Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
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).
Paying user area
Try for free
Motorola Solutions Inc. pages available for free this week:
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Motorola Solutions Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Historical Valuation Ratios (Summary)
Motorola Solutions Inc., historical price multiples (quarterly data)
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).
The financial ratios reveal notable trends and fluctuations over the analyzed periods. The Price to Earnings (P/E) ratio exhibits an overall upward trajectory, starting at 24.43 and increasing to 45.42 by the final quarter. This indicates a rising market valuation relative to the company’s earnings, suggesting heightened investor expectations or potentially lower earnings relative to price. Despite some short-term declines, the general pattern points to increasing market optimism or valuation multiples.
The Price to Operating Profit (P/OP) ratio also follows a rising trend initially, moving from 13.86 to a peak around the mid-20s range between the third quarter of 2021 and late 2022. After a slight dip to approximately 20.77, it rebounds towards 26.18 in the latest quarter. This variation suggests fluctuations in how the company’s operating profits are valued by the market, possibly reflecting cyclic operating performance or changes in market sentiment regarding operational efficiency.
The Price to Sales (P/S) ratio shows consistent growth across the periods, beginning at 2.83 and reaching 6.38. This increasing ratio implies that the market values each dollar of sales increasingly higher over time. The steady climb signals either improved revenue quality, growth prospects, or positive investor perception of sales growth potential.
The Price to Book Value (P/BV) ratio data become available only from early 2023 onwards and starts at an exceptionally high level of 385.48, subsequently declining to 82.92 by the last quarter. Although still very elevated, this downward trend might indicate some correction in market valuation relative to book equity or changes in the company’s book value components. Such high P/BV figures typically reflect significant goodwill or intangible asset values or strong market valuation exceeding book equity substantially.
Overall, the ratios suggest a company experiencing progressive increases in market valuation relative to earnings, operating profits, and sales, accompanied by volatile but extremely high valuation relative to book value in recent periods. The rise in P/E and P/S ratios supports a narrative of growing investor confidence or higher growth expectations, while fluctuations in P/OP and P/BV ratios highlight changing perceptions of operational profitability and equity valuation. Continuous monitoring of these ratios is advisable to assess sustainability of valuation levels and corresponding financial performance.
Price to Earnings (P/E)
Motorola Solutions Inc., historical P/E calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||
| Net earnings (loss) attributable to Motorola Solutions, Inc. (in millions) | ||||||||||||||||||||||||
| Earnings per share (EPS)2 | ||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||
| P/E ratio4 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||
| Apple Inc. | ||||||||||||||||||||||||
| Arista Networks Inc. | ||||||||||||||||||||||||
| Cisco Systems Inc. | ||||||||||||||||||||||||
| Dell Technologies Inc. | ||||||||||||||||||||||||
| Super Micro Computer Inc. | ||||||||||||||||||||||||
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).
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
= ( + + + )
÷ =
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
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price demonstrated a generally upward trajectory over the analyzed periods, starting at $131.27 and reaching a peak of $398.58 by the latest quarter. Notable increases occurred between mid-2021 and late 2023, with some fluctuations such as a decline from $251.41 to $201.54 between October 2021 and April 2022, followed by a robust recovery into 2023 and 2024.
- Earnings per Share (EPS) Trend
- The EPS showed positive growth over time, beginning at $5.37 and rising to a maximum of $10.29 by December 2023. There was a moderate decrease noted in the most recent quarters, with EPS declining to $8.35 and then slightly recovering to $8.77 towards June 2024. The trend indicates consistent improvement in earnings ability until late 2023, followed by some stabilization and slight correction thereafter.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio displayed variability with an initial increase from 24.43 to a peak around 34-35 in late 2020 and mid-2022, reflecting relative market valuation rises against earnings. However, elevated P/E ratios were observed again in 2024, reaching values in the mid-40s. This suggests that the market price appreciation has outpaced earnings growth recently, potentially indicating higher investor expectations or speculative premium.
- Overall Insights
- The combination of rising share prices and generally increasing EPS points to strong financial performance and market confidence over the timeframe. The fluctuations and spikes in P/E ratio emphasize periods of shifting market sentiment and valuation norms. The recent moderation in EPS along with substantial P/E increases may warrant caution, suggesting that the current valuation is increasingly driven by market optimism rather than parallel increases in earnings.
Price to Operating Profit (P/OP)
Motorola Solutions Inc., historical P/OP calculation (quarterly data)
| Jun 29, 2024 | Mar 30, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 31, 2021 | Oct 2, 2021 | Jul 3, 2021 | Apr 3, 2021 | Dec 31, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||
| Operating earnings (in millions) | ||||||||||||||||||||||||
| Operating profit per share2 | ||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||
| P/OP ratio4 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||
| Apple Inc. | ||||||||||||||||||||||||
| Arista Networks Inc. | ||||||||||||||||||||||||
| Cisco Systems Inc. | ||||||||||||||||||||||||
| Dell Technologies Inc. | ||||||||||||||||||||||||
| Super Micro Computer Inc. | ||||||||||||||||||||||||
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).
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
= ( + + + )
÷ =
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
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited a general upward trajectory from March 2020 through June 2024. Starting at $131.27, it increased steadily with some fluctuations, reaching $181.07 by December 2020. Following this period, the price experienced a notable rise peaking at $251.41 in October 2021, before a dip to $201 in December 2021. Afterward, the share price ascended again, with minor volatility, achieving a substantial high of $398.58 by June 2024, indicating strong market valuation appreciation over the four-year period.
