Enterprise Value (EV)
Current Enterprise Value (EV)
Marvell Technology Inc., current enterprise value calculation
| Current share price (P) | $271.25 |
| No. shares of common stock outstanding | 876,900,000 |
| US$ in thousands | |
| Common equity (market value)1 | 237,859,125) |
| Add: Preferred stock, $0.002 par value; no shares issued and outstanding (per books) | —) |
| Total equity | 237,859,125) |
| Add: Short-term debt (per books) | 499,800) |
| Add: Long-term debt (per books) | 3,970,800) |
| Total equity and debt | 242,329,725) |
| Less: Cash and cash equivalents | 2,638,800) |
| Enterprise value (EV) | 239,690,925) |
Based on: 10-K (reporting date: 2026-01-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 271.25 × 876,900,000
Historical Enterprise Value (EV)
Marvell Technology Inc., EV calculation
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Marvell Technology Inc. Annual Report.
3 2026 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 90.44 × 874,300,000
The Enterprise Value (EV) exhibits a pattern of significant volatility over the reported period, characterized by an initial surge, a sharp correction, and a subsequent sustained growth trajectory.
- Enterprise Value Trends
- The Enterprise Value increased from 32.85 billion USD in January 2021 to 59.25 billion USD in January 2022. A substantial contraction occurred by January 2023, where EV fell to 38.64 billion USD. However, a recovery phase began in February 2024, with the value rising to 61.78 billion USD and continuing an upward trend to a projected 80.90 billion USD by January 2026.
- Market Equity Correlation
- There is a direct and consistent correlation between the market value of common equity and the overall Enterprise Value. The movements in EV are primarily driven by fluctuations in equity market valuation, as the market value of equity closely mirrors the EV across all time periods, indicating that changes in shareholder value are the dominant factor in the company's total valuation.
- Capital Structure and Liquidity
- The difference between total equity and the sum of total equity and debt remains relatively narrow, suggesting a conservative use of leverage. Additionally, the Enterprise Value is consistently lower than the total equity and debt figure. This discrepancy indicates the presence of cash and cash equivalents that reduce the net cost of acquiring the business, effectively offsetting a portion of the total debt.
- Long-term Valuation Growth
- Despite the volatility observed between 2022 and 2023, the overall trajectory shows a significant long-term expansion. The Enterprise Value is projected to grow by approximately 146% from the January 2021 baseline to the January 2026 estimate, reflecting a substantial increase in the perceived total value of the entity.
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