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Motorola Solutions (LTS:0K3H) 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.

* Premium members only.

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)
=3.124/131.7762*131.7762
=3.124

Current CPI (Mar. 2024) = 131.7762.

Motorola Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.498 100.560 21.619
201409 13.339 100.428 17.503
201412 12.443 99.070 16.551
201503 9.889 99.621 13.081
201506 8.778 100.684 11.489
201509 -1.739 100.392 -2.283
201512 -0.608 99.792 -0.803
201603 -0.842 100.470 -1.104
201606 -4.133 101.688 -5.356
201609 -3.971 101.861 -5.137
201612 -5.853 101.863 -7.572
201703 -6.423 102.862 -8.228
201706 -6.074 103.349 -7.745
201709 -5.123 104.136 -6.483
201712 -10.806 104.011 -13.691
201803 -9.585 105.290 -11.996
201806 -9.287 106.317 -11.511
201809 -8.628 106.507 -10.675
201812 -7.908 105.998 -9.831
201903 -6.724 107.251 -8.262
201906 -5.875 108.070 -7.164
201909 -6.439 108.329 -7.833
201912 -4.106 108.420 -4.991
202003 -5.576 108.902 -6.747
202006 -4.885 108.767 -5.918
202009 -4.463 109.815 -5.356
202012 -3.294 109.897 -3.950
202103 -2.923 111.754 -3.447
202106 -2.115 114.631 -2.431
202109 -1.555 115.734 -1.771
202112 -0.237 117.630 -0.266
202203 -1.885 121.301 -2.048
202206 -2.654 125.017 -2.797
202209 -2.436 125.227 -2.563
202212 0.693 125.222 0.729
202303 1.395 127.348 1.444
202306 2.017 128.729 2.065
202309 2.178 129.860 2.210
202312 4.356 129.419 4.435
202403 3.124 131.776 3.124

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  (LTS:0K3H) 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

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Motorola Solutions (LTS:0K3H) Business Description

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.

Motorola Solutions (LTS:0K3H) Headlines

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