Marvell Technology, Inc. (MRVL) Financial Ratios
27 years of historical data (2000–2026) · Technology · Semiconductors
EV/EBITDA
↓
114.08
↑+50% vs avg
5yr avg: 75.86
30Y Low8.8·High91.4
P/FCF
↓
106.76
↑+77% vs avg
5yr avg: 60.17
30Y Low7.6·High181.1
P/B Ratio
↑
10.46
↑+138% vs avg
5yr avg: 4.40
30Y Low1.1·High7.3
ROE
↑
19.3%
↓+4029% vs avg
5yr avg: 0.5%
30Y Low-20%·High165%
Debt/EBITDA
↓
3.38
↓-29% vs avg
5yr avg: 4.74
30Y Low0.0·High6.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MRVL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Marvell Technology, Inc. trades at 56.1x earnings, 118% above its 5-year average of 25.7x, sitting at the 83rd percentile of its historical range. Compared to the Technology sector median P/E of 27.2x, the stock trades at a premium of 106%. On a free-cash-flow basis, the stock trades at 106.8x P/FCF, 77% above the 5-year average of 60.2x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $149.1B | $68.6B | $97.7B | $58.3B | $36.7B | $56.9B | $34.4B | $16.3B | $11.0B | $11.9B | $7.7B |
| Enterprise Value | $150.9B | $70.5B | $101.1B | $61.8B | $40.6B | $61.0B | $35.0B | $17.2B | $12.1B | $11.0B | $6.9B |
| P/E Ratio → | 56.07 | 25.71 | — | — | — | — | — | 10.27 | — | 27.45 | 371.75 |
| P/S Ratio | 18.19 | 8.38 | 16.94 | 10.59 | 6.21 | 12.75 | 11.59 | 6.02 | 3.82 | 4.94 | 3.34 |
| P/B Ratio | 10.46 | 4.80 | 7.27 | 3.93 | 2.35 | 3.62 | 4.08 | 1.87 | 1.50 | 2.87 | 1.91 |
| P/FCF | 106.76 | 49.15 | 70.29 | 57.15 | 34.29 | 89.97 | 49.32 | 59.39 | 21.51 | 22.61 | — |
| P/OCF | 85.17 | 39.21 | 58.10 | 42.55 | 28.51 | 69.44 | 42.11 | 45.11 | 18.36 | 20.82 | — |
P/E links to full P/E history page with 30-year chart
MRVL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Marvell Technology, Inc.'s enterprise value stands at 114.1x EBITDA, 50% above its 5-year average of 75.9x. The Technology sector median is 17.3x, placing the stock at a 559% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.60 | 17.53 | 11.21 | 6.85 | 13.67 | 11.79 | 6.37 | 4.22 | 4.57 | 2.99 |
| EV / EBITDA | 114.08 | 53.27 | 158.77 | 74.41 | 24.88 | 67.97 | 91.35 | 50.26 | 25.17 | 18.67 | 19.63 |
| EV / EBIT | 114.08 | 53.27 | — | — | 158.64 | — | — | 19.44 | 217.28 | 24.35 | 46.56 |
| EV / FCF | — | 50.46 | 72.74 | 60.53 | 37.86 | 96.47 | 50.15 | 62.81 | 23.77 | 20.92 | — |
MRVL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Marvell Technology, Inc. earns an operating margin of 16.1%. Operating margins have expanded from -10.3% to 16.1% over the past 3 years, signaling improving operational efficiency. ROE of 19.3% indicates solid capital efficiency. ROIC of 6.0% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.0% | 51.0% | 41.3% | 41.6% | 50.5% | 46.3% | 50.1% | 50.3% | 50.9% | 60.7% | 56.0% |
| Operating Margin | 16.1% | 16.1% | -12.5% | -10.3% | 4.0% | -7.8% | -8.7% | -6.8% | 6.1% | 20.8% | 10.1% |
| Net Profit Margin | 32.6% | 32.6% | -15.3% | -16.9% | -2.8% | -9.4% | -9.3% | 58.7% | -6.2% | 17.9% | 0.9% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.3% | 19.3% | -6.3% | -6.1% | -1.0% | -3.5% | -3.2% | 19.8% | -3.1% | 10.6% | 0.5% |
| ROA | 12.6% | 12.6% | -4.3% | -4.3% | -0.7% | -2.6% | -2.5% | 15.0% | -2.4% | 9.2% | 0.4% |
| ROIC | 6.0% | 6.0% | -3.1% | -2.3% | 0.9% | -1.8% | -2.1% | -1.5% | 2.2% | 11.6% | 5.7% |
| ROCE | 7.1% | 7.1% | -3.8% | -2.9% | 1.2% | -2.3% | -2.6% | -1.8% | 2.5% | 11.9% | 5.5% |
MRVL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Marvell Technology, Inc. carries a Debt/EBITDA ratio of 3.4x, which is moderately leveraged (17% above the sector average of 2.9x). Net debt stands at $1.8B ($4.5B total debt minus $2.6B cash). Interest coverage of 6.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.31 | 0.31 | 0.32 | 0.30 | 0.30 | 0.30 | 0.16 | 0.18 | 0.24 | — | — |
| Debt / EBITDA | 3.38 | 3.38 | 6.82 | 5.30 | 2.91 | 5.27 | 3.47 | 4.63 | 3.60 | — | — |
| Net Debt / Equity | — | 0.13 | 0.25 | 0.23 | 0.24 | 0.26 | 0.07 | 0.11 | 0.16 | -0.21 | -0.20 |
| Net Debt / EBITDA | 1.38 | 1.38 | 5.33 | 4.16 | 2.35 | 4.58 | 1.52 | 2.74 | 2.39 | -1.51 | -2.32 |
