JPMorgan Emerging Markets Growth &ome (LSE:JMGI) Scaled Net Operating Assets: 1.11 (As of Dec. 2025)


LSE:JMGI JPMorgan Emerging Markets Growth & Income PLC LSE:JMGI
48 GF Score
Price £1.71
GF Value £6.93
Valuation Significantly Undervalued
! 4 Warning Signs
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What is JPMorgan Emerging Markets Growth &ome Scaled Net Operating Assets?

JPMorgan Emerging Markets Growth &ome LSE:JMGI -1.04% 48 Scaled Net Operating Assets is 1.11 as of Dec. 2025. GuruFocus rates LSE:JMGI with a GF Score™ of 48/100 and a GF Value™ of £6.93 (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.

JPMorgan Emerging Markets Growth &ome's operating assets for the quarter that ended in Dec. 2025 was £1,461.7 Mil. JPMorgan Emerging Markets Growth &ome's operating liabilities for the quarter that ended in Dec. 2025 was £12.3 Mil. JPMorgan Emerging Markets Growth &ome's Total Assets for the quarter that ended in Jun. 2025 was £1,308.6 Mil. Therefore, JPMorgan Emerging Markets Growth &ome's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.11.

LSE:JMGI
48GF Score
JPMorgan Emerging Markets Growth & Income PLC LSE:JMGI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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JPMorgan Emerging Markets Growth &ome 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.

JPMorgan Emerging Markets Growth &ome'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 )
=(1304.226-33.152)/1367.565
=0.93

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1308.575 - 4.349
=1304.226

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=33.152 - 0 - 0
=33.152

JPMorgan Emerging Markets Growth &ome'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 )
=(1461.725-12.264)/1308.575
=1.11

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1461.948 - 0.223
=1461.725

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12.264 - 0 - 0
=12.264

* 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 1.11 mean?
JPMorgan Emerging Markets Growth &ome (LSE:JMGI) has a Scaled Net Operating Assets of 1.11 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 JPMorgan Emerging Markets Growth &ome and its competitors.
Is JPMorgan Emerging Markets Growth &ome's Scaled Net Operating Assets too high?
JPMorgan Emerging Markets Growth &ome's current Scaled Net Operating Assets is 1.11. Overall, JPMorgan Emerging Markets Growth &ome has a GF Score™ of 48/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JPMorgan Emerging Markets Growth &ome's Scaled Net Operating Assets compare to BLK and BX?
JPMorgan Emerging Markets Growth &ome's Scaled Net Operating Assets of 1.11 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 JPMorgan Emerging Markets Growth &ome and its competitors. JPMorgan Emerging Markets Growth &ome's current Scaled Net Operating Assets is 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JPMorgan Emerging Markets Growth &ome stock overvalued right now?
Based on GuruFocus' analysis, JPMorgan Emerging Markets Growth &ome (LSE:JMGI) is currently considered Significantly Undervalued. The stock's GF Value™ is £6.93, compared to a current price of £1.71 — trading 75.3% below its estimated fair value. The current Scaled Net Operating Assets is 1.11. JPMorgan Emerging Markets Growth &ome's overall GF Score™ is 48/100 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 JPMorgan Emerging Markets Growth &ome (LSE:JMGI), the current Scaled Net Operating Assets is 1.11 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 JPMorgan Emerging Markets Growth &ome (LSE:JMGI) Overvalued in 2026?

Based on GuruFocus' analysis, JPMorgan Emerging Markets Growth &ome stock appears to be undervalued. The current stock price of £1.71 is trading 75.3% below its estimated GF Value™ of £6.93. GuruFocus considers JPMorgan Emerging Markets Growth &ome to be Significantly Undervalued.

Key valuation signals for LSE:JMGI:

  • Scaled Net Operating Assets: 1.11
  • GF Value™: £6.93 vs. price of £1.71 (75.3% below fair value)
  • GF Score™: 48/100 with 4 warning signs

No single metric tells the full story. See the LSE:JMGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

JPMorgan Emerging Markets Growth &ome Business Description

Address 60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan Emerging Markets Growth & Income PLC is an investment trust company. It seeks to maximise total returns by identifying high-quality companies across the market cap spectrum that aims to deliver sustainable long-term growth. The trust offers investors access to a diversified portfolio of both large and small emerging market companies. It invests in various sectors such as Financials, Information Technology, Consumer Staples, Consumer Discretionary, Materials, Health Care, Communication Services, and Utilities. Geographically, its investments are spread across the regions of South Asia, East Asia, Europe, Middle East, Africa, and Latin America.
48GF Score

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

£1.71
Price
£6.93
GF Value