Avnet
AVT
#2793
Rank
$4.70 B
Marketcap
$52.04
Share price
-2.00%
Change (1 day)
9.58%
Change (1 year)

P/E ratio for Avnet (AVT)

P/E ratio as of July 2024 (TTM): 5.97

According to Avnet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.97474. At the end of 2022 the company had a P/E ratio of 4.60.

P/E ratio history for Avnet from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.60-48.85%
20219.00-120%
2020-45.0-200.76%
201944.7-238.6%
2018-32.2-396.94%
201710.9-30.46%
201615.653.04%
201510.21.95%
201410.0-24.24%
201313.257.91%
20128.3619.98%
20116.97-25.71%
20109.38-71.07%
200932.4-1115.11%
2008-3.19-129.14%
200711.0-14.12%
200612.8-33.88%
200519.336.54%
200414.1-94.78%
2003271-2625%
2002-10.7-31.38%
2001-15.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
6.65 11.34%๐Ÿ‡บ๐Ÿ‡ธ USA
16.7 179.25%๐Ÿ‡บ๐Ÿ‡ธ USA
-79.3-1,426.42%๐Ÿ‡บ๐Ÿ‡ธ USA
16.2 170.74%๐Ÿ‡บ๐Ÿ‡ธ USA
8.98 50.23%๐Ÿ‡บ๐Ÿ‡ธ USA
24.1 304.19%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.