Marvell Technology Group Ltd (MRVL) fair value: what the stock is really worth
We calculate from audited financials what Marvell Technology Group Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Technology · US · Market cap $196B · ISIN US5738741041
At a glance
MTMarvell Technology Group LtdMRVL · US
Price$225.41
Fair Value$47.03
Upside−79.1%
Quality77/100
A strong business, but trading 379% above our fair value of $47.03.
As of Sep 10, 2026, the fair value of Marvell Technology Group Ltd is $47.03 per share against a price of $225.41, so the fair value sits 79% below the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +22.5 %/yr)
✓Highly profitable · 29.0% net margin
✓Low debt · generates free cash flow
·0.11% dividend yield
!Mixed vs. peers (7/15)
!Moderate moat 64/100
!Weak on dividend: 2 out of 100
Evidence: HighRange $23.32 to $79.56
Fair value as of: Sep 10, 2026
From 26 valuation models · updated today
Share price +3.1% over the past month.
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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)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 10, 2026.
How to read this chart
60‑month range $34.27 – $316.35 · fair‑value band $23.32 – $79.56 · the $225.41 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 10, 2026.
Marvell Technology Group Ltd (MRVL) currently trades at $225.41, while our model-based Fair Value estimate is $47.03, implying the stock looks roughly 379.4% 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 $225.41 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 10, 2026
Scenario range: $23.32 (bear) to $79.56 (bull), the price of $225.41 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 30% below its 52-week high and 268% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −63% fair-value upside, at −79%, MRVL screens richer than that median.
Fair Value models
Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($1.62 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
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.
ModelBear ⓘ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
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Key figures & financial health
P/E ratio75.2
P/S ratio24.5P/E × margin
EPS (TTM)$2.91price ÷ EPS = P/E 75.2
Dividend yield0.1%payout 8.2%
Net margin32.6%FY2026
Return on equity16.0%TTM
More key figures
Profitability
Return on assets (EBIT)−0.1%avg 5y
Operating margin14.5%TTM
Growth
Revenue (TTM)$8.7BTTM
Revenue growth (YoY)+27.6%3y avg +11.4%
EPS growth (YoY)−80.4%
Balance sheet & cash flow
Free cash flow$1.4BFY2026
Net debt$2.2BFY2026 · ≈ 1.5 yrs of FCF
Figures from reported company fundamentals · as of Sep 10, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality77/100
Of which business quality 73
· Market factors (momentum, volatility) 54
Profitability59
Margins and returns on capital today
Quality Growth98
Are margins and returns improving?
Cashflow59
Earnings quality: real cash, not paper profit
Fin. Strength73
Balance sheet, leverage, solvency risk
Investment96
Disciplined investing over empire-building
Low Volatility0
Calm price path (market factor)
Momentum74
Price trend over the last 3–12 months (market factor)
52W Momentum81
Distance to the 52-week high (market factor)
Net Issuance76
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%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+5.6%
Dividend yield0.1%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 5.6% vs 10Y 21.5%, flattening
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−8.7% (2021) → 16.3% (2026) · rising
Worst earnings drop1,069% (2025) (loss year, drop beyond 100%) · in USD
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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.
Valuation
Quality Score77 · Top 25%
Fair Value upside−79% · Bottom 25%
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets4% · Above median
Net margin (TTM)29% · Top 25%
Operating margin (TTM)14% · Above median
Growth and dividend
Revenue growth28% · Above median
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.28× · Above median
Valuation Multiples vs Semiconductors median · lower = cheaper
P/E (TTM)75.2× · Pricier than median
P/B11.84× · Priciest 25%
P/S (TTM)19.43× · Priciest 25%
P/FCF121.3× · Priciest 25%
EV/EBITDA62.9× · Priciest 25%
PEG1.06× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Marvell Technology Group Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+39.5 % per year
Achieved revenue growth, 5 years+22.5 % p.a.
