• Dolby Laboratories average price/book ratio for 2023 was 3.33, a 18.09% decline from 2022.
• Dolby Laboratories average price/book ratio for 2022 was 2.82, a 20.11% increase from 2021.
• Dolby Laboratories average price/book ratio for 2021 was 3.53, a 28.36% decline from 2020.

Price/book ratio can be defined as