Enterprise Value (EV)

Marvell Technology Inc., current enterprise value calculation

Current share price (P)	$237.04
No. shares of common stock outstanding	671,800,000
US$ in thousands
Common equity (market value)¹	159,243,472)
Total equity	159,243,472)
Add: Total debt (book value)	—)
Total equity and debt	159,243,472)
Enterprise value (EV)	159,243,472)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 237.04 × 671,800,000

Marvell Technology Inc., EV calculation

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Share price^1, 2	$67.63	$40.91	$65.25	$47.96
No. shares of common stock outstanding¹	866,000,000	856,900,000	847,800,000	675,700,000
US$ in thousands
Common equity (market value)³	58,567,580)	35,055,779)	55,318,950)	32,406,572)
Total equity	58,567,580)	35,055,779)	55,318,950)	32,406,572)
Add: Total debt (book value)	—)	—)	—)	—)
Total equity and debt	58,567,580)	35,055,779)	55,318,950)	32,406,572)
Enterprise value (EV)	58,567,580)	35,055,779)	55,318,950)	32,406,572)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Marvell Technology Inc. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 67.63 × 866,000,000

Marvell Technology Inc. (NASDAQ:MRVL)