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

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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 PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


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

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Dolby Laboratories Cyclically Adjusted PS Ratio Related Terms


Dolby Laboratories Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dolby Laboratories's Cyclically Adjusted PS 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 PS Ratio Chart

Dolby Laboratories Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.72 5.22 6.04 5.66 5.15

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 PS 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 5.32 5.15 4.57 4.18 0.00

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

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

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

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


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

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

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=56.305/333.9520*333.9520
=56.305

Current CPI (Jun. 2026) = 333.9520.

Dolby Laboratories Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 43.419 241.428 60.059
201612 52.848 241.432 73.100
201703 48.480 243.801 66.407
201706 53.014 244.955 72.275
201709 42.855 246.819 57.984
201712 57.362 246.524 77.705
201803 50.890 249.554 68.101
201806 39.461 251.989 52.296
201809 42.022 252.439 55.591
201812 55.942 251.233 74.361
201903 62.738 254.202 82.421
201906 55.961 256.143 72.960
201909 57.158 256.759 74.342
201912 53.404 256.974 69.401
202003 80.268 258.115 103.852
202006 55.833 257.797 72.326
202009 58.141 260.280 74.598
202012 74.660 260.474 95.721
202103 62.460 264.877 78.748
202106 54.562 271.696 67.064
202109 55.994 274.310 68.169
202112 69.493 278.802 83.239
202203 64.822 287.504 75.294
202206 57.412 296.311 64.705
202209 56.553 296.808 63.630
202212 67.283 296.797 75.706
202303 69.636 301.836 77.045
202306 52.486 305.109 57.448
202309 51.557 307.789 55.940
202312 54.974 306.746 59.850
202403 62.461 312.332 66.785
202406 54.571 314.175 58.006
202409 61.833 315.301 65.491
202412 76.641 315.605 81.096
202503 77.567 319.799 81.000
202506 61.316 322.561 63.481
202509 57.881 324.800 59.512
202512 64.679 324.054 66.655
202603 74.693 330.213 75.539
202606 56.305 333.952 56.305

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS 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 PS 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