In toxicology, the margin of exposure of a substance is the ratio of its no-observed-adverse-effect level to its theoretical, predicted, or estimated dose or concentration of human intake. It is used in risk assessment to determine the dangerousness of substances for which a conventional health based/guidance value (HBGV) cannot be established. The MOE approach was formalized for European regulatory use by the European Food Safety Authority (EFSA) in 2005, specifically for substances that are both genotoxic and carcinogenic, as an alternative to mathematical low-dose extrapolation models and to the principle of reducing exposure as low as reasonably achievable (ALARA). Since then, the MOE approach has been extended to other substance classes, with the terminology being further standardized in a 2025 EFSA statement.