Dolby Laboratories price to free cash flow DLB

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026: 15.0×
10-year median: 23.8×
Against its 10-year history: 5th; percentile: 0 is its lowest day, 100 its highest
10-year range: 13.6× to 36.5×
Peer median: 12.4×

Dolby Laboratories' price to free cash flow is 15.0× as of Oct 23, 2026.

That is below its ten-year median of 23.8×, lower than on 95% of days in the last ten years.

Over that time it ranged from 13.6× in Jan 2026 to 36.5× in Feb 2020.

The median for 10 asset managers of a similar size is 12.4×.

Price to free cash flow over time

median 23.8×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	15.0×	13.6×	18.2×
2025	14.4×	14.2×	26.1×
2024	25.2×	20.0×	27.6×
2023	24.4×	22.2×	28.3×
2022	25.0×	19.1×	27.0×
2021	24.5×	22.1×	34.7×
2020	35.1×	22.6×	36.5×
2019	29.6×	20.2×	33.1×
2018	22.5×	22.0×	31.3×
2017	23.4×	19.0×	23.8×
2016	17.9×	17.4×	31.5×
2015	22.4×	14.0×	23.9×
2014	16.0×	13.4×	17.9×
2013	15.8×	14.0×	24.2×
2012	13.3×	8.4×	15.6×
2011	9.3×	9.2×	19.8×

Against its peers

Companies in Asset Management nearest Dolby Laboratories' size, closest first, today.

Company	Price to free cash flow
DLBDolby Laboratories	15.0×
VCTRVictory Capital	11.7×
HASIHA Sustainable Infrastructure Capital	n/m
HLNEHamilton Lane INC	12.4×
MCMoelis	9.8×
FHIFederated Hermes	11.6×
LAZLazard	6.2×
MORNMorningstar	17.0×
IDCCInterDigital	15.2×
HLIHoulihan Lokey	18.9×
CNSCohen & Steers	53.4×
Peer median	12.4×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Dolby Laboratories

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.