Marvell Technology, Inc.

DB:9MW Stock Report

Market Cap: €65.2b

Marvell Technology Valuation

Is 9MW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 9MW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Learn how to determine fair value like the best investors in the world.

Below Fair Value: 9MW (€77.22) is trading below our estimate of fair value (€84.79)

Significantly Below Fair Value: 9MW is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9MW?

Key metric: As 9MW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9MW. This is calculated by dividing 9MW's market cap by their current earnings.
What is 9MW's PE Ratio?
PE Ratio30.9x
EarningsUS$2.47b
Market CapUS$76.52b

Price to Earnings Ratio vs Peers

How does 9MW's PE Ratio compare to its peers?

The above table shows the PE ratio for 9MW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average53.7x
IFX Infineon Technologies
52.6x25.54%€52.1b
ELG Elmos Semiconductor
14.3x5.29%€1.8b
2454 MediaTek
22.3x13.23%NT$2.4t
981 Semiconductor Manufacturing International
125.3x23.12%HK$747.4b
9MW Marvell Technology
30.9x5.90%€76.5b

Price-To-Earnings vs Peers: 9MW is good value based on its Price-To-Earnings Ratio (30.9x) compared to the peer average (54x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 9MW's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
9MW 30.9xIndustry Avg. 42.2xNo. of Companies4PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9MW is good value based on its Price-To-Earnings Ratio (30.9x) compared to the European Semiconductor industry average (42.2x).

Price to Earnings Ratio vs Fair Ratio

What is 9MW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9MW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.9x
Fair PE Ratio38.2x

Price-To-Earnings vs Fair Ratio: 9MW is good value based on its Price-To-Earnings Ratio (30.9x) compared to the estimated Fair Price-To-Earnings Ratio (38.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 9MW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€77.22
€99.95
+29.44%
13.57%€133.04€76.75n/a40
Dec ’26€79.49
€79.22
-0.33%
15.39%€105.09€50.13n/a41
Nov ’26€80.72
€78.14
-3.20%
15.72%€105.84€50.49n/a38
Oct ’26€70.58
€74.30
+5.27%
15.36%€103.92€49.57n/a39
Sep ’26€55.20
€73.37
+32.91%
15.71%€104.15€49.51n/a39
Aug ’26€64.30
€79.04
+22.93%
17.31%€116.41€56.29n/a39
Jul ’26€64.91
€76.77
+18.27%
17.39%€112.81€54.55n/a39
Jun ’26€53.00
€79.64
+50.27%
20.89%€117.15€52.85n/a37
May ’26€49.23
€90.91
+84.65%
20.01%€118.73€52.77n/a36
Apr ’26€56.98
€104.25
+82.96%
13.55%€129.40€74.78n/a36
Mar ’26€83.63
€124.55
+48.93%
14.29%€180.72€83.63n/a35
Feb ’26€109.60
€123.90
+13.04%
14.44%€180.22€83.40n/a35
Jan ’26€106.72
€116.02
+8.72%
13.97%€153.54€71.20€72.2534
Dec ’25€88.35
€91.47
+3.53%
13.32%€115.29€70.12€79.4933
Nov ’25€78.26
€84.78
+8.34%
10.35%€111.17€68.74€80.7231
Oct ’25€63.20
€81.98
+29.72%
10.35%€107.50€66.47€70.5831
Sep ’25€67.98
€83.80
+23.28%
9.17%€108.58€67.86€55.2031
Aug ’25€58.68
€83.25
+41.87%
7.43%€96.80€69.14€64.3031
Jul ’25€64.55
€83.76
+29.76%
7.73%€98.02€70.01€64.9132
Jun ’25€62.36
€82.91
+32.95%
7.55%€96.79€69.14€53.0032
May ’25€63.81
€82.53
+29.33%
9.86%€98.56€61.02€49.2332
Apr ’25€66.35
€81.67
+23.09%
10.62%€97.34€56.55€56.9832
Mar ’25€70.67
€68.50
-3.08%
12.06%€92.52€51.81€83.6330
Feb ’25€61.00
€66.56
+9.12%
11.26%€92.55€51.83€109.6031
Jan ’25€55.48
€61.10
+10.13%
11.04%€90.56€50.71€106.7231
€100.31
Fair Value
23.0% undervalued intrinsic discount
40
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/06 17:43
End of Day Share Price 2026/01/05 00:00
Earnings2025/11/01
Annual Earnings2025/02/01

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Marvell Technology, Inc. is covered by 71 analysts. 41 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brett SimpsonArete Research Services LLP
James KelleherArgus Research Company
Timothy LukeBarclays