Marvell Technology, Inc.

NasdaqGS:MRVL Stock Report

Market Cap: US$96.8b

Marvell Technology Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: MRVL ($111.9) is trading above our estimate of fair value ($72.28)

Significantly Below Fair Value: MRVL is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As MRVL is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MRVL. This is calculated by dividing MRVL's market cap by their current revenue.
What is MRVL's PS Ratio?
PS Ratio18x
SalesUS$5.38b
Market CapUS$96.83b

Price to Sales Ratio vs Peers

How does MRVL's PS Ratio compare to its peers?

The above table shows the PS ratio for MRVL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average14.5x
ADI Analog Devices
11.1x9.7%US$105.1b
MU Micron Technology
3.5x14.9%US$100.4b
ARM Arm Holdings
39.3x18.1%US$138.9b
NXPI NXP Semiconductors
4.1x5.4%US$53.4b
MRVL Marvell Technology
18x22.0%US$96.8b

Price-To-Sales vs Peers: MRVL is expensive based on its Price-To-Sales Ratio (18x) compared to the peer average (14.6x).

Price to Sales Ratio vs Industry

How does MRVL's PS Ratio compare vs other companies in the US Semiconductor Industry?

19 CompaniesPrice / SalesEstimated GrowthMarket Cap
UCTT Ultra Clean Holdings
0.8x10.5%US$1.58b
JKS JinkoSolar Holding
0.09x9.6%US$1.27b
DQ Daqo New Energy
0.9x24.0%US$1.16b
PENG Penguin Solutions
0.8x11.9%US$986.40m
MRVL 18.0xIndustry Avg. 4.1xNo. of Companies19PS03.67.210.814.418+
19 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MRVL is expensive based on its Price-To-Sales Ratio (18x) compared to the US Semiconductor industry average (4.1x).

Price to Sales Ratio vs Fair Ratio

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

MRVL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio18x
Fair PS Ratio9.2x

Price-To-Sales vs Fair Ratio: MRVL is expensive based on its Price-To-Sales Ratio (18x) compared to the estimated Fair Price-To-Sales Ratio (9.2x).

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 MRVL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$111.90
US$120.80
+8.0%
14.2%US$160.00US$74.20n/a33
Dec ’25US$92.69
US$96.79
+4.4%
13.3%US$122.00US$74.20n/a33
Nov ’25US$84.77
US$91.52
+8.0%
10.3%US$120.00US$74.20n/a31
Oct ’25US$70.31
US$91.52
+30.2%
10.3%US$120.00US$74.20n/a31
Sep ’25US$76.24
US$92.62
+21.5%
9.2%US$120.00US$75.00n/a31
Aug ’25US$63.06
US$90.30
+43.2%
7.4%US$105.00US$75.00n/a31
Jul ’25US$71.00
US$89.73
+26.4%
7.7%US$105.00US$75.00n/a32
Jun ’25US$68.81
US$89.94
+30.7%
7.6%US$105.00US$75.00n/a32
May ’25US$63.82
US$87.92
+37.8%
9.9%US$105.00US$65.00n/a32
Apr ’25US$73.20
US$88.10
+20.4%
10.6%US$105.00US$61.00n/a32
Mar ’25US$77.61
US$74.03
-4.6%
12.1%US$100.00US$56.00n/a30
Feb ’25US$66.87
US$71.92
+7.6%
11.3%US$100.00US$56.00n/a31
Jan ’25US$60.31
US$67.47
+11.9%
11.0%US$100.00US$56.00n/a31
Dec ’24US$52.80
US$67.64
+28.1%
11.2%US$100.00US$56.00US$92.6931
Nov ’24US$47.70
US$69.79
+46.3%
11.9%US$100.00US$56.00US$84.7730
Oct ’24US$54.13
US$69.90
+29.1%
11.5%US$100.00US$56.00US$70.3131
Sep ’24US$57.95
US$70.33
+21.4%
11.0%US$100.00US$60.00US$76.2430
Aug ’24US$65.93
US$69.70
+5.7%
11.8%US$100.00US$60.00US$63.0630
Jul ’24US$59.78
US$67.10
+12.3%
11.7%US$100.00US$55.00US$71.0029
Jun ’24US$61.10
US$65.71
+7.5%
12.9%US$100.00US$50.00US$68.8130
May ’24US$40.01
US$57.23
+43.0%
19.4%US$100.00US$45.00US$63.8230
Apr ’24US$43.30
US$57.13
+31.9%
19.3%US$100.00US$45.00US$73.2030
Mar ’24US$45.36
US$61.23
+35.0%
23.9%US$125.00US$41.00US$77.6129
Feb ’24US$46.12
US$61.41
+33.1%
23.8%US$125.00US$41.00US$66.8729
Jan ’24US$37.04
US$62.46
+68.6%
22.9%US$125.00US$41.00US$60.3130
Dec ’23US$45.40
US$69.77
+53.7%
19.9%US$125.00US$52.00US$52.8030

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:00
End of Day Share Price 2024/12/20 00:00
Earnings2024/11/02
Annual Earnings2024/02/03

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 here.

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 .

Analyst Sources

Marvell Technology, Inc. is covered by 78 analysts. 32 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
Ishan MajumdarBaptista Research