Avnet (FRA:VNI) ROCE %: 10.48% (As of Mar. 2026)

What is Avnet ROCE %?

Avnet FRA:VNI +0.65% 84 ROCE % is 10.48% as of Mar. 2026. GuruFocus rates FRA:VNI with a GF Score™ of 84/100 and a GF Value™ of €57.07 (Significantly Overvalued). The stock has 10 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Avnet's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.48%.

Avnet (FRA:VNI) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Avnet ROCE % Related Terms

Avnet ROCE % Historical Data

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The historical data trend for Avnet's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Avnet ROCE % Chart

Avnet Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROCE %

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4.34

16.54

17.00

11.50

6.10

Avnet Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															7.10	3.25	6.76	7.64	10.48

84GF Score

Avnet Inc FRA:VNI

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Avnet ROCE % Calculation

Avnet's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	430.874	/	( ( (11342.298 - 4148.235)	+	(10506.785 - 3579.066) )	/ 2 )
	=	430.874	/	( (7194.063	+	6927.719)	/ 2 )
	=	430.874	/	7060.891
	=	6.10 %

Avnet's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	704.828	/	( ( (11232.811 - 4555.202)	+	(11668.239 - 4898.876) )	/ 2 )
	=	704.828	/	( ( 6677.609	+	6769.363 )	/ 2 )
	=	704.828	/	6723.486
	=	10.48 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 10.48% mean?

Avnet (FRA:VNI) has a ROCE % of 10.48% as of Mar. 2026.

Is Avnet's ROCE % too high?

Avnet's current ROCE % is 10.48%. The Hardware industry median ROCE % is 5.81. Avnet's value of 10.48% is 80.4% above this industry median. Overall, Avnet has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Avnet's ROCE % compare to ARW and NSIT?

Avnet's ROCE % of 10.48% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.81. Avnet's value of 10.48% is 80.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Hardware company?

The median ROCE % among Hardware companies is 5.81, based on 2,449 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Avnet's current ROCE % of 10.48% is 80.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avnet's current ROCE % is 10.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Avnet stock overvalued right now?

Based on GuruFocus' analysis, Avnet (FRA:VNI) is currently considered Significantly Overvalued. The stock's GF Value™ is €57.07, compared to a current price of €78.00 — trading 36.7% above its estimated fair value. The current ROCE % is 10.48% and 80.4% above the Hardware industry median of 5.81. Avnet's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Avnet (FRA:VNI), the current ROCE % is 10.48% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Avnet (FRA:VNI) Overvalued in 2026?

Based on GuruFocus' analysis, Avnet stock appears to be overvalued. The current stock price of €78.00 is trading 36.7% above its estimated GF Value™ of €57.07. GuruFocus considers Avnet to be Significantly Overvalued.

Key valuation signals for FRA:VNI:

ROCE %: 10.48%
GF Value™: €57.07 vs. price of €78.00 (36.7% above fair value)
GF Score™: 84/100 with 10 warning signs
Industry Position: 80.4% above the Hardware median

No single metric tells the full story. See the FRA:VNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Avnet Business Description

Industry Technology Hardware

Comparable Companies ARW NSIT CNXN NLST SCSC EACO CLMB SPRS TAIT IZM SNX XPAR:RXL SZSE:000938 TPE:3702 LSE:SCT TPE:2347 SZSE:000062 SZSE:002402 SZSE:300975 TSE:3132

Other Exchanges AVT:USA VNI:Germany

Address 2211 South 47th Street, Phoenix, AZ, USA, 85034

Website https://www.avnet.com

Avnet Inc is an electronic component technology distributor and solutions provider. It serves customers from startups and mid-sized businesses to enterprise-level original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, and original design manufacturers (ODMs). The group operates in the Electronic Components segment and supports high and medium-volume customers to markets, sells, and distributes electronic components, and the Farnell segment supports lower-volume customers that need electronic components quickly to develop, prototype, and test their products. Its geographic regions are the Americas, EMEA, and Asia.

84GF Score

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€78.00

Price

€57.07

GF Value

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