Dolby Laboratories, Inc. (DLB) P/E Ratio History
Historical price-to-earnings valuation from 2005 to 2026
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DLB Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Dolby Laboratories, Inc. (DLB) trades at a price-to-earnings ratio of 21.9x, with a stock price of $57.45 and trailing twelve-month earnings per share of $2.49.
The current P/E is 36% below its 5-year average of 34.5x. Over the past five years, DLB's P/E has ranged from a low of 26.5x to a high of 44.7x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 27.7x, DLB trades at a 21% discount to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 184.2x.
The PEG ratio of 7.09 (P/E divided by -3% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, DLB trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our DLB DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
DLB P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 37.9 | - | +13% | |
| $4B | 139.2 | - | +118%Best | |
| $214B | 40.4 | 19.44 | -44% | |
| $7B | 23.6 | 0.45Best | -2% | |
| $3B | 22.1 | 0.64 | +9% | |
| $15B | 21.5Lowest | - | +16% | |
| $4.2T | 38.5 | 2.16 | +23% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
DLB Historical P/E Data (2005–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Fri Dec 26 2025 00:00:00 GM | $65.71 | $2.48 | 26.5x | -8% |
| FY2025 Q4 | Fri Sep 26 2025 00:00:00 GM | $72.39 | $2.63 | 27.5x | -5% |
| FY2025 Q3 | Fri Jun 27 2025 00:00:00 GM | $74.05 | $2.73 | 27.1x | -6% |
| FY2025 Q2 | Fri Mar 28 2025 00:00:00 GM | $79.91 | $2.65 | 30.2x | +4% |
| FY2025 Q1 | Fri Dec 27 2024 00:00:00 GM | $78.48 | $2.72 | 28.9x | -0% |
| FY2024 Q4 | Fri Sep 27 2024 00:00:00 GM | $75.61 | $2.71 | 27.9x | -3% |
| FY2024 Q3 | Fri Jun 28 2024 00:00:00 GM | $79.23 | $2.19 | 36.2x | +25% |
| FY2024 Q2 | Fri Mar 29 2024 00:00:00 GM | $83.77 | $1.96 | 42.7x | +48% |
| FY2024 Q1 | Fri Dec 29 2023 00:00:00 GM | $86.18 | $1.93 | 44.7x | +55% |
| FY2023 Q4 | Fri Sep 29 2023 00:00:00 GM | $79.26 | $2.06 | 38.5x | +33% |
| FY2023 Q3 | Fri Jun 30 2023 00:00:00 GM | $83.68 | $2.25 | 37.2x | +29% |
| FY2023 Q2 | Fri Mar 31 2023 00:00:00 GM | $85.42 | $2.47 | 34.6x | +20% |
Average P/E for displayed period: 28.9x
See DLB's True Return
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Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonDLB — Frequently Asked Questions
Quick answers to the most common questions about buying DLB stock.
Is DLB stock overvalued or undervalued?
DLB trades at 21.9x P/E, below its 5-year average of 34.5x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does DLB's valuation compare to peers?
Dolby Laboratories, Inc. P/E of 21.9x compares to sector median of 27.7x. The discount suggests lower growth expectations or higher risk.
What is DLB's PEG ratio?
DLB PEG ratio is 7.09. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2005-2026.