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Marvell Technology Group Ltd (MRVL) Fair Value & Analysis

Technology · US · Market cap $169B · ISIN US5738741041

What is Marvell Technology Group Ltd really worth?

MT Marvell Technology Group Ltd logo Marvell Technology Group Ltd MRVL · US
Price$208.83
Fair Value$47.03
Upside−77.5%
Quality77/100

A strong business, but trading 344% above our fair value of $47.03.

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Strengths

Highly profitable · 29.0% net margin
Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +22.5 %/yr)
!Mixed vs. peers (7/15)
!Moderate moat 64/100
!Weak on dividend: 2 out of 100

For context

·0.11% dividend yield
Evidence: High Range $23.32 – $79.56

Fair value as of: Sep 2, 2026

From 26 valuation models · updated 2 days ago

Share price −4.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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.

Price vs Fair Value (5 years)

$316.35 $34.27 Fair Value $47.03 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.

How to read this chart

60‑month range $34.27 – $316.35 · fair‑value band $23.32 – $79.56 · the $208.83 price screens above the $47.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 2, 2026.

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Analysis

Marvell Technology Group Ltd (MRVL) currently trades at $208.83, while our model-based Fair Value estimate is $47.03, implying the stock looks roughly 344.0% overvalued today. The Quality Score stands at 77/100 (high quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of $80.86 per share, and 0 of the 26 models we run sit above the $208.83 price. Bear case: the Economic Profit group reads lowest at $10.68, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Marvell Technology Group Ltd 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 Sep 2, 2026

Our scenario range runs from $23.32 (bear case) to $79.56 (bull case); at $208.83, 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 36% below its 52-week high and 241% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at −77%, MRVL screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 7 months have passed since. In that time the company retained roughly $1.59 per share, which is 3.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF $20.79 $40.71 $84.64 75
Growth DCF $20.27 $41.92 $75.55 75
EPV $8.94 $10.68 $12.21 74
All 26 models by family
DCF Models
FCF DCF $20.79 $40.71 $84.64 75
Owner Earnings $56.10 $113.26 $221.01 72
5Y Revenue Exit $15.06 $28.28 $46.72 70
5Y EBITDA Exit $31.92 $65.16 $109.20 72
5Y P/E Exit $47.39 $98.99 $161.85 68
10Y Revenue Exit $16.24 $29.86 $51.99 64
10Y EBITDA Exit $28.21 $57.83 $107.45 65
10Y P/E Exit $38.73 $83.49 $154.18 60
Earnings-Based
Graham-Dodd $20.73 $116.32 $161.57 63
Lynch FV $32.57 $46.53 $60.48 61
PEG = 1.0 $32.57 $46.53 $60.48 57
EPV $8.94 $10.68 $12.21 74
Dividend Discount
Gordon GGM $2.15 $4.47 $7.09 66
DDM Multi-Stage $2.15 $3.77 $4.69 66
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 66
EV/EBITDA $39.01 $52.51 $66.02 67
EV/Revenue $12.39 $18.35 $24.31 53
Asset-Based
NCAV (Graham) $8.17 $10.95 $16.34 54
Growth DCF
Growth DCF $20.27 $41.92 $75.55 75
Rev-Margin DCF $15.06 $27.87 $45.49 70
Economic Profit
Residual Income $20.58 $28.75 $140.06 64
ROIC Compounder $8.94 $10.68 $12.21 72
Growth Earnings
Growth-Adj P/E $56.60 $80.86 $105.12 67

Widest divergence: Growth Earnings ($80.86) versus Dividend Discount ($3.77). Highest evidence: FCF DCF (75).

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Key figures & financial health

P/E ratio 69.7
P/S ratio 22.7 P/E × margin
EPS (TTM) $2.91 price ÷ EPS = P/E 69.7
Dividend yield 0.1% payout 8.2%
Net margin 32.6% FY2026
Return on equity 16.0% TTM
More key figures
Profitability
Return on assets (EBIT) −0.1% avg 5y
Operating margin 14.5% TTM
Growth
Revenue (TTM) $8.7B TTM
Revenue growth (YoY) +27.6% 3y avg +11.4%
EPS growth (YoY) −80.4%
Balance sheet & cash flow
Free cash flow $1.4B FY2026
Net debt $2.2B FY2026 · ≈ 1.5 yrs of FCF

Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 77/100

Of which business quality 73 · Market factors (momentum, volatility) 51

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 69
Price trend over the last 3–12 months (market factor)
52W Momentum 78
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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 Group Ltd 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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+5.7% (5.6 + 0.1)
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 344% overvalued. Compare with NVIDIA Corporation →

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

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Semiconductors · 325 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 −78% · 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) 69.7× · 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× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 65
PAST64 · sector 25
HEALTH86 · sector 96
DIVIDEND2 · sector 18

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

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $227.98 $98.98 −57%
Taiwan Semiconductor Manufacturing Company TSM $427.30 $296.10 −31%
Broadcom Inc AVGO $371.54 $118.27 −68%
SK hynix Inc 000660 1,647,000 KRW 1,481,291 KRW −10%
Micron Technology, Inc MU $932.86 $148.38 −84%
Advanced Micro Devices, Inc AMD $476.67 $55.02 −88%
Intel Corporation INTC $92.09 $35.41 −62%
Texas Instruments Incorporated TXN $266.54 $78.54 −71%
QUALCOMM Incorporated QCOM $164.78 $147.20 −11%
MediaTek Inc 2454 3,845 TWD 1,559 TWD −59%

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Frequently asked questions

Is Marvell Technology Group Ltd (MRVL) overvalued or undervalued?
As of Sep 2, 2026, our model estimates a fair value of $47.03 versus a price of $208.83, about −77% upside (overvalued).
What is the fair value of MRVL?
Our model-based fair value for Marvell Technology Group Ltd is $47.03 (as of Sep 2, 2026), built from audited fundamentals. The current price: $208.83.
What is the quality score of MRVL?
Marvell Technology Group Ltd 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 Group Ltd (MRVL)?
Marvell Technology Group Ltd reported trailing-twelve-month revenue of about $8.7B (latest available figure, as of Sep 2, 2026).
What is the net profit margin of MRVL?
The net profit margin of Marvell Technology Group Ltd is about 29.0%, meaning it keeps roughly 29.0% of revenue as net income. Based on the latest reported figures.
Does Marvell Technology Group Ltd pay a dividend?
Marvell Technology Group Ltd currently shows a dividend yield of about 0.11% relative to its recent price (as of Sep 2, 2026).
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