| Debt / FCF | — | 1.31 | 2.44 | 3.38 | 3.57 | 6.50 | 0.83 | 3.42 | 2.26 | -1.69 | — |
| Interest Coverage | 6.53 | 6.53 | -3.80 | -2.68 | 1.40 | -2.50 | -3.73 | -2.13 | 2.88 | 733.17 | 630.54 |
MRVL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Marvell Technology, Inc.'s current ratio of 2.01x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.58x 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 1.69x to 2.01x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.01 | 2.01 | 1.54 | 1.69 | 1.37 | 1.80 | 1.50 | 2.16 | 2.19 | 5.61 | 4.61 |
| Quick Ratio | 1.58 | 1.58 | 1.03 | 1.21 | 0.93 | 1.28 | 1.25 | 1.71 | 1.76 | 5.21 | 4.27 |
| Cash Ratio | 0.82 | 0.82 | 0.47 | 0.52 | 0.38 | 0.44 | 0.69 | 0.91 | 0.91 | 4.37 | 3.36 |
| Asset Turnover | — | 0.37 | 0.29 | 0.26 | 0.26 | 0.20 | 0.28 | 0.24 | 0.29 | 0.51 | 0.49 |
| Inventory Turnover | 2.89 | 2.89 | 3.29 | 3.72 | 2.74 | 3.33 | 5.52 | 4.16 | 5.10 | 5.57 | 5.92 |
| Days Sales Outstanding | — | 97.39 | 65.09 | 74.33 | 73.51 | 85.77 | 65.98 | 66.58 | 62.81 | 42.48 | 53.20 |
MRVL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Marvell Technology, Inc. returns 1.5% to shareholders annually — split between a 0.1% dividend yield and 1.4% buyback yield. The payout ratio of 7.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.3% | 0.2% | 0.4% | 0.6% | 0.3% | 0.5% | 1.0% | 1.4% | 1.0% | 1.6% |
| Payout Ratio | 7.7% | 7.7% | — | — | — | — | — | 10.1% | — | 27.6% | 578.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 3.9% | — | — | — | — | — | 9.7% | — | 3.6% | 0.3% |
| FCF Yield | 0.9% | 2.0% | 1.4% | 1.7% | 2.9% | 1.1% | 2.0% | 1.7% | 4.6% | 4.4% | — |
| Buyback Yield | 1.4% | 3.0% | 0.7% | 0.3% | 0.3% | 0.0% | 0.1% | 2.2% | 0.9% | 4.4% | 2.4% |
| Total Shareholder Yield | 1.5% | 3.3% | 1.0% | 0.6% | 0.9% | 0.3% | 0.5% | 3.2% | 2.3% | 5.4% | 3.9% |
| Shares Outstanding | — | $870M | $866M | $861M | $851M | $797M | $669M | $676M | $591M | $510M | $518M |
Peer Comparison
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 | $149B | 56.1 | 114.1 | 106.8 | 51.0% | 16.1% | 19.3% | 6.0% | 3.4 |
 AVGO | $2.0T | 89.2 | 60.3 | 74.9 | 67.8% | 39.9% | 31.0% | 14.9% | 1.9 |
 QCOM | $203B | 38.5 | 15.2 | 15.8 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 MCHP | $56B | -9999.0 | 57.9 | 72.2 | 56.1% | 6.7% | -0.0% | 1.8% | 5.4 |
 SWKS | $10B | 21.1 | 10.2 | 8.8 | 41.2% | 12.2% | 7.9% | 6.3% | 1.2 |
 MPWR | $81B | 129.6 | 102.7 | 121.8 | 55.2% | 26.1% | 18.4% | 22.2% | 0.0 |
 CRUS | $9B | 27.9 | 18.1 | 21.1 | 52.5% | 21.6% | 17.6% | 20.4% | 0.3 |
 SLAB | $7B | -109.4 | — | 108.5 | 58.2% | -9.0% | -6.0% | -6.9% | — |
 MTSI | $23B | -424.4 | 122.7 | 120.5 | 54.9% | 13.4% | -4.4% | 6.0% | 2.8 |
 ANET | $185B | 53.5 | 46.6 | 43.5 | 64.1% | 42.8% | 31.4% | 32.8% | — |
 TSM | $2.2T | 39.5 | 25.2 | 62.4 | 59.9% | 50.8% | 35.7% | 42.7% | 0.4 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonMRVL — Frequently Asked Questions
Quick answers to the most common questions about buying MRVL stock.
What is Marvell Technology, Inc.'s P/E ratio?
Marvell Technology, Inc.'s current P/E ratio is 56.1x. The historical average is 29.2x. This places it at the 83th percentile of its historical range.
What is Marvell Technology, Inc.'s EV/EBITDA?
Marvell Technology, Inc.'s current EV/EBITDA is 114.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 33.6x.
What is Marvell Technology, Inc.'s ROE?
Marvell Technology, Inc.'s return on equity (ROE) is 19.3%. The historical average is 7.9%.
Is MRVL stock overvalued?
Based on historical data, Marvell Technology, Inc. is trading at a P/E of 56.1x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Marvell Technology, Inc.'s dividend yield?
Marvell Technology, Inc.'s current dividend yield is 0.14% with a payout ratio of 7.7%.
What are Marvell Technology, Inc.'s profit margins?
Marvell Technology, Inc. has 51.0% gross margin and 16.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Marvell Technology, Inc. have?
Marvell Technology, Inc.'s Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.