Marvell Technology (TSX:MRV) Cyclically Adjusted PB Ratio: (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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.

TSX:MRV Marvell Technology Inc TSX:MRV
55 GF Score
Price C$38.08
GF Value C$18.81
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Marvell Technology Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marvell Technology  (TSX:MRV) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Marvell Technology Cyclically Adjusted PB Ratio Related Terms


Marvell Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Marvell Technology's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Marvell Technology Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.01 3.23 4.72 7.48 4.96

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 PB Ratio 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 3.82 5.18 5.96 4.96 10.00

TSX:MRV vs QCOM, ADI, TXN: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Marvell Technology's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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 PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Marvell Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Marvell Technology's Cyclically Adjusted PB Ratio falls into.


TSX:MRV
55GF Score
Marvell Technology Inc TSX:MRV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marvell Technology Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Marvell Technology's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=28.615/333.0200*333.0200
=28.615

Current CPI (Apr. 2026) = 333.0200.

Marvell Technology Quarterly Data

Book Value per Share CPI Adj_Book
201607 10.619 240.628 14.696
201610 10.907 241.729 15.026
201701 10.491 242.839 14.387
201704 10.612 244.524 14.453
201707 10.172 244.786 13.839
201710 10.424 246.663 14.073
201801 10.380 247.867 13.946
201804 10.918 250.546 14.512
201807 15.362 252.006 20.301
201810 14.985 252.885 19.733
201901 14.757 251.712 19.524
201904 14.627 255.548 19.061
201907 14.158 256.571 18.377
201910 14.100 257.346 18.246
202001 17.121 257.971 22.102
202004 18.025 256.389 23.412
202007 16.957 259.101 21.795
202010 16.509 260.388 21.114
202101 15.894 261.582 20.235
202104 22.734 267.054 28.350
202107 22.433 273.003 27.365
202110 23.177 276.589 27.906
202201 23.408 281.148 27.727
202204 22.962 289.109 26.450
202207 23.566 296.276 26.489
202210 24.966 298.012 27.899
202301 24.516 299.170 27.290
202304 24.296 303.363 26.671
202307 23.550 305.691 25.655
202310 24.168 307.671 26.159
202401 23.001 308.417 24.836
202404 22.875 313.548 24.296
202407 22.490 314.540 23.811
202410 21.263 315.664 22.432
202501 22.310 317.671 23.388
202504 21.587 320.795 22.410
202507 21.315 323.048 21.973
202510 23.170 0.000
202601 23.256 325.252 23.811
202604 28.615 333.020 28.615

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.

Is Marvell Technology (TSX:MRV) Overvalued in 2026?

Based on GuruFocus' analysis, Marvell Technology stock appears to be overvalued. The current stock price of C$38.08 is trading 102.4% above its estimated GF Value™ of C$18.81. GuruFocus considers Marvell Technology to be Significantly Overvalued.

Key valuation signals for TSX:MRV:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$18.81 vs. price of C$38.08 (102.4% above fair value)
  • GF Score™: 55/100 with 3 warning signs

No single metric tells the full story. See the TSX:MRV 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.
55GF Score

Get the complete analysis for TSX:MRV

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

C$38.08
Price
C$18.81
GF Value