GNMSF (Genmab AS) Cyclically Adjusted PS Ratio: 9.36 (As of Jul. 20, 2026) — 80% Below Median

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GNMSF Genmab AS GNMSF
92 GF Score
Price $274.50
GF Value $355.18
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Genmab AS Cyclically Adjusted PS Ratio?

Genmab AS GNMSF -2.66% 92 Cyclically Adjusted PS Ratio is 9.36 as of Jul. 20, 2026, which is 80% below its 10-year median of 45.79. GuruFocus rates GNMSF with a GF Score™ of 92/100 and a GF Value™ of $355.18 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 538 Biotechnology companies, Genmab AS ranks worse than 64.5% on this metric.

As of today (2026-07-20), Genmab AS's current share price is $274.50. Genmab AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $29.33. Genmab AS's Cyclically Adjusted PS Ratio for today is 9.36.

The historical rank and industry rank for Genmab AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

GNMSF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.11   Med: 45.79   Max: 96.41
Current: 9.86

During the past years, Genmab AS's highest Cyclically Adjusted PS Ratio was 96.41. The lowest was 8.11. And the median was 45.79.

GNMSF's Cyclically Adjusted PS Ratio is ranked worse than
64.5% of 538 companies
in the Biotechnology industry
Industry Median: 5.69 vs GNMSF: 9.86

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Genmab AS's adjusted revenue per share data for the three months ended in Mar. 2026 was $14.032. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $29.33 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Genmab AS  (OTCPK:GNMSF) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Genmab AS Cyclically Adjusted PS Ratio Related Terms


Genmab AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Genmab AS's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Genmab AS Cyclically Adjusted PS Ratio Chart

Genmab AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.06 35.47 20.08 10.58 11.25

Genmab AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.92 8.21 11.26 11.25 9.03

GNMSF vs VRTX, REGN, ALNY: Cyclically Adjusted PS Ratio Comparison

For the Biotechnology subindustry, Genmab AS's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Genmab AS Cyclically Adjusted PS Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Genmab AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Genmab AS's Cyclically Adjusted PS Ratio falls into.


GNMSF
92GF Score
Genmab AS GNMSF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Genmab AS Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Genmab AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=274.50/29.33
=9.36

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Genmab AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Genmab AS's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=14.032/121.6800*121.6800
=14.032

Current CPI (Mar. 2026) = 121.6800.

Genmab AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.855 100.600 1.034
201609 0.889 100.200 1.080
201612 1.991 100.300 2.415
201703 0.582 101.200 0.700
201706 1.916 101.200 2.304
201709 0.811 101.800 0.969
201712 2.697 101.300 3.240
201803 1.814 101.700 2.170
201806 1.278 102.300 1.520
201809 1.502 102.400 1.785
201812 2.979 102.100 3.550
201903 1.443 102.900 1.706
201906 1.873 102.900 2.215
201909 2.350 102.900 2.779
201912 6.871 102.900 8.125
202003 2.003 103.300 2.359
202006 12.500 103.200 14.738
202009 4.124 103.500 4.848
202012 6.042 103.400 7.110
202103 3.777 104.300 4.406
202106 4.785 105.000 5.545
202109 5.454 105.800 6.273
202112 5.544 106.600 6.328
202203 4.821 109.900 5.338
202206 6.728 113.600 7.207
202209 8.195 116.400 8.567
202212 12.857 115.900 13.498
202303 6.302 117.300 6.537
202306 9.242 116.400 9.661
202309 10.131 117.400 10.500
202312 11.074 116.700 11.547
202403 9.233 118.400 9.489
202406 12.011 118.500 12.333
202409 12.810 118.900 13.110
202412 14.257 118.900 14.590
202503 11.183 120.200 11.321
202506 14.921 120.700 15.042
202509 16.464 121.600 16.475
202512 16.763 121.200 16.829
202603 14.032 121.680 14.032

