EMF (Templeton Emerging Markets Fund) ROE %: 66.20% (As of Feb. 2026) — 410% Above Median

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EMF Templeton Emerging Markets Fund EMF
38 GF Score
Price $23.00
! 6 Warning Signs
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What is Templeton Emerging Markets Fund ROE %?

Templeton Emerging Markets Fund EMF +1.81% 38 ROE % is 66.20% as of Feb. 2026, which is 410% above its 10-year median of 12.97. GuruFocus rates EMF with a GF Score™ of 38/100. The stock has 6 warning signs investors should review. Among 1,607 Asset Management companies, Templeton Emerging Markets Fund ranks better than 96.27% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Templeton Emerging Markets Fund's annualized net income for the quarter that ended in Feb. 2026 was $197.6 Mil. Templeton Emerging Markets Fund's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was $298.5 Mil. Therefore, Templeton Emerging Markets Fund's annualized ROE % for the quarter that ended in Feb. 2026 was 66.20%.

The historical rank and industry rank for Templeton Emerging Markets Fund's ROE % or its related term are showing as below:

EMF' s ROE % Range Over the Past 10 Years
Min: -31.36   Med: 12.97   Max: 51.41
Current: 51.41

During the past 9 years, Templeton Emerging Markets Fund's highest ROE % was 51.41%. The lowest was -31.36%. And the median was 12.97%.

EMF's ROE % is ranked better than
96.27% of 1607 companies
in the Asset Management industry
Industry Median: 6.78 vs EMF: 51.41

Templeton Emerging Markets Fund  (NYSE:EMF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=197.628/298.5335
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(197.628 / 198.042)*(198.042 / 309.4125)*(309.4125 / 298.5335)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.79 %*0.6401*1.0364
=ROA %*Equity Multiplier
=63.88 %*1.0364
=66.20 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=197.628/298.5335
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (197.628 / 197.628) * (197.628 / 198.042) * (198.042 / 309.4125) * (309.4125 / 298.5335)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 99.79 % * 0.6401 * 1.0364
=66.20 %

Note: The net income data used here is two times the semi-annual (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Templeton Emerging Markets Fund ROE % Related Terms


Templeton Emerging Markets Fund ROE % Historical Data

* Premium members only.

The historical data trend for Templeton Emerging Markets Fund's ROE % 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 Fund ROE % Chart

Templeton Emerging Markets Fund Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
ROE %
Get a 7-Day Free Trial Premium Member Only 16.73 -31.36 7.44 12.97 20.84

Templeton Emerging Markets Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
ROE % 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 6.66 19.88 7.64 34.75 66.20

EMF vs JRI, HPF, ZTR: ROE % Comparison

For the Asset Management subindustry, Templeton Emerging Markets Fund's ROE %, along with its competitors' market caps and ROE % 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 Fund ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Templeton Emerging Markets Fund's ROE % distribution charts can be found below:

* The bar in red indicates where Templeton Emerging Markets Fund's ROE % falls into.


EMF
38GF Score
Templeton Emerging Markets Fund EMF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Templeton Emerging Markets Fund ROE % Calculation

Templeton Emerging Markets Fund's annualized ROE % for the fiscal year that ended in Aug. 2025 is calculated as

ROE %=Net Income (A: Aug. 2025 )/( (Total Stockholders Equity (A: Aug. 2024 )+Total Stockholders Equity (A: Aug. 2025 ))/ count )
=50.488/( (226.225+258.217)/ 2 )
=50.488/242.221
=20.84 %

Templeton Emerging Markets Fund's annualized ROE % for the quarter that ended in Feb. 2026 is calculated as

ROE %=Net Income (Q: Feb. 2026 )/( (Total Stockholders Equity (Q: Aug. 2025 )+Total Stockholders Equity (Q: Feb. 2026 ))/ count )
=197.628/( (258.217+338.85)/ 2 )
=197.628/298.5335
=66.20 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Feb. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 66.20% mean?
Templeton Emerging Markets Fund (EMF) has a ROE % of 66.20% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Templeton Emerging Markets Fund and its competitors. This is 410% above median its historical median of 12.97. According to the industry distribution chart, Templeton Emerging Markets Fund ranks #60 out of 1607 companies in the Asset Management industry, placing it in the top 3.7%.
Is Templeton Emerging Markets Fund's ROE % too high?
Templeton Emerging Markets Fund's current ROE % of 66.20% is 410% above median its 10-year median of 12.97. The Asset Management industry median ROE % is 6.78. Templeton Emerging Markets Fund's value of 66.20% is 876.4% above this industry median. Based on the distribution chart, Templeton Emerging Markets Fund ranks #60 out of 1607 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Templeton Emerging Markets Fund has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Templeton Emerging Markets Fund's ROE % compare to JRI and HPF?
According to the Asset Management industry distribution chart, Templeton Emerging Markets Fund ranks #60 out of 1607 companies for ROE %. This places Templeton Emerging Markets Fund in the top 4% of its industry — outperforming the majority of peers. The industry median ROE % is 6.78. Templeton Emerging Markets Fund's value of 66.20% is 876.4% above this benchmark. While the company's 10-year median is 12.97 vs. the industry median of 6.78, Templeton Emerging Markets Fund 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.78, based on 1,607 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Templeton Emerging Markets Fund's current ROE % of 66.20% is 876.4% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Templeton Emerging Markets Fund and its competitors. For the Asset Management industry, the median ROE % is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Templeton Emerging Markets Fund's current ROE % is 66.20%, which is 410% above median its own 10-year median of 12.97. 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 Fund stock overvalued right now?
Templeton Emerging Markets Fund (EMF) has a current ROE % of 66.20%. The current ROE % is 66.20%, which is 410% above median its 10-year median of 12.97 and 876.4% above the Asset Management industry median of 6.78. Templeton Emerging Markets Fund's overall GF Score™ is 38/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Templeton Emerging Markets Fund (EMF), the current ROE % is 66.20% as of Feb. 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 Fund Business Description

Address 300 South East 2nd Street, Fort Lauderdale, Fort Lauderdale, FL, USA, 33301-1923
Templeton Emerging Markets Fund is a closed-end management investment company that seeks long-term capital appreciation by investing mainly in emerging country equity securities under normal market conditions. It invests across various sectors, including Pharmaceuticals, Beverages, Broadline Retail, Metals & Mining, Banks, Food Products, Semiconductors & Semiconductor Equipment, Insurance, Entertainment, and others.
38GF Score

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ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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