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ADC Therapeutics SA (ADCT) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of ADC Therapeutics SA stock $1.44, price $1.51, that is 4.6% below the price, quality 33 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Healthcare US · Home Switzerland · ISIN CH0499880968

AT ADC Therapeutics SA logo Thin data Nov 11, 2026

ADC Therapeutics SA

ADCT · US
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Fair value $1.44 · Fairly valued
Negative equity (buybacks among others)
Quality 33/100
Weak Growth (revenue 3y −27.1 %/yr in USD)
Loss-making · -121.8% net margin (TTM)
Negative free cash flow
Trails peers (1/7)
Narrow moat 9/100
Thin data
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69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$31.51 $0.4681 Fair Value $1.44 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.

How to read this chart

60‑month range $0.4681 – $31.51 · fair‑value band $1.08 – $1.80 · the $1.51 price screens above the $1.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.

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Company profile

ADC Therapeutics SA provides antibody drug conjugate (ADC) technology platform in Switzerland and the United States.

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Its flagship product includes ZYNLONTA, a CD19-directed ADC, received accelerated approval from the U.S. Food and Drug Administration, conditional approval from the European Commission, and conditional approval from the China National Medical Products Administration for the treatment of relapsed or refractory diffuse large B-cell lymphoma (DLBCL) after two or more lines of systemic therapy.

The company is also seeking to continue expanding ZYNLONTA into international markets and into earlier lines of DLBCL and indolent lymphomas, including follicular lymphoma (FL) and marginal zone lymphoma (MZL) as a single agent and in combination through its LOTIS-5 confirmatory Phase 3 clinical trial and LOTIS-7 Phase 1b clinical trial, as well as through investigator-initiated trials (IITs). In addition, it is investigating a CD-22 targeted compound' and ADCT-602 that is in a Phase 1/2 IIT in refractory B-cell acute lymphoblastic leukemia.

Further, the company's pre-clinical stage pipeline includes a portfolio of next generation investigational ADCs targeting Claudin-6, NaPi2b, PSMA, NaPi2b, and ASCT2. ADC Therapeutics SA was incorporated in 2011 and is headquartered in Epalinges, Switzerland.

Stock analysis

ADC Therapeutics SA (ADCT) currently trades at $1.51, while our estimate is $1.44, so the stock looks roughly fairly valued today (gap 4.9%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: $1.08 (bear) to $1.80 (bull), the price of $1.51 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 33/100 (below-average quality), in the Healthcare sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

ADC Therapeutics SA reported revenue of $81.4M in FY2025 versus $33.9M in FY2021, a compound +24.4%/yr. Reported net income was −$143M in FY2025.

Key figures

Market cap $234M Micro · P/S ratio 2.68 · EPS (TTM) $−0.6000 · Net margin −122% · Return on equity −706% · Return on assets (EBIT) −37.7% (5-year average) · Operating margin −118% · Revenue (TTM) $79.6M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 69% below its 52-week high and 57% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at −27% fair-value upside, at −5%, ADCT screens cheaper than that median.

Fair Value

Bear $1.08 Fair Value $1.44 Bull $1.80
Price $1.51 · Downside -4.6%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 33/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 13
How much profit the company makes from its sales and capital
Quality Growth 74
Are margins and returns getting better?
Cashflow 11
Do the profits arrive as real cash?
Financial strength 33
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 26
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 7
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, no officer or director bought or sold shares on the open market.

  • SaleRedCo II Master Fund, L.P.10% owner5,880,415 shares at $3.34$19.6MApr 2, 2026

Plus 11 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+14.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−27.1%
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+61.0%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−5,102.5% (2019) → −133.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Drug Manufacturers - Specialty & Generic · 606 stocks

Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 33 · Bottom 25%
Fair Value upside −4.6% · Above median
Profitability
Return on equity (12 months) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −44.1% · Bottom 25%
Net margin (12 months) −121.8% · Bottom 25%
Operating margin (12 months) −118.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 2.2% · Below median
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months) 2.94× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)27 · sector 18
FUTURE (revenue growth)11 · sector 25
PAST (return on equity)0 · sector 25
HEALTH (low debt)0 · sector 96
DIVIDEND (yield)0 · sector 31

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Zoetis Inc ZTS $82.46 $113.53 +38% vs ADCT
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥48.55 ¥55.21 +14% vs ADCT
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,905 ₹1,983 +4% vs ADCT
Haleon plc HLN $9.06 $8.62 −5% vs ADCT
Merck KGaA MRK €149.35 €109.18 −27% vs ADCT
Galderma Group GALD CHF 188.55 CHF 109.80 −42% vs ADCT
Takeda Pharmaceutical Company TAK $20.93 $11.34 −46% vs ADCT
Teva Pharmaceutical Industries Limited TEVA $42.40 $20.74 −51% vs ADCT
Sandoz Group SDZ CHF 83.38 CHF 39.70 −52% vs ADCT
Divi's Laboratories Limited DIVISLAB ₹11,566 ₹1,567 −86% vs ADCT

