# Marvell Technology Inc. (MRVL) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $223.55, market value $200.9 billion.

## Valuation
- **P/E (trailing): 74.0×** (5-yr avg 25.7×, 3-yr avg 25.7×). Marvell Technology Inc. trades at 74.0× trailing earnings, well above its own five-year average of 25.7×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 33.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.08**. A PEG of 0.08 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 21.3×**. Each dollar of revenue is priced at 21.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 10.7×**. The shares trade at 10.7× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 0.9%** (5-yr avg 1.9%). Free cash flow equals 0.9% of the market value, below its five-year average of 1.9%, so the shares are pricier on cash than usual.
- **Earnings yield: 1.4%**. The inverse of the P/E: 1.4% of the price is earned each year.

## Profitability
- **Gross margin: 52.2%**. Marvell Technology Inc. keeps 52.2% of revenue after the direct cost of what it sells.
- **Operating margin: 16.5%**. 16.5% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 32.6%**. 32.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.7%**. 18.7% on shareholders' equity is solid.
- **Return on invested capital: 7.6%**. Return on all capital, debt included, is 7.6%.
- **Return on assets: 11.8%**. Each dollar of assets produces 11.8% of profit.

## Growth
- **Revenue growth (1 yr): 42.1%** (3-yr 11.4%/yr, 5-yr 22.5%/yr). Revenue grew 42.1% over the last year, against 22.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 401.0%**. Earnings per share rose 401.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 8.9%/yr**. Free cash flow has compounded at 8.9% a year over three years.

## Financial health
- **Debt to equity: 0.31**. Debt is 0.31 times equity: a conservative balance sheet.
- **Altman Z-score: 16.57**. A Z-score of 16.57 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.11%** ($0.24 per share, trailing). Marvell Technology Inc. yields 0.11%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 8%** (12% of free cash flow). 8% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: strong_buy** (41 analysts). 41 analysts cover Marvell Technology Inc.; the consensus is strong_buy, with an average price target of $285.00 (+27% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 249.5%** (YTD 163.4%, 3-mo -15.1%). The shares are up 249.5% over twelve months including dividends.
- **From 52-week high: -32.2%** (242.9% above the low). Trading 32% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 2.97** (volatility 79%). Beta of 2.97 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MRVL · Page: https://foliofundamentals.com/stocks/mrvl

Not investment advice.