Avnet Inc. (AVT) intrinsic value & 10-year financials
Avnet Inc. (AVT) has a Graham intrinsic value of $3.42 per share. At $90.03 on Oct 17, 2026, the stock trades 2532% above that value. Over the last 10 fiscal years revenue shrank 1.8% a year to $22.2B, with an average return on invested capital of 7.6%.
- Graham intrinsic value
- $3.42
- Share price (Oct 17, 2026)
- $90.03
- Price vs Graham value
- 2532% above
- Market cap
- $7.9B
- Revenue (FY2025)
- $22.2B
- Revenue growth (10-yr CAGR)
- -1.8%
- ROIC (10-yr avg)
- 7.6%
- Free cash flow (FY2025)
- $577.0M
AVT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $22.2B | $240.2M | $2.75 | $577.0M | 2.3% | 6.7% |
| FY2024 | $23.8B | $498.7M | $5.43 | $463.5M | 3.6% | 9.0% |
| FY2023 | $26.5B | $770.8M | $8.26 | -$908.4M | 4.5% | 14.0% |
| FY2022 | $24.3B | $692.4M | $6.94 | -$268.2M | 3.9% | 14.2% |
| FY2021 | $19.5B | $193.1M | $1.93 | $40.6M | 1.4% | 5.5% |
| FY2020 | $17.6B | -$31.1M | -$0.31 | $656.7M | -0.0% | -0.0% |
| FY2019 | $19.5B | $176.3M | $1.59 | $412.1M | 1.9% | 5.1% |
| FY2018 | $19.0B | -$156.4M | -$1.30 | $97.6M | 1.2% | 2.0% |
| FY2017 | $17.4B | $525.3M | $4.08 | -$489.1M | 2.6% | 7.6% |
| FY2016 | $26.2B | $506.5M | $3.80 | $76.8M | 3.0% | 11.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AVNET INC is facing top-line stagnation, with revenue contracting over the decade.
AVNET INC has historically struggled to out-earn its cost of capital, averaging just 7.6% ROIC.
Over the decade, AVNET INC shows that management has aggressively returned capital to shareholders by retiring 34.4% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AVNET INC is modeled at -3.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.42 per share.