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Dolby LaboratoriesDLB +1.68%77 EV-to-OCF is 12.57 as of Aug. 22, 2026, which is 29% below its 10-year median of 17.69. GuruFocus rates DLB with a GF Score™ of 77/100 and a GF Value™ of $82.28 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,089 Business Services companies, Dolby Laboratories ranks worse than 68.69% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Dolby Laboratories's Enterprise Value is $5,500 Mil.
Dolby Laboratories's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $438 Mil. Therefore, Dolby Laboratories's EV-to-OCF for today is 12.57.
The historical rank and industry rank for Dolby Laboratories's EV-to-OCF or its related term are showing as below:
DLB'
s EV-to-OCF Range Over the Past 10 Years
Min: 9.2 Med: 17.69 Max: 25.55
Current: 12.57
During the past 13 years, the highest EV-to-OCF of Dolby Laboratories was 25.55. The lowest was 9.20. And the median was 17.69.
DLB's EV-to-OCF is ranked worse than 68.69% of 1089
companies
in the Business Services industry
Industry Median: 7.02
vs DLB: 12.57
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Dolby Laboratories's PE Ratio (TTM) for today is calculated as:
Dolby Laboratories's share price for today is $65.27.
Dolby Laboratories's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.350.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Dolby Laboratories EV-to-OCF Related Terms
Dolby Laboratories EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Dolby Laboratories's EV-to-OCF 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.
For the Specialty Business Services subindustry, Dolby Laboratories's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Business Services Industry
For the Business Services industry and Industrials sector, Dolby Laboratories's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Dolby Laboratories's EV-to-OCF falls into.
Dolby Laboratories's current Enterprise Value is $5,500 Mil.
Dolby Laboratories's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $438 Mil.
* 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 (DLB) has a EV-to-OCF of 12.57 as of Aug. 22, 2026. This is 29% below median its historical median of 17.69. Over the past decade, Dolby Laboratories' EV-to-OCF has ranged from 9.20 to 25.55. According to the industry distribution chart, Dolby Laboratories ranks #748 out of 1089 companies in the Business Services industry, placing it in the top 68.7%.
Is Dolby Laboratories' EV-to-OCF too high?
Dolby Laboratories' current EV-to-OCF of 12.57 is 29% below median its 10-year median of 17.69. Over the past 10 years, this metric has ranged from a low of 9.20 to a high of 25.55. The Business Services industry median EV-to-OCF is 7.02. Dolby Laboratories' value of 12.57 is 79.1% above this industry median. Based on the distribution chart, Dolby Laboratories ranks #748 out of 1089 companies in the Business Services industry, which is below the industry midpoint. Overall, Dolby Laboratories has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dolby Laboratories' EV-to-OCF compare to AZZ and UNF?
According to the Business Services industry distribution chart, Dolby Laboratories ranks #748 out of 1089 companies for EV-to-OCF. This places Dolby Laboratories in the lower half of its industry. The industry median EV-to-OCF is 7.02. Dolby Laboratories' value of 12.57 is 79.1% above this benchmark. Historically, Dolby Laboratories' own EV-to-OCF has ranged from 9.20 to 25.55 over the past decade. While the company's 10-year median is 17.69 vs. the industry median of 7.02, Dolby Laboratories has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Business Services company?
The median EV-to-OCF among Business Services companies is 7.02, based on 1,089 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dolby Laboratories's current EV-to-OCF of 12.57 is 79.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Business Services industry, the median EV-to-OCF is 7.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dolby Laboratories's current EV-to-OCF is 12.57, which is 29% below median its own 10-year median of 17.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dolby Laboratories stock overvalued right now?
Based on GuruFocus' analysis, Dolby Laboratories (DLB) is currently considered Modestly Undervalued. The stock's GF Value™ is $82.28, compared to a current price of $65.27 — trading 20.7% below its estimated fair value. The current EV-to-OCF is 12.57, which is 29% below median its 10-year median of 17.69 and 79.1% above the Business Services industry median of 7.02. Dolby Laboratories' overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Dolby Laboratories (DLB), the current EV-to-OCF is 12.57 as of Aug. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dolby Laboratories (DLB) Overvalued in 2026?
Based on GuruFocus' analysis, Dolby Laboratories stock appears to be undervalued.
The current stock price of $65.27 is trading 20.7% below its estimated GF Value™ of $82.28.
GuruFocus considers Dolby Laboratories to be Modestly Undervalued.
Key valuation signals for DLB:
EV-to-OCF: 12.57 (29% below median its 10-year median of 17.69)
GF Value™: $82.28 vs. price of $65.27 (20.7% below fair value)
Industry Position: 79.1% above the Business Services median (#748 of 1089)
No single metric tells the full story. See the DLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
77GF Score
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