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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Genmab AS's Sloan Ratio for the quarter that ended in Jun. 2026 was 43.47%.
Warning Sign:
When sloan ratio (42.1)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, Genmab AS has a Sloan Ratio of 43.47%, indicating earnings are more likely to be made up of accruals.
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Genmab AS has a Sloan Ratio of 43.47%, indicating earnings are more likely to be made up of accruals.
Genmab AS Sloan Ratio % Related Terms
Genmab AS Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Genmab AS's Sloan 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.
CHIX:GMABC vs VRTX, REGN, RVMD: Sloan Ratio % Comparison
For the Biotechnology subindustry, Genmab AS's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Genmab AS's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Genmab AS's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Genmab AS's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Genmab AS's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 2549.959 (Sep. 2025 ) + 197.73 (Dec. 2025 ) + 342.661 (Mar. 2026 ) + 1966.561 (Jun. 2026 ) = kr5,057 Mil.
Genmab AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 3408.424 (Sep. 2025 ) + 1919.898 (Dec. 2025 ) + 19.396 (Mar. 2026 ) + 331.005 (Jun. 2026 ) = kr5,679 Mil.
Genmab AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -343.386 (Sep. 2025 ) + -35540.445 (Dec. 2025 ) + -58.188 (Mar. 2026 ) + 12.981 (Jun. 2026 ) = kr-35,929 Mil.
* 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 (CHIX:GMABC) has a Sloan Ratio % of 43.47% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Genmab AS and its competitors.
Is Genmab AS's Sloan Ratio % too high?
Genmab AS's current Sloan Ratio % is 43.47%. Overall, Genmab AS has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Genmab AS's Sloan Ratio % compare to VRTX and REGN?
Genmab AS's Sloan Ratio % of 43.47% 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 Sloan Ratio % for a Biotechnology company?
A good Sloan Ratio % depends on the Biotechnology industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Genmab AS and its competitors. Genmab AS's current Sloan Ratio % is 43.47%. 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 (CHIX:GMABC) is currently considered Modestly Undervalued. The stock's GF Value™ is kr2,277.46, compared to a current price of kr2,025.00 — trading 11.1% below its estimated fair value. The current Sloan Ratio % is 43.47%. Genmab AS's overall GF Score™ is 98/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Genmab AS (CHIX:GMABC), the current Sloan Ratio % is 43.47% as of Jun. 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 (CHIX:GMABC) Overvalued in 2026?
Based on GuruFocus' analysis, Genmab AS stock appears to be undervalued.
The current stock price of kr2,025.00 is trading 11.1% below its estimated GF Value™ of kr2,277.46.
GuruFocus considers Genmab AS to be Modestly Undervalued.
Key valuation signals for CHIX:GMABC:
Sloan Ratio %: 43.47%
GF Value™: kr2,277.46 vs. price of kr2,025.00 (11.1% below fair value)
No single metric tells the full story. See the CHIX:GMABC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
98GF Score
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