Genmab AS (MEX:GMABN) E10: MXN172.03 (As of Mar. 2026)


MEX:GMABN Genmab AS MEX:GMABN
92 GF Score
Price MXN4,027.79
GF Value MXN5,328.99
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Genmab AS E10?

Genmab AS MEX:GMABN 92 E10 is MXN172.03 as of Mar. 2026. GuruFocus rates MEX:GMABN with a GF Score™ of 92/100 and a GF Value™ of MXN5,328.99 (Modestly Undervalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Genmab AS's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN14.967. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN172.03 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Genmab AS's average E10 Growth Rate was 13.90% per year. During the past 3 years, the average E10 Growth Rate was 22.00% per year. During the past 5 years, the average E10 Growth Rate was 30.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Genmab AS was 558.30% per year. The lowest was 22.00% per year. And the median was 47.45% per year.

As of today (2026-06-26), Genmab AS's current stock price is MXN4027.79. Genmab AS's E10 for the quarter that ended in Mar. 2026 was MXN172.03. Genmab AS's Shiller PE Ratio of today is 23.41.

During the past 13 years, the highest Shiller PE Ratio of Genmab AS was 21633.33. The lowest was 21.54. And the median was 96.06.


Genmab AS  (MEX:GMABN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Genmab AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4027.79/172.03
=23.41

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Genmab AS was 21633.33. The lowest was 21.54. And the median was 96.06.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Genmab AS E10 Related Terms


Genmab AS E10 Historical Data

* Premium members only.

The historical data trend for Genmab AS's E10 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 E10 Chart

Genmab AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 84.24 106.29 103.78 185.58 177.58

Genmab AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 171.97 198.83 173.60 177.58 172.03

MEX:GMABN vs VRTX, REGN, ALNY: E10 Comparison

For the Biotechnology subindustry, Genmab AS's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Biotechnology Industry

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

* The bar in red indicates where Genmab AS's Shiller PE Ratio falls into.


MEX:GMABN
92GF Score
Genmab AS MEX:GMABN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Genmab AS E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=14.967/121.2000*121.2000
=14.967

Current CPI (Mar. 2026) = 121.2000.

Genmab AS Quarterly Data

per share eps CPI Adj_EPS
201606 7.521 100.600 9.061
201609 8.905 100.200 10.771
201612 38.695 100.300 46.758
201703 0.703 101.200 0.842
201706 13.764 101.200 16.484
201709 -0.259 101.800 -0.308
201712 40.325 101.300 48.247
201803 9.611 101.700 11.454
201806 12.832 102.300 15.203
201809 8.411 102.400 9.955
201812 39.941 102.100 47.413
201903 3.411 102.900 4.018
201906 3.951 102.900 4.654
201909 23.954 102.900 28.214
201912 65.737 102.900 77.428
202003 14.163 103.300 16.617
202006 178.803 103.200 209.990
202009 28.005 103.500 32.794
202012 38.376 103.400 44.982
202103 53.515 104.300 62.186
202106 14.781 105.000 17.061
202109 43.211 105.800 49.501
202112 28.696 106.600 32.626
202203 21.065 109.900 23.231
202206 80.951 113.600 86.367
202209 104.139 116.400 108.433
202212 38.926 115.900 40.706
202303 8.417 117.300 8.697
202306 50.736 116.400 52.828
202309 78.797 117.400 81.347
202312 29.429 116.700 30.564
202403 48.793 118.400 49.947
202406 57.342 118.500 58.649
202409 57.496 118.900 58.608
202412 178.108 118.900 181.553
202503 62.398 120.200 62.917
202506 102.054 120.700 102.477
202509 118.504 121.600 118.114
202512 8.463 121.200 8.463
202603 14.967 121.200 14.967

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of MXN172.03 mean?
Genmab AS (MEX:GMABN) has a E10 of MXN172.03 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Genmab AS and its competitors.
Is Genmab AS's E10 too high?
Genmab AS's current E10 is MXN172.03. 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 E10 compare to VRTX and REGN?
Genmab AS's E10 of MXN172.03 can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Biotechnology company?
A good E10 depends on the Biotechnology industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Genmab AS and its competitors. Genmab AS's current E10 is MXN172.03. 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 (MEX:GMABN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN5,328.99, compared to a current price of MXN4,027.79 — trading 24.4% below its estimated fair value. The current E10 is MXN172.03. Genmab AS's overall GF Score™ is 92/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Genmab AS (MEX:GMABN), the current E10 is MXN172.03 as of Mar. 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 (MEX:GMABN) Overvalued in 2026?

Based on GuruFocus' analysis, Genmab AS stock appears to be undervalued. The current stock price of MXN4,027.79 is trading 24.4% below its estimated GF Value™ of MXN5,328.99. GuruFocus considers Genmab AS to be Modestly Undervalued.

Key valuation signals for MEX:GMABN:

  • E10: MXN172.03
  • GF Value™: MXN5,328.99 vs. price of MXN4,027.79 (24.4% below fair value)
  • GF Score™: 92/100 with 5 warning signs

No single metric tells the full story. See the MEX:GMABN 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 MEX:GMABN

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN4,027.79
Price
MXN5,328.99
GF Value