Dolby Laboratories, Inc. is a public company traded on the NYSE with the symbol DLB. As of 3 Feb 2023, their market capitalization is USD 8.25 bln, up from USD 7.90 bln and USD 7.68 bln on 2 Feb 2023 and 1 Feb 2023 respectively. The price of a single share as of 3 Feb 2023 is USD 84.72 with a change of 0.9 (1.07%) since the previous close at USD 83.82 and an average price over 50 days of USD 75.85; while the average price over 200 days stands at USD 73.40, indicating a slow but steady growth in stock price over the past 6 months or so despite some volatility in between.
Dolby Laboratories has 958 mln outstanding shares and its current earnings per share (EPS) stands at USD1.86 whereas Price to Earnings ratio (P/E) is at 45.55 times based on most recent quarterly results which were announced on 3 May 2023 giving investors an indication that this stock may be undervalued as compared to its peers who have similar P/E ratios hovering in the range of around 25-35 times earnings multiples making it an attractive investment opportunity for potential investors looking to gain exposure to stocks operating in this industry space.