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ADC Therapeutics SA: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "ADC Therapeutics SA Fair Value". https://www.fairvalue-calculator.com/stock/ADCT

Frequently asked questions

Is ADC Therapeutics SA (ADCT) overvalued or undervalued?
As of Nov 11, 2026, our estimate of fair value is $1.44 versus a price of $1.51, about 5% lower (fairly valued).
What is the fair value of ADCT?
Our estimate for ADC Therapeutics SA is $1.44 (as of Nov 11, 2026), built from audited fundamentals. The current price: $1.51.
What is the quality score of ADCT?
ADC Therapeutics SA has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ADC Therapeutics SA (ADCT)?
Our calculated price target is the estimate of $1.44 (as of Nov 11, 2026). Cautious scenario $1.08, optimistic scenario $1.80. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the ADC Therapeutics SA stock forecast for 2026?
Our estimate puts fair value at $1.44, about 5% lower versus a price of $1.51 (fairly valued). Cautious scenario $1.08, optimistic scenario $1.80. The calculation is refreshed regularly with new filings.
What is the revenue of ADC Therapeutics SA (ADCT)?
ADC Therapeutics SA reported trailing-twelve-month revenue of about $79.6M (latest available figure, as of Nov 11, 2026).
What is the intrinsic value of ADC Therapeutics SA (ADCT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ADC Therapeutics SA it is $1.44 per share (as of Nov 11, 2026), against a price of $1.51.
Is ADC Therapeutics SA stock overvalued or undervalued in 2026?
As of Nov 11, 2026, ADCT trades above its calculated fair value: price $1.51, fair value $1.44, a gap of about −5% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ADCT?
No. The price is what the market pays today ($1.51); the fair value is what the company's own numbers justify ($1.44). For ADC Therapeutics SA the two are $0.0700 per share apart. That gap is exactly why we show both numbers side by side.
How much is ADC Therapeutics SA worth?
The market values ADC Therapeutics SA at about $234M (market capitalisation, as of Nov 11, 2026). Per share that is $1.51; our models calculate a fair value of $1.44 per share.
What do the bullish and bearish scenarios say about ADCT?
Our models span a range for ADC Therapeutics SA: cautious scenario $1.08, base $1.44, optimistic $1.80 per share (as of Nov 11, 2026, price $1.51). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ADC Therapeutics SA (ADCT)?
Balance-sheet figures for ADC Therapeutics SA (as of Nov 11, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is ADCT from its 52-week high?
ADC Therapeutics SA trades at $1.51, about 69% below its 52-week high of $4.88 and 57% above the low of $0.9601 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of $1.44 is for.
Which stocks are comparable to ADC Therapeutics SA?
From the same area (Healthcare) we also value Merck KGaA, Takeda Pharmaceutical Company, Galderma Group, Teva Pharmaceutical Industries Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ADC Therapeutics SA stock attractive at the current price?
The data as of Nov 11, 2026: price $1.51, calculated fair value $1.44 (−5%), Quality Score 33/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. ADC Therapeutics SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ADC Therapeutics SA (ADCT)?
The closing price on Nov 10, 2026 was $1.51. Our estimate is $1.44, about 5% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ADC Therapeutics SA right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of ADC Therapeutics SA

How large is the market capitalisation of ADC Therapeutics SA (ADCT)?
The market capitalisation of ADC Therapeutics SA is $234M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ADC Therapeutics SA (ADCT)?
The price-to-sales ratio of ADC Therapeutics SA is 2.68 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ADC Therapeutics SA (ADCT)?
Earnings per share at ADC Therapeutics SA are $−0.6000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ADC Therapeutics SA (ADCT)?
The net margin of ADC Therapeutics SA is −122% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ADC Therapeutics SA (ADCT)?
The return on equity (ROE) of ADC Therapeutics SA is −706% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ADC Therapeutics SA (ADCT)?
On an EBIT basis the return on assets of ADC Therapeutics SA is −37.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ADC Therapeutics SA (ADCT)?
The operating margin of ADC Therapeutics SA is −118% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ADC Therapeutics SA (ADCT)?
Revenue at ADC Therapeutics SA is growing +2.2% versus a year earlier (3y avg −27.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does ADC Therapeutics SA (ADCT) generate?
The free cash flow of ADC Therapeutics SA is −$141M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does ADC Therapeutics SA (ADCT) carry?
The net debt of ADC Therapeutics SA is $178M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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