In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Dolby Laboratories's net current asset value per share for the quarter that ended in Jun. 2022 was $10.53.
The historical rank and industry rank for Dolby Laboratories's Net Current Asset Value or its related term are showing as below:
DLB'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.2 Med: 7.5 Max: 14.93
Current: 7.53
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Dolby Laboratories was 14.93. The lowest was 3.20. And the median was 7.50.
DLB's Price-to-Net-Current-Asset-Value is ranked worse than 62.41% of 1713
companies
in the Software industry
Industry Median: 5.24
vs DLB: 7.53
Dolby Laboratories Net Current Asset Value Historical Data
The historical data trend for Dolby Laboratories's Net Current Asset Value 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.
Dolby Laboratories Annual Data
Trend
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Net Current Asset Value
6.02
9.64
8.66
10.59
12.39
Dolby Laboratories Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Net Current Asset Value
12.43
12.39
12.07
11.48
10.53
Competitive Comparison
For the Information Technology Services subindustry, Dolby Laboratories's Net Current Asset Value, along with its competitors' market caps and Net Current Asset Value 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.
Dolby Laboratories Net Current Asset Value Distribution
For the Software industry and Technology sector, Dolby Laboratories's Net Current Asset Value distribution charts can be found below:
* The bar in red indicates where Dolby Laboratories's Net Current Asset Value falls into.
Dolby Laboratories Net Current Asset Value Calculation
Dolby Laboratories's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Sep. 2021 is calculated as
* 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.
Dolby Laboratories (NYSE:DLB) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of GrahamÂ’s strategy produced similar results.
Dolby Laboratories Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Dolby Laboratories's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company generates three fourths of its revenue from licensing its technology to consumer electronics manufacturers around the world. The rest of revenue comes from equipment sales to professional producers and audio engineering services.
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