Marvell Technology, Inc. MRVL
- Market cap
- $238.5B
- P/E
- 88.7×
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Marvell Technology, Inc. (MRVL) Altman Z-score
Marvell Technology, Inc.'s Altman Z-score for fiscal 2026 is 5.93, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 5.93 | (2.87) |
| FY2025 | 8.80 | 3.09 |
| FY2024 | 5.71 | 2.09 |
| FY2023 | 3.62 | (2.02) |
| FY2022 | 5.63 | (3.76) |
| FY2021 | 9.40 | 4.91 |
| FY2020 | 4.48 | 1.51 |
| FY2019 | 2.97 | (11.05) |
| FY2018 | 14.02 | 5.35 |
| FY2017 | 8.68 | 5.90 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.15 | — | 0.17 | |
| Retained earnings / total assets | 0.06 | — | 0.09 | |
| EBIT / total assets | 0.06 | — | 0.20 | |
| Market value of equity / total liabilities | 8.52 | — | 5.11 | |
| Sales / total assets | 0.37 | — | 0.37 | |
| Altman Z-score | Safe zone | 5.93 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.43 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MPWR Monolithic Power Systems, Inc. compare | 42.0× |
| ARM ARM Holdings PLC Sponsored ADR compare | 41.7× |
| TXN Texas Instruments Incorporated compare | 8.7× |
| QCOM QUALCOMM Incorporated compare | 6.5× |
| MRVL Marvell Technology, Inc. | 5.9× |
| ADI Analog Devices, Inc. compare | 5.7× |
| UMC United Microelectronics Corporation compare | 3.3× |
| ASX ASE Technology Holding Co., Ltd. compare | 2.5× |
| INTC Intel Corporation compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on MRVL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement