with a supply chain dependent on international shipping routes. The blockade of the Strait of Hormuz and attacks in the Red Sea raise the risk of logistics disruption and higher transport costs, which could compress its already thin 3.85% operating margin. Additionally, its high leverage (Net Debt/EBITDA of 3.52) makes it vulnerable to a rising interest rate environment in the US, increasing the cost of refinancing its debt.
Is Avnet stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 29% below the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 25.6 | 31.3 | −18% |
| EV / EBITDA | 12.4 | 20.4 | −39% |
| Price / book | 1.7 | 6.3 | −73% |
| Price / sales | 0.3 | 5.3 | −94% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.6 out of 10 (median for Technology: 5.3).
Average analyst target: 106.25 USD, +3.6% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 4.0 (sector 6.9), Growth 9.4 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 25.6
- Forward P/E
- 9.3
- EV / EBITDA
- 12.4
- Price / book
- 1.7
- Price / sales
- 0.3
- PEG
- 2.65
- Market cap
- 8.4B USD
- Enterprise value
- 11.7B USD
Profitability
- ROE
- 6.7%
- ROA
- 3.9%
- ROIC (approx.)
- 12.5%
- Gross margin
- 10.4%
- Operating margin
- 3.9%
- Net margin
- 1.2%
- Free cash flow
- −129.3M USD
- FCF yield
- −1.5%
- Cash conversion
- −14%
Solvency
- Total debt
- 3.5B USD
- Net debt
- 3.3B USD
- Cash
- 155.4M USD
- EBITDA
- 944.2M USD
- Net debt / EBITDA
- 3.52
- Debt / equity
- 69.20
- Current ratio
- 1.78
- Quick ratio
- 0.94
Growth
- Revenue growth
- +47.7%
- Earnings growth
- +1,968.9%
- EPS (TTM)
- 4.01 USD
- EPS (forward)
- 11.05 USD
Dividend
- Dividend yield
- 1.4%
- Payout
- 34.9%
Risk and market
- Beta
- 1.08
- Analyst consensus
- none (4)
- Target price
- 106.25 USD
- 52-week range
- 44.25 – 108.63
Recent news
All AVT news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Avnet
Is Avnet stock cheap or expensive?
On P/E and EV / EBITDA, it trades 29% below the Technology median on average. Valuation score: 5.6 out of 10 (median for Technology: 5.3). Average analyst target: 106.25 USD, +3.6% versus the price. This is not investment advice.
What score does Avnet get on MeridIAn Screener?
It scores 5.8 out of 10, rank 1,131 of 2,130 (better than 43% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Quality / Moat (3.1). Analysis of 08/10/2026.
What is Avnet's P/E ratio?
Its P/E is 25.6: the share price equals 25.6 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 9.3.
How much is Avnet worth on the stock market?
Its market capitalisation is 8.4B USD and its enterprise value, debt included, is 11.7B USD.
How much debt does Avnet have?
Its net debt (debt minus cash) is 3.3B USD. That is 3.52 times its EBITDA; the Technology median is 0.20.
Does Avnet pay a dividend?
Yes: its dividend yield is 1.44% and it pays out 35% of its earnings.
How has Avnet stock performed over the last year?
It has risen 111.4% over the last year, excluding dividends. Over the last 52 weeks it has traded between 44.25 and 108.63 USD. Past performance does not guarantee future results.
What do analysts think of Avnet?
4 analysts cover it; their average recommendation is “none” and their average target is 106.25 USD (+3.6% versus the price). It is an estimate, not market data.