- Operating Profit Per Share (OPPS) Trend
- The operating profit per share showed a consistent increase over the same timeframe. Starting at $9.47 in March 2020, there was a slight decline until the end of 2020, bottoming around $8.18 in December 2020. From 2021 onward, a steady and sustained increase was observed, culminating in an OPPS of $15.22 by June 2024. This gradual improvement suggests enhanced operational profitability and efficiency over time.
- Price to Operating Profit (P/OP) Ratio Trend
- The P/OP ratio displayed considerable variability. It commenced relatively low at 13.86 in March 2020, rose sharply to a peak of 26.92 by December 2022, reflecting expanding share price valuations relative to operating profits. Following this peak, the ratio showed some moderation, fluctuating between approximately 20.77 and 26.18 in 2023 and mid-2024. This indicates that despite rising operating profits, share price gains occasionally outpaced profitability improvements, suggesting changing market sentiment or expectations regarding future growth potential.
- Overall Insights
- The data reflects a strong growth trend in both share price and operating profit per share, indicating positive operational performance and market confidence. The rising but fluctuating P/OP ratio points to periods of varying investor optimism regarding valuation relative to earnings. Notable periods include a sharp increase in share price and P/OP ratio in 2021 and late 2022, as well as a marked improvement in operating profit per share since early 2021, underscoring both enhanced earnings and valuation dynamics. Careful attention to the elevated P/OP ratio levels is warranted, as it may imply increased valuation risk or elevated expectations for further earnings growth.
Price to Sales (P/S)
Motorola Solutions Inc., historical P/S calculation (quarterly data)
| Jun 29, 2024 | Mar 30, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 31, 2021 | Oct 2, 2021 | Jul 3, 2021 | Apr 3, 2021 | Dec 31, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||
| Net sales (in millions) | ||||||||||||||||||||||||
| Sales per share2 | ||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||
| P/S ratio4 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||
| Apple Inc. | ||||||||||||||||||||||||
| Arista Networks Inc. | ||||||||||||||||||||||||
| Cisco Systems Inc. | ||||||||||||||||||||||||
| Dell Technologies Inc. | ||||||||||||||||||||||||
| Super Micro Computer Inc. | ||||||||||||||||||||||||
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).
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
= ( + + + )
÷ =
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
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price shows a consistent upward trend from March 2020 to June 2024. Starting at $131.27, it increased steadily with minor fluctuations, peaking at $398.58 in June 2024. Notable rises occurred between April 2023 and June 2024, reflecting strong market confidence.
- Sales per Share Pattern
- Sales per share also exhibit a steady increase from $46.36 in March 2020 to $62.46 in June 2024. This gradual growth indicates continual revenue improvement on a per-share basis, suggesting effective sales performance and potential expansion.
- Price-to-Sales (P/S) Ratio Movement
- The P/S ratio generally trends upward, indicating that the share price is increasing at a faster rate than sales per share. Beginning at 2.83 in March 2020, it rises to 6.38 by June 2024. This increase suggests growing market valuation relative to sales, which may reflect heightened investor expectations or improved profitability prospects.
- Insights and Observations
- The parallel increase in share price and sales per share points to solid operational performance and market valuation growth. However, the rising P/S ratio implies that investor optimism is outpacing fundamental sales growth, potentially indicating premium valuation levels. The temporary dips in both share price and P/S ratio during late 2021 and early 2022 could indicate market corrections or external factors temporarily affecting valuation.
Price to Book Value (P/BV)
Motorola Solutions Inc., historical P/BV calculation (quarterly data)
| Jun 29, 2024 | Mar 30, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 31, 2021 | Oct 2, 2021 | Jul 3, 2021 | Apr 3, 2021 | Dec 31, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||
| Total Motorola Solutions, Inc. stockholders’ equity (deficit) (in millions) | ||||||||||||||||||||||||
| Book value per share (BVPS)2 | ||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||
| P/BV ratio4 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||
| Apple Inc. | ||||||||||||||||||||||||
| Arista Networks Inc. | ||||||||||||||||||||||||
| Cisco Systems Inc. | ||||||||||||||||||||||||
| Dell Technologies Inc. | ||||||||||||||||||||||||
| Super Micro Computer Inc. | ||||||||||||||||||||||||
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).
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
= ÷ =
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
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trends
- There is a general upward trajectory in the share price over the analyzed periods. Starting at $131.27, the price steadily increased with some fluctuations, peaking at $398.58 in the latest period. Notable rises occurred between mid-2020 and the end of 2021, followed by a slight dip, and then a pronounced increase throughout 2023 into mid-2024.
- Book Value per Share (BVPS) Trends
- The BVPS started negative at -$5.57 and showed a consistent rise, moving towards positive territory over time. This transition to positive BVPS began around the end of 2022 and continued to improve through 2024, peaking at $4.81 in the latest period. The initial negative values suggest previous equity deficits, while the subsequent positive trend indicates strengthening shareholder equity.
- Price to Book Value (P/BV) Ratio Trends
- The P/BV ratio was not available in the early periods but was provided from late 2022 onward. The ratio exhibits a declining pattern from an exceptionally high 385.48 to 82.92 by mid-2024, indicating that the market price is becoming less disproportionately high relative to the book value. This decline reflects either an increase in book value or a relative stabilization of the share price concerning the company’s underlying equity.
- Overall Insights
- The combination of rising share prices, improving BVPS from negative to positive values, and declining P/BV ratios highlights a strengthening financial position. The improved book value per share accompanied by a substantial increase in share price suggests enhanced market confidence and possibly improved profitability or asset base. The decreasing P/BV ratio, despite rising share prices, implies that the company’s equity base has grown sufficiently to support higher market valuations more sustainably.