Marvell Technology (XSWX:MRVL) Cyclically Adjusted FCF per Share: CHF0.97 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:MRVL Marvell Technology Inc XSWX:MRVL
56 GF Score
Price CHF155.00
GF Value CHF86.45
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Marvell Technology Cyclically Adjusted FCF per Share?

Marvell Technology XSWX:MRVL -8.55% 56 Cyclically Adjusted FCF per Share is CHF0.97 as of Apr. 2026. GuruFocus rates XSWX:MRVL with a GF Score™ of 56/100 and a GF Value™ of CHF86.45 (Significantly Overvalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Marvell Technology's adjusted free cash flow per share for the three months ended in Apr. 2026 was CHF0.425. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is CHF0.97 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Marvell Technology's average Cyclically Adjusted FCF Growth Rate was 43.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 0.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Marvell Technology was 28.90% per year. The lowest was -6.60% per year. And the median was 2.30% per year.

As of today (2026-07-17), Marvell Technology's current stock price is CHF155.00. Marvell Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2026 was CHF0.97. Marvell Technology's Cyclically Adjusted Price-to-FCF of today is 159.79.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Marvell Technology was 248.46. The lowest was 15.00. And the median was 57.11.


Marvell Technology  (XSWX:MRVL) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Marvell Technology's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=155.00/0.97
=159.79

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Marvell Technology was 248.46. The lowest was 15.00. And the median was 57.11.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Marvell Technology Cyclically Adjusted FCF per Share Related Terms


Marvell Technology Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Marvell Technology's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marvell Technology Cyclically Adjusted FCF per Share Chart

Marvell Technology Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.78

Marvell Technology Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.78 0.97

XSWX:MRVL vs TXN, QCOM, ADI: Cyclically Adjusted FCF per Share Comparison

For the Semiconductors subindustry, Marvell Technology's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marvell Technology Cyclically Adjusted Price-to-FCF vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Marvell Technology's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Marvell Technology's Cyclically Adjusted Price-to-FCF falls into.


XSWX:MRVL
56GF Score
Marvell Technology Inc XSWX:MRVL
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marvell Technology Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Marvell Technology's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.425/333.0200*333.0200
=0.425

Current CPI (Apr. 2026) = 333.0200.

Marvell Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201607 0.082 240.628 0.113
201610 0.204 241.729 0.281
201701 0.213 242.839 0.292
201704 0.239 244.524 0.325
201707 0.180 244.786 0.245
201710 0.393 246.663 0.531
201801 0.199 247.867 0.267
201804 0.219 250.546 0.291
201807 0.071 252.006 0.094
201810 0.418 252.885 0.550
201901 0.116 251.712 0.153
201904 0.222 255.548 0.289
201907 0.075 256.571 0.097
201910 0.066 257.346 0.085
202001 0.047 257.971 0.061
202004 0.200 256.389 0.260
202007 0.287 259.101 0.369
202010 0.300 260.388 0.384
202101 0.178 261.582 0.227
202104 -0.051 267.054 -0.064
202107 0.209 273.003 0.255
202110 0.206 276.589 0.248
202201 0.325 281.148 0.385
202204 0.174 289.109 0.200
202207 0.290 296.276 0.326
202210 0.421 298.012 0.470
202301 0.320 299.170 0.356
202304 0.111 303.363 0.122
202307 0.001 305.691 0.001
202310 0.470 307.671 0.509
202401 0.462 308.417 0.499
202404 0.245 313.548 0.260
202407 0.261 314.540 0.276
202410 0.458 315.664 0.483
202501 0.466 317.671 0.489
202504 0.203 320.795 0.211
202507 0.379 323.048 0.391
202510 0.469 0.000
202601 0.235 325.252 0.241
202604 0.425 333.020 0.425

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of CHF0.97 mean?
Marvell Technology (XSWX:MRVL) has a Cyclically Adjusted FCF per Share of CHF0.97 as of Apr. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Marvell Technology and its competitors.
Is Marvell Technology's Cyclically Adjusted FCF per Share too high?
Marvell Technology's current Cyclically Adjusted FCF per Share is CHF0.97. Overall, Marvell Technology has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marvell Technology's Cyclically Adjusted FCF per Share compare to TXN and QCOM?
Marvell Technology's Cyclically Adjusted FCF per Share of CHF0.97 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Semiconductors company?
A good Cyclically Adjusted FCF per Share depends on the Semiconductors industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Marvell Technology and its competitors. Marvell Technology's current Cyclically Adjusted FCF per Share is CHF0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marvell Technology stock overvalued right now?
Based on GuruFocus' analysis, Marvell Technology (XSWX:MRVL) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF86.45, compared to a current price of CHF155.00 — trading 79.3% above its estimated fair value. The current Cyclically Adjusted FCF per Share is CHF0.97. Marvell Technology's overall GF Score™ is 56/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Marvell Technology (XSWX:MRVL), the current Cyclically Adjusted FCF per Share is CHF0.97 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marvell Technology (XSWX:MRVL) Overvalued in 2026?

Based on GuruFocus' analysis, Marvell Technology stock appears to be overvalued. The current stock price of CHF155.00 is trading 79.3% above its estimated GF Value™ of CHF86.45. GuruFocus considers Marvell Technology to be Significantly Overvalued.

Key valuation signals for XSWX:MRVL:

  • Cyclically Adjusted FCF per Share: CHF0.97
  • GF Value™: CHF86.45 vs. price of CHF155.00 (79.3% above fair value)
  • GF Score™: 56/100 with 3 warning signs

No single metric tells the full story. See the XSWX:MRVL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marvell Technology Business Description

Address 1000 N. West Street, Suite 1200, Wilmington, DE, USA, 19801
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
56GF Score

Get the complete analysis for XSWX:MRVL

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF155.00
Price
CHF86.45
GF Value