26 years of historical data (2000–2025) · Technology · Semiconductors
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Marvell Technology, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 50.9x P/FCF, 15% below the 5-year average of 60.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $70.7B | $97.7B | $58.3B | $36.7B | $56.9B | $34.4B | $16.3B | $11.0B | $11.9B | $7.7B | $4.5B |
| Enterprise Value | $74.1B | $101.1B | $61.8B | $40.6B | $61.0B | $35.0B | $17.2B | $12.1B | $11.0B | $6.9B | $3.2B |
| P/E Ratio → | -80.09 | — | — | — | — | — | 10.27 | — | 27.45 | 371.75 | — |
| P/S Ratio | 12.27 | 16.94 | 10.59 | 6.21 | 12.75 | 11.59 | 6.02 | 3.82 | 4.94 | 3.34 | 1.71 |
| P/B Ratio | 5.27 | 7.27 | 3.93 | 2.35 | 3.62 | 4.08 | 1.87 | 1.50 | 2.87 | 1.91 | 1.09 |
| P/FCF | 50.91 | 70.29 | 57.15 | 34.29 | 89.97 | 49.32 | 59.39 | 21.51 | 22.61 | — | 30.22 |
| P/OCF | 42.08 | 58.10 | 42.55 | 28.51 | 69.44 | 42.11 | 45.11 | 18.36 | 20.82 | — | 22.02 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Marvell Technology, Inc.'s enterprise value stands at 116.5x EBITDA, 40% above its 5-year average of 83.5x. The Technology sector median is 15.7x, placing the stock at a 640% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 17.53 | 11.21 | 6.85 | 13.67 | 11.79 | 6.37 | 4.22 | 4.57 | 2.99 | 1.22 |
| EV / EBITDA | 116.46 | 158.77 | 74.41 | 24.88 | 67.97 | 91.35 | 50.26 | 25.17 | 18.67 | 19.63 | 23.64 |
| EV / EBIT | — | — | — | 158.64 | — | — | 19.44 | 217.28 | 24.35 | 46.56 | — |
| EV / FCF | — | 72.74 | 60.53 | 37.86 | 96.47 | 50.15 | 62.81 | 23.77 | 20.92 | — | 21.68 |
Margins and return-on-capital ratios measuring operating efficiency
Marvell Technology, Inc. earns an operating margin of -12.5%. Operating margins have compressed from 4.0% to -12.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -6.3% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.3% | 41.3% | 41.6% | 50.5% | 46.3% | 50.1% | 50.3% | 50.9% | 60.7% | 56.0% | 48.6% |
| Operating Margin | -12.5% | -12.5% | -10.3% | 4.0% | -7.8% | -8.7% | -6.8% | 6.1% | 20.8% | 10.1% | 0.9% |
| Net Profit Margin | -15.3% | -15.3% | -16.9% | -2.8% | -9.4% | -9.3% | 58.7% | -6.2% | 17.9% | 0.9% | -30.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.3% | -6.3% | -6.1% | -1.0% | -3.5% | -3.2% | 19.8% | -3.1% | 10.6% | 0.5% | -17.5% |
| ROA | -4.3% | -4.3% | -4.3% | -0.7% | -2.6% | -2.5% | 15.0% | -2.4% | 9.2% | 0.4% | -14.3% |
| ROIC | -3.1% | -3.1% | -2.3% | 0.9% | -1.8% | -2.1% | -1.5% | 2.2% | 11.6% | 5.7% | 0.5% |
| ROCE | -3.8% | -3.8% | -2.9% | 1.2% | -2.3% | -2.6% | -1.8% | 2.5% | 11.9% | 5.5% | 0.5% |
Solvency and debt-coverage ratios — lower is generally safer
Marvell Technology, Inc. carries a Debt/EBITDA ratio of 6.8x, which is highly leveraged (130% above the sector average of 3.0x). Net debt stands at $3.4B ($4.3B total debt minus $948M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.32 | 0.32 | 0.30 | 0.30 | 0.30 | 0.16 | 0.18 | 0.24 | — | — | — |
| Debt / EBITDA | 6.82 | 6.82 | 5.30 | 2.91 | 5.27 | 3.47 | 4.63 | 3.60 | — | — | — |
| Net Debt / Equity | — | 0.25 | 0.23 | 0.24 | 0.26 | 0.07 | 0.11 | 0.16 | -0.21 | -0.20 | -0.31 |
| Net Debt / EBITDA | 5.33 | 5.33 | 4.16 | 2.35 | 4.58 | 1.52 | 2.74 | 2.39 | -1.51 | -2.32 | -9.31 |
| Debt / FCF | — | 2.44 | 3.38 | 3.57 | 6.50 | 0.83 | 3.42 | 2.26 | -1.69 | — | -8.54 |
