---
title: Motorola Solutions (MSI) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/msi
ticker: MSI
as_of: 2026-10-17
sector: Technology
industry: Communication Equipment
---
# Motorola Solutions (MSI)

Motorola Solutions (MSI) closed at $463.10 on Oct 16, 2026, overvalued by 61% vs its model value of $286.83 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $463.10 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $286.83 |
| Price vs model | overvalued by 61% vs model |
| Range of that model | $175.68 – $676.40 |
| Market value | $76.6B |
| P/E (fiscal 2025) | 36.3 |
| Net margin (fiscal 2025) | 18.4% |
| Free cash flow (fiscal 2025) | $2.6B |
| Dividend yield (trailing twelve months) | 1.05% |
| Beta | 0.89 |
| Cost of capital (WACC) | 8.38% |
| Business classification | Mature & Stable (Low/slowing growth (~8% recent), Moderate margins (18% net margin), Highly cyclical earnings, High leverage (D/E 3.8x)) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.05% |
| Dividends per share, last 12 months | $4.84 |
| Dividends / free cash flow (fiscal 2025) | 28.3% |
| Raised | 14 years in a row |
| Growth over 5 years | 11.3% a year |
| Latest payment | $1.21, ex-date Sep 16, 2026, paid Oct 15, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 14, 2021 | $2.84 |
| To Sep 14, 2022 | $3.16 |
| To Sep 14, 2023 | $3.52 |
| To Sep 13, 2024 | $3.92 |
| To Sep 15, 2025 | $4.36 |
| Trailing twelve months (to Sep 16, 2026) | $4.84 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $286.83 | $175.68 | $676.40 |
| DCF · Perpetuity growth · 10y | cross check | $313.63 | $198.79 | $709.66 |
| DCF · EBITDA exit · 5y | cross check | $302.12 | $203.46 | $418.33 |
| DCF · EBITDA exit · 10y | cross check | $326.21 | $220.13 | $467.55 |
| P/E · peers | cross check | $765.64 | $257.64 | $1,273.65 |
| P/E · own history | cross check | $550.57 | $508.10 | $680.22 |
| PEG | sanity check | $344.77 | $344.77 | $344.77 |
| EV/EBITDA · peers | cross check | $237.84 | $220.29 | $1,310.95 |
| EV/Revenue · peers | cross check | $80.19 | $17.31 | $172.47 |
| Earnings power value | cross check | $52.54 | $37.38 | $74.32 |
| Dividend discount | cross check | $106.65 | $72.79 | $177.20 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 12 open-market sales ($8.5M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 2, 2026 | Lashier Mark E | Director | Grant / award | 62 | $27,739.4 |
| Sep 3, 2026 | MOORE KATHRYN A | SVP, HUMAN RESOURCES | Tax withholding | 37.66 | $17,784.2 |
| Sep 2, 2026 | BROWN GREGORY Q | Chairman and CEO | Option/RSU exercise | 14,220 | $1.2M |
| Sep 2, 2026 | BROWN GREGORY Q | Chairman and CEO | Open-market sell | 2,400 | $1.2M |
| Sep 2, 2026 | BROWN GREGORY Q | Chairman and CEO | Open-market sell | 4,650 | $2.3M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 9, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/68505/000119312526386490/d492220d8k.htm |
| Aug 17, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/68505/000119312526354035/d143399d8k.htm |
| Aug 6, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/68505/000119312526336923/d162983d424b5.htm |
| Aug 5, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/68505/000006850526000028/msi-20260704.htm |
| Aug 5, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/68505/000006850526000027/msi-20260805.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Mairs & Power | 2026-06-30 | 544,876 | $226.3M |
| Jensen | 2026-06-30 | 278,721 | $115.8M |
| Leon Cooperman | 2026-06-30 | 135,000 | $56.1M |
| David Rolfe | 2026-06-30 | 65,643 | $27.3M |

8 tracked managers in all.

## About

Motorola Solutions, Inc. delivers essential communication and data analysis capabilities vital for critical operations across the United States, the United Kingdom, Canada, and other international markets. The company structures its extensive operations into two primary segments: Products and Systems Integration, and Software and Services. The Products and Systems Integration division offers a comprehensive suite of infrastructure, various devices, accessories, and video security solutions, alongside expert services for the deployment and seamless integration of systems, hardware, software, and specialized applications. This segment caters to governmental bodies, public safety agencies, and commercial enterprises that rely on private communication networks, advanced video security systems, and robust tools for managing mobile workforces. Their product portfolio spans land mobile radio (L…

---

Source: https://sweetvaluelab.com/stocks/msi (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.