---
title: Marvell Technology (MRVL) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/mrvl
ticker: MRVL
as_of: 2026-10-17
sector: Technology
industry: Semiconductors
---
# Marvell Technology (MRVL)

Marvell Technology (MRVL) closed at $227.83 on Oct 16, 2026, overvalued by 296% vs its model value of $57.51 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $227.83 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $57.51 |
| Price vs model | overvalued by 296% vs model |
| Range of that model | $39.16 – $96.42 |
| Market value | $199.5B |
| P/E (fiscal 2026) | 74.2 |
| Net margin (fiscal 2026) | 32.6% |
| Free cash flow (fiscal 2026) | $1.4B |
| Dividend yield (trailing twelve months) | 0.11% |
| Beta | 2.26 |
| Cost of capital (WACC) | 12.53% |
| Business classification | High Growth (High revenue growth (~22% recent), High profitability (33% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Best performing this year | #7 | +168.1% | https://sweetvaluelab.com/lists/best-performing-this-year |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 0.11% |
| Dividends per share, last 12 months | $0.24 |
| Dividends / free cash flow (fiscal 2026) | 14.7% |
| Raised | — |
| Growth over 5 years | 0.0% a year |
| Latest payment | $0.06, ex-date Oct 9, 2026, paid Oct 29, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Oct 7, 2021 | $0.24 |
| To Oct 6, 2022 | $0.24 |
| To Oct 5, 2023 | $0.24 |
| To Oct 11, 2024 | $0.24 |
| To Oct 10, 2025 | $0.24 |
| Trailing twelve months (to Oct 9, 2026) | $0.24 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $57.51 | $39.16 | $96.42 |
| DCF · Perpetuity growth · 10y | cross check | $105.21 | $71.81 | $176.02 |
| DCF · EBITDA exit · 5y | cross check | $58.84 | $14.10 | $127.21 |
| DCF · EBITDA exit · 10y | cross check | $106.60 | $37.81 | $212.46 |
| P/E · peers | cross check | $165.21 | $117.40 | $197.71 |
| P/E · own history | cross check | $0.00 | $0.00 | $0.00 |
| PEG | sanity check | $105.32 | $105.32 | $105.32 |
| EV/EBITDA · peers | cross check | $123.14 | $96.42 | $134.17 |
| EV/Revenue · peers | cross check | $190.50 | $84.86 | $222.65 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 2 open-market sales ($2.6M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 15, 2026 | Scarpulla Justin | SVP, Chief Accounting Officer | Option/RSU exercise | 510 | $0 |
| Oct 15, 2026 | Scarpulla Justin | SVP, Chief Accounting Officer | Option/RSU exercise | 510 | $0 |
| Oct 15, 2026 | Scarpulla Justin | SVP, Chief Accounting Officer | Tax withholding | 253 | $61,033.7 |
| Oct 15, 2026 | Koopmans Chris | President and COO | Option/RSU exercise | 2,788 | $0 |
| Oct 15, 2026 | Koopmans Chris | President and COO | Tax withholding | 1,791 | $432,060.8 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 25, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1835632/000162828026063592/mrvl-20260925.htm |
| Aug 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1835632/000183563226000025/mrvl-20260801.htm |
| Aug 27, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1835632/000183563226000022/mrvl-20260827.htm |
| Aug 19, 2026 | 8-K | 1.01 Entry into a Material Agreement; 3.02 Unregistered Sale of Equity; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1835632/000119312526356217/d412696d8k.htm |
| Jul 9, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1835632/000119312526299843/d82462d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bridgewater | 2026-06-30 | 181,176 | $54.0M |
| Soros | 2026-06-30 | 53,962 | $16.1M |
| Lee Ainslie | 2026-06-30 | 4,226 | $1.3M |

3 tracked managers in all.

## About

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, silic…

---

Source: https://sweetvaluelab.com/stocks/mrvl (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.