Marvell Technology, Inc.

NasdaqGS:MRVL Stock Report

Market Cap: US$45.3b

Marvell Technology Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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.

Discounted Cash Flow
Simply Wall St
US$74.51
Fair Value
28.4% undervalued intrinsic discount
36
Number of Analysts

Below Fair Value: MRVL ($53.32) is trading below our estimate of fair value ($74.51)

Significantly Below Fair Value: MRVL is trading below fair value by more than 20%.

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 Ratio8x
SalesUS$5.77b
Market CapUS$45.26b

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 Average5x
NXPI NXP Semiconductors
3.5x5.5%US$43.5b
MU Micron Technology
2.5x14.5%US$79.4b
ADI Analog Devices
9.5x10.9%US$88.6b
MCHP Microchip Technology
4.4x8.2%US$20.9b
MRVL Marvell Technology
8x18.4%US$45.3b

Price-To-Sales vs Peers: MRVL is expensive based on its Price-To-Sales Ratio (8x) compared to the peer average (5x).

Price to Sales Ratio vs Industry

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

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
AMKR Amkor Technology
0.7x3.7%US$4.20b
PENG Penguin Solutions
0.7x10.3%US$908.76m
UCTT Ultra Clean Holdings
0.4x6.0%US$891.81m
JKS JinkoSolar Holding
0.07x10.2%US$821.77m
MRVL 8.0xIndustry Avg. 2.9xNo. of Companies17PS02.85.68.411.214+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MRVL is expensive based on its Price-To-Sales Ratio (8x) compared to the US Semiconductor industry average (2.9x).

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 Ratio8x
Fair PS Ratio7.3x

Price-To-Sales vs Fair Ratio: MRVL is expensive based on its Price-To-Sales Ratio (8x) compared to the estimated Fair Price-To-Sales Ratio (7.3x).

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$53.32
US$108.35
+103.2%
17.6%US$140.00US$60.00n/a36
Apr ’26US$62.67
US$112.79
+80.0%
13.5%US$140.00US$80.90n/a36
Mar ’26US$91.82
US$129.56
+41.1%
14.3%US$188.00US$87.00n/a35
Feb ’26US$112.86
US$129.25
+14.5%
14.4%US$188.00US$87.00n/a35
Jan ’26US$110.45
US$120.91
+9.5%
14.0%US$160.00US$74.20n/a34
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$61.00US$62.6732
Mar ’25US$77.61
US$74.03
-4.6%
12.1%US$100.00US$56.00US$91.8230
Feb ’25US$66.87
US$71.92
+7.6%
11.3%US$100.00US$56.00US$112.8631
Jan ’25US$60.31
US$67.47
+11.9%
11.0%US$100.00US$56.00US$110.4531
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
AnalystConsensusTarget
Consensus Narrative from 36 Analysts
US$108.35
Fair Value
50.8% undervalued intrinsic discount
36
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/15 04:12
End of Day Share Price 2025/04/15 00:00
Earnings2025/02/01
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 74 analysts. 36 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