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Motorola Solutions valuation and forecast

Explore the models for Motorola Solutions, adjust their assumptions and compare your own valuation with the platform's.

Your valuation workspace

What is MSI worth to you?

Start with the company's financial data. Make the assumptions your own.

5 models available

01 / Assumptions

Follow the forecast

The cash flows behind your value

USD per share
View annual figures
Forecast yearCash flow / share

Negative cash flows are shown in terracotta. Before the terminal value and equity bridge. Residual-income models show excess earnings; dividend models show dividends.

See the range of possibilities

Compare and combine your models

Your weighted value—

Weights start with the platform's included models. Change them to build your own combination. Select a model name to edit its assumptions.

ModelYour value / shareWeight

The platform's price and consistency filters are not reapplied to your scenarios.

Other model types 17 unavailable for MSI

Residual income

return on equity above 40%: buybacks or intangibles make book value too small an anchor

Revenue-to-maturity DCF

This model does not apply to this company with the available financial data.

Growth DCF

This model does not apply to this company with the available financial data.

P/B vs return on equity

This model does not apply to this company with the available financial data.

Peer price-to-book

This model does not apply to this company with the available financial data.

Peer P/E

This model does not apply to this company with the available financial data.

Peer price-to-FFO

This model does not apply to this company with the available financial data.

Peer price-to-sales

This model does not apply to this company with the available financial data.

Forward peer price-to-sales

This model does not apply to this company with the available financial data.

PEG comparison

This model does not apply to this company with the available financial data.

Two-stage dividend discount

This model does not apply to this company with the available financial data.

Growing-dividend model

This model does not apply to this company with the available financial data.

REIT funds from operations

This model does not apply to this company with the available financial data.

Utility earnings

This model does not apply to this company with the available financial data.

Book value / net assets

This model does not apply to this company with the available financial data.

Reported crypto treasury NAV

This model does not apply to this company with the available financial data.

Proved-reserve NAV

This model does not apply to this company with the available financial data.

Model values are estimates under the assumptions shown. They are not share-price forecasts or investment advice.

Valuation models compared

Cash-flow modelgrowth 4.3–14.3%, 8.5% discount
~$350~$250–$480
Forward price-to-earnings vs peersNext year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
~$300~$240–$390
Justified price-to-bookBook value times (return on equity - growth) / (cost of equity - growth): steady-state returns.
~$160~$140–$190
Models combinedweighted average of 3 models; primary model counts double
~$290~$160–$350

range across growth cases central value market price $490.30

Different models answer different questions: the cash-flow models ask what the business generates for owners; the peer multiples ask what similar companies in our coverage trade on. Where they disagree, the gap is the story. Projections are estimates based on current data, updated daily. Not investment advice. How each model works.

Analyst recommendations

14 analysts, Oct 2026
Buy1286%
Hold214%
Sell00%

Monthly trend

  1. Oct 202657214
  2. Sep 202657214
  3. Aug 202657214
  4. Jul 202657214

Counts of recommendations published by analysts covering Motorola Solutions, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Price history

Loading chart…

Third-party market data · may be delayed

Five-year projection

  • Share price
  • Higher growth
  • Base case
  • Lower growth
$300 $400 $500 $600 Nov 2024 Today 20272028202920302031 ~$590 ~$420 ~$280

Today: lower growth ~$250 · base case ~$350 · higher growth ~$480 · share price $490.19

Where our model's value per share would be at each point if that growth case plays out — not a forecast of the share price, which can stay above or below value for long periods. How projections are calculated.

Projections are estimates based on current data, updated daily. Not investment advice.

How our value has changed

Our value per share (re-run on each quarter's filings) Share price, month end
$200 $300 $400 $500 20222023202420252026
View the data
PeriodOur value per share
FY2021 Q3 (backtest)$178
FY2021 Q4 (backtest)$180
FY2022 Q1 (backtest)$169
FY2022 Q2 (backtest)$145
FY2022 Q3 (backtest)$145
FY2022 Q4 (backtest)$205
FY2023 Q1 (backtest)$207
FY2023 Q2 (backtest)$217
FY2023 Q3 (backtest)$234
FY2023 Q4 (backtest)$249
FY2024 Q1 (backtest)$248
FY2024 Q2 (backtest)$218
FY2024 Q3 (backtest)$239
FY2024 Q4 (backtest)$255
FY2025 Q1 (backtest)$269
FY2025 Q2 (backtest)$269
FY2025 Q3 (backtest)$260
FY2025 Q4 (backtest)$278
FY2026 Q1 (backtest)$298
FY2026 Q2 (backtest)$343

Our model re-run on each past quarter's filed figures: how the method would have valued Motorola Solutions at the time (a backtest — our dated public record starts at launch). The grey line is the share price at month end, for comparison.

Five-year model value, by case

Year Lower growth Base case Higher growth
Latest filing ~$250 ~$350 ~$480
2027 ~$260 ~$360 ~$500
2028 ~$260 ~$380 ~$530
2029 ~$270 ~$390 ~$550
2030 ~$280 ~$400 ~$570
2031 ~$280 ~$420 ~$590

Projections are estimates based on current data, updated daily. Not investment advice. How projections are calculated.

The assumptions

Free cash flow (TTM, FY2026 Q2)
$2.7B
Less stock-based pay
$357M
Cash flow we value
$2.6B
Growth, years 1–5 (base)
9.3%
Then fading to
2.5%
Discount rate
8.5%
Net cash added
-$8.8B
Diluted shares
166M

What would move the value

Growth 5 points lower
−28%
Growth 5 points higher
+36%
Free-cash-flow margin 1 point lower
−5%
Discount rate 1 point higher
−17%

Change in our model value when one input moves, all else equal.

MSI valuation questions

What is Motorola Solutions worth per share?
Our discounted-cash-flow model of Motorola Solutions's free cash flow after stock-based pay puts its value at ~$350 per share in the base case, with a range of ~$250–$480 across lower- and higher-growth cases. Model values under stated assumptions, not a price target or recommendation.
What could Motorola Solutions be worth by 2031?
If our base case plays out, the model's value per share would be about ~$420 by 2031 (~$280–$590 across our lower- and higher-growth cases). This is where the model's value would be, not a forecast of the share price, which can stay above or below value for long periods.
How does Fundamentalytics value Motorola Solutions?
We value Motorola Solutions's normalised cash flow after stock-based pay using a ten-year discounted-cash-flow model. Near-term growth can incorporate forecasts and guidance; growth then fades to the long-run rate. The equity bridge adds cash and subtracts debt and other claims. The calculator shows the company data and assumptions you can adjust.

Data: SEC EDGAR filings, retrieved October 20, 2026. Method: how we value companies. Disclosures: research and recommendations disclosure. Back to Motorola Solutions.

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