Marvell Technology, Inc. (MRVL) Key Metrics
MRVL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $204.75B
- Enterprise value
- $169.78B
- P/E (TTM)
- 72.3 10-yr median 26.6
- Forward P/E
- 62.1
- PEG ratio
- 1.39
- Price / sales
- 21.7 10-yr median 7.3
- Price / book
- 12.7 10-yr median 3.2
- EV / EBITDA
- 36.9 10-yr median 29.2
- Dividend yield
- 0.10% $0.24 a year
- Beta
- 2.26
MRVL key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsMRVL valuation Price multiples at each fiscal year-end price.
MRVL returns How much profit the business earns on the capital it uses.
MRVL per-share figures Results divided by the shares outstanding at year-end.
MRVL financial health Debt, liquidity and how easily interest is covered.
MRVL efficiency & capital use Working capital cycle and where the cash goes.
MRVL valuation history
MRVL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MRVL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MRVL cash returned to shareholders
MRVL price vs earnings per share
MRVL key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $68.64B | $97.68B | $58.31B | $36.74B | $56.90B | $34.42B | $16.25B | $10.96B | $11.89B | $7.70B |
| Enterprise value | $70.79B | $101.08B | $61.76B | $40.56B | $61.01B | $35.00B | $17.07B | $12.25B | $10.11B | $6.06B |
| P/E ratio | 25.7 | — | — | — | — | — | 10.3 | — | 27.5 | 363.8 |
| Price / sales | 8.4 | 16.9 | 10.6 | 6.2 | 12.7 | 11.6 | 6.0 | 3.8 | 4.9 | 3.3 |
| Price / book | 4.8 | 7.3 | 3.9 | 2.3 | 3.6 | 4.1 | 1.9 | 1.5 | 2.9 | 1.9 |
| Price / free cash flow | 49.2 | 70.3 | 57.1 | 34.3 | 90.0 | 49.3 | 59.4 | 21.5 | 22.6 | — |
| Price / operating cash flow | 39.2 | 58.1 | 42.5 | 28.5 | 69.4 | 42.1 | 45.1 | 18.4 | 20.8 | — |
| EV / sales | 8.6 | 17.5 | 11.2 | 6.9 | 13.7 | 11.8 | 6.3 | 4.3 | 4.2 | 2.6 |
| EV / EBITDA | 15.6 | 155.1 | 72.6 | 24.6 | 67.7 | 90.1 | 12.1 | 33.7 | 18.8 | 22.8 |
| EV / free cash flow | 50.7 | 72.7 | 60.5 | 37.9 | 96.5 | 50.2 | 62.4 | 24.0 | 19.2 | — |
| Earnings yield | 3.9% | −0.9% | −1.6% | −0.4% | −0.7% | −0.8% | 9.7% | −1.6% | 3.6% | 0.3% |
| Free cash flow yield | 2.0% | 1.4% | 1.7% | 2.9% | 1.1% | 2.0% | 1.7% | 4.6% | 4.4% | −5.4% |
| Dividend yield | 0.3% | 0.2% | 0.4% | 0.6% | 0.3% | 0.5% | 1.0% | 1.4% | 1.0% | 1.6% |
| Shareholder yield (dividends + buybacks) | 3.3% | 1.0% | 0.6% | 0.9% | 0.4% | 0.5% | 3.2% | 2.3% | 5.4% | 3.9% |
| Share price at fiscal year-end | $78.92 | $112.86 | $67.70 | $43.15 | $71.40 | $51.46 | $24.04 | $18.53 | $23.33 | $14.87 |
| Per share | ||||||||||
| Revenue per share | $9.42 | $6.66 | $6.39 | $6.95 | $5.60 | $4.44 | $3.99 | $4.85 | $4.73 | $4.45 |
| Earnings per share | $3.07 | −$1.02 | −$1.08 | −$0.19 | −$0.53 | −$0.41 | $2.34 | −$0.30 | $0.85 | $0.04 |
| Operating cash flow per share | $2.01 | $1.94 | $1.59 | $1.51 | $1.03 | $1.22 | $0.53 | $1.01 | $1.12 | −$0.69 |
| Free cash flow per share | $1.61 | $1.61 | $1.18 | $1.26 | $0.79 | $1.04 | $0.40 | $0.86 | $1.03 | −$0.80 |
| Cash per share | $3.03 | $1.10 | $1.10 | $1.07 | $0.77 | $1.12 | $0.96 | $0.99 | $3.61 | $3.22 |
| Book value per share | $16.45 | $15.51 | $17.22 | $18.37 | $19.71 | $12.61 | $12.84 | $12.36 | $8.13 | $7.78 |
| Tangible book value per share | $1.37 | −$1.47 | −$1.29 | −$1.75 | −$3.08 | $0.88 | $0.85 | −$1.27 | $4.04 | $3.80 |
| Dividends per share | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.25 | $0.23 | $0.24 |
| Capex per share | $0.41 | $0.34 | $0.41 | $0.26 | $0.23 | $0.18 | $0.13 | $0.15 | $0.09 | $0.11 |
| Debt per share | $5.51 | $5.02 | $5.11 | $5.56 | $5.93 | $1.99 | $2.17 | $3.17 | $0.12 | $0.07 |