Sector median revenue growth+8.2 %
FCF yield on price0.71 %
Discount rate (WACC) in the models11.5 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 66
PAST64· sector 24
HEALTH86· sector 96
DIVIDEND2· sector 19
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 10, 2026).
Is Marvell Technology Group Ltd (MRVL) overvalued or undervalued?
As of Sep 10, 2026, our model estimates a fair value of $47.03 versus a price of $225.41, about −79% 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 10, 2026), built from audited fundamentals. The current price: $225.41.
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 price target for Marvell Technology Group Ltd (MRVL)?
Our model-based price target is the fair value of $47.03 (as of Sep 10, 2026) from 26 valuation models. Cautious scenario $23.32, optimistic scenario $79.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Marvell Technology Group Ltd stock forecast for 2026?
Our models put fair value at $47.03, about −79% upside versus a price of $225.41 (overvalued). Cautious scenario $23.32, optimistic scenario $79.56. The calculation is refreshed regularly with new filings.
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 10, 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 10, 2026).
What growth is priced into Marvell Technology Group Ltd (MRVL)?
For today's price to be fair in a discounted-cash-flow model, Marvell Technology Group Ltd would have to grow free cash flow by +39.5 % per year for ten years (discount rate 11.5 %, then 2 % perpetual growth). Over the last 5 years revenue grew +22.5 % per year. As of Sep 10, 2026.
What discount rate (WACC) does the fair value of MRVL use?
Our models discount Marvell Technology Group Ltd at 11.5 %: a base by market capitalisation (large), damped by beta 2.28, country premium for USA. The same rate applies in all 26 models.
What is the intrinsic value of Marvell Technology Group Ltd (MRVL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Marvell Technology Group Ltd it is $47.03 per share (as of Sep 10, 2026), against a price of $225.41. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Marvell Technology Group Ltd stock overvalued or undervalued in 2026?
As of Sep 10, 2026, MRVL trades above its calculated fair value: price $225.41, fair value $47.03, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MRVL?
No. The price is what the market pays today ($225.41); the fair value is what the company's own numbers justify ($47.03). For Marvell Technology Group Ltd the two are $178.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Marvell Technology Group Ltd worth?
The market values Marvell Technology Group Ltd at about $196B (market capitalisation, as of Sep 10, 2026). Per share that is $225.41; our models calculate a fair value of $47.03 per share.
What do the bullish and bearish scenarios say about MRVL?
Our models span a range for Marvell Technology Group Ltd: cautious scenario $23.32, base $47.03, optimistic $79.56 per share (as of Sep 10, 2026, price $225.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MRVL?
Marvell Technology Group Ltd trades at a price-to-earnings ratio of 75.2 (as of Sep 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $47.03 is built from several models across several years. Other multiples: PEG 1.1, P/B 11.8, P/S 19.4, EV/EBITDA 62.9.
What is the PEG ratio of MRVL?
The PEG ratio of Marvell Technology Group Ltd is 1.06 (P/E divided by earnings growth, as of Sep 10, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Marvell Technology Group Ltd (MRVL)?
Balance-sheet figures for Marvell Technology Group Ltd (as of Sep 10, 2026): return on equity 16.0%, debt of 0.28 per unit of equity. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is MRVL from its 52-week high?
Marvell Technology Group Ltd trades at $225.41, about 30% below its 52-week high of $324.20 and 268% above the low of $61.32 (as of Sep 10, 2026). Distance from the high says nothing about value: that is what the fair value of $47.03 is for.
Which stocks are comparable to Marvell Technology Group Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Marvell Technology Group Ltd stock attractive at the current price?
The data as of Sep 10, 2026: price $225.41, calculated fair value $47.03 (−79%), Quality Score 77/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MRVL calculated?
We run Marvell Technology Group Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $47.03, with the spread shown as a cautious and an optimistic scenario.
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Marvell Technology Group Ltd
MRVL · US