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Marvell Technology, Inc (MRVL) Fair Value & Analysis

Technology · US · Market cap $169B

MT Marvell Technology, Inc logo Marvell Technology, Inc MRVL · US
Price$222.18
Fair Value$47.03
Upside-78.8%
Quality77/100
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Mixed Growth
Highly profitable · 29.0% net margin
Low debt · generates free cash flow
0.13% dividend yield
Mixed vs. peers (6/15)
Moderate moat 64/100
Evidence: High Range $23.32 – $79.56 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from $36.57 to $47.03 (+28.6%) since Jul 18, 2026. Share price −0.1% over the past month.

A strong business, but screening 79% overvalued on our models.

What matters now

  • A high-quality business (quality 77/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case ($79.56). The favourable scenario is already priced in.
  • The model range is unusually wide ($23.32 to $79.56). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

$316.35 $34.27 Fair Value $47.03 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $34.27 – $316.35 · fair‑value band $23.32 – $79.56 · the $222.18 price screens above the $47.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Marvell Technology, Inc (MRVL) currently trades at $222.18, while our model-based Fair Value estimate is $47.03, implying the stock looks roughly 78.8% overvalued today. The Quality Score stands at 77/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Marvell Technology, Inc generated revenue of $8.7B at a net margin of 29.0%. Revenue grew 27.6% year over year. It earns a return on equity of 16.0%. Net debt stands at $2.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $23.32 (bear case) to $79.56 (bull case); at $222.18, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 262% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -54% fair-value upside, at -79%, MRVL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely ($3.77 to $116.32). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $20.27 $41.92 $75.55 80
Residual Income $20.58 $28.75 $140.06 76
Rev-Margin DCF $15.06 $27.87 $45.49 74
All 26 models by family
DCF Models
FCF DCF $20.79 $40.71 $84.64 38
Owner Earnings $56.10 $113.26 $221.01 31
5Y Revenue Exit $15.06 $28.28 $46.72 39
5Y EBITDA Exit $31.92 $65.16 $109.20 41
5Y P/E Exit $47.39 $98.99 $161.85 38
10Y Revenue Exit $16.24 $29.86 $51.99 36
10Y EBITDA Exit $28.21 $57.83 $107.45 37
10Y P/E Exit $38.73 $83.49 $154.18 35
Earnings-Based
Graham-Dodd $20.73 $116.32 $161.57 54
Lynch FV $32.57 $46.53 $60.48 50
PEG = 1.0 $32.57 $46.53 $60.48 46
EPV $8.94 $10.68 $12.21 59
Dividend Discount
Gordon GGM $2.15 $4.47 $7.09 70
DDM Multi-Stage $2.15 $3.77 $4.69 61
Multiples
P/E Multiple $64.03 $85.37 $106.71 63
P/S Multiple $38.60 $51.46 $64.33 58
P/B Multiple $38.87 $51.83 $64.79 55
EV/EBIT $25.99 $35.16 $44.33 53
EV/EBITDA $39.01 $52.51 $66.02 54
EV/Revenue $12.39 $18.35 $24.31 43
Asset-Based
NCAV (Graham) $8.17 $10.95 $16.34 50
Growth DCF
Growth DCF $20.27 $41.92 $75.55 80
Rev-Margin DCF $15.06 $27.87 $45.49 74
Economic Profit
Residual Income $20.58 $28.75 $140.06 76
ROIC Compounder $8.94 $10.68 $12.21 72
Growth Earnings
Growth-Adj P/E $56.60 $80.86 $105.12 68

Widest divergence: Growth Earnings ($80.86) versus Dividend Discount ($3.77). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $8.7B
Revenue growth (YoY) +27.6%
Net margin 29.0%
Return on equity 16.0%
Free cash flow $1.4B FY2026
P/E ratio 74.2
More key figures
Operating margin 14.5%
EPS (TTM) $2.91
Dividend yield 0.1%
EPS growth (YoY) -80.4%
Net debt $2.2B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 77/100

Of which business quality 73 · Market factors (momentum, volatility) 62

Profitability 59
Margins and returns on capital today
Quality Growth 98
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 94
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally.

