• Dolby Laboratories average price to free cash flow ratio for 2023 was 25.57, a 10.41% increase from 2022.
• Dolby Laboratories average price to free cash flow ratio for 2022 was 23.16, a 6.69% increase from 2021.
• Dolby Laboratories average price to free cash flow ratio for 2021 was 24.82, a 4.24% decline from 2020.

Price to free cash flow ratio can be defined as