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Dolby Laboratories, Inc. (DLB)
Patent Owners & Lessors
Latest Price
$61.99
TTM P/E
26.49
Normalized P/E
26.74
TTM Div Yield
2.27%
Fwd Div Yield
2.32%
Book Value
27.20
P/B Ratio
2.28
Valuation metrics
adjust assumptions →EPS: $2.62
Book value / share: $26.90
Formula: √(22.5 × EPS × BVPS)
Graham Number
$39.82
37% downside
Norm. op. income: $257M (median of 7yr)
Tax rate: 15%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$29.74
53% downside
Base FCF: $337M (median of recent 5yr)
Growth: 22%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$216.78
+246% upside
EPS: $2.62
Target P/E: 27×
Formula: EPS × P/E
P/E Fair Value
$70.74
+13% upside
Institutional Ownership
61.3% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6.68M | $351.0M | 7.03% | +138.5K | 2026-06-30 |
| Vanguard Portfolio Management LLC | 4.95M | $260.0M | 5.21% | -20.1K | 2026-06-30 |
| Bank of New York Mellon Corp | 4.82M | $253.0M | 5.07% | +317.4K | 2026-06-30 |
| Morgan Stanley | 4.60M | $241.0M | 4.85% | -540.4K | 2026-06-30 |
| Vanguard Capital Management LLC | 2.72M | $143.0M | 2.87% | -4.5K | 2026-06-30 |
| First Trust Advisors LP | 2.71M | $142.0M | 2.85% | +450.6K | 2026-06-30 |
| State Street Corp | 2.32M | $121.0M | 2.44% | +26.8K | 2026-06-30 |
| Geode Capital Management, LLC | 1.84M | $96.0M | 1.94% | +77.1K | 2026-06-30 |
| FMR LLC | 1.59M | $83.0M | 1.67% | +573.1K | 2026-06-30 |
| Dimensional Fund Advisors LP | 1.56M | $81.0M | 1.64% | +236.8K | 2026-06-30 |