Dolby Laboratories (MEX:DLB) Cyclically Adjusted PB Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:DLB Dolby Laboratories Inc MEX:DLB
73 GF Score
Price MXN933.45
GF Value MXN1,548.00
! 2 Warning Signs
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What is Dolby Laboratories Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dolby Laboratories  (MEX:DLB) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Dolby Laboratories Cyclically Adjusted PB Ratio Related Terms


Dolby Laboratories Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dolby Laboratories's Cyclically Adjusted PB Ratio 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.

Dolby Laboratories Cyclically Adjusted PB Ratio Chart

Dolby Laboratories Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.03 2.71 3.09 2.87 2.60

Dolby Laboratories Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.70 2.60 2.31 2.12 0.00

MEX:DLB vs AZZ, UNF, AMTM: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, Dolby Laboratories's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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 Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Dolby Laboratories's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dolby Laboratories's Cyclically Adjusted PB Ratio falls into.


MEX:DLB
73GF Score
Dolby Laboratories Inc MEX:DLB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dolby Laboratories Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Dolby Laboratories's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Dolby Laboratories's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=476.949/333.9520*333.9520
=476.949

Current CPI (Jun. 2026) = 333.9520.

Dolby Laboratories Quarterly Data

Book Value per Share CPI Adj_Book
201609 375.618 241.428 519.568
201612 403.577 241.432 558.233
201703 376.788 243.801 516.114
201706 375.063 244.955 511.331
201709 379.596 246.819 513.602
201712 389.787 246.524 528.022
201803 374.778 249.554 501.526
201806 413.806 251.989 548.402
201809 428.297 252.439 566.595
201812 448.881 251.233 596.676
201903 448.044 254.202 588.607
201906 441.639 256.143 575.796
201909 454.876 256.759 591.632
201912 436.224 256.974 566.897
202003 550.761 258.115 712.581
202006 558.080 257.797 722.941
202009 535.809 260.280 687.469
202012 502.266 260.474 643.952
202103 522.138 264.877 658.302
202106 514.964 271.696 632.962
202109 528.525 274.310 643.440
202112 531.991 278.802 637.224
202203 513.145 287.504 596.047
202206 500.449 296.311 564.022
202209 471.210 296.808 530.180
202212 464.144 296.797 522.249
202303 442.504 301.836 489.587
202306 423.503 305.109 463.538
202309 428.401 307.789 464.816
202312 415.426 306.746 452.271
202403 419.289 312.332 448.313
202406 466.287 314.175 495.639
202409 511.317 315.301 541.563
202412 542.790 315.605 574.344
202503 548.122 319.799 572.380
202506 512.043 322.561 530.125
202509 503.951 324.800 518.151
202512 488.846 324.054 503.777
202603 499.090 330.213 504.741
202606 476.949 333.952 476.949

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Dolby Laboratories (MEX:DLB) Overvalued in 2026?

Based on GuruFocus' analysis, Dolby Laboratories stock appears to be undervalued. The current stock price of MXN933.45 is trading 39.7% below its estimated GF Value™ of MXN1,548.00.

Key valuation signals for MEX:DLB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN1,548.00 vs. price of MXN933.45 (39.7% below fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the MEX:DLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dolby Laboratories Business Description

Address 1275 Market Street, San Francisco, CA, USA, 94103-1410
Dolby Laboratories Inc. develops technologies that enhance audio and video capture, transmission, and playback, enabling high-quality experiences across movies, TV, music, sports, and more. The company designs and manufactures audio, imaging, accessibility, and related hardware and software mainly for cinema, including digital cinema servers and media encryption and packaging tools. It generates the majority of its revenue by licensing its technology, brand, and patents to device manufacturers and by selling cinema hardware and services. It operates as a single reportable segment, with revenue derived mainly from licensing and, to a lesser extent, from premium cinema technologies, across the United States and international markets.
73GF Score

Get the complete analysis for MEX:DLB

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN933.45
Price
MXN1,548.00
GF Value