Templeton Emerging Markets Inv Tr (LSE:TEM) Piotroski F-Score: 7 (As of Aug. 01, 2026) — Near Median

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LSE:TEM Templeton Emerging Markets Inv Tr PLC LSE:TEM
41 GF Score
Price £3.05
! 3 Warning Signs
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What is Templeton Emerging Markets Inv Tr Piotroski F-Score?

Templeton Emerging Markets Inv Tr LSE:TEM +2.52% 41 Piotroski F-Score is 7 as of Aug. 01, 2026, which is at its 10-year median of 7.00. GuruFocus rates LSE:TEM with a GF Score™ of 41/100. The stock has 3 warning signs investors should review. Among 1,596 Asset Management companies, Templeton Emerging Markets Inv Tr ranks better than 92.67% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Templeton Emerging Markets Inv Tr has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Templeton Emerging Markets Inv Tr's Piotroski F-Score or its related term are showing as below:

LSE:TEM' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Templeton Emerging Markets Inv Tr was 8. The lowest was 3. And the median was 7.

Templeton Emerging Markets Inv Tr  (LSE:TEM) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Templeton Emerging Markets Inv Tr Piotroski F-Score Related Terms


Templeton Emerging Markets Inv Tr Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Templeton Emerging Markets Inv Tr's Piotroski F-Score 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.

Templeton Emerging Markets Inv Tr Piotroski F-Score Chart

Templeton Emerging Markets Inv Tr Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 8.00 7.00 7.00 7.00

Templeton Emerging Markets Inv Tr Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 0.00 7.00 0.00 7.00

LSE:TEM vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Templeton Emerging Markets Inv Tr's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.


Templeton Emerging Markets Inv Tr Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Templeton Emerging Markets Inv Tr's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Templeton Emerging Markets Inv Tr's Piotroski F-Score falls into.


LSE:TEM
41GF Score
Templeton Emerging Markets Inv Tr PLC LSE:TEM
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was £758.5 Mil.
Cash Flow from Operations was £35.7 Mil.
Revenue was £781.2 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (2086.54 + 2650.778) / 2 = £2368.659 Mil.
Total Assets at the begining of this year (Mar25) was £2,086.5 Mil.
Long-Term Debt & Capital Lease Obligation was £110.7 Mil.
Total Assets was £2,650.8 Mil.
Total Liabilities was £125.2 Mil.
Net Income was £153.7 Mil.

Revenue was £187.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2151.727 + 2086.54) / 2 = £2119.1335 Mil.
Total Assets at the begining of last year (Mar24) was £2,151.7 Mil.
Long-Term Debt & Capital Lease Obligation was £80.0 Mil.
Total Assets was £2,086.5 Mil.
Total Liabilities was £101.1 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Templeton Emerging Markets Inv Tr's current Net Income (TTM) was 758.5. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Templeton Emerging Markets Inv Tr's current Cash Flow from Operations (TTM) was 35.7. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=758.536/2086.54
=0.36353772

ROA (Last Year)=Net Income/Total Assets (Mar24)
=153.696/2151.727
=0.07142914

Templeton Emerging Markets Inv Tr's return on assets of this year was 0.36353772. Templeton Emerging Markets Inv Tr's return on assets of last year was 0.07142914. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Templeton Emerging Markets Inv Tr's current Net Income (TTM) was 758.5. Templeton Emerging Markets Inv Tr's current Cash Flow from Operations (TTM) was 35.7. ==> 35.7 <= 758.5 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=110.683/2368.659
=0.04672813

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=80/2119.1335
=0.03775128

Templeton Emerging Markets Inv Tr's gearing of this year was 0.04672813. Templeton Emerging Markets Inv Tr's gearing of last year was 0.03775128. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Mar26)=Total Assets/Total Liabilities
=2650.778/125.193
=21.17353207

Current Ratio (Last Year: Mar25)=Total Assets/Total Liabilities
=2086.54/101.098
=20.63878613

Templeton Emerging Markets Inv Tr's current ratio of this year was 21.17353207. Templeton Emerging Markets Inv Tr's current ratio of last year was 20.63878613. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Templeton Emerging Markets Inv Tr's number of shares in issue this year was 978.257. Templeton Emerging Markets Inv Tr's number of shares in issue last year was 1070.018. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=758.536/781.177
=0.97101681

Net Margin (Last Year: TTM)=Net Income/Revenue
=153.696/187.203
=0.82101248

Templeton Emerging Markets Inv Tr's net margin of this year was 0.97101681. Templeton Emerging Markets Inv Tr's net margin of last year was 0.82101248. ==> This year's net margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=781.177/2086.54
=0.3743887

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=187.203/2151.727
=0.08700128

Templeton Emerging Markets Inv Tr's asset turnover of this year was 0.3743887. Templeton Emerging Markets Inv Tr's asset turnover of last year was 0.08700128. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+0+1+1+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Templeton Emerging Markets Inv Tr has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Templeton Emerging Markets Inv Tr (LSE:TEM) has a Piotroski F-Score of 7 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Templeton Emerging Markets Inv Tr and its competitors. This is near median its historical median of 7.00. Over the past decade, Templeton Emerging Markets Inv Tr's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Templeton Emerging Markets Inv Tr ranks #117 out of 1596 companies in the Asset Management industry, placing it in the top 7.3%.
Is Templeton Emerging Markets Inv Tr's Piotroski F-Score too high?
Templeton Emerging Markets Inv Tr's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Templeton Emerging Markets Inv Tr's value of 7 is 40% above this industry median. Based on the distribution chart, Templeton Emerging Markets Inv Tr ranks #117 out of 1596 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Templeton Emerging Markets Inv Tr has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Templeton Emerging Markets Inv Tr's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Templeton Emerging Markets Inv Tr ranks #117 out of 1596 companies for Piotroski F-Score. This places Templeton Emerging Markets Inv Tr in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Templeton Emerging Markets Inv Tr's value of 7 is 40% above this benchmark. Historically, Templeton Emerging Markets Inv Tr's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Templeton Emerging Markets Inv Tr 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 Piotroski F-Score for an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,596 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Templeton Emerging Markets Inv Tr's current Piotroski F-Score of 7 is 40% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Templeton Emerging Markets Inv Tr and its competitors. For the Asset Management industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Templeton Emerging Markets Inv Tr's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Templeton Emerging Markets Inv Tr stock overvalued right now?
Templeton Emerging Markets Inv Tr (LSE:TEM) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Asset Management industry median of 5.00. Templeton Emerging Markets Inv Tr's overall GF Score™ is 41/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Templeton Emerging Markets Inv Tr (LSE:TEM), the current Piotroski F-Score is 7 as of Aug. 01, 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.

Templeton Emerging Markets Inv Tr Business Description

Address 5 Morrison Street, Edinburgh, Midlothian, GBR, EH3 8BH
Templeton Emerging Markets Inv Tr PLC is an emerging markets investment trust based in the UK. It invests in companies from sectors like Financials, Telecom, Health Care, Industrials and Utilities. Majority of its investment is dedicated to Unilever, which is a UK-based consumer products company with an international footprint. It also has holdings in countries like China/Hong Kong, South Korea, Taiwan, Russia, Brazil, India, South Africa, Thailand, Greece, Egypt, United States, Mexico, Cambodia, Peru, Hungary, Kenya, Pakistan, Czech Republic, Argentina, Philippines, Indonesia, and Nigeria.
41GF Score

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