Motorola Solutions is trading with a PEG ratio of 12, based on Jun 22, 2026 data. Dividing the 31.2 PE ratio by the 2.6% earnings growth rate yields this valuation metric. Relative to the 4.0 average from the past 4 quarters, the PEG ratio has soared by 200%.
Historically, Motorola Solutions maintains a PEG ratio averaging 2.92 across the past ten years. At 12.0, today's PEG ratio sits 311% higher than its historical average. The ten years high occurred in the Mar 2024 quarter at 28.41, reflecting maximum valuation relative to growth. The minimum was hit in the Sep 2019 quarter at 0.01, indicating optimal value relative to growth during that period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.81 | 29.65 | 36.8% |
| 2024 | N/A | 48.91 | -7.6% |
| 2023 | 1.19 | 30.61 | 25.7% |
| 2022 | 2.99 | 31.66 | 10.6% |
| 2021 | 1.16 | 36.92 | 31.9% |
| 2020 | 4.29 | 30.48 | 7.1% |
| 2019 | N/A | 30.93 | -12.4% |
| 2018 | 0.03 | 19.33 | 726.3% |
| 2017 | N/A | N/A | -128.8% |
| 2016 | 3.22 | 25.12 | 7.8% |
| 2015 | N/A | 22.37 | -42.2% |
| 2014 | 0.45 | 12.68 | 28.1% |
| 2013 | 0.44 | 16.34 | 36.8% |
| 2012 | N/A | 18.44 | -13% |
| 2011 | 0.16 | 13.34 | 82.6% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Apr 2026 | 13.43 | 34.92 | 2.6% |
| Dec 2025 | 0.81 | 29.65 | 36.8% |
| Sep 2025 | 1.01 | 35.97 | 35.7% |
| Jun 2025 | 0.74 | 33.02 | 44.6% |
| Mar 2025 | 0.75 | 35.35 | 47.1% |
| Dec 2024 | N/A | 48.91 | -7.6% |
| Sep 2024 | N/A | 47.74 | -8.1% |
| Jun 2024 | N/A | 44.02 | -3.2% |
| Mar 2024 | 28.41 | 42.61 | 1.5% |
| Dec 2023 | 1.19 | 30.61 | 25.7% |
| Sep 2023 | 0.59 | 26.77 | 45.3% |
| Jul 2023 | 1.2 | 32.37 | 26.9% |
| Apr 2023 | 3.75 | 34.85 | 9.3% |
| Dec 2022 | 2.99 | 31.66 | 10.6% |
| Oct 2022 | N/A | 32 | -5.4% |
When comparing to historical data, MSI's PEG ratio is above its 3, 5 and 10-year averages.
Motorola Solutions's PEG of 12 is above the Technology sector and the industry average.
MSI has a PEG ratio above that of peer stocks CSCO and HPQ.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| CSCO Cisco Systems Inc | 1.81 | $481.45B |
| HPQ Hp Inc | 1.9 | $21.87B |
| MSI Motorola Solutions Inc | 12.05 | $65.39B |
| QCOM Qualcomm Inc | N/A | $214.37B |
| HON Honeywell International Inc | N/A | $142.15B |
MSI's Jun 22, 2026 PEG ratio comes in at 12.
Historical data over a 3-year period places MSI's average PEG ratio at 5.35.
Historical data over a 5-year period places MSI's average PEG ratio at 4.03.
In the last ten years, MSI's peak PEG ratio of 28.41 was recorded in the Mar 2024 quarter.
Compared to the 10-year average, MSI's PEG ratio is 311% higher.
The elevated PEG ratio of 12 indicates that MSI may be overvalued relative to its earnings growth potential.
To calculate the PEG ratio, take the company's PE ratio and divide by its EPS growth rate (YoY TTM). As of Jun 22, 2026, Motorola Solutions carries a P/E ratio of 31.2. Earnings grew at 2.6% over the TTM period ending Apr 2026. Applying the formula, this yields a price to earnings growth ratio of 12. PEG RATIO(12) = PE RATIO(31.2) / EPS GROWTH(2.6%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.