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DLB (Dolby Laboratories) E10 : $2.48 (As of Mar. 2025)


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What is Dolby Laboratories E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Dolby Laboratories's adjusted earnings per share data for the three months ended in Mar. 2025 was $0.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.48 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Dolby Laboratories's average E10 Growth Rate was 3.30% per year. During the past 3 years, the average E10 Growth Rate was 2.50% per year. During the past 5 years, the average E10 Growth Rate was 2.20% per year. During the past 10 years, the average E10 Growth Rate was 1.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Dolby Laboratories was 8.40% per year. The lowest was -1.50% per year. And the median was 2.20% per year.

As of today (2025-07-12), Dolby Laboratories's current stock price is $75.17. Dolby Laboratories's E10 for the quarter that ended in Mar. 2025 was $2.48. Dolby Laboratories's Shiller PE Ratio of today is 30.31.

During the past 13 years, the highest Shiller PE Ratio of Dolby Laboratories was 45.99. The lowest was 15.06. And the median was 30.54.


Dolby Laboratories E10 Historical Data

The historical data trend for Dolby Laboratories's E10 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 E10 Chart

Dolby Laboratories Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.15 2.24 2.29 2.34 2.41

Dolby Laboratories Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
E10 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 2.40 2.40 2.41 2.43 2.48

Competitive Comparison of Dolby Laboratories's E10

For the Specialty Business Services subindustry, Dolby Laboratories's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Business Services Industry

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

* The bar in red indicates where Dolby Laboratories's Shiller PE Ratio falls into.


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Dolby Laboratories E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Dolby Laboratories's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.94/134.9266*134.9266
=0.940

Current CPI (Mar. 2025) = 134.9266.

Dolby Laboratories Quarterly Data

per share eps CPI Adj_EPS
201506 0.340 100.684 0.456
201509 0.430 100.392 0.578
201512 0.300 99.792 0.406
201603 0.660 100.470 0.886
201606 0.620 101.688 0.823
201609 0.230 101.861 0.305
201612 0.510 101.863 0.676
201703 0.490 102.862 0.643
201706 0.730 103.349 0.953
201709 0.210 104.136 0.272
201712 -0.520 104.011 -0.675
201803 0.610 105.290 0.782
201806 0.030 106.317 0.038
201809 0.470 106.507 0.595
201812 0.930 105.998 1.184
201903 0.700 107.251 0.881
201906 0.380 108.070 0.474
201909 0.430 108.329 0.536
201912 0.470 108.420 0.585
202003 0.860 108.902 1.066
202006 0.660 108.767 0.819
202009 0.260 109.815 0.319
202012 1.300 109.897 1.596
202103 0.730 111.754 0.881
202106 0.520 114.631 0.612
202109 0.420 115.734 0.490
202112 0.770 117.630 0.883
202203 0.360 121.301 0.400
202206 0.390 125.017 0.421
202209 0.280 125.227 0.302
202212 0.820 125.222 0.884
202303 0.980 127.348 1.038
202306 0.170 128.729 0.178
202309 0.090 129.860 0.094
202312 0.690 129.419 0.719
202403 1.010 131.776 1.034
202406 0.400 132.554 0.407
202409 0.610 133.029 0.619
202412 0.700 133.157 0.709
202503 0.940 134.927 0.940

Add all the adjusted EPS together and divide 10 will get our e10.


Dolby Laboratories  (NYSE:DLB) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Dolby Laboratories's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=75.17/2.48
=30.31

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Dolby Laboratories was 45.99. The lowest was 15.06. And the median was 30.54.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Dolby Laboratories E10 Related Terms

Thank you for viewing the detailed overview of Dolby Laboratories's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Dolby Laboratories Business Description

Traded in Other Exchanges
Address
1275 Market Street, San Francisco, CA, USA, 94103-1410
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 designs and manufactures audio, imaging, accessibility, and other hardware and software solutions for the cinema, with occasional applications in the television, broadcast, and live entertainment industries. The company operates in the United States and internationally.
Executives
John D Couling officer: SVP, Entertainment C/O DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Todd Pendleton officer: SVP, Chief Marketing Officer 1275 MARKET STREET, SAN FRANCISCO CA 94103
Ryan Nicholson officer: VP, Corporate Controller C/O DOLBY LABORATORIES INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Mark Andrew Sherman officer: EVP, GEN. COUN. & SECRTY DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Emily Rollins director C/O DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Kevin J Yeaman officer: VP, Chief Financial Officer C/O DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Peter C Gotcher director
Anjali Sud director C/O VIMEO INC., 555 WEST 18TH STREET, NEW YORK NY 10011
Simon Segars director C/O DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Avadis Tevanian director DOLBY LABORATORIES INC, 1275 MARKET STREET, SAN FRANCISCO CA 94103
Shriram Revankar officer: SVP, Advanced Technology Group C/O DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Tony A Prophet director 9 BERNICE STREET, SAN FRANCISCO CA 94103
Robert J Park officer: SVP & Chief Financial Officer C/O DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Steven E Forshay officer: Sr. Vice President, Research 1275 MARKET STREET, SAN FRANCISCO CA 94103
Lewis Chew officer: EVP, Chief Financial Officer DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103