Penalva is a municipality in the state of Maranhão, Brazil.
Penalva or Peñalva may also refer to:
- Penalva do Castelo, a municipality in the district of Viseu, Portugal
- S.C. Penalva do Castelo, its football club
- David Penalva (born 1980), Portuguese rugby union footballer
- Diego Penalva (born 1976), French footballer
- Mariana Peñalva (born 1979), Mexican multidisciplinary artist
- Toribio de Peñalva (1606–1685), Spanish military man
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