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Genetic Analysis AS, a science-based diagnostic company, (GEAN) Fair Value & Analysis

Healthcare · SE · Market cap 46.0M NOK

GA Genetic Analysis AS, a science-based diagnostic company, GEAN · ST
Pricekr 0.6800
Fair Valuekr 0.0680
Upside-90.0%
Quality29/100
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Expensive Growth
Loss-making · -53.1% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 10/100
Evidence: Low Range kr 0.0425 – kr 0.0850 Share as image

Fair value as of: Jul 19, 2026

From 1 valuation models · updated 22 days ago

Below-average quality, and screening another 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 0.0850). The favourable scenario is already priced in.
  • Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (kr 0.0425 to kr 0.0850) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 12.31 kr 0.4090 Fair Value kr 0.0680 Oct 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

58‑month range kr 0.4090 – kr 12.31 · fair‑value band kr 0.0425 – kr 0.0850 · the kr 0.6800 price screens above the kr 0.0680 fair value. Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Genetic Analysis AS, a science-based diagnostic company, (GEAN) currently trades at kr 0.6800, while our model-based Fair Value estimate is kr 0.0680, implying the stock looks roughly 90.0% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Genetic Analysis AS, a science-based diagnostic company, generated revenue of 21.5M NOK at a net margin of -53.1%. Revenue grew 9.4% year over year. It earns a return on equity of -56.5%. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 0.0425 (bear case) to kr 0.0850 (bull case); at kr 0.6800, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -48% fair-value upside, at -90%, GEAN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) kr 0.2000 kr 0.2600 kr 0.3900 50
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.2000 kr 0.2600 kr 0.3900 50

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Key figures & financial health

Revenue (TTM) 21.5M NOK
Revenue growth (YoY) +9.4%
Net margin -53.1%
Return on equity -56.5%
Free cash flow −3.1M NOK FY2025
Operating margin -101%
More key figures
EPS (TTM) kr -0.1600

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 33 · Market factors (momentum, volatility) 21

Profitability 11
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Genetic Analysis AS, a science-based diagnostic company, engages in the research, development, manufacturing, and sale of diagnostic test solutions for human microbiome in the United States, Europe, and internationally.

Full company description

Genetic Analysis AS, a science-based diagnostic company, engages in the research, development, manufacturing, and sale of diagnostic test solutions for human microbiome in the United States, Europe, and internationally. The company offers GA-map MHI Gut Health Test, a microbiome-based diagnostic test for antibiotic-induced microbiome imbalances; GA-map Dysbiosis Test, a diagnostic microbiome test that detects and characterizes dysbiosis; GA-map Discovery, a microbiome research assay; GA-map Sample Collection Kit for the collection, transport, and storage of fecal specimens for nucleic acid analysis; GA-map IBD Precision Dx, a biomarker for inflammatory bowel disease; and GA-map COVID-19 Fecal Test, a qualitative real time standardized PCR test for the detection of the 2019 novel coronavirus RNA in stool samples. It is also involved in the operation of service laboratory where customers can send samples for microbiome profiling analysis; and provision of bioinformatic analysis and custom panel services. The company was founded in 2008 and is headquartered in Oslo, Norway.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Genetic Analysis AS, a science-based diagnostic company, reported revenue of kr 16.7M in FY2025 versus kr 6.8M in FY2021, a compound +25.2%/yr. Reported net income was −kr 11.4M in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
16.7M NOK
Latest YoY
+5.2%
Avg. growth/yr (3Y) 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.
+14.4%
Avg. growth/yr (5Y) 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.
+23.7%
Revenue +25.2%/yr
FY21 kr 6.8M
FY22 kr 11.2M
FY23 kr 14.1M
FY24 kr 15.9M
FY25 kr 16.7M
Net income
FY21 −kr 29.0M
FY22 −kr 28.3M
FY23 −kr 23.8M
FY24 −kr 14.8M
FY25 −kr 11.4M

GEAN screens 90% overvalued. Compare with Thermo Fisher Scientific Inc →

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Cite: Fair Value Calculator (2026). "Genetic Analysis AS, a science-based diagnostic company, Fair Value". https://www.fairvalue-calculator.com/stock/GEAN

Peer Group

Diagnostics & Research · 135 stocks

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.

Quality Score 33 · Bottom 25%
Fair Value upside −90% · Bottom 25%
Return on assets -16% · Bottom 25%
Net margin (TTM) -53% · Bottom 25%
Operating margin (TTM) -101% · Bottom 25%
Revenue growth 9% · Above median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Diagnostics & Research median · lower = cheaper

P/B 0.18× · Cheaper than 75% of peers
P/S (TTM) 0.22× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 47 · sector 25
PAST 0 · sector 11
HEALTH 93 · sector 96
DIVIDEND 0 · sector 21

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Diagnostics & Research stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Thermo Fisher Scientific Inc TMO $543.19 $308.19 -43%
Danaher Corporation DHR $199.66 $103.88 -48%
WuXi AppTec Co 2359 HK$160.70 HK$125.20 -22%
Lonza Group LONN CHF 567.80 CHF 259.80 -54%
IDEXX Laboratories, Inc IDXX $567.44 $255.77 -55%
Agilent Technologies, Inc A $131.46 $62.70 -52%
Waters Corporation WAT $368.98 $121.96 -67%
IQVIA Holdings IQV $207.85 $134.18 -35%
Integrated Diagnostics Holdings IDHC $0.0050 $0.0053 +5%
Illumina, Inc ILMN $186.65 $95.51 -49%

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Frequently asked questions

Is Genetic Analysis AS, a science-based diagnostic company, (GEAN) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 0.0680 versus a price of kr 0.6800, about −90% (overvalued).
What is the fair value of GEAN?
Our model-based fair value for Genetic Analysis AS, a science-based diagnostic company, is kr 0.0680 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 0.6800.
What is the quality score of GEAN?
Genetic Analysis AS, a science-based diagnostic company, has a Quality Score of 29/100. 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 revenue of Genetic Analysis AS, a science-based diagnostic company, (GEAN)?
Genetic Analysis AS, a science-based diagnostic company, reported trailing-twelve-month revenue of about 21.5M NOK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of GEAN?
The net profit margin of Genetic Analysis AS, a science-based diagnostic company, is about -53.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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