# Motorola Solutions Inc. (MSI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Communications Equipment. Price $468.05, market value $77.5 billion.

## Valuation
- **P/E (trailing): 36.9×** (5-yr avg 35.4×, 3-yr avg 36.6×). Motorola Solutions Inc. trades at 36.9× trailing earnings, close to its own five-year average of 35.4×. The Technology median in the September 2026 study was 32.1×. Forward P/E is 24.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.64**. A PEG of 0.64 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 6.3×**. Each dollar of revenue is priced at 6.3×.
- **Price / book: 29.0×**. The shares trade at 29.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 23.5×**. Enterprise value is 23.5× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 3.5%** (5-yr avg 3.5%). Free cash flow equals 3.5% of the market value, in line with its five-year average of 3.5%.
- **Earnings yield: 2.7%**. The inverse of the P/E: 2.7% of the price is earned each year.

## Profitability
- **Gross margin: 52.0%**. Motorola Solutions Inc. keeps 52.0% of revenue after the direct cost of what it sells.
- **Operating margin: 24.9%**. 24.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 18.4%**. 18.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 89.4%**. A 89.4% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 24.9%**. Return on all capital, debt included, is 24.9%: comfortably above what that capital costs.
- **Return on assets: 11.0%**. Each dollar of assets produces 11.0% of profit.

## Growth
- **Revenue growth (1 yr): 8.0%** (3-yr 8.6%/yr, 5-yr 9.5%/yr). Revenue grew 8.0% over the last year, against 9.5% a year compounded over five years.
- **EPS growth (1 yr): 38.1%** (3-yr 17.2%/yr, 5-yr 18.5%/yr). Earnings per share rose 38.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 18.0%/yr**. Free cash flow has compounded at 18.0% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 3.49**. Debt is 3.49 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 2.0×**. It would take 2.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.03%** ($4.72 per share, trailing). Motorola Solutions Inc. yields 1.03%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 34%** (29% of free cash flow). 34% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 15**. 15 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 11.2%/yr** (1-yr 11.2%). The dividend has compounded at 11.2% a year over five years, doubling roughly every 6 years at that pace.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover Motorola Solutions Inc.; the consensus is buy, with an average price target of $526.82 (+13% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -1.1%** (YTD 22.8%, 3-mo 14.4%). The shares are down 1.1% over twelve months including dividends.
- **From 52-week high: -5.4%** (30.2% above the low). Trading 5% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 0.17** (volatility 26%). Beta of 0.17 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MSI · Page: https://foliofundamentals.com/stocks/msi

Not investment advice.