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 9.36 mean?
Genmab AS (GNMSF) has a Cyclically Adjusted PS Ratio of 9.36 as of Jul. 20, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Genmab AS and its competitors. This is 80% below median its historical median of 45.79. Over the past decade, Genmab AS's Cyclically Adjusted PS Ratio has ranged from 8.11 to 96.41. According to the industry distribution chart, Genmab AS ranks #347 out of 538 companies in the Biotechnology industry, placing it in the top 64.5%.
Is Genmab AS's Cyclically Adjusted PS Ratio too high?
Genmab AS's current Cyclically Adjusted PS Ratio of 9.36 is 80% below median its 10-year median of 45.79. Over the past 10 years, this metric has ranged from a low of 8.11 to a high of 96.41. The Biotechnology industry median Cyclically Adjusted PS Ratio is 5.69. Genmab AS's value of 9.36 is 64.5% above this industry median. Based on the distribution chart, Genmab AS ranks #347 out of 538 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Genmab AS has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Genmab AS's Cyclically Adjusted PS Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Genmab AS ranks #347 out of 538 companies for Cyclically Adjusted PS Ratio. This places Genmab AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.69. Genmab AS's value of 9.36 is 64.5% above this benchmark. Historically, Genmab AS's own Cyclically Adjusted PS Ratio has ranged from 8.11 to 96.41 over the past decade. While the company's 10-year median is 45.79 vs. the industry median of 5.69, Genmab AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Biotechnology company?
The median Cyclically Adjusted PS Ratio among Biotechnology companies is 5.69, based on 538 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Genmab AS's current Cyclically Adjusted PS Ratio of 9.36 is 64.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Genmab AS and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PS Ratio is 5.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Genmab AS's current Cyclically Adjusted PS Ratio is 9.36, which is 80% below median its own 10-year median of 45.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Genmab AS stock overvalued right now?
Based on GuruFocus' analysis, Genmab AS (GNMSF) is currently considered Modestly Undervalued. The stock's GF Value™ is $355.18, compared to a current price of $274.50 — trading 22.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.36, which is 80% below median its 10-year median of 45.79 and 64.5% above the Biotechnology industry median of 5.69. Genmab AS's overall GF Score™ is 92/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Genmab AS (GNMSF), the current Cyclically Adjusted PS Ratio is 9.36 as of Jul. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Genmab AS (GNMSF) Overvalued in 2026?

Based on GuruFocus' analysis, Genmab AS stock appears to be undervalued. The current stock price of $274.50 is trading 22.7% below its estimated GF Value™ of $355.18. GuruFocus considers Genmab AS to be Modestly Undervalued.

Key valuation signals for GNMSF:

  • Cyclically Adjusted PS Ratio: 9.36 (80% below median its 10-year median of 45.79)
  • GF Value™: $355.18 vs. price of $274.50 (22.7% below fair value)
  • GF Score™: 92/100 with 6 warning signs
  • Industry Position: 64.5% above the Biotechnology median (#347 of 538)

No single metric tells the full story. See the GNMSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Genmab AS Business Description

Address Carl Jacobsens Vej 30, Valby, DNK, 2500
Genmab is a Copenhagen-based biotechnology company specializing in antibody therapeutics for the treatment of cancer. Genmab's proprietary antibody technologies are DuoBody, HexaBody, DuoHexaBody, and HexElect. Johnson & Johnson partnered with Genmab to create Darzalex, which is regarded as the standard of care for multiple myeloma and is Genmab's leading product. Genmab also has Tepezza for thyroid eye disease (partnered with Horizon), Kesimpta for relapsing multiple sclerosis (partnered with Novartis), Rybrevant (partnered with Johnson & Johnson) for non-small cell lung cancer (NSCLC), Tivdak (partnered with Seagen) for cervical cancer, and Epkinly (partnered with AbbVie) for diffuse large B-cell lymphoma. Genmab has several pipeline candidates targeting other oncologic indications.
92GF Score

Get the complete analysis for GNMSF

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$274.50
Price
$355.18
GF Value