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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Genmab A/S (GMAB) Quarterly Financial Ratios

Last 47 quarters of trend data · Healthcare · Biotechnology

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Genmab A/S's quarterly P/E stands at 11.8x, up 277.4% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 663.2% YoY to 9.1x, reflecting rising market expectations or slowing EBITDA growth.

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
P/E Ratio →15.3611.801.5115.790.873.132.903.708.212.734.6129.5012.04
—+277.4%-47.8%+326.6%-89.4%+14.5%-37.2%-87.5%-31.8%+33.2%+63.0%+131.6%+31.5%
P/S Ratio5.344.660.554.380.520.715.238.141.121.231.502.191.36
—+552.4%-89.6%-46.2%-53.6%-42.1%+248.7%+271.3%-17.9%-4.9%-11.5%-22.1%-45.4%
P/B Ratio3.283.310.380.370.360.500.530.600.660.750.870.911.03
—+568.0%-27.6%-38.3%-44.9%-33.6%-39.5%-33.9%-35.4%-6.0%-0.6%-13.0%-12.9%
P/FCF15.158.919.721.7911.181.9918.9622.843.263.0018.461.9824.31
—+347.4%-48.8%-92.2%+242.6%-33.5%+2.7%+1050.5%-86.6%+6.7%+206.8%-82.4%-35.7%
EV / EBITDA14.909.130.586.430.511.2012.9911.590.991.382.467.111.78
—+663.2%-95.5%-44.5%-48.8%-13.2%+428.9%+62.9%-44.4%-3.9%+5.0%+7.7%-64.9%
EV / EBIT15.828.980.515.260.501.2310.485.911.840.912.558.031.79
—+627.3%-95.2%-10.9%-72.6%+35.6%+311.4%-26.5%+2.7%-38.5%+3.7%+30.1%-60.7%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Genmab A/S's operating margin was 44.9% in Q3 2025, up 6.0 pp QoQ and up 7.0 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 35.9% lags the current quarter, suggesting the recent improvement is above-trend.

Margins

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
Gross Margin95.4%94.3%93.8%94.1%94.8%95.1%96.4%95.5%97.3%98.3%99.5%100.0%100.0%
—-0.8%-2.7%-1.5%-2.6%-3.3%-3.1%-4.5%-2.7%-1.7%-0.5%0.0%0.0%
Operating Margin31.1%44.9%38.9%26.3%33.5%37.9%30.3%19.2%35.7%35.8%35.2%14.7%50.1%
—+18.4%+28.5%+36.7%-6.1%+6.1%-14.0%+30.7%-28.8%-24.3%-10.7%-39.3%+62.3%
Net Margin36.4%39.2%36.3%27.3%59.7%22.9%26.1%31.8%13.7%44.7%32.0%7.4%10.0%
—+71.7%+39.4%-14.3%+336.3%-48.8%-18.6%+329.7%+36.7%-29.3%-46.5%-66.2%-63.4%

Return on Capital

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
ROE23.0%2.0%6.3%0.6%11.2%4.0%0.6%0.6%2.0%7.0%4.8%0.8%1.9%
—-49.4%+890.7%-7.4%+449.1%-42.7%-86.6%-22.3%+7.1%-30.4%-40.4%-62.8%-42.1%
ROA19.3%1.7%5.2%0.4%9.0%3.2%0.5%0.5%1.8%6.3%4.3%0.7%1.7%
—-48.3%+864.0%-15.8%+395.7%-48.3%-87.4%-23.1%+7.3%-29.5%-40.7%-63.0%-42.6%
ROIC22.2%2.3%6.5%0.5%6.0%5.8%0.8%0.5%7.1%7.0%6.4%1.9%11.1%
—-61.1%+753.7%+8.7%-16.5%-16.5%-88.1%-74.2%-35.6%-22.6%+0.4%-33.3%+143.1%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Genmab A/S's Debt/EBITDA ratio is 0.3x, down from 0.4x last quarter — comfortably within a safe range. The current ratio has improved 16.7% YoY to 6.03x, strengthening the short-term liquidity position.

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
Debt / Equity0.030.020.030.030.030.030.030.030.020.030.030.030.02
—-20.1%-15.2%-10.2%+15.1%+21.3%+17.8%+1.9%+11.3%+8.0%+7.8%+66.5%+14.3%
Debt / EBITDA0.140.300.394.600.460.454.087.830.450.450.531.760.23
—-34.0%-90.3%-41.3%+2.8%+0.7%+672.6%+344.8%+96.0%+42.0%+8.9%+143.7%-53.5%
Current Ratio5.256.036.226.225.255.175.0312.4613.3411.3814.9314.4415.48
—+16.7%+23.7%-50.1%-60.7%-54.6%-66.3%-13.7%-13.8%+18.3%+13.8%-16.6%+6.8%
Quick Ratio5.246.016.206.205.245.155.0212.4213.3211.3614.9014.4415.48
—+16.7%+23.5%-50.1%-60.7%-54.6%-66.3%-14.0%-14.0%+18.1%+13.6%-16.6%+6.8%
Interest Coverage55.86153.0040.0037.6040.00116.7812.4229.00278.33210.63209.7169.50515.00
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 47 years · Updated daily

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Frequently Asked Questions

What is Genmab A/S's quarterly P/E ratio trend?

Genmab A/S's current P/E is 15.4x. The average P/E over the last 4 quarters is 7.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Genmab A/S's margins change by quarter?

Genmab A/S's current operating margin is 31.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at GMAB quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Genmab A/S's business trajectory between earnings reports.

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