PhotoCure ASAFRA:PHS -1.32%73 Quick Ratio is 4.38 as of Mar. 2026, which is 3% above its 10-year median of 4.24. GuruFocus rates FRA:PHS with a GF Score™ of 73/100 and a GF Value™ of €6.33 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 997 Drug Manufacturers companies, PhotoCure ASA ranks better than 86.86% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. PhotoCure ASA's quick ratio for the quarter that ended in Mar. 2026 was 4.38.
PhotoCure ASA has a quick ratio of 4.38. It generally indicates good short-term financial strength.
The historical rank and industry rank for PhotoCure ASA's Quick Ratio or its related term are showing as below:
FRA:PHS'
s Quick Ratio Range Over the Past 10 Years
Min: 2.57 Med: 4.24 Max: 9.44
Current: 4.38
During the past 13 years, PhotoCure ASA's highest Quick Ratio was 9.44. The lowest was 2.57. And the median was 4.24.
FRA:PHS's Quick Ratio is ranked better than 86.86% of 997
companies
in the Drug Manufacturers industry
Industry Median: 1.45
vs FRA:PHS: 4.38
PhotoCure ASA (FRA:PHS) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
PhotoCure ASA Quick Ratio Related Terms
PhotoCure ASA Quick Ratio Historical Data
* Premium members only.
The historical data trend for PhotoCure ASA's Quick 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.
FRA:PHS vs ZTS, UTHR, VTRS: Quick Ratio Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, PhotoCure ASA's Quick Ratio, along with its competitors' market caps and Quick 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.
PhotoCure ASA Quick Ratio vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, PhotoCure ASA's Quick Ratio distribution charts can be found below:
* The bar in red indicates where PhotoCure ASA's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
PhotoCure ASA's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
PhotoCure ASA (FRA:PHS) has a Quick Ratio of 4.38 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on PhotoCure ASA and its competitors. This is near median its historical median of 4.24. Over the past decade, PhotoCure ASA's Quick Ratio has ranged from 2.57 to 9.44. According to the industry distribution chart, PhotoCure ASA ranks #131 out of 997 companies in the Drug Manufacturers industry, placing it in the top 13.1%.
Is PhotoCure ASA's Quick Ratio too high?
PhotoCure ASA's current Quick Ratio of 4.38 is near median its 10-year median of 4.24. Over the past 10 years, this metric has ranged from a low of 2.57 to a high of 9.44. The Drug Manufacturers industry median Quick Ratio is 1.45. PhotoCure ASA's value of 4.38 is 202.1% above this industry median. Based on the distribution chart, PhotoCure ASA ranks #131 out of 997 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, PhotoCure ASA has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PhotoCure ASA's Quick Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, PhotoCure ASA ranks #131 out of 997 companies for Quick Ratio. This places PhotoCure ASA in the top 13% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.45. PhotoCure ASA's value of 4.38 is 202.1% above this benchmark. Historically, PhotoCure ASA's own Quick Ratio has ranged from 2.57 to 9.44 over the past decade. While the company's 10-year median is 4.24 vs. the industry median of 1.45, PhotoCure ASA 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 Quick Ratio for a Drug Manufacturers company?
The median Quick Ratio among Drug Manufacturers companies is 1.45, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PhotoCure ASA's current Quick Ratio of 4.38 is 202.1% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on PhotoCure ASA and its competitors. For the Drug Manufacturers industry, the median Quick Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PhotoCure ASA's current Quick Ratio is 4.38, which is near median its own 10-year median of 4.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PhotoCure ASA stock overvalued right now?
Based on GuruFocus' analysis, PhotoCure ASA (FRA:PHS) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.33, compared to a current price of €5.23 — trading 17.4% below its estimated fair value. The current Quick Ratio is 4.38, which is near median its 10-year median of 4.24 and 202.1% above the Drug Manufacturers industry median of 1.45. PhotoCure ASA's overall GF Score™ is 73/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For PhotoCure ASA (FRA:PHS), the current Quick Ratio is 4.38 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 PhotoCure ASA (FRA:PHS) Overvalued in 2026?
Based on GuruFocus' analysis, PhotoCure ASA stock appears to be undervalued.
The current stock price of €5.23 is trading 17.4% below its estimated GF Value™ of €6.33.
GuruFocus considers PhotoCure ASA to be Modestly Undervalued.
Key valuation signals for FRA:PHS:
Quick Ratio: 4.38 (near median its 10-year median of 4.24)
GF Value™: €6.33 vs. price of €5.23 (17.4% below fair value)
Industry Position: 202.1% above the Drug Manufacturers median (#131 of 997)
No single metric tells the full story. See the FRA:PHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PhotoCure ASA is a Norway-based business group associated with the research, development, production, distribution, marketing, and sales of pharmaceutical products and specialty pharmaceutical companies. The technology platform of the company is focused on the field of photodynamic diagnosis and treatment of cancer. The company has two operating segments of the group the Commercial franchise and the Development portfolio. It generates prime revenue from the Commercial franchise segment, which includes Hexvix and Cysview products. Its geographical segments are Nordic countries, Germany, France, Austria, the United Kingdom, BeNeLux, Italy, Other European countries, Canada, and the United States.
73GF Score
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