Genmab AS (GMAB)

Healthcare · Biotechnology
$37.80 -1.77% on the day Market cap $22.4B 52-week range $23.62 to $40.17 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Genmab AS's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

A

Five factors scored 1 to 9 from GMAB's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation5
Profitability9
Growth9
Financial health8
Cash efficiency9

Key numbers

P/E (trailing)27.7x
P/E (forward)22.2x
Price / free cash flow19.5x
EV / EBITDA15.6x
Price / sales5.75x
Price / book4.09x
Revenue growth+30.7%
Operating margin31.1%
Net margin36.4%
Return on equity25.3%
Dividend yield—
Debt / equity0.25x

Results from SEC filings

Fiscal years, from Genmab AS's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20202021202220232024
Revenue$10.1B$8.4B$14.5B$16.5B$21.5B
Net income$4.8B$3.0B$5.5B$4.4B$7.8B
Free cash flow$6.1B$2.0B$3.6B$7.0B$7.5B
EPS (diluted)$72.21$44.77$82.59$66.02$121.36
Operating margin62.4%35.1%43.2%32.3%31.1%

Where the revenue comes from

Revenue by regions, fiscal 2025.

Denmark$3.3B89%
Japan$213M6%
United States$180M5%
Netherlands$1M0%

Superinvestors who own GMAB

From each investor's latest 13F filing (what a 13F shows). 1 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Added $3M0.00%Q2 2026

Insider buying

Open-market purchases by Genmab AS's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of GMAB in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Genmab AS insiders buying the stock?

No open-market insider purchases of GMAB in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Genmab AS?

1 of the superinvestors Investingly tracks hold GMAB in their latest 13F, including Cliff Asness.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.