| Shares outstanding | 869.7M | 865.5M | 861.3M | 851.4M | 796.9M | 668.8M | 676.1M | 591.2M | 509.7M | 517.5M |
| Change in shares outstanding | +0.5% | +0.5% | +1.2% | +6.8% | +19.2% | −1.1% | +14.4% | +16.0% | −1.5% | +1.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 19.3% | −6.3% | −6.1% | −1.0% | −3.5% | −3.2% | 19.8% | −3.1% | 10.6% | 0.5% |
| Return on invested capital (ROIC) | 7.0% | −3.2% | −2.4% | 0.6% | −1.9% | −2.2% | −2.0% | 2.5% | 20.3% | 5.5% |
| Return on assets (ROA) | 12.6% | −4.3% | −4.3% | −0.7% | −2.6% | −2.5% | 15.0% | −2.4% | 9.2% | 0.4% |
| Return on tangible assets | 29.1% | −16.1% | −17.7% | −3.0% | −10.6% | −9.5% | 52.3% | −9.1% | 16.5% | 0.8% |
| Free cash flow margin | 17.0% | 24.1% | 18.5% | 18.1% | 14.2% | 23.5% | 10.1% | 17.8% | 21.8% | −18.0% |
| Income quality (OCF / net income) | 0.66 | — | — | — | — | — | 0.23 | — | 1.32 | −16.95 |
| Financial health | ||||||||||
| Total debt | $4.79B | $4.34B | $4.40B | $4.74B | $4.73B | $1.33B | $1.47B | $1.88B | $62.5M | $36.9M |
| Cash & short-term investments | $2.64B | $948.3M | $950.8M | $911.0M | $613.5M | $748.5M | $647.6M | $582.4M | $1.84B | $1.67B |
| Net debt | $2.15B | $3.39B | $3.45B | $3.83B | $4.11B | $581.2M | $820.1M | $1.29B | −$1.78B | −$1.63B |
| Debt / equity | 0.33 | 0.32 | 0.30 | 0.30 | 0.30 | 0.16 | 0.17 | 0.26 | 0.02 | 0.01 |
| Debt / assets | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.12 | 0.13 | 0.19 | 0.01 | 0.01 |
| Net debt / EBITDA | 0.47 | 5.21 | 4.06 | 2.32 | 4.56 | 1.50 | 0.58 | 3.56 | −3.30 | −6.13 |
| Current ratio | 2.01 | 1.54 | 1.69 | 1.37 | 1.80 | 1.50 | 2.16 | 2.19 | 5.61 | 4.61 |
| Quick ratio | 1.58 | 1.03 | 1.21 | 0.93 | 1.28 | 1.25 | 1.71 | 1.76 | 5.21 | 4.27 |
| Interest coverage | 6.6 | -3.8 | -2.7 | 1.4 | -2.5 | -3.7 | -2.1 | 2.9 | 733.2 | 630.5 |
| Working capital | $3.24B | $1.09B | $1.25B | $894.4M | $1.10B | $540.0M | $827.3M | $758.5M | $1.94B | $1.79B |
| Invested capital | $16.46B | $16.82B | $18.28B | $19.46B | $19.82B | $9.02B | $9.50B | $8.60B | $2.36B | $2.40B |
| Tangible asset value | $1.20B | −$1.27B | −$1.11B | −$1.49B | −$2.45B | $585.9M | $576.6M | −$748.8M | $2.06B | $1.96B |
| Net current asset value | −$1.52B | −$3.66B | −$3.33B | −$3.60B | −$3.91B | −$712.0M | −$917.2M | −$1.32B | $1.80B | $1.67B |
| Graham number | $33.71 | — | — | — | — | — | $26.02 | — | $12.45 | $2.68 |
| Graham net-net per share | −$3.45 | −$5.25 | −$4.84 | −$5.34 | −$5.83 | −$1.56 | −$1.89 | −$2.74 | $3.08 | $2.67 |
| Capital allocation | ||||||||||
| Dividends paid | $205.1M | $207.5M | $206.8M | $204.4M | $191.0M | $160.6M | $159.6M | $148.1M | $119.3M | $122.3M |
| Share buybacks (net) | $2.04B | $725.0M | $150.0M | $115.0M | $15.0M | $25.2M | $364.3M | $104.0M | $527.6M | $181.6M |
| Dividend payout ratio | 7.7% | — | — | — | — | — | 10.1% | — | 27.6% | 578.2% |
| Dividends + buybacks / free cash flow | 160.8% | 67.1% | 35.0% | 29.8% | 32.6% | 26.6% | 191.4% | 49.5% | 123.0% | — |
| Capex / revenue | 4.3% | 5.1% | 6.4% | 3.7% | 4.2% | 4.0% | 3.2% | 3.1% | 1.9% | 2.4% |
| Capex / operating cash flow | 20.2% | 17.3% | 25.6% | 16.9% | 22.8% | 14.6% | 24.0% | 14.7% | 7.9% | — |
| Capex / depreciation | 0.27 | 0.21 | 0.25 | 0.16 | 0.15 | 0.19 | 0.17 | 0.28 | 0.52 | 0.46 |
| Stock-based compensation / revenue | 7.2% | 10.4% | 11.1% | 9.3% | 10.3% | 8.1% | 9.0% | 6.4% | 3.6% | 5.0% |
| R&D / revenue | 25.3% | 33.8% | 34.4% | 30.1% | 31.9% | 36.1% | 40.0% | 31.9% | 29.9% | 35.0% |
| SG&A / revenue | 9.4% | 13.8% | 15.1% | 14.3% | 21.4% | 15.7% | 17.2% | 3.4% | 9.9% | 7.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 71.6 | 68.0 | 76.7 | 69.1 | 64.8 | 63.3 | 66.6 | 49.3 | 46.6 | 52.2 |
