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In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Dolby Laboratories's Net-Net Working Capital for the quarter that ended in Jun. 2026 was MXN60.23.
The industry rank for Dolby Laboratories's Net-Net Working Capital or its related term are showing as below:
MEX:DLB's Price-to-Net-Net-Working-Capital is ranked worse than 81.66% of 447
companies
in the Business Services industry
Industry Median: 5.5
vs MEX:DLB: 17.98
Dolby Laboratories (MEX:DLB) Net-Net Working Capital Explanation
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 Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Dolby Laboratories Net-Net Working Capital Related Terms
Dolby Laboratories Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Dolby Laboratories's Net-Net Working Capital 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.
MEX:DLB vs AZZ, UNF, AMTM: Net-Net Working Capital Comparison
For the Specialty Business Services subindustry, Dolby Laboratories's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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 Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Dolby Laboratories's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Dolby Laboratories's Price-to-Net-Net-Working-Capital falls into.
* 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
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.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of MXN60.23 mean?
Dolby Laboratories (MEX:DLB) has a Net-Net Working Capital of MXN60.23 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Dolby Laboratories According to the industry distribution chart, Dolby Laboratories ranks #365 out of 447 companies in the Business Services industry, placing it in the top 81.7%.
Is Dolby Laboratories' Net-Net Working Capital too high?
Dolby Laboratories' current Net-Net Working Capital is MXN60.23. Based on the distribution chart, Dolby Laboratories ranks #365 out of 447 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Dolby Laboratories has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Dolby Laboratories' Net-Net Working Capital compare to AZZ and UNF?
According to the Business Services industry distribution chart, Dolby Laboratories ranks #365 out of 447 companies for Net-Net Working Capital. This places Dolby Laboratories in the lower half of its industry. The industry median Net-Net Working Capital is 5.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.50, based on 447 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Dolby Laboratories For the Business Services industry, the median Net-Net Working Capital is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dolby Laboratories's current Net-Net Working Capital is MXN60.23. 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?
Dolby Laboratories (MEX:DLB) has a current Net-Net Working Capital of MXN60.23. The stock's GF Value™ is MXN1,548.00, compared to a current price of MXN933.45 — trading 39.7% below its estimated fair value. The current Net-Net Working Capital is MXN60.23. Dolby Laboratories' overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Dolby Laboratories (MEX:DLB), the current Net-Net Working Capital is MXN60.23 as of Jun. 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 (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:
Net-Net Working Capital: MXN60.23
GF Value™: MXN1,548.00 vs. price of MXN933.45 (39.7% below fair value)
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 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
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