Fidelity Emerging Markets (CHIX:FEMLL) Scaled Net Operating Assets: 0.85 (As of Dec. 2025)


CHIX:FEMLL Fidelity Emerging Markets Ltd CHIX:FEMLL
35 GF Score
Price £15.42
GF Value £32.38
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Fidelity Emerging Markets Scaled Net Operating Assets?

Fidelity Emerging Markets CHIX:FEMLL +0.13% 35 Scaled Net Operating Assets is 0.85 as of Dec. 2025. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Fidelity Emerging Markets's operating assets for the quarter that ended in Dec. 2025 was £514.0 Mil. Fidelity Emerging Markets's operating liabilities for the quarter that ended in Dec. 2025 was £14.6 Mil. Fidelity Emerging Markets's Total Assets for the quarter that ended in Jun. 2025 was £589.2 Mil. Therefore, Fidelity Emerging Markets's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.85.

CHIX:FEMLL
35GF Score
Fidelity Emerging Markets Ltd CHIX:FEMLL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fidelity Emerging Markets Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Fidelity Emerging Markets's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(582.15-20.5)/616.209
=0.91

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=589.189 - 7.039
=582.15

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20.5 - 0 - 0
=20.5

Fidelity Emerging Markets's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(513.957-14.558)/589.189
=0.85

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=531.86 - 17.903
=513.957

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.558 - 0 - 0
=14.558

* 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.

What does a Scaled Net Operating Assets of 0.85 mean?
Fidelity Emerging Markets (CHIX:FEMLL) has a Scaled Net Operating Assets of 0.85 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fidelity Emerging Markets and its competitors.
Is Fidelity Emerging Markets' Scaled Net Operating Assets too high?
Fidelity Emerging Markets' current Scaled Net Operating Assets is 0.85. 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' Scaled Net Operating Assets compare to BLK and BX?
Fidelity Emerging Markets' Scaled Net Operating Assets of 0.85 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fidelity Emerging Markets and its competitors. Fidelity Emerging Markets's current Scaled Net Operating Assets is 0.85. 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 Scaled Net Operating Assets is 0.85. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Fidelity Emerging Markets (CHIX:FEMLL), the current Scaled Net Operating Assets is 0.85 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 £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:

  • Scaled Net Operating Assets: 0.85
  • GF Value™: £32.38 vs. price of £15.42 (52.4% below fair value)
  • GF Score™: 35/100 with 4 warning signs

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 Business Description

Other Exchanges FEML:UK
Address Mill Court La Charroterie, Level 3, St. Peter Port, GGY, GY1 1EJ
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

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£15.42
Price
£32.38
GF Value