Marvell Technology (MRVL) stock, at $263.27 a share (September 29, 2026 close) and a market value of about $231 billion, trades at 80 times its past twelve months of adjusted earnings per share. That is steep for one year of profit, but Marvell’s sales are growing fast, so the next two years matter more. What, then, is the real price of Marvell stock once you count the profit expected in those years?

Marvell Stock Priced On Its Forecast Earnings

On the consensus forecast for fiscal 2027, you pay 62.5 times Marvell’s earnings. On the forecast for fiscal 2028, you pay 38.8 times. On the past twelve months, you pay 80 times. Marvell’s fiscal year ends in January.

In the consensus forecast, Marvell earns about $3.9…