DLB
Dolby Laboratories Inc. Technology - Audio Investor Relations →
Dolby Laboratories Inc. (DLB) closed at $64.85 as of 2026-02-02, trading 13.2% below its 200-week moving average of $74.68. This places DLB in the extreme value zone. The stock moved further from the line this week, up from -14.1% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Over the past 1046 weeks of data, DLB has crossed below its 200-week moving average 18 times. On average, these episodes lasted 17 weeks. Historically, investors who bought DLB at the start of these episodes saw an average one-year return of +36.5%.
With a market cap of $6.2 billion, DLB is a mid-cap stock. The company generates a free cash flow yield of 5.9%, which is healthy. Return on equity stands at 9.5%. The stock trades at 2.4x book value.
Over the past 20.2 years, a hypothetical investment of $100 in DLB would have grown to $425, compared to $785 for the S&P 500. DLB has returned 7.4% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 18.4% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: DLB vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After DLB Crosses Below the Line?
Across 18 historical episodes, buying DLB when it crossed below its 200-week moving average produced an average return of +38.2% after 12 months (median +20.0%), compared to +18.8% for the S&P 500 over the same periods. 76% of those episodes were profitable after one year. After 24 months, the average return was +49.6% vs +37.1% for the index.
Each line shows $100 invested at the moment DLB crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
DLB has crossed below its 200-week MA 18 times with an average 1-year return of +36.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 2006 | Jan 2006 | 1 | 1.0% | +71.7% | +343.7% |
| Jul 2006 | Aug 2006 | 3 | 6.5% | +68.3% | +333.2% |
| Sep 2006 | Nov 2006 | 9 | 5.2% | +76.2% | +327.3% |
| Nov 2008 | Dec 2008 | 5 | 13.0% | +55.8% | +212.2% |
| Jan 2009 | Feb 2009 | 2 | 14.6% | +73.3% | +206.8% |
| Feb 2009 | Mar 2009 | 3 | 6.9% | +78.5% | +181.3% |
| May 2011 | Dec 2013 | 135 | 40.2% | -9.2% | +85.0% |
| Jul 2015 | Feb 2016 | 28 | 15.0% | +43.2% | +111.6% |
| Mar 2020 | May 2020 | 9 | 15.1% | +103.1% | +42.1% |
| Feb 2022 | Mar 2022 | 2 | 3.7% | +16.8% | -5.2% |
| May 2022 | May 2022 | 1 | 3.3% | +20.0% | -4.0% |
| Jun 2022 | Jul 2022 | 5 | 4.5% | +19.9% | -3.6% |
| Aug 2022 | Jan 2023 | 20 | 13.7% | +15.8% | -6.8% |
| Aug 2023 | Aug 2023 | 1 | 1.4% | -10.6% | -11.9% |
| Feb 2024 | Feb 2024 | 1 | 2.5% | +9.0% | -14.1% |
| Apr 2024 | Apr 2024 | 3 | 3.4% | -7.0% | -16.7% |
| May 2024 | Jan 2025 | 36 | 17.4% | -4.8% | -16.5% |
| Mar 2025 | Ongoing | 45+ | 17.0% | Ongoing | -9.3% |
| Average | 17 | — | +36.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02