Full company description

Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally. The company develops and scales system-on-a-chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of ethernet solutions, including spanning controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits, interconnects, fibre channel adapters, and processors. The company also provides interconnect products, including pulse amplitude modulation, coherent and coherent-lite digital signal processors (DSPs), laser drivers, trans-impedance amplifiers, silicon photonics, co-packaged optics, linear pluggable optics chipsets, data center interconnect, active electrical cable DSPs and peripheral component interconnect express retimer solutions; fibre channel products comprising host bus adapters and controllers for server and storage system connectivity; storage controllers for hard disk drives and solid-state-drives; host system interfaces, including serial advanced technology attachment and serial attached SCSI, peripheral component interconnect express, compute express link switches, non-volatile memory express (NVMe), and NVMe over fabrics; and develops ultra accelerator linkTM switches and ethernet for scale-up networking switches. The company serves data centers, communications, and other markets. It offers its products through direct customers and distributors. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Marvell Technology, Inc reported revenue of $8.2B in FY2026 versus $4.5B in FY2022, a compound +16.4%/yr. Reported net income was $2.7B in FY2026.

Growth Quality 91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
$8.2B
Latest YoY
+42.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.5%
Avg. growth/yr (28Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+40.3%
Revenue +16.4%/yr
FY22 $4.5B
FY23 $5.9B
FY24 $5.5B
FY25 $5.8B
FY26 $8.2B
Net income
FY22 −$421M
FY23 −$164M
FY24 −$933M
FY25 −$885M
FY26 $2.7B

MRVL screens 79% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Marvell Technology, Inc Fair Value". https://www.fairvalue-calculator.com/stock/MRVL

Peer Group

Semiconductors · 322 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 77 · Top 25%
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 14% · Above median
Revenue growth 28% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 74.2× · Pricier than median
P/B 11.84× · Pricier than 75% of peers
P/S (TTM) 19.43× · Pricier than 75% of peers
P/FCF 121.3× · Pricier than 75% of peers
EV/EBITDA 62.9× · Pricier than 75% of peers
PEG 1.06× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 59
PAST 64 · sector 23
HEALTH 86 · sector 96
DIVIDEND 3 · sector 20

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $217.50 $98.98 -54%
Taiwan Semiconductor Manufacturing Company TSM $429.15 $291.42 -32%
Broadcom Inc 1AVGO €366.85 €121.25 -67%
Micron Technology, Inc 1MU €802.10 €185.67 -77%
SK hynix Inc 000660 1,504,000 KRW 1,481,291 KRW -2%
Advanced Micro Devices, Inc 1AMD €428.20 €56.33 -87%
Intel Corporation INTC C$54.79 C$11.71 -79%
MediaTek Inc 2454 4,015 TWD 1,559 TWD -61%
SK Square Co 402340 1,024,000 KRW 1,204,862 KRW +18%
GigaDevice Semiconductor Inc 3986 HK$515.00 HK$274.86 -47%

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Frequently asked questions

Is Marvell Technology, Inc (MRVL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $47.03 versus a price of $222.18, about −79% (overvalued).
What is the fair value of MRVL?
Our model-based fair value for Marvell Technology, Inc is $47.03 (as of Aug 13, 2026), built from audited fundamentals. The current price is $222.18.
What is the quality score of MRVL?
Marvell Technology, Inc has a Quality Score of 77/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Marvell Technology, Inc (MRVL)?
Marvell Technology, Inc reported trailing-twelve-month revenue of about $8.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MRVL?
The net profit margin of Marvell Technology, Inc is about 29.0%, meaning it keeps roughly 29.0% of revenue as net income. Based on the latest reported figures.
Does Marvell Technology, Inc pay a dividend?
Marvell Technology, Inc currently shows a dividend yield of about 0.08% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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