| Days of inventory on hand | 109.9 | 102.1 | 109.7 | 111.3 | 75.2 | 72.9 | 81.4 | 57.8 | 65.7 | 67.1 |
| Days payables outstanding | 77.1 | 55.7 | 49.8 | 57.7 | 54.3 | 57.5 | 54.3 | 42.9 | 55.6 | 58.4 |
| Cash conversion cycle (days) | 104.4 | 114.4 | 136.6 | 122.7 | 85.7 | 78.7 | 93.8 | 64.2 | 56.7 | 60.9 |
| Receivables turnover | 5.10 | 5.36 | 4.76 | 5.28 | 5.63 | 5.77 | 5.48 | 7.41 | 7.82 | 6.99 |
| Payables turnover | 4.73 | 6.55 | 7.33 | 6.32 | 6.72 | 6.35 | 6.73 | 8.51 | 6.56 | 6.25 |
| Inventory turnover | 3.32 | 3.57 | 3.33 | 3.28 | 4.85 | 5.01 | 4.48 | 6.31 | 5.56 | 5.44 |
| Asset turnover | 0.39 | 0.28 | 0.25 | 0.27 | 0.27 | 0.27 | 0.26 | 0.39 | 0.51 | 0.46 |
| Average receivables | $1.61B | $1.07B | $1.16B | $1.12B | $792.6M | $514.5M | $492.7M | $386.8M | $307.9M | $329.3M |
| Average payables | $848.0M | $516.8M | $438.6M | $463.6M | $357.0M | $233.1M | $199.6M | $165.3M | $144.4M | $161.9M |
| Average inventory | $1.21B | $947.0M | $966.4M | $894.3M | $494.3M | $295.6M | $299.5M | $223.0M | $170.4M | $185.9M |
| Intangibles / total assets | 58.8% | 72.8% | 75.1% | 76.1% | 82.1% | 72.9% | 72.8% | 80.4% | 44.2% | 44.4% |
Computed from MRVL's annual financial statements (latest annual report filed March 11, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MRVL valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Marvell traded at 25.7 times earnings, against a 10-year median of 26.6. Based on the latest twelve months, the trailing P/E is 72.3 and the forward P/E is 62.1. Marvell earned a return on equity of 19.3% and a return on invested capital of 7.0% in fiscal 2026. It ended the year with $4.8 billion of debt and $2.6 billion in cash and short-term investments, net debt of $2.2 billion. It returned $2.2 billion to shareholders: $205.1 million in dividends and $2.0 billion in share buybacks, 161% of free cash flow. The share count rose 68.1% from 517.5M to 869.7M over 9 years.
See the MRVL income statement, the MRVL chart for price history, or the MRVL stock overview for the latest quote and news.
MRVL key metrics FAQ
What is Marvell's P/E ratio?
Marvell's trailing P/E ratio is 72.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 62.1. At the end of fiscal 2026 it was 25.7, compared with a 10-year median of 26.6.
What is Marvell's EV/EBITDA?
Marvell's enterprise value was 15.6 times EBITDA at the end of fiscal 2026 (enterprise value $70.8 billion, EBITDA $4.5 billion); the current EV/EBITDA is 36.9.
What is Marvell's return on equity?
Marvell's return on equity (ROE) was 19.3% in fiscal 2026: net income of $2.7 billion on average shareholders' equity of $13.9 billion.
What is Marvell's ROIC?
Marvell's return on invested capital was 7.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Marvell have?
Marvell had total debt of $4.8 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.33 and $2.2 billion of net debt (0.47 times EBITDA).
What is Marvell's dividend yield?
Marvell's forward dividend yield is 0.10%. Marvell paid $205.1 million in dividends in fiscal 2026 ($0.24 per share), a payout ratio of 7.7%.
Does Marvell buy back its shares?
Yes. Marvell spent $2.0 billion on net share repurchases in fiscal 2026 Shares outstanding changed +0.5% over the year, to 869.7M..
What is Marvell's free cash flow yield?
Marvell generated $1.4 billion of free cash flow in fiscal 2026, a free cash flow yield of 2.0% on its market value at year-end ($68.6 billion).
What is Marvell's current ratio?
Marvell's current ratio was 2.01 at the end of fiscal 2026: current assets were 2.01 times current liabilities.