Fidelity Emerging MarketsCHIX:FEMLL -0.81%35 Return-on-Tangible-Asset is 45.73% as of Dec. 2025, which is 680% above its 10-year median of 5.86. GuruFocus rates CHIX:FEMLL with a GF Score™ of 35/100 and a GF Value™ of £32.33 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,636 Asset Management companies, Fidelity Emerging Markets ranks better than 97.19% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Fidelity Emerging Markets's annualizedNet Income for the quarter that ended in Dec. 2025 was £256.3 Mil. Fidelity Emerging Markets's average total tangible assets for the quarter that ended in Dec. 2025 was £560.5 Mil. Therefore, Fidelity Emerging Markets's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 45.73%.
The historical rank and industry rank for Fidelity Emerging Markets's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:FEMLl'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -42.78 Med: 5.86 Max: 41.7
Current: 41.7
During the past 13 years, Fidelity Emerging Markets's highest Return-on-Tangible-Asset was 41.70%. The lowest was -42.78%. And the median was 5.86%.
CHIX:FEMLl's Return-on-Tangible-Asset is ranked better than 97.19% of 1636
companies
in the Asset Management industry
Industry Median: 4.135
vs CHIX:FEMLl: 41.70
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Fidelity Emerging Markets Return-on-Tangible-Asset Related Terms
Fidelity Emerging Markets Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Fidelity Emerging Markets's Return-on-Tangible-Asset 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.
CHIX:FEMLL vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Fidelity Emerging Markets's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fidelity Emerging Markets's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Fidelity Emerging Markets's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 45.73% mean?
Fidelity Emerging Markets (CHIX:FEMLL) has a Return-on-Tangible-Asset of 45.73% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fidelity Emerging Markets and its competitors. This is 680% above median its historical median of 5.86. According to the industry distribution chart, Fidelity Emerging Markets ranks #46 out of 1636 companies in the Asset Management industry, placing it in the top 2.8%.
Is Fidelity Emerging Markets' Return-on-Tangible-Asset too high?
Fidelity Emerging Markets' current Return-on-Tangible-Asset of 45.73% is 680% above median its 10-year median of 5.86. The Asset Management industry median Return-on-Tangible-Asset is 4.14. Fidelity Emerging Markets' value of 45.73% is 1005.9% above this industry median. Based on the distribution chart, Fidelity Emerging Markets ranks #46 out of 1636 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' Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Fidelity Emerging Markets ranks #46 out of 1636 companies for Return-on-Tangible-Asset. This places Fidelity Emerging Markets in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.14. Fidelity Emerging Markets' value of 45.73% is 1005.9% above this benchmark. While the company's 10-year median is 5.86 vs. the industry median of 4.14, 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 Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.14, based on 1,636 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fidelity Emerging Markets's current Return-on-Tangible-Asset of 45.73% is 1005.9% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Fidelity Emerging Markets and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fidelity Emerging Markets's current Return-on-Tangible-Asset is 45.73%, which is 680% above median its own 10-year median of 5.86. 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 £32.33, compared to a current price of £14.76 — trading 54.3% below its estimated fair value. The current Return-on-Tangible-Asset is 45.73%, which is 680% above median its 10-year median of 5.86 and 1005.9% above the Asset Management industry median of 4.14. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Fidelity Emerging Markets (CHIX:FEMLL), the current Return-on-Tangible-Asset is 45.73% as of Dec. 2025. 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 £14.76 is trading 54.3% below its estimated GF Value™ of £32.33.
GuruFocus considers Fidelity Emerging Markets to be Significantly Undervalued.
Key valuation signals for CHIX:FEMLL:
Return-on-Tangible-Asset: 45.73% (680% above median its 10-year median of 5.86)
GF Value™: £32.33 vs. price of £14.76 (54.3% below fair value)
Industry Position: 1005.9% above the Asset Management median (#46 of 1636)
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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