Stock Analysis on Net
Stock Analysis on Net

Motorola Solutions Inc. (NYSE:MSI)

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

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Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)

Motorola Solutions Inc., historical price multiples (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Price to earnings (P/E) 45.42 40.29 31.49 27.42 31.68 35.45 32.81 33.89 33.25 26.59 29.86 33.81 32.61 32.03 32.25 34.35 29.09 24.43 36.24 — — —
Price to operating profit (P/OP) 26.18 23.23 23.46 20.77 24.26 26.75 26.92 26.23 25.06 20.97 22.30 25.38 23.91 22.44 22.13 18.88 16.55 13.86 19.90 — — —
Price to sales (P/S) 6.38 5.50 5.39 4.74 4.98 5.19 4.91 4.56 4.73 4.07 4.55 5.23 4.77 4.24 4.13 3.56 3.20 2.83 3.99 — — —
Price to book value (P/BV) 82.92 107.64 74.32 128.91 142.59 208.15 385.48 — — — — — — — — — — — — — — —

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Motorola Solutions Inc. P/E ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Motorola Solutions Inc. P/OP ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Motorola Solutions Inc. P/S ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Motorola Solutions Inc. P/BV ratio increased from Q4 2023 to Q1 2024 but then slightly decreased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.

Price to Earnings (P/E)

Motorola Solutions Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
No. shares of common stock outstanding1 166,840,999 166,787,080 166,132,981 165,968,486 167,019,632 167,717,082 167,250,071 167,203,209 166,885,127 167,296,991 168,209,089 168,897,488 169,324,600 169,667,685 169,028,294 169,522,860 169,787,092 170,067,338 170,579,096 171,336,026 165,555,527 164,786,286
Selected Financial Data (US$)
Net earnings (loss) attributable to Motorola Solutions, Inc. (in millions) 443 (39) 596 464 371 278 589 279 228 267 401 307 293 244 412 205 135 197 243 267 207 151
Earnings per share (EPS)2 8.77 8.35 10.29 10.25 9.08 8.19 8.15 7.03 7.21 7.58 7.40 7.44 6.82 5.87 5.61 4.60 4.96 5.37 5.09 0.00 0.00 0.00
Share price1, 3 398.58 336.24 323.90 281.17 287.71 290.41 267.36 238.18 239.69 201.54 221.00 251.41 222.27 188.03 181.07 158.06 144.26 131.27 184.41 166.32 170.08 143.62
Valuation Ratio
P/E ratio4 45.42 40.29 31.49 27.42 31.68 35.45 32.81 33.89 33.25 26.59 29.86 33.81 32.61 32.03 32.25 34.35 29.09 24.43 36.24 — — —
Benchmarks
P/E Ratio, Competitors5
Apple Inc. 28.01 28.44 28.33 30.03 28.94 25.69 24.82 26.21 25.03 27.64 25.96 27.61 29.19 36.00 32.24 31.11 21.90 24.67 20.00 — — —
Arista Networks Inc. 44.22 39.94 39.77 32.79 33.61 27.44 32.05 33.51 34.44 37.69 47.56 48.17 39.92 36.92 37.41 26.50 23.74 19.75 19.88 — — —
Cisco Systems Inc. 14.54 14.30 18.26 17.20 18.01 17.28 15.78 15.18 19.78 20.46 23.34 21.99 19.39 16.91 15.46 17.64 17.87 17.54 17.69 — — —
Super Micro Computer Inc. 44.27 22.19 21.10 12.26 7.82 9.13 12.72 14.48 15.76 21.50 16.15 19.94 18.28 17.15 17.04 14.90 16.76 15.68 15.81 — — —

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
EPS = (Net earnings (loss) attributable to Motorola Solutions, Inc.Q2 2024 + Net earnings (loss) attributable to Motorola Solutions, Inc.Q1 2024 + Net earnings (loss) attributable to Motorola Solutions, Inc.Q4 2023 + Net earnings (loss) attributable to Motorola Solutions, Inc.Q3 2023) ÷ No. shares of common stock outstanding
= (443,000,000 + -39,000,000 + 596,000,000 + 464,000,000) ÷ 166,840,999 = 8.77

3 Closing price as at the filing date of Motorola Solutions Inc. Quarterly or Annual Report.

4 Q2 2024 Calculation
P/E ratio = Share price ÷ EPS
= 398.58 ÷ 8.77 = 45.42

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Motorola Solutions Inc. P/E ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Price to Operating Profit (P/OP)

