As of Q4'26 (2026-01-31), MRVL's Price-to-Sales (P/S) ratio reached 30.16, marking a significant increase from the previous quarter's value of 10.90. This latest data point represents the highest P/S ratio observed in the covered period. Over the period from Q1'24 to Q4'26, the P/S ratio for MRVL displayed considerable volatility. After a moderate decline and stabilization between 8.2 and 12.5, the ratio spiked sharply to 19.02 in Q3'25, dropped back to around 7.5–10.9, and then surged dramatically to 30.16 in the most recent quarter. This pattern suggests periods of both correction and rapid valuation expansion, with the latest quarter indicating a substantial premium being placed on MRVL's sales.