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Motorola Solutions (STU:MTLA) Cyclically Adjusted PB Ratio : (As of May. 23, 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)
=2.874/131.7762*131.7762
=2.874

Current CPI (Mar. 2024) = 131.7762.

Motorola Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.143 100.560 15.913
201409 10.351 100.428 13.582
201412 10.091 99.070 13.422
201503 9.137 99.621 12.086
201506 7.821 100.684 10.236
201509 -1.549 100.392 -2.033
201512 -0.558 99.792 -0.737
201603 -0.756 100.470 -0.992
201606 -3.678 101.688 -4.766
201609 -3.538 101.861 -4.577
201612 -5.549 101.863 -7.179
201703 -6.006 102.862 -7.694
201706 -5.406 103.349 -6.893
201709 -4.299 104.136 -5.440
201712 -9.131 104.011 -11.568
201803 -7.773 105.290 -9.728
201806 -7.950 106.317 -9.854
201809 -7.395 106.507 -9.150
201812 -6.951 105.998 -8.641
201903 -5.951 107.251 -7.312
201906 -5.200 108.070 -6.341
201909 -5.846 108.329 -7.111
201912 -3.695 108.420 -4.491
202003 -5.047 108.902 -6.107
202006 -4.338 108.767 -5.256
202009 -3.789 109.815 -4.547
202012 -2.708 109.897 -3.247
202103 -2.455 111.754 -2.895
202106 -1.755 114.631 -2.017
202109 -1.322 115.734 -1.505
202112 -0.210 117.630 -0.235
202203 -1.712 121.301 -1.860
202206 -2.511 125.017 -2.647
202209 -2.460 125.227 -2.589
202212 0.654 125.222 0.688
202303 1.303 127.348 1.348
202306 1.861 128.729 1.905
202309 2.041 129.860 2.071
202312 3.995 129.419 4.068
202403 2.874 131.776 2.874

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  (STU:MTLA) 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 (STU:MTLA) 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 (STU:MTLA) Headlines

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