Marvell Technology, Inc. (MRVL) intrinsic value & 10-year financials
Marvell Technology, Inc. (MRVL) has a Graham intrinsic value of $47.04 per share. At $227.83 on Oct 17, 2026, the stock trades 384% above that value. Over the last 8 fiscal years revenue grew 20.3% a year to $8.2B, with an average return on invested capital of -1.0%.
- Graham intrinsic value
- $47.04
- Share price (Oct 17, 2026)
- $227.83
- Price vs Graham value
- 384% above
- Market cap
- $198.1B
- Revenue (FY2026)
- $8.2B
- Revenue growth (8-yr CAGR)
- 20.3%
- ROIC (10-yr avg)
- -1.0%
- Free cash flow (FY2026)
- $1.4B
MRVL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $8.2B | $2.7B | $3.07 | $1.4B | 16.1% | 7.0% |
| FY2025 | $5.8B | -$885.0M | -$1.02 | $1.4B | -12.5% | -4.1% |
| FY2024 | $5.5B | -$933.4M | -$1.08 | $1.0B | -10.3% | -3.0% |
| FY2023 | $5.9B | -$163.5M | -$0.19 | $1.1B | 4.0% | 0.6% |
| FY2022 | $4.5B | -$421.0M | -$0.53 | $650.0M | -7.8% | -2.1% |
| FY2021 | $3.0B | -$277.3M | -$0.41 | $710.5M | -8.7% | -2.5% |
| FY2020 | $2.7B | $1.6B | $2.34 | $278.4M | -9.0% | -3.0% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Marvell Technology, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Marvell Technology, Inc. has historically struggled to out-earn its cost of capital, averaging just -1.0% ROIC.
Marvell Technology, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Marvell Technology, Inc. is modeled at 4.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $47.04 per share.