Fidelity Emerging MarketsCHIX:FEMLL -2.41%35 Cyclically Adjusted PS Ratio is 36.45 as of Jul. 09, 2026, which is 12% above its 10-year median of 32.55. GuruFocus rates CHIX:FEMLL with a GF Score™ of 35/100 and a GF Value™ of £32.68 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 904 Asset Management companies, Fidelity Emerging Markets ranks worse than 95.46% on this metric.
The historical rank and industry rank for Fidelity Emerging Markets's Cyclically Adjusted PS Ratio or its related term are showing as below:
CHIX:FEMLl'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 14 Med: 32.55 Max: 46.18
Current: 37.23
During the past 13 years, Fidelity Emerging Markets's highest Cyclically Adjusted PS Ratio was 46.18. The lowest was 14.00. And the median was 32.55.
CHIX:FEMLl's Cyclically Adjusted PS Ratio is ranked worse than 95.46% of 904
companies
in the Asset Management industry
Industry Median: 7.6
vs CHIX:FEMLl: 37.23
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Fidelity Emerging Markets's adjusted revenue per share data of for the fiscal year that ended in Jun25 was £1.460. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is £0.40 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Fidelity Emerging Markets (CHIX:FEMLl) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Fidelity Emerging Markets Cyclically Adjusted PS Ratio Related Terms
Fidelity Emerging Markets Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Fidelity Emerging Markets's Cyclically Adjusted PS 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.
Fidelity Emerging Markets Cyclically Adjusted PS Ratio Chart
CHIX:FEMLL vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, Fidelity Emerging Markets's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.
Fidelity Emerging Markets Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fidelity Emerging Markets's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Fidelity Emerging Markets's Cyclically Adjusted PS Ratio falls into.
Fidelity Emerging Markets Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
* 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.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 36.45 mean?
Fidelity Emerging Markets (CHIX:FEMLL) has a Cyclically Adjusted PS Ratio of 36.45 as of Jul. 09, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Fidelity Emerging Markets and its competitors. This is 12% above median its historical median of 32.55. Over the past decade, Fidelity Emerging Markets' Cyclically Adjusted PS Ratio has ranged from 14.00 to 46.18. According to the industry distribution chart, Fidelity Emerging Markets ranks #863 out of 904 companies in the Asset Management industry, placing it in the top 95.5%.
Is Fidelity Emerging Markets' Cyclically Adjusted PS Ratio too high?
Fidelity Emerging Markets' current Cyclically Adjusted PS Ratio of 36.45 is 12% above median its 10-year median of 32.55. Over the past 10 years, this metric has ranged from a low of 14.00 to a high of 46.18. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.60. Fidelity Emerging Markets' value of 36.45 is 379.6% above this industry median. Based on the distribution chart, Fidelity Emerging Markets ranks #863 out of 904 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Fidelity Emerging Markets has a GF Score™ of 35/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fidelity Emerging Markets' Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Fidelity Emerging Markets ranks #863 out of 904 companies for Cyclically Adjusted PS Ratio. This places Fidelity Emerging Markets in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.60. Fidelity Emerging Markets' value of 36.45 is 379.6% above this benchmark. Historically, Fidelity Emerging Markets' own Cyclically Adjusted PS Ratio has ranged from 14.00 to 46.18 over the past decade. While the company's 10-year median is 32.55 vs. the industry median of 7.60, Fidelity Emerging Markets has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.60, based on 904 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fidelity Emerging Markets's current Cyclically Adjusted PS Ratio of 36.45 is 379.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Fidelity Emerging Markets and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fidelity Emerging Markets's current Cyclically Adjusted PS Ratio is 36.45, which is 12% above median its own 10-year median of 32.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity Emerging Markets stock overvalued right now?
Based on GuruFocus' analysis, Fidelity Emerging Markets (CHIX:FEMLL) is currently considered Significantly Undervalued. The stock's GF Value™ is £32.68, compared to a current price of £14.58 — trading 55.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 36.45, which is 12% above median its 10-year median of 32.55 and 379.6% above the Asset Management industry median of 7.60. Fidelity Emerging Markets' overall GF Score™ is 35/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Fidelity Emerging Markets (CHIX:FEMLL), the current Cyclically Adjusted PS Ratio is 36.45 as of Jul. 09, 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 Fidelity Emerging Markets (CHIX:FEMLL) Overvalued in 2026?
Based on GuruFocus' analysis, Fidelity Emerging Markets stock appears to be undervalued.
The current stock price of £14.58 is trading 55.4% below its estimated GF Value™ of £32.68.
GuruFocus considers Fidelity Emerging Markets to be Significantly Undervalued.
Key valuation signals for CHIX:FEMLL:
Cyclically Adjusted PS Ratio: 36.45 (12% above median its 10-year median of 32.55)
GF Value™: £32.68 vs. price of £14.58 (55.4% below fair value)
Industry Position: 379.6% above the Asset Management median (#863 of 904)
No single metric tells the full story. See the CHIX:FEMLL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fidelity Emerging Markets Ltd is a closed-ended investment fund. Its investment objective is to achieve long-term capital growth from an actively managed portfolio made up of securities and financial instruments providing exposure to Emerging Market companies, both listed and unlisted.
35GF Score
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