Fidelity Emerging MarketsCHIX:FEMLL +0.13%35 EV-to-FCF is 2.30 as of Jun. 28, 2026, which is 93% below its 10-year median of 32.50. GuruFocus rates CHIX:FEMLL with a GF Score™ of 35/100 and a GF Value™ of £32.38 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 936 Asset Management companies, Fidelity Emerging Markets ranks better than 91.56% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Fidelity Emerging Markets's Enterprise Value is £591.8 Mil.
Fidelity Emerging Markets's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was £257.4 Mil. Therefore, Fidelity Emerging Markets's EV-to-FCF for today is 2.30.
The historical rank and industry rank for Fidelity Emerging Markets's EV-to-FCF or its related term are showing as below:
CHIX:FEMLl'
s EV-to-FCF Range Over the Past 10 Years
Min: -341.38 Med: 32.5 Max: 156.23
Current: 2.3
During the past 13 years, the highest EV-to-FCF of Fidelity Emerging Markets was 156.23. The lowest was -341.38. And the median was 32.50.
CHIX:FEMLl's EV-to-FCF is ranked better than 91.56% of 936
companies
in the Asset Management industry
Industry Median: 14.5
vs CHIX:FEMLl: 2.30
EV-to-FCF 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-FCF 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 £15.42.
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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Fidelity Emerging Markets EV-to-FCF Related Terms
Fidelity Emerging Markets EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fidelity Emerging Markets's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Fidelity Emerging Markets's EV-to-FCF falls into.
Fidelity Emerging Markets's current Enterprise Value is £591.8 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Fidelity Emerging Markets's Free Cash Flow 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-FCF of 2.30 as of Jun. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Fidelity Emerging Markets and its competitors. This is 93% below median its historical median of 32.50. According to the industry distribution chart, Fidelity Emerging Markets ranks #79 out of 936 companies in the Asset Management industry, placing it in the top 8.4%.
Is Fidelity Emerging Markets' EV-to-FCF too high?
Fidelity Emerging Markets' current EV-to-FCF of 2.30 is 93% below median its 10-year median of 32.50. The Asset Management industry median EV-to-FCF is 14.50. Fidelity Emerging Markets' value of 2.30 is 84.1% below this industry median. Based on the distribution chart, Fidelity Emerging Markets ranks #79 out of 936 companies in the Asset Management industry, which is in the top quartile — a strong position 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' EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Fidelity Emerging Markets ranks #79 out of 936 companies for EV-to-FCF. This places Fidelity Emerging Markets in the top 8% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.50. Fidelity Emerging Markets' value of 2.30 is 84.1% below this benchmark. While the company's 10-year median is 32.50 vs. the industry median of 14.50, 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-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.50, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fidelity Emerging Markets's current EV-to-FCF of 2.30 is 84.1% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Fidelity Emerging Markets and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fidelity Emerging Markets's current EV-to-FCF is 2.30, which is 93% 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 £32.38, compared to a current price of £15.42 — trading 52.4% below its estimated fair value. The current EV-to-FCF is 2.30, which is 93% below median its 10-year median of 32.50 and 84.1% below the Asset Management industry median of 14.50. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Fidelity Emerging Markets (CHIX:FEMLL), the current EV-to-FCF is 2.30 as of Jun. 28, 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 £15.42 is trading 52.4% below its estimated GF Value™ of £32.38.
GuruFocus considers Fidelity Emerging Markets to be Significantly Undervalued.
Key valuation signals for CHIX:FEMLL:
EV-to-FCF: 2.30 (93% below median its 10-year median of 32.50)
GF Value™: £32.38 vs. price of £15.42 (52.4% below fair value)
Industry Position: 84.1% below the Asset Management median (#79 of 936)
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
Get the complete analysis for CHIX:FEMLL
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:FEMLL has been successfully added to your 
