P/E ratio for Avnet (AVT)
P/E ratio as of September 2023 (TTM): 5.74
According to Avnet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.74403. At the end of 2021 the company had a P/E ratio of 9.00.
P/E ratio history for Avnet from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.00 | |
| 2019 | 44.7 | -238.6% |
| 2018 | -32.2 | -396.94% |
| 2017 | 10.9 | -30.46% |
| 2016 | 15.6 | 53.04% |
| 2015 | 10.2 | 1.95% |
| 2014 | 10.0 | -24.24% |
| 2013 | 13.2 | 57.91% |
| 2012 | 8.36 | 19.98% |
| 2011 | 6.97 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Intel INTC | -157 | -2,829.70% | 🇺🇸 USA |
 IBM IBM | 66.8 | 1,062.65% | 🇺🇸 USA |
 HP HPQ | 11.5 | 99.82% | 🇺🇸 USA |
 Richardson Electronics RELL | 6.97 | 21.33% | 🇺🇸 USA |
 Arrow Electronics
ARW | 6.47 | 12.59% | 🇺🇸 USA |
 TD Synnex SNX | 14.6 | 154.08% | 🇺🇸 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.