The current PE ratio for Avnet stock as of May 2, 2024 is 6.62. This is calculated based on the current EPS of $7.35 and the stock price of $48.64 per share. The P/E ratio marks an increase of 14% from the past four quarters average of 5.8.
The average historical PE ratio of Avnet for the last ten years is 12.88. The current PE ratio of 6.62 is 49% below the historical average. Over the past ten years, AVT's PE ratio was at its highest in the Dec 2019 quarter at 42.96, when the stock price was $42.53 and the EPS was $0.99. The lowest value was in the Oct 2022 quarter, when it reached 4.6 with a price of $36.12 and an EPS of $7.86.
Maximum annual increase: 7.37% in 2014
Maximum annual decrease: -70.68% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 6.03 | 0.17% |
| 2022 | 6.02 | -70.68% |
| 2021 | 20.53 | N/A |
| 2020 | N/A | N/A |
| 2019 | 28.12 | N/A |
| 2018 | N/A | N/A |
| 2017 | 9.41 | -9.61% |
| 2016 | 10.41 | 3.38% |
| 2015 | 10.07 | -9.03% |
| 2014 | 11.07 | 7.37% |
Currently, AVT's PE ratio is below the 3, 5 and 10-year averages.
Compared to its peer stocks IBM and INTC, AVT's PE ratio stands lower. Avnet's PE ratio is trading below the peer group average of 19.72.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AVT Avnet Inc | 6.72 | $4.46B |
| HPQ Hp Inc | 8.14 | $27.64B |
| ARW Arrow Electronics Inc | 9.7 | $6.65B |
| SNX Synnex Corp | 17.07 | $10.31B |
| IBM International Business Machines Corp | 18.47 | $152.22B |
| INTC Intel Corp | 32.17 | $131.48B |
| RELL Richardson Electronics Ltd | 35.9 | $153.78M |
AVT's price to earnings ratio is 6.62 as of May 2, 2024.
The average PE ratio for AVT stock over the past 3 years is 7.93.
The average PE ratio for AVT stock over the past 5 years is 14.61.
In the last ten years, the Dec 2019 quarter recorded the highest quarterly PE ratio at 42.96.
The current price to earnings ratio of AVT is 49% lower than the 10-year historical average.
AVT's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 6.62 is considered low.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (May 2, 2024), Avnet's stock price is $48.64. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $7.35. Therefore, Avnet's P/E ratio for today is 6.62. PE RATIO(6.62) = STOCK PRICE($48.64) / TTM EPS($7.35)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.