## MRVL PE Stream Chart Analysis As of the latest data point (mid-March 2026), MRVL's stock price stands at approximately **$87.62**, positioning it within the **Warning (警示)** zone — trading above the highest PE boundary of **30.9 times** (priced at ~$88.56). More precisely, the stock sits just below the 30.9x upper boundary, nestled between the **30.2 times** boundary (~$86.64) and the **30.9 times** boundary (~$88.56), indicating the stock is trading at a historically elevated valuation. With all six PE stream boundaries ranging tightly from **27.5 times** (~$78.95) to **30.9 times** (~$88.56), the current price is compressed near the very top of this band, signaling that the market is pricing MRVL at a premium relative to its earnings. Looking at the broader historical trajectory, MRVL's valuation has undergone significant expansion and contraction cycles. The stock traded in a moderate range through early 2021 (~$44–$52), then surged sharply into late 2021 and peaked around early 2022 at approximately **$84–$85**, reflecting a period of aggressive valuation expansion. A notable correction followed through 2022, with prices declining to the **$39–$45** range by late 2022 and into early 2023, suggesting a meaningful compression back toward more reasonable valuation levels. From mid-2023 onward, the stock began a steady recovery, climbing from ~$59 in mid-2023 through 2024, eventually reaching a peak of approximately **$115** in early 2025 — the highest point in the dataset — indicating a phase of extreme valuation expansion likely driven by AI-related semiconductor enthusiasm. However, a sharp pullback occurred in Q1'25 through Q2'25, with prices dropping to the **$54–$71** range, before recovering to the current ~$87 level. The PE stream boundaries themselves are relatively flat and tightly clustered (27.5x–30.9x), suggesting that earnings estimates have stabilized; the current price near the top of this band implies investors should exercise caution, as the stock is approaching historically stretched valuation territory.