Motorola Solutions Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
No. shares of common stock outstanding1 166,840,999 166,787,080 166,132,981 165,968,486 167,019,632 167,717,082 167,250,071 167,203,209 166,885,127 167,296,991 168,209,089 168,897,488 169,324,600 169,667,685 169,028,294 169,522,860 169,787,092 170,067,338 170,579,096 171,336,026 165,555,527 164,786,286
Selected Financial Data (US$)
Operating earnings (in millions) 644 519 738 639 518 399 691 373 358 239 548 451 370 298 554 352 218 259 590 413 349 229
Operating profit per share2 15.22 14.47 13.81 13.54 11.86 10.86 9.93 9.08 9.56 9.61 9.91 9.91 9.30 8.38 8.18 8.37 8.72 9.47 9.27 0.00 0.00 0.00
Share price1, 3 398.58 336.24 323.90 281.17 287.71 290.41 267.36 238.18 239.69 201.54 221.00 251.41 222.27 188.03 181.07 158.06 144.26 131.27 184.41 166.32 170.08 143.62
Valuation Ratio
P/OP ratio4 26.18 23.23 23.46 20.77 24.26 26.75 26.92 26.23 25.06 20.97 22.30 25.38 23.91 22.44 22.13 18.88 16.55 13.86 19.90 — — —
Benchmarks
P/OP Ratio, Competitors5
Apple Inc. 23.78 24.19 24.04 25.35 24.31 21.45 20.74 22.07 21.37 23.78 22.56 23.98 25.06 31.00 27.92 27.07 19.10 21.45 17.29 — — —
Arista Networks Inc. 41.84 37.57 36.77 29.88 30.23 24.00 28.38 29.48 31.27 35.28 43.25 44.27 35.97 33.03 33.92 27.72 24.78 20.69 21.21 — — —
Cisco Systems Inc. 12.56 12.32 15.32 13.88 14.67 14.12 13.35 12.91 16.75 17.02 19.26 17.97 15.77 14.03 12.73 13.53 13.95 13.79 14.46 — — —
Super Micro Computer Inc. 37.27 19.05 17.74 10.29 6.55 7.70 10.82 12.71 14.45 19.41 14.57 19.28 17.44 17.42 16.77 12.55 13.65 12.18 11.69 — — —

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
Operating profit per share = (Operating earningsQ2 2024 + Operating earningsQ1 2024 + Operating earningsQ4 2023 + Operating earningsQ3 2023) ÷ No. shares of common stock outstanding
= (644,000,000 + 519,000,000 + 738,000,000 + 639,000,000) ÷ 166,840,999 = 15.22

3 Closing price as at the filing date of Motorola Solutions Inc. Quarterly or Annual Report.

4 Q2 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 398.58 ÷ 15.22 = 26.18

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Motorola Solutions Inc. P/OP ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.

Price to Sales (P/S)

Motorola Solutions Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
No. shares of common stock outstanding1 166,840,999 166,787,080 166,132,981 165,968,486 167,019,632 167,717,082 167,250,071 167,203,209 166,885,127 167,296,991 168,209,089 168,897,488 169,324,600 169,667,685 169,028,294 169,522,860 169,787,092 170,067,338 170,579,096 171,336,026 165,555,527 164,786,286
Selected Financial Data (US$)
Net sales (in millions) 2,628 2,389 2,848 2,556 2,403 2,171 2,707 2,373 2,140 1,892 2,320 2,107 1,971 1,773 2,273 1,868 1,618 1,655 2,376 1,994 1,860 1,657
Sales per share2 62.46 61.13 60.06 59.27 57.80 55.99 54.48 52.18 50.69 49.55 48.58 48.10 46.57 44.39 43.86 44.34 45.02 46.36 46.24 0.00 0.00 0.00
Share price1, 3 398.58 336.24 323.90 281.17 287.71 290.41 267.36 238.18 239.69 201.54 221.00 251.41 222.27 188.03 181.07 158.06 144.26 131.27 184.41 166.32 170.08 143.62
Valuation Ratio
P/S ratio4 6.38 5.50 5.39 4.74 4.98 5.19 4.91 4.56 4.73 4.07 4.55 5.23 4.77 4.24 4.13 3.56 3.20 2.83 3.99 — — —
Benchmarks
P/S Ratio, Competitors5
Apple Inc. 7.37 7.44 7.17 7.41 7.09 6.31 6.28 6.74 6.61 7.35 6.72 6.90 6.85 7.82 6.74 6.64 4.68 5.30 4.25 — — —
Arista Networks Inc. 17.25 15.03 14.16 11.14 10.92 8.57 9.89 9.93 10.18 11.13 13.57 13.63 11.07 10.15 10.24 8.50 7.87 6.73 7.09 — — —
Cisco Systems Inc. 3.42 3.35 4.04 3.59 3.83 3.80 3.62 3.53 4.54 4.59 4.96 4.60 4.09 3.68 3.52 3.76 3.83 3.71 3.96 — — —
Super Micro Computer Inc. 3.50 1.84 1.90 1.10 0.68 0.67 0.70 0.57 0.47 0.62 0.51 0.54 0.50 0.44 0.43 0.40 0.43 0.37 0.32 — — —