| Interest Coverage | -3.80 | -3.80 | -2.68 | 1.40 | -2.50 | -3.73 | -2.13 | 2.88 | 733.17 | 630.54 | 34.51 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.54x means Marvell Technology, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.03x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.37x to 1.54x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.54 | 1.54 | 1.69 | 1.37 | 1.80 | 1.50 | 2.16 | 2.19 | 5.61 | 4.61 | 2.41 |
| Quick Ratio | 1.03 | 1.03 | 1.21 | 0.93 | 1.28 | 1.25 | 1.71 | 1.76 | 5.21 | 4.27 | 2.25 |
| Cash Ratio | 0.47 | 0.47 | 0.52 | 0.38 | 0.44 | 0.69 | 0.91 | 0.91 | 4.37 | 3.36 | 1.86 |
| Asset Turnover | — | 0.29 | 0.26 | 0.26 | 0.20 | 0.28 | 0.24 | 0.29 | 0.51 | 0.49 | 0.49 |
| Inventory Turnover | 3.29 | 3.29 | 3.72 | 2.74 | 3.33 | 5.52 | 4.16 | 5.10 | 5.57 | 5.92 | 6.77 |
| Days Sales Outstanding | — | 65.09 | 74.33 | 73.51 | 85.77 | 65.98 | 66.58 | 62.81 | 42.48 | 53.20 | 44.54 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Marvell Technology, Inc. returns 1.3% to shareholders annually — split between a 0.3% dividend yield and 1.0% buyback yield.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.2% | 0.4% | 0.6% | 0.3% | 0.5% | 1.0% | 1.4% | 1.0% | 1.6% | 2.7% |
| Payout Ratio | — | — | — | — | — | — | 10.1% | — | 27.6% | 578.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | 9.7% | — | 3.6% | 0.3% | — |
| FCF Yield | 2.0% | 1.4% | 1.7% | 2.9% | 1.1% | 2.0% | 1.7% | 4.6% | 4.4% | — | 3.3% |
| Buyback Yield | 1.0% | 0.7% | 0.3% | 0.3% | 0.0% | 0.1% | 2.2% | 0.9% | 4.4% | 2.4% | 5.8% |
| Total Shareholder Yield | 1.3% | 1.0% | 0.6% | 0.9% | 0.3% | 0.5% | 3.2% | 2.3% | 5.4% | 3.9% | 8.5% |
| Shares Outstanding | — | $866M | $861M | $851M | $797M | $669M | $676M | $591M | $510M | $518M | $511M |
Compare MRVL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| MRVLYou | $71B | -80.1 | 116.5 | 50.9 | 41.3% | -12.5% | -6.3% | -3.1% | 6.8 |
| AVGO | $1.5T | 67.0 | 44.1 | 56.3 | 67.8% | 39.9% | 31.0% | 14.9% | 1.8 |
| TXN | $193B | 38.9 | 25.3 | 74.0 | 57.0% | 34.1% | 30.1% | 16.6% | 1.8 |
| ADI | $174B | 78.0 | 36.5 | 40.6 | 61.5% | 26.6% | 6.6% | 5.4% | 1.8 |
| QCOM | $153B | 28.4 | 11.6 | 11.9 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
| NXPI | $57B | 28.6 | 16.0 | 23.6 | 54.4% | 27.0% | 20.2% | 13.5% | 3.0 |
| MCHP | $40B | -9999.0 | 43.1 | 52.1 | 56.1% | 6.7% | -0.0% | 1.8% | 5.4 |
| STM | $30B | 20.2 | 9.0 | — | 39.3% | 12.6% | 9.0% | 7.1% | 0.9 |
| ALAB | $20B | 97.4 | 111.3 | 71.8 | 75.7% | 20.3% | 18.8% | 12.5% | — |
| MTSI | $19B | -339.9 | 98.7 | 96.5 | 54.9% | 13.4% | -4.4% | 6.0% | 2.8 |
| SITM | $10B | -98.2 | — | — | 51.6% | -56.9% | -13.3% | -12.3% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 26 years · Updated daily
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Start ComparisonMarvell Technology, Inc.'s current P/E ratio is -80.1x. The historical average is 29.6x.
Marvell Technology, Inc.'s current EV/EBITDA is 116.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.7x.
Marvell Technology, Inc.'s return on equity (ROE) is -6.3%. The historical average is 7.4%.
Based on historical data, Marvell Technology, Inc. is trading at a P/E of -80.1x. Compare with industry peers and growth rates for a complete picture.
Marvell Technology, Inc.'s current dividend yield is 0.29%.
Marvell Technology, Inc. has 41.3% gross margin and -12.5% operating margin.
Marvell Technology, Inc.'s Debt/EBITDA ratio is 6.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.