Price to Book Value (P/BV)
since 2005
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Motorola Solutions Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Analysis of Revenues
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Calculation
Motorola Solutions Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total Motorola Solutions, Inc. stockholders’ equity (deficit)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 15, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 14, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 13, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 13, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 2, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Motorola Solutions Inc. Annual Report.
The financial data reveals notable fluctuations and trends in share price, book value per share (BVPS), and price-to-book value (P/BV) ratio over the analyzed periods.
- Share Price
- The share price exhibited a general upward trajectory from 2006 to 2024, albeit with significant volatility. Starting at $155.33 in 2006, it declined sharply to $25.34 by early 2009, likely reflecting adverse market conditions or company-specific challenges during that period. Subsequently, the share price recovered and steadily increased, reaching $323.9 by 2024. This long-term appreciation suggests robust investor confidence and potential growth in the company's valuation over the later years.
- Book Value per Share (BVPS)
- BVPS demonstrated a declining trend commencing around 2006, from $46.69, dropping consistently to negative values between 2016 and 2021, with the lowest point at -$10.8 in 2018. This decline indicates erosion of shareholders' equity per share, possibly due to accumulated losses or significant write-downs. Post-2021, BVPS showed signs of recovery, moving into positive territory again by 2023 and 2024, reaching $4.36. The recovery suggests an improvement in the company's net asset position.
- Price-to-Book Value (P/BV) Ratio
- The P/BV ratio fluctuated considerably, initially decreasing from 3.33 in 2006 to a low of 0.87 in 2009, aligning with the drop in share price and stabilizing book value per share. After 2009, the ratio spiked, reaching values above 5 during 2012 to 2015, reflecting a market valuation significantly exceeding book values, possibly due to growth expectations or intangible asset recognition. Missing values in the mid-period limit interpretation for 2016-2021, but by 2023 and 2024, the ratio surged dramatically to 385.48 and 74.32, respectively, influenced by the very low or near-zero BVPS values, which can distort this ratio and signal caution in its interpretability during these years.
Overall, the data reflects a company undergoing significant financial stress as evidenced by negative BVPS values and high P/BV ratios during the mid-term. However, the strong recovery in share price and gradual normalization of BVPS in the most recent years suggest a stabilization and renewed market optimism. The extreme volatility in the P/BV ratio in the later years warrants careful analysis, as it likely results from minimal book value bases rather than proportional increases in market valuation.
Comparison to Competitors
Motorola Solutions Inc., P/BV, long-term trends, comparison to competitors
| Motorola Solutions Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Feb 15, 2024 | ||||||
| Feb 16, 2023 | ||||||
| Feb 16, 2022 | ||||||
| Feb 12, 2021 | ||||||
| Feb 14, 2020 | ||||||
| Feb 15, 2019 | ||||||
| Feb 16, 2018 | ||||||
| Feb 21, 2017 | ||||||
| Feb 23, 2016 | ||||||
| Feb 13, 2015 | ||||||
| Feb 13, 2014 | ||||||
| Feb 12, 2013 | ||||||
| Feb 15, 2012 | ||||||
| Feb 18, 2011 | ||||||
| Feb 16, 2010 | ||||||
| Feb 26, 2009 | ||||||
| Feb 28, 2008 | ||||||
| Feb 28, 2007 | ||||||
| Mar 2, 2006 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Motorola Solutions Inc., P/BV, long-term trends, comparison to sector (technology hardware & equipment)
| Motorola Solutions Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Feb 15, 2024 | ||
| Feb 16, 2023 | ||
| Feb 16, 2022 | ||
| Feb 12, 2021 | ||
| Feb 14, 2020 | ||
| Feb 15, 2019 | ||
| Feb 16, 2018 | ||
| Feb 21, 2017 | ||
| Feb 23, 2016 | ||
| Feb 13, 2015 | ||
| Feb 13, 2014 | ||
| Feb 12, 2013 | ||
| Feb 15, 2012 | ||
| Feb 18, 2011 | ||
| Feb 16, 2010 | ||
| Feb 26, 2009 | ||
| Feb 28, 2008 | ||
| Feb 28, 2007 | ||
| Mar 2, 2006 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Motorola Solutions Inc., P/BV, long-term trends, comparison to industry (information technology)
| Motorola Solutions Inc. | Information Technology | |
|---|---|---|
| Feb 15, 2024 | ||
| Feb 16, 2023 | ||
| Feb 16, 2022 | ||
| Feb 12, 2021 | ||
| Feb 14, 2020 | ||
| Feb 15, 2019 | ||
| Feb 16, 2018 | ||
| Feb 21, 2017 | ||
| Feb 23, 2016 | ||
| Feb 13, 2015 | ||
| Feb 13, 2014 | ||
| Feb 12, 2013 | ||
| Feb 15, 2012 | ||
| Feb 18, 2011 | ||
| Feb 16, 2010 | ||
| Feb 26, 2009 | ||
| Feb 28, 2008 | ||
| Feb 28, 2007 | ||
| Mar 2, 2006 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).