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
Sales per share = (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023) ÷ No. shares of common stock outstanding
= (2,628,000,000 + 2,389,000,000 + 2,848,000,000 + 2,556,000,000) ÷ 166,840,999 = 62.46

3 Closing price as at the filing date of Motorola Solutions Inc. Quarterly or Annual Report.

4 Q2 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 398.58 ÷ 62.46 = 6.38

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Motorola Solutions Inc. P/S ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Price to Book Value (P/BV)

Motorola Solutions Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
No. shares of common stock outstanding1 166,840,999 166,787,080 166,132,981 165,968,486 167,019,632 167,717,082 167,250,071 167,203,209 166,885,127 167,296,991 168,209,089 168,897,488 169,324,600 169,667,685 169,028,294 169,522,860 169,787,092 170,067,338 170,579,096 171,336,026 165,555,527 164,786,286
Selected Financial Data (US$)
Total Motorola Solutions, Inc. stockholders’ equity (deficit) (in millions) 802 521 724 362 337 234 116 (408) (443) (316) (40) (263) (358) (496) (558) (756) (830) (948) (700) (1,101) (970) (1,108)
Book value per share (BVPS)2 4.81 3.12 4.36 2.18 2.02 1.40 0.69 -2.44 -2.65 -1.89 -0.24 -1.56 -2.11 -2.92 -3.30 -4.46 -4.89 -5.57 -4.10 -6.43 -5.86 -6.72
Share price1, 3 398.58 336.24 323.90 281.17 287.71 290.41 267.36 238.18 239.69 201.54 221.00 251.41 222.27 188.03 181.07 158.06 144.26 131.27 184.41 166.32 170.08 143.62
Valuation Ratio
P/BV ratio4 82.92 107.64 74.32 128.91 142.59 208.15 385.48 — — — — — — — — — — — — — — —
Benchmarks
P/BV Ratio, Competitors5
Apple Inc. 37.90 38.73 44.21 47.21 43.92 43.09 48.89 44.95 37.86 38.64 38.96 37.28 32.20 34.75 28.33 25.14 15.98 15.85 12.21 9.98 9.15 6.61
Arista Networks Inc. 12.91 11.62 11.50 9.58 9.81 7.81 8.87 8.90 8.90 8.46 10.05 9.78 7.87 7.24 7.15 6.12 5.89 5.53 5.90 5.33 7.41 8.72
Cisco Systems Inc. 4.23 4.30 5.19 4.66 4.91 4.94 4.69 4.51 5.92 5.46 5.99 5.59 5.02 4.64 4.57 5.33 5.56 5.60 6.12 6.57 5.36 4.56
Super Micro Computer Inc. 10.54 6.28 6.85 4.07 2.49 2.49 2.54 2.09 1.66 2.10 1.65 1.72 1.52 1.35 1.35 1.29 1.41 1.27 1.21 1.25 1.27 1.30

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
BVPS = Total Motorola Solutions, Inc. stockholders’ equity (deficit) ÷ No. shares of common stock outstanding
= 802,000,000 ÷ 166,840,999 = 4.81

3 Closing price as at the filing date of Motorola Solutions Inc. Quarterly or Annual Report.

4 Q2 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 398.58 ÷ 4.81 = 82.92

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Motorola Solutions Inc. P/BV ratio increased from Q4 2023 to Q1 2024 but then slightly decreased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.