Price to Sales (P/S)
since 2005
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Motorola Solutions Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Analysis of Revenues
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Calculation
Motorola Solutions Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (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.
- Share Price Trend
- The share price experienced significant volatility over the period analyzed. Initially, it declined sharply from $155.33 in early 2006 to a low of $25.34 by early 2009. After this trough, the price embarked on a prolonged recovery and subsequent growth trajectory, increasing steadily each year to reach $323.90 in early 2024. This represents more than a twelvefold increase from the lowest point during the financial crisis period.
- Sales per Share Trend
- Sales per share demonstrated a downward trend from 2006 through 2011, falling from $103.18 to $57.27, and hitting a low of $25.80 in 2012. Following this period of decline, sales per share showed gradual improvement from 2012 onwards, increasing to $60.06 by 2024. Despite the recovery, sales per share in 2024 remained lower than the levels observed in the mid-2000s, indicating a moderate growth phase after a significant contraction.
- Price-to-Sales (P/S) Ratio Trend
- The P/S ratio displayed marked fluctuations indicative of changing market valuations relative to sales. Starting at 1.51 in 2006, it fell to a trough of 0.27 in 2009, coinciding with the period of declining sales per share and share price. Post-2009, the P/S ratio rose steadily year-over-year, culminating at 5.39 in 2024, which suggests a strengthening investor willingness to pay a premium for each dollar of sales. The consistent increase in P/S ratio in the latter years indicates improved market sentiment and potentially higher expected future growth or profitability margins.
- Overall Analysis
- The data shows that the company underwent a challenging period during the late 2000s marked by declining share price and sales per share, with particularly low market valuations relative to sales. From around 2012 onwards, there was a sustained recovery in share price and P/S multiple, alongside a moderate rebound in sales per share. The acceleration of share price growth and the rising P/S ratio in more recent years imply enhanced market confidence and expectations for ongoing business improvement. While sales per share increased gradually, the more pronounced rise in valuation multiples reflects broader investor optimism likely driven by factors beyond current sales levels, such as profitability improvements, strategic developments, or favorable market conditions.
Comparison to Competitors
Motorola Solutions Inc., P/S, 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/S, 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/S, 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).