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Fidelity Emerging MarketsCHIX:FEMLL 35 EV-to-OCF is 2.10 as of Aug. 09, 2026, which is 94% below its 10-year median of 32.50. GuruFocus rates CHIX:FEMLL with a GF Score™ of 35/100 and a GF Value™ of £32.12 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,501 Asset Management companies, Fidelity Emerging Markets ranks better than 58.56% on this metric.
The historical rank and industry rank for Fidelity Emerging Markets's EV-to-OCF or its related term are showing as below:
CHIX:FEMLl'
s EV-to-OCF Range Over the Past 10 Years
Min: -341.38 Med: 32.5 Max: 156.23
Current: 2.1
During the past 13 years, the highest EV-to-OCF of Fidelity Emerging Markets was 156.23. The lowest was -341.38. And the median was 32.50.
CHIX:FEMLl's EV-to-OCF is ranked better than 58.56% of 1501
companies
in the Asset Management industry
Industry Median: 5.95
vs CHIX:FEMLl: 2.10
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Fidelity Emerging Markets's PE Ratio (TTM) for today is calculated as:
Fidelity Emerging Markets's share price for today is £14.40.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fidelity Emerging Markets's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was £3.670.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Fidelity Emerging Markets EV-to-OCF Related Terms
Fidelity Emerging Markets EV-to-OCF Historical Data
* 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.
For the Asset Management subindustry, Fidelity Emerging Markets's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fidelity Emerging Markets's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Fidelity Emerging Markets's EV-to-OCF falls into.
Fidelity Emerging Markets's current Enterprise Value is £540.5 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fidelity Emerging Markets's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was £257.4 Mil.
* 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 (CHIX:FEMLL) has a EV-to-OCF of 2.10 as of Aug. 09, 2026. This is 94% below median its historical median of 32.50. According to the industry distribution chart, Fidelity Emerging Markets ranks #622 out of 1501 companies in the Asset Management industry, placing it in the top 41.4%.
Is Fidelity Emerging Markets' EV-to-OCF too high?
Fidelity Emerging Markets' current EV-to-OCF of 2.10 is 94% below median its 10-year median of 32.50. The Asset Management industry median EV-to-OCF is 5.95. Fidelity Emerging Markets' value of 2.10 is 64.7% below this industry median. Based on the distribution chart, Fidelity Emerging Markets ranks #622 out of 1501 companies in the Asset Management industry, which is above the industry midpoint. 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' EV-to-OCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Fidelity Emerging Markets ranks #622 out of 1501 companies for EV-to-OCF. This puts Fidelity Emerging Markets in the upper half of its industry. The industry median EV-to-OCF is 5.95. Fidelity Emerging Markets' value of 2.10 is 64.7% below this benchmark. While the company's 10-year median is 32.50 vs. the industry median of 5.95, Fidelity Emerging Markets has consistently been below 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 EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.95, based on 1,501 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fidelity Emerging Markets's current EV-to-OCF of 2.10 is 64.7% below 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fidelity Emerging Markets's current EV-to-OCF is 2.10, which is 94% below median its own 10-year median of 32.50. 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 £32.12, compared to a current price of £14.40 — trading 55.2% below its estimated fair value. The current EV-to-OCF is 2.10, which is 94% below median its 10-year median of 32.50 and 64.7% below the Asset Management industry median of 5.95. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Fidelity Emerging Markets (CHIX:FEMLL), the current EV-to-OCF is 2.10 as of Aug. 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 £14.40 is trading 55.2% below its estimated GF Value™ of £32.12.
GuruFocus considers Fidelity Emerging Markets to be Significantly Undervalued.
Key valuation signals for CHIX:FEMLL:
EV-to-OCF: 2.10 (94% below median its 10-year median of 32.50)
GF Value™: £32.12 vs. price of £14.40 (55.2% below fair value)
Industry Position: 64.7% below the Asset Management median (#622 of 1501)
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.
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