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Motorola Solutions (BUE:MSI) Cyclically Adjusted PB Ratio : (As of Jun. 10, 2024)


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What is Motorola Solutions Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Motorola Solutions Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Motorola Solutions's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Motorola Solutions Cyclically Adjusted PB Ratio Chart

Motorola Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.51 44.58 165.69 - -

Motorola Solutions Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Motorola Solutions's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Motorola Solutions's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Motorola Solutions's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Motorola Solutions's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Motorola Solutions's Cyclically Adjusted PB Ratio falls into.



Motorola Solutions Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Motorola Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Motorola Solutions's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=13157.749/131.7762*131.7762
=13,157.749

Current CPI (Mar. 2024) = 131.7762.

Motorola Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201406 670.232 100.560 878.292
201409 561.506 100.428 736.779
201412 532.006 99.070 707.640
201503 436.088 99.621 576.846
201506 398.787 100.684 521.937
201509 -81.742 100.392 -107.296
201512 -39.356 99.792 -51.970
201603 -61.476 100.470 -80.631
201606 -288.859 101.688 -374.328
201609 -296.154 101.861 -383.130
201612 -463.929 101.863 -600.169
201703 -495.135 102.862 -634.315
201706 -500.762 103.349 -638.501
201709 -448.904 104.136 -568.056
201712 -1,031.746 104.011 -1,307.164
201803 -965.598 105.290 -1,208.505
201806 -1,158.109 106.317 -1,435.438
201809 -1,587.599 106.507 -1,964.269
201812 -1,490.904 105.998 -1,853.486
201903 -1,314.177 107.251 -1,614.699
201906 -1,312.496 108.070 -1,600.412
201909 -1,800.425 108.329 -2,190.109
201912 -1,227.024 108.420 -1,491.352
202003 -1,730.638 108.902 -2,094.158
202006 -1,672.213 108.767 -2,025.957
202009 -1,656.595 109.815 -1,987.889
202012 -1,340.320 109.897 -1,607.165
202103 -1,316.431 111.754 -1,552.281
202106 -1,001.575 114.631 -1,151.375
202109 -760.383 115.734 -865.779
202112 -119.727 117.630 -134.126
202203 -1,012.219 121.301 -1,099.631
202206 -1,596.950 125.017 -1,683.294
202209 -1,692.287 125.227 -1,780.798
202212 580.519 125.222 610.905
202303 1,378.256 127.348 1,426.184
202306 2,420.108 128.729 2,477.401
202309 3,811.128 129.860 3,867.379
202312 7,862.936 129.419 8,006.124
202403 13,157.749 131.776 13,157.749

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Motorola Solutions  (BUE:MSI) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Motorola Solutions Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Motorola Solutions's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Motorola Solutions (BUE:MSI) Business Description

Industry
Address
500 West Monroe Street, Suite 4400, Chicago, IL, USA, 60661
Motorola Solutions is a leading provider of communications and analytics, primarily serving public safety departments as well as schools, hospitals, and businesses. The bulk of the firm's revenue comes from sales of land mobile radios and radio network infrastructure, but the firm also sells surveillance equipment and dispatch software. Most of Motorola's revenue comes from government agencies, while roughly 25% comes from schools and private businesses. Motorola has customers in over 100 countries and